T Rowe Price Floating Rate Fund (PRFRX)
9.19
-0.01
(-0.11%)
USD |
Jan 30 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.76% | 4.223B | -- | 107.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -178.06M | 5.80% |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income and, secondarily, capital appreciation. The Fund will normally invest ar least 80% of its net assets in floating rate loans and floating rate debt securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Loan Participation Funds |
| Peer Group | Loan Participation Funds |
| Global Macro | Loan Participation Funds |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Loan Participation Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
67
-217.41M
Peer Group Low
1.718B
Peer Group High
1 Year
% Rank:
59
-178.06M
-3.146B
Peer Group Low
5.110B
Peer Group High
3 Months
% Rank:
81
-609.87M
Peer Group Low
2.161B
Peer Group High
3 Years
% Rank:
66
-3.547B
Peer Group Low
21.85B
Peer Group High
6 Months
% Rank:
74
-852.81M
Peer Group Low
3.070B
Peer Group High
5 Years
% Rank:
19
-2.405B
Peer Group Low
23.74B
Peer Group High
YTD
% Rank:
71
-113.03M
Peer Group Low
1.718B
Peer Group High
10 Years
% Rank:
6
-11.61B
Peer Group Low
24.22B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 01, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 3.67% |
| Stock | 0.00% |
| Bond | 97.62% |
| Convertible | 0.00% |
| Preferred | 0.64% |
| Other | -1.93% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Government Money Fund | 7.12% | 1.00 | 0.00% |
|
Applied Systems Inc 23-FEB-2031 Term Loan B
|
1.47% | -- | -- |
|
UKG Inc [Ex- Ultimate Software Inc] 09-FEB-2031 Term Loan B
|
1.46% | -- | -- |
|
Hub Intl Ltd 20-JUN-2030 Term Loan B
|
1.44% | -- | -- |
|
Epicor Software Corp 30-MAY-2031 Term Loan B
|
1.44% | -- | -- |
|
Truist Insurance Holdings LLC 31-MAR-2032 Term Loan
|
1.39% | -- | -- |
|
Alera Group Inc 30-MAY-2033 Term Loan
|
1.28% | -- | -- |
|
Sedgwick Claims Management Services Inc 30-JUN-2030 Term Loan B
|
1.19% | -- | -- |
|
Focus Financial Partners LLC 15-SEP-2031 Term Loan B
|
1.14% | -- | -- |
|
Zuffa LLC [Ex- Ultimate Fighting Championship] 21-NOV-2031 Term Loan B
|
1.05% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.58% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income and, secondarily, capital appreciation. The Fund will normally invest ar least 80% of its net assets in floating rate loans and floating rate debt securities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Loan Participation Funds |
| Peer Group | Loan Participation Funds |
| Global Macro | Loan Participation Funds |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Loan Participation Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-30-26) | 7.05% |
| 30-Day SEC Yield (12-31-25) | 6.36% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 333 |
| Bond | |
| Yield to Maturity (12-31-25) | 7.09% |
| Effective Duration | -- |
| Average Coupon | 9.40% |
| Calculated Average Quality | 5.844 |
| Effective Maturity | 4.953 |
| Nominal Maturity | 4.955 |
| Number of Bond Holdings | 319 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:PRFRX", "name") |
| Broad Asset Class: =YCI("M:PRFRX", "broad_asset_class") |
| Broad Category: =YCI("M:PRFRX", "broad_category_group") |
| Prospectus Objective: =YCI("M:PRFRX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |