T. Rowe Price Floating Rate Fund Advisor Class (PAFRX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
9.11
0.00 (0.00%)
At close: Apr 17, 2025
-2.04% (1Y)
| Fund Assets | 2.55B |
| Expense Ratio | 0.97% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.71 |
| Dividend Yield | 7.73% |
| Dividend Growth | -8.27% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 9.11 |
| YTD Return | -1.27% |
| 1-Year Return | 4.43% |
| 5-Year Return | 32.55% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 331 |
| Inception Date | Jul 29, 2011 |
About PAFRX
PAFRX was founded on 2011-07-29. The Fund's investment strategy focuses on Loan Participation with 0.98% total expense ratio. The minimum amount to invest in T Rowe Price Floating Rate Fund, Inc; Advisor Class Shares is $2,500 on a standard taxable account. T Rowe Price Floating Rate Fund, Inc; Advisor Class Shares seeks high current income and, secondarily, capital appreciation. PAFRX will normally invest ar least 80% of its net assets in floating rate loans and floating rate debt securities.
Category Bank Loan
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PAFRX
Share Class -advisor Class
Index Morningstar LSTA US Leveraged Loan TR USD
Performance
PAFRX had a total return of 4.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.80%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFRCX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class C | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Top 10 Holdings
22.97% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Gov. Reserve | TRPGRIA | 9.95% |
| AssuredPartners | ASSPAR L 02.14.31 22 | 1.92% |
| HUB International | HBGCN L 06.20.30 19 | 1.82% |
| UKG | ULTI L 02.10.31 9 | 1.53% |
| Medline Borrower | MEDIND L 10.23.28 6 | 1.49% |
| Epicor Software | EGLPT L 05.30.31 13 | 1.45% |
| TIH Insurance Holdings | TIHLLC L 05.06.32 1 | 1.32% |
| Applied Systems | APPSYS L 02.24.31 13 | 1.17% |
| Alliant Holdings Intermediate | ALIANT L 09.19.31 18 | 1.16% |
| Opal | n/a | 1.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.05123 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04833 | Feb 28, 2025 |
| Jan 31, 2025 | $0.05587 | Jan 31, 2025 |
| Dec 31, 2024 | $0.05673 | Dec 31, 2024 |
| Nov 29, 2024 | $0.05672 | Nov 29, 2024 |
| Oct 31, 2024 | $0.0594 | Oct 31, 2024 |