Morningstar

T. Rowe Price Floating Rate Fund Advisor Class PAFRX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$9.03  /  0.00
  • Fund Size$4.0B
  • Adjusted Expense Ratio0.970%
  • Net Expense Ratio0.970%
  • Fee Level: DistributionAbove Average
  • Share Class TypeNo Load
  • Morningstar CategoryBank Loan
  • Fixed-Income Style Box (Funds)Low/Limited
  • Minimum Initial Investment$2,500
  • Investment StatusOpen
  • TTM Yield6.53%
  • Average Effective Duration0.66 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PAFRX

Will PAFRX 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 PAFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • 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.

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 PAFRX

More PAFRX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
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