T. Rowe Price Floating Rate Z (TRIZX)
| Fund Assets | 4.24B |
| Expense Ratio | 0.02% |
| Min. Investment | $500,000 |
| Turnover | 106.90% |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 7.81% |
| Dividend Growth | -14.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 9.24 |
| YTD Return | 6.59% |
| 1-Year Return | 7.33% |
| 5-Year Return | 40.30% |
| 52-Week Low | 8.55 |
| 52-Week High | 9.25 |
| Beta (5Y) | n/a |
| Holdings | 349 |
| Inception Date | Mar 16, 2020 |
About TRIZX
T. Rowe Price Floating Rate Fund Z Class is an actively managed mutual fund focused on **floating rate loans and floating rate debt securities**. Its primary objective is to provide **high current income**, with **capital appreciation** as a secondary goal. The fund normally invests at least **80% of net assets** in floating rate instruments, primarily senior secured bank loans and below investment‑grade corporate credit, which reset their coupons periodically based on short-term reference rates. This structure positions the fund within the **bank loan** category and helps reduce traditional interest rate sensitivity relative to many fixed rate bond strategies. The portfolio is predominantly U.S. dollar–denominated and can include both U.S. and foreign issuers, with limited exposure to fixed rate bonds and other debt securities. As an institutional Z share class, it is designed for clients of T. Rowe Price and its affiliates and features a **low stated expense ratio** and no distribution fees, emphasizing cost efficiency for large, professionally managed accounts.
Performance
TRIZX had a total return of 7.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.07%.
Top 10 Holdings
17.36% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Gov. Reserve | TRPGRIA | 5.74% |
| HUB International | HBGCN.L 06.20.30 19 | 1.49% |
| Applied Systems | APPSYS.L 02.24.31 14 | 1.43% |
| Epicor Software | EGLPT.L 05.30.31 13 | 1.41% |
| UKG | ULTI.L 02.10.31 9 | 1.34% |
| Crc Insurance | TIHLLC.L 05.06.32 1 | 1.33% |
| Alera | n/a | 1.27% |
| LTI Holdings | LTIBOY.L 07.30.29 8 | 1.16% |
| TKO Worldwide Holdings | TKO.L 11.21.31 13 | 1.10% |
| Focus Financial Partners | FOCS.L 09.15.31 22 | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.05353 | Nov 28, 2025 |
| Oct 31, 2025 | $0.06434 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0581 | Sep 30, 2025 |
| Aug 29, 2025 | $0.06315 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0616 | Jul 31, 2025 |
| Jun 30, 2025 | $0.05818 | Jun 30, 2025 |