T. Rowe Price Floating Rate Fund (PRFRX)
NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.28
0.00 (0.00%)
Jul 29, 2025, 4:00 PM EDT
| Fund Assets | 4.28B |
| Expense Ratio | 0.77% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 7.49% |
| Dividend Growth | -12.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 9.28 |
| YTD Return | 0.83% |
| 1-Year Return | 5.16% |
| 5-Year Return | 29.57% |
| 52-Week Low | 9.01 |
| 52-Week High | 9.35 |
| Beta (5Y) | 0.12 |
| Holdings | 331 |
| Inception Date | Aug 1, 2011 |
About PRFRX
The fund will normally invest at least 80% of its net assets (including 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. Most, if not all, of the loans in which the fund invests are rated below investment grade (below BBB or an equivalent rating and commonly referred to as “junk”) or are not rated by established credit rating agencies.
Category Bank Loan
Stock Exchange NASDAQ
Ticker Symbol PRFRX
Index Morningstar LSTA US Leveraged Loan TR USD
Performance
PRFRX had a total return of 5.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.03%.
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 |
|---|---|---|
| Jun 30, 2025 | $0.05265 | Jun 30, 2025 |
| May 30, 2025 | $0.05725 | May 30, 2025 |
| Apr 30, 2025 | $0.05345 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05268 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04965 | Feb 28, 2025 |
| Jan 31, 2025 | $0.05748 | Jan 31, 2025 |