T. Rowe Price Corporate Income Fund (PRPIX - Free Report) a Zacks Rank #4 (Sell) was incepted in October 1995 and is managed by T. Rowe Price Associates. The objective of PRPIX is to provide high income and capital growth. PRPIX invests at least 80% of net assets in corporate securities and 65% of its assets in corporate debt securities issued by U.S. and foreign companies. PRPIX invests in a variety of other securities in an effort to enhance income and achieve some capital growth.
The T. Rowe Price Corporate Income fund, managed by T. Rowe Price, carries an expense ratio of 0.62%. Moreover, PRPIX requires a minimal initial investment of $2,500.
PRPIX’s performance, as of the last filing, when compared to funds in its category was in the top 10% over the past 1 year. To see how this fund performed compared in its category of #1 and #2 Ranked Mutual Funds, please click here .
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