Morningstar

T. Rowe Price Floating Rate Fund PRFRX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 9.05  /  0.00
  • Total Assets 4.0B
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level 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 6.69%
  • Effective Duration 0.56 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:59 AM GMT+0

Morningstar’s Analysis PRFRX

Will PRFRX 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 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 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
Rated on Published on

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Portfolio Holdings PRFRX

More PRFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
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