T. Rowe Price Floating Rate Z (TRIZX)

Fund Assets	4.02B
Expense Ratio	0.02%
Min. Investment	$2,500
Turnover	66.40%
Dividend (ttm)	0.67
Dividend Yield	7.50%
Dividend Growth	-8.28%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.98
YTD Return	0.70%
1-Year Return	2.75%
5-Year Return	30.05%
52-Week Low	8.96
52-Week High	9.26
Beta (5Y)	n/a
Holdings	345
Inception Date	Mar 16, 2020

About TRIZX

T. Rowe Price Floating Rate Fund Z Class is an institutional mutual fund that invests at least 80% of its net assets in floating rate loans and floating rate debt securities. The fund seeks to generate high current income with secondary focus on capital appreciation. By utilizing floating rate instruments, the fund substantially eliminates interest rate risk since payments adjust based on short-term benchmarks such as SOFR. Bank loans typically rank higher in the capital structure during repayment, providing a layer of protection for investors. The fund serves as a portfolio diversifier, exhibiting low historical return correlations with equities and traditional fixed-income securities, including high-yield bonds. This makes it particularly suitable for institutional investors such as pension plans, banks, and trust companies seeking consistent income generation while managing interest rate sensitivity in their portfolios.

• Fund Family: T. Rowe Price
• Category: Bank Loan
• Performance Rating: High
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: TRIZX
• Share Class: -z Class
• Index: Morningstar LSTA US Leveraged Loan TR USD

Performance

TRIZX had a total return of 2.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.83%.

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 Hi Inc A	1.00%
FFRCX	Fidelity	Fidelity Advisor Floating Rate Hi Inc C	1.74%
FFRHX	Fidelity	Fidelity Floating Rate High Income Fund	0.72%
FFRIX	Fidelity	Fidelity Advisor Floating Rate Hi Inc I	0.75%
FFRTX	Fidelity	Fidelity Advisor Floating Rate Hi Inc M	1.00%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TFAIX	-i Class	0.64%
PAFRX	-advisor Class	0.97%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.05651	Sep 30, 2026
Aug 31, 2026	$0.05402	Aug 31, 2026
Jul 31, 2026	$0.05915	Jul 31, 2026
Jun 30, 2026	$0.05449	Jun 30, 2026
May 29, 2026	$0.05645	May 29, 2026
Apr 30, 2026	$0.05466	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 3, 2026

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