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T. Rowe Price Floating Rate (PRFRX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
9.290.00 (0.00%)
As of 08:05AM EST. Market open.

T. Rowe Price Floating Rate

Baltimore, Maryland 21202

100 East Pratt Street

T. Rowe Price Floating Rate Fund, Inc.

Management Information
Paul M. Massaro,Lead Manager since July 28, 2011
Paul Massaro is a vice president of T. Rowe Price Group, Inc.; T. Rowe Price Associates, Inc.; and T. Rowe Price Trust Company. He is a portfolio manager for high yield strategies in the Fixed Income Division. Paul is executive vice president of the T. Rowe Price Institutional Income Funds, Inc.; and the T. Rowe Price Floating Rate Fund, Inc. He also is chairman of the Investment Advisory Committee and portfolio manager of the Floating Rate and Institutional Floating Rate Funds. Prior to joining T. Rowe Price in 2003, Paul worked in equity research at Banc of America Securities and at J.P. Morgan Chase, both in New York. He earned a B.S. in business management from Cornell University and an M.B.A. in finance and strategic management from The Wharton School, University of Pennsylvania. Paul also has earned the Chartered Financial Analyst designation.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryBank Loan
Fund FamilyT. Rowe Price
Net Assets3.41B
YTD Return0.62%
Yield8.46%
Morningstar Rating★★★★★
Inception DateJul 28, 2011

Fund Operations

Last Dividend0.07
Last Cap Gain-11.00
Holdings Turnover27.60%
Average for CategoryN/A

Fees & Expenses

ExpensePRFRXCategory Average
Annual Report Expense Ratio (net)0.78%1.03%
Prospectus Net Expense Ratio0.78%N/A
Prospectus Gross Expense Ratio0.78%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.08%
Max Deferred Sales LoadN/A1.05%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A