TICPX: T. Rowe Price Instl Core Plus

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TICPX T. Rowe Price Instl Core Plus

  • Fund
  • TICPX
  • Price as of: Nov 13, 2019
  • $10.60 + $0.01 + 0.09%

TICPX - Profile

Vitals

  • YTD Return 6.0%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $445 M
  • Holdings in Top 10 13.8%

52 WEEK LOW AND HIGH

$10.60
$9.87
$10.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.40%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 95.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Core-Plus Bond

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.21%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name T. Rowe Price Institutional Core Plus Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Nov 30, 2004
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Brian J. Brennan

Fund Description

The advisor intends to invest at least 65% of its net assets in a "core" portfolio of investment grade, U.S. dollar-denominated fixed income securities that may include, but are not limited to, debt securities issued by the U.S. government and its agencies, corporate bonds, and mortgage-backed, and asset-backed securities. Normally, the fund will also maintain a "plus" portion of its portfolio in other sectors of the bond market, including high yield, non-U.S. dollar-denominated, and emerging market securities, to seek additional returns.

TICPX - Fund Company Quick Screens

TICPX - Performance

Return Ranking - Trailing

Period TICPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -5.0% 83.0% 21.25%
1 Yr 7.3% -2.6% 76.8% 30.19%
3 Yr 1.1%* -2.7% 20.9% 38.54%
5 Yr 0.2%* -4.3% 12.1% 46.30%
10 Yr 0.3%* -8.7% 8.1% 71.10%

* Annualized


Return Ranking - Calendar

Period TICPX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.8% -13.7% 0.8% 78.50%
2017 1.7% -2.8% 21.2% 30.66%
2016 0.8% -58.1% 8.6% 24.61%
2015 -3.0% -24.0% 3.0% 81.42%
2014 2.5% -60.4% 26.9% 52.08%

Total Return Ranking - Trailing

Period TICPX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -5.0% 83.0% 22.04%
1 Yr 7.3% -5.3% 76.8% 28.72%
3 Yr 1.1%* -3.0% 20.9% 48.65%
5 Yr 0.2%* -3.5% 12.1% 58.90%
10 Yr 0.3%* -8.7% 8.1% 82.43%

* Annualized


Total Return Ranking - Calendar

Period TICPX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.8% -13.7% 6.5% 82.33%
2017 1.7% -2.7% 27.0% 41.36%
2016 0.8% -58.1% 10.7% 31.54%
2015 -3.0% -14.6% 4.2% 86.57%
2014 2.5% -60.4% 26.9% 59.98%

NAV & Total Return History

TICPX - Holdings

Concentration Analysis

TICPX Category Low Category High TICPX % Rank
Net Assets 445 M 691 K 245 B 57.13%
Number of Holdings 1153 2 17498 12.89%
Net Assets in Top 10 63 M -203 M 24.7 B 65.01%
Weighting of Top 10 13.77% 2.5% 138.1% 74.15%

Top 10 Holdings

  1. United States Treasury Bonds 3% 2.13%

  2. United States Treasury Notes 2.88% 2.05%

  3. T. Rowe Price Instl Floating Rate 1.81%

  4. United States Treasury Notes 1.62% 1.45%

  5. United States Treasury Bonds 3% 1.40%

  6. United States Treasury Notes 2.25% 1.21%

  7. United States Treasury Notes 1.88% 0.99%

  8. Egypt (Arab Republic of) 6.38% 0.97%

  9. Federal National Mortgage Association 3% 0.95%

  10. United States Treasury Bonds 3.12% 0.81%


Asset Allocation

Weighting Return Low Return High TICPX % Rank
Bonds
95.08% 80.58% 153.76% 72.49%
Cash
4.29% -46.73% 28.73% 24.68%
Convertible Bonds
0.59% 0.00% 5.16% 29.70%
Preferred Stocks
0.02% -48.13% 8.19% 11.90%
Stocks
0.01% -17.64% 17.56% 7.10%
Other
0.00% -55.96% 30.83% 37.68%

Stock Sector Breakdown

Weighting Return Low Return High TICPX % Rank
Consumer Cyclical
0.01% 0.00% 22.53% 10.12%
Utilities
0.00% 0.00% 2.67% 40.34%
Technology
0.00% 0.00% 21.18% 36.58%
Real Estate
0.00% 0.00% 9.30% 38.91%
Industrials
0.00% 0.00% 34.84% 41.37%
Healthcare
0.00% 0.00% 38.22% 38.65%
Financial Services
0.00% 0.00% 13.65% 46.30%
Energy
0.00% 0.00% 9.51% 52.53%
Communication Services
0.00% 0.00% 18.86% 39.56%
Consumer Defense
0.00% 0.00% 3.68% 37.61%
Basic Materials
0.00% 0.00% 10.36% 38.39%

Stock Geographic Breakdown

Weighting Return Low Return High TICPX % Rank
US
0.01% -17.64% 13.44% 6.85%
Non US
0.00% 0.00% 4.70% 33.51%

Bond Sector Breakdown

Weighting Return Low Return High TICPX % Rank
Securitized
41.85% 0.00% 136.75% 15.29%
Corporate
31.29% -57.89% 99.15% 28.21%
Government
22.06% -86.06% 125.80% 30.05%
Cash & Equivalents
4.29% -46.73% 28.73% 25.14%
Municipal
0.52% 0.00% 157.77% 62.36%
Derivative
-0.02% -28.06% 28.01% 92.58%

Bond Geographic Breakdown

Weighting Return Low Return High TICPX % Rank
US
78.97% 63.24% 153.76% 91.81%
Non US
16.11% -26.08% 22.91% 4.13%

TICPX - Expenses

Operational Fees

TICPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.00% 209.96% 90.02%
Management Fee 0.40% 0.00% 1.25% 52.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.63% 75.72%

Sales Fees

TICPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

TICPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TICPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 95.30% 0.00% 2053.00% 72.77%

TICPX - Distributions

Dividend Yield Analysis

TICPX Category Low Category High TICPX % Rank
Dividend Yield 1.29% 0.00% 95.55% 35.84%

Dividend Distribution Analysis

TICPX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

TICPX Category Low Category High TICPX % Rank
Net Income Ratio 3.21% 0.00% 6.30% 17.67%

Capital Gain Distribution Analysis

TICPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

TICPX - Managers

Brian J. Brennan

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2004

14.93

14.9%

Brian Brennan is a portfolio manager in the Fixed Income Division at T. Rowe Price. He also is a member of the portfolio strategy team for T. Rowe Price’s core and core plus mandates. Mr. Brennan is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, and T. Rowe Price Trust Company. Mr. Brennan joined the Firm in 2000 and his investment experience dates from 1987. Prior to joining T. Rowe Price, he was a fixed income manager with Howard Hughes Medical Institute. Mr. Brennan began his career at CIGNA Investments, Inc., as a portfolio analyst for immunized and indexed fixed income accounts. Mr. Brennan earned a B.S. in economics and computer sciences and an M.A. in economics from Trinity College in Hartford, Connecticut. He also earned the Chartered Financial Analyst (CFA) designation and is a former president and treasurer of the Baltimore CFA Society.


Tenure Analysis

Category Low

0.0

Category High

32.94

Category Average

7.64

Category Mode

7.46