T. Rowe Price Instl Floating Rate Z (TRAZX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
9.47
0.00 (0.00%)
Dec 20, 2024, 4:00 PM EST
0.42% (1Y)
| Fund Assets | 4.24B |
| Expense Ratio | 0.02% |
| Min. Investment | $0.00 |
| Turnover | 78.50% |
| Dividend (ttm) | 0.86 |
| Dividend Yield | 9.12% |
| Dividend Growth | 0.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 29, 2024 |
| Previous Close | 9.47 |
| YTD Return | 8.99% |
| 1-Year Return | 10.00% |
| 5-Year Return | n/a |
| 52-Week Low | 9.38 |
| 52-Week High | 9.50 |
| Beta (5Y) | n/a |
| Holdings | 302 |
| Inception Date | Mar 10, 2020 |
About TRAZX
The fund 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. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated investments.
Fund Family T. Rowe Price
Category Bank Loan
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol TRAZX
Index Morningstar LSTA US Leveraged Loan TR USD
Performance
TRAZX had a total return of 10.00% in the past year. Since the fund's inception, the average annual return has been 7.09%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFRAX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class A | 1.03% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class I | 0.76% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class M | 1.01% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class Z | 0.68% |
| FFRCX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class C | 1.78% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PFFRX | -f Class | 0.70% |
Top 10 Holdings
24.73% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Gov. Reserve | TRPGRIA | 8.27% |
| TIH Insurance Holdings | TIHLLC L 05.06.32 1 | 2.44% |
| HUB International | HBGCN L 06.20.30 18 | 2.27% |
| AssuredPartners | ASSPAR L 02.14.31 22 | 2.18% |
| UKG | ULTI L 02.10.31 9 | 1.91% |
| Epicor Software | EGLPT L 05.30.31 11 | 1.63% |
| Medline Borrower | MEDIND L 10.23.28 4 | 1.58% |
| UFC Holdings | TKO L 04.29.26 9 | 1.53% |
| Cloud Software | TIBX L 03.29.29 9 | 1.47% |
| Applied Systems | APPSYS L 02.24.31 10 | 1.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 29, 2024 | $0.06555 | Nov 29, 2024 |
| Oct 31, 2024 | $0.06809 | Oct 31, 2024 |
| Sep 30, 2024 | $0.06529 | Sep 30, 2024 |
| Aug 30, 2024 | $0.07799 | Aug 30, 2024 |
| Jul 31, 2024 | $0.07362 | Jul 31, 2024 |
| Jun 28, 2024 | $0.06614 | Jun 28, 2024 |