PFFRX – T. Rowe Price Instl Floating Rate F Investment Strategy | Morningstar

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Strategy

The investment seeks high current income and, secondarily, capital appreciation. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and floating rate debt securities. Floating rate loans represent amounts borrowed by companies or other entities from banks and other lenders. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated investments.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PFFRX	T. Rowe Price Institutional Floating Rate Fund Class F	No Load	Open			Aug 27, 2010	$328.44M	0.700%	Below Average	$2,500	$29.79M
RPIFX	T. Rowe Price Institutional Floating Rate Fund	Institutional	Open			Jan 31, 2008	$4.53B	0.570%	Low	$1M	−$365.42M

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