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
9.00
/
0.10
%
Total Assets
5.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.760%
Expense Ratio
0.760%
Fee Level
Below Average
Longest Manager Tenure
10.92
years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,500
Status
Open
TTM Yield
3.98%
Effective Duration
0.48
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
