How does the fund’s current yield compare to its historical average and to comparable benchmark indices?

Short answer:

The press release you provided only tells us that T. Rowe Price OHA Select Private Credit Fund (ticker TROW) paid a total distribution of $0.81 per share for the quarter ending June 30, 2025. It does not give the fund’s net asset value (NAV) per share, its annualized distribution yield, its historical average yield, or the yields of any benchmark indices. Because those pieces of information are missing, we cannot calculate a precise “current yield” nor compare it directly to the fund’s own historical average or to peer‑group benchmarks.

Below is a structured walk‑through of what would be required to answer the question, the typical methodology used by analysts, and the kind of figures you could expect once the missing data are obtained.

1. How “current yield” is normally calculated for a private‑credit fund

Example (illustrative only)

If the fund’s NAV on June 30, 2025 were $12.00 per share, the yield would be:

[
\text{Yield} = \frac{3.24}{12.00} = 27.0\%
]

If the market price were $13.50, the yield would be:

[
\text{Yield} = \frac{3.24}{13.50} = 24.0\%
]

These numbers are hypothetical; the actual yield depends on the real NAV/price.

2. What we need to determine the historical average yield of T. Rowe Price OHA Select Private Credit Fund

1. Historical distribution data (quarterly or monthly) for a reasonable look‑back period (e.g., the last 3‑5 years).
   
2. Corresponding NAV/price data for each distribution date to compute the yield for each period.
   
3. Average of those period yields (arithmetic or geometric, depending on the analyst’s preference).

Typical historical yields for private‑credit / BDC‑style funds range from the high‑teens to the low‑30 % range, depending on leverage, credit quality, and interest‑rate environment.

3. What “comparable benchmark indices” usually mean for a private‑credit fund

Because private‑credit funds typically employ leverage and invest in higher‑yielding loan assets, their distribution yields are *substantially higher** than traditional bond indices but can be more volatile.*

4. How to compare the current yield (once you have it) to:

5. What you should request or look up next

6. Putting it all together — a template answer (once data are available)

“For the quarter ended June 30 2025 the fund paid $0.81 per share, which annualizes to $3.24 per share. With an NAV of $12.30 per share (as of 30 June 2025) this translates to a *current distribution yield of 26.3 %. Over the past five years the fund’s average yield has been **22.5 %, so the current yield is ~3.8 percentage points higher than its historical average, reflecting a modest shift toward higher‑coupon loan holdings and/or increased leverage. By comparison, the Bloomberg Barclays U.S. Aggregate Bond Index yielded 4.2 %, the S&P/LSTA Leveraged Loan Index yielded 6.8 %, and the HFRI Private Credit Index yielded 10.1 % during the same period. Thus, the fund’s yield remains well above traditional fixed‑income benchmarks and is comparable to the upper‑range of its private‑credit peer group.”*

Until you obtain the NAV/price and historical distribution data, the above numbers are illustrative only.

Bottom line

• The press release alone does not give enough information to compute the fund’s current yield or to compare it with historical averages or benchmark indices.
  
• Additional data (NAV/price and historical distribution figures) are required.
  
• Once you have those numbers, you can calculate the annualized distribution yield, compare it with the fund’s historical average yield, and benchmark it against bond, loan, and private‑credit indices as shown in the framework above.
  

If you can provide the fund’s NAV (or market price) as of the reporting date and, ideally, a few years of past distribution data, I’ll be able to deliver a precise quantitative comparison.