T. Rowe Price Floating Rate Fund, Inc. (TFAIX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
9.32
0.00 (0.00%)
Dec 20, 2024, 4:00 PM EST
0.43% (1Y)
| Fund Assets | 3.76B |
| Expense Ratio | 0.65% |
| Min. Investment | $500,000 |
| Turnover | 77.90% |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 8.42% |
| Dividend Growth | 1.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 29, 2024 |
| Previous Close | 9.32 |
| YTD Return | 8.30% |
| 1-Year Return | 9.25% |
| 5-Year Return | 26.05% |
| 52-Week Low | 9.23 |
| 52-Week High | 9.34 |
| Beta (5Y) | n/a |
| Holdings | 319 |
| Inception Date | Nov 29, 2016 |
About TFAIX
The fund normally invests 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) or are not rated by established credit rating agencies.
Fund Family T. Rowe Price
Category Loan Participation
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol TFAIX
Index Morningstar LSTA US Leveraged Loan TR USD
Performance
TFAIX had a total return of 9.25% in the past year. Since the fund's inception, the average annual return has been 4.41%, including dividends.
Top 10 Holdings
24.63% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Gov. Reserve | TRPGRIA | 8.38% |
| TIH Insurance Holdings | TIHLLC L 05.06.32 1 | 2.38% |
| HUB International | HBGCN L 06.20.30 18 | 2.34% |
| AssuredPartners | ASSPAR L 02.14.31 22 | 2.19% |
| UKG | ULTI L 02.10.31 9 | 1.90% |
| Epicor Software | EGLPT L 05.30.31 11 | 1.65% |
| UFC Holdings | TKO L 04.29.26 9 | 1.51% |
| Cloud Software | TIBX L 03.29.29 9 | 1.44% |
| Medline Borrower | MEDIND L 10.23.28 4 | 1.44% |
| AAdvantage Loyalty IP | AAL L 04.20.28 1 | 1.39% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 29, 2024 | $0.05927 | Nov 29, 2024 |
| Oct 31, 2024 | $0.06189 | Oct 31, 2024 |
| Sep 30, 2024 | $0.05952 | Sep 30, 2024 |
| Aug 30, 2024 | $0.07082 | Aug 30, 2024 |
| Jul 31, 2024 | $0.067 | Jul 31, 2024 |
| Jun 28, 2024 | $0.05958 | Jun 28, 2024 |