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.
T. Rowe Price Floating Rate Fund Advisor Class PAFRX
- NAV / 1-Day Return 9.11 / −0.11 %
- Total Assets 4.0B
-
Adj. Expense Ratio
0.970%
- Expense Ratio 0.970%
- Distribution Fee Level Above 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 6.61%
- Effective Duration 0.56 years
USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 12:14 AM GMT+0
Morningstar’s Analysis PAFRX
Will PAFRX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the PAFRX 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 PAFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 12.9
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
T. Rowe Price Gov. Reserve | 6.00 | 244M | Cash and Equivalents |
Hopper Merger Sub | 1.67 | 68M | Corporate |
Crc Insurance | 1.42 | 58M | Corporate |
HUB International | 1.34 | 55M | Corporate |
Alera | 1.33 | 54M | Corporate |
UKG | 1.33 | 54M | Corporate |
Sedgwick Claims Management Services | 1.23 | 50M | Corporate |
Oak-Eagle Acquireco | 1.22 | 50M | Corporate |
Epicor Software | 1.20 | 49M | Corporate |
Opal Us | 1.09 | 44M | Corporate |
United States