T. Rowe Price Floating Rate Fund Z Class (TRIZX)
| Fund Assets | 4.05B |
| Expense Ratio | 0.02% |
| Min. Investment | $0.00 |
| Turnover | 106.90% |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 7.59% |
| Dividend Growth | -10.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 29, 2026 |
| Previous Close | 9.10 |
| YTD Return | 0.80% |
| 1-Year Return | 4.90% |
| 5-Year Return | 32.60% |
| 52-Week Low | 9.03 |
| 52-Week High | 9.29 |
| Beta (5Y) | n/a |
| Holdings | 325 |
| 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.
Performance
TRIZX had a total return of 4.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.30%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.05645 | May 29, 2026 |
| Apr 30, 2026 | $0.05466 | Apr 30, 2026 |
| Mar 31, 2026 | $0.05343 | Mar 31, 2026 |
| Feb 27, 2026 | $0.05062 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0576 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0593 | Dec 31, 2025 |