T. Rowe Price Floating Rate Fund Advisor Class
PAFRX
NASDAQ
Rating
Reward
Risk
Fund Information
Fund Type
Category
Sub-Category
Prospectus Objective
Inception Date
Open/Closed to New Investors
Minimum Initial Investment
Minimum Subsequent Investment
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Back End Fee
Asset Allocation
Cash
Stock
U.S. Stock
Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
Top Holdings
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Performance
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Forward Dividend Yield
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NAV
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Company Information
Provider
T. Rowe Price
Manager/Tenure
(Years)
(Years)
Paul M. Massaro (13)
Website
Address
100 East Pratt Street
Baltimore MD - 21202
Baltimore MD - 21202
Country
United States
Phone Number
410-345-2000
Investment Strategy
The investment seeks high current income and, secondarily, capital appreciation. The fund normally 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. Most, if not all, of the loans in which the fund invests are rated below investment grade (below BBB, or an equivalent rating) or are not rated by established credit rating agencies.
