Morningstar

T. Rowe Price Institutional Floating Rate Fund RPIFX

Morningstar Medalist Rating
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Medalist Rating as of See T. Rowe Price Investment Hub
  • NAV / 1-Day Return $9.18  /  0.00
  • Fund Size $4.8B
  • Adjusted Expense Ratio 0.570%
  • Net Expense Ratio 0.570%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 6.85%
  • Average Effective Duration 0.65 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis RPIFX

Will RPIFX outperform in the 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 RPIFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RPIFX 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 RPIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A winning formula.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

T. Rowe Price Floating Rate’s well-earned spot among the best bank-loan strategies reflects strong leadership, deep experience, a formidable supporting cast, and a time-tested approach.

by Paul Olmsted
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Portfolio Holdings RPIFX

More RPIFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

T. Rowe Price Gov. Reserve

4.27 206M
Cash and Equivalents

Hopper Merger Sub

1.74 84M
Corporate

HUB International

1.30 63M
Corporate

Crc Insurance

1.25 60M
Corporate

Alera

1.22 59M
Corporate

Engineered Machinery Holdings

1.21 59M
Corporate

Oak-Eagle Acquireco

1.20 58M
Corporate

Level 3 Financing

1.13 54M
Corporate

Sedgwick Claims Management Services

1.06 51M
Corporate

Edelman Financial Engines Center

1.04 50M
Corporate

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