RPLCX Performance — T. Rowe Price Institutional Long Duration Credit Fund
Data updated: 2026-08-12
RPLCX returned +0.77% year to date and +8.05% over one year to May 2026. Annualised returns are +4.19% over 3 years and −1.76% over 5 years. Against its Long-Term Corporate Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $113, against $116 for the category, and to $108 over one year, against $108. Volatility over the past three years was 11.25% a year. In the 12 months to May 2026 the fund lost a net $6.7M, and assets reached $200.59M.
RPLCX Growth of $100
What $100 invested in T. Rowe Price Institutional Long Duration Credit Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Corporate Bond category average over the same months.
| Period | RPLCX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $108 |
| 3 years (Jun 2023 – May 2026) | $113 | $116 |
| 5 years (Jun 2021 – May 2026) | $92 | $99 |
| Since data start (Sep 2019 – May 2026) | $100 | $106 |
RPLCX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.77% |
| 1 year | +8.05% |
| 3 years (annualised) | +4.19% |
| 5 years (annualised) | −1.76% |
RPLCX Annual Returns
Calendar-year total returns of T. Rowe Price Institutional Long Duration Credit Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.77% |
| 2025 | +7.62% |
| 2024 | −1.46% |
| 2023 | +9.93% |
| 2022 | −26.14% |
| 2021 | −0.24% |
| 2020 | +16.70% |
| 2019 (Sep–Dec) | −0.96% |
RPLCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +2.1% | −3.5% | +0.6% | +1.4% | — | — | — | — | — | — | — |
| 2025 | +0.5% | +3.6% | −1.5% | −1.6% | −0.6% | +3.0% | +0.1% | +0.6% | +3.2% | +0.6% | +0.4% | −0.8% |
| 2024 | −1.0% | −2.3% | +1.6% | −4.7% | +3.0% | +0.7% | +3.2% | +2.2% | +2.4% | −4.2% | +2.2% | −4.2% |
| 2023 | +7.1% | −4.8% | +3.8% | +0.7% | −2.6% | +1.1% | −0.5% | −2.0% | −5.4% | −4.3% | +10.2% | +7.6% |
| 2022 | −4.8% | −3.1% | −3.2% | −9.4% | +0.1% | −4.3% | +4.4% | −4.0% | −8.6% | −2.4% | +8.5% | −1.6% |
| 2021 | −2.3% | −3.4% | −2.9% | +2.2% | +0.9% | +3.9% | +2.4% | −0.2% | −1.9% | +1.5% | +0.6% | −0.8% |
| 2020 | +4.8% | +2.5% | −9.0% | +7.1% | +1.1% | +3.0% | +5.8% | −3.0% | −0.1% | −1.2% | +5.1% | +0.7% |
| 2019 | — | — | — | — | — | — | — | — | −1.8% | +0.6% | +0.6% | −0.4% |
RPLCX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 11.25%
- 3-year Sharpe ratio: -0.03 (vs 4.5% risk-free rate)
- Best month: +10.22% (Nov 2023)
- Worst month: −5.38% (Sep 2023)
RPLCX Fund Flows
Monthly money in and out of T. Rowe Price Institutional Long Duration Credit Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.7M
- 12-month gross sales (incl. reinvestments): $57.6M
- Sales ÷ redemptions: 0.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.5M | $5.9M | −$2.4M |
| Apr 2026 | $3.7M | $6.2M | −$2.5M |
| Mar 2026 | $4.8M | $4.2M | $668K |
| Feb 2026 | $4.5M | $4.4M | $69K |
| Jan 2026 | $5.3M | $6.2M | −$884K |
| Dec 2025 | $6.2M | $3.5M | $2.7M |
| Nov 2025 | $5.0M | $2.9M | $2.1M |
| Oct 2025 | $6.6M | $5.6M | $1.1M |
| Sep 2025 | $5.1M | $4.0M | $1.1M |
| Aug 2025 | $4.3M | $3.6M | $654K |
| Jul 2025 | $4.3M | $14.7M | −$10.5M |
| Jun 2025 | $4.3M | $3.2M | $1.2M |
RPLCX Assets Under Management
Net assets of T. Rowe Price Institutional Long Duration Credit Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $200.59M |
| 2026-02-28 | $210.79M |
| 2025-11-30 | $208.61M |
| 2025-08-31 | $198.65M |
| 2025-05-31 | $202.54M |
| 2025-02-28 | $225.77M |
| 2024-11-30 | $257.05M |
| 2024-08-31 | $212.88M |
| 2024-05-31 | $155.84M |
| 2024-02-29 | $128.24M |
| 2023-11-30 | $81.80M |
| 2023-08-31 | $67.77M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.