T. Rowe Price Floating Rate stands out versus peers with its experienced portfolio managers and deep credit research team that complements this offering’s selective, risk-aware approach. It earns a Morningstar Analyst Rating of Gold for most share classes and Silver for its more-expensive Advisor share class.
T. Rowe Price Floating Rate PRFRX
NAV / 1-Day Return
8.94
/
0.21
%
Total Assets
4.4 Bil
Adj. Expense Ratio
0.760%
Expense Ratio
0.760%
Fee Level
Average
Longest Manager Tenure
11.17
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,500
Status
Open
TTM Yield
4.22%
Effective Duration
0.55
years
Morningstar’s Fund Analysis PRFRX
Will PRFRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRFRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PRFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Experience and fundamental research drive this top bank-loan offering.
