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Morningstar

T. Rowe Price Floating Rate PRFRX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 9.22  /  0.00
  • Total Assets 3.4 Bil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Below 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 8.28%
  • Effective Duration 0.65 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PRFRX

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.

A veteran bank-loan manager leads this top fundamentally driven strategy.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

T. Rowe Price Floating Rate sets the standard for managing bank loans. Its experienced portfolio manager and deep credit research team complements a risk-aware process to earn a Morningstar Analyst Rating of Gold for most share classes and Silver for its costliest.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings PRFRX

More PRFRX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 329
  • Other Holdings 9
  • % Assets in Top 10 Holdings 15.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
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