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Morningstar

T. Rowe Price Floating Rate PRFRX

Morningstar Analyst Rating
Analyst rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 9.20  /  0.07 %
  • Total Assets 4.1 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.41%
  • Effective Duration 0.56 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:15 PM GMT+00:00

Morningstar’s 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.

Senior Analyst

Summary

| by Paul Olmsted

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.

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