T. Rowe Price Floating Rate Fund (PRFRX) Fund Details & Analysis

Fund Information

Fund Category Bank Loan

Fund Family T. Rowe Price

Fund Style Large

ISIN US87279B1061

CUSIP 87279B106

Inception Date 2011-07-29

Domicile United States

Country USA

Fiscal Year End May

NAV Chart

Fund Metrics

Net Assets $4.27 Billion

Share Class Net Assets $1.95 Billion

Expense Ratio 0.76%

Expense Ratio Date 2025-08-01

Dividend Yield 0.07%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.33%

1-Year Return 6.33%

3-Year Return 8.53%

5-Year Return 6.05%

NAV $9.24

Previous Close Price $9.25

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.07%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About T. Rowe Price Floating Rate Fund

The fund normally invests at least 80% of its net assets (plus 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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	92.98%	92.98%	0.00%	78.38%	0.00%
Cash	6.00%	7.95%	1.95%	21.16%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.09%	0.00%
Not Classified	0.92%	0.92%	0.00%	0.38%	0.00%
Other	0.10%	0.10%	0.00%	0.38%	0.00%
US Stock	0.00%	0.00%	0.00%	1.25%	0.00%

Top Holdings

Name	Weight	Owned	Change
T. Rowe Price Government Reserve Fund	8.90%	-	-
TRUIST INSURANCE HOLDINGS LLC	2.44%	-	-
HUB INTERNATIONAL LTD	1.51%	-	-
ASSUREDPARTNERS INC	1.96%	-	-
UKG INC	1.35%	-	-
EPICOR SOFTWARE CORP	1.50%	-	-
UFC HOLDINGS LLC	1.12%	-	-
AADVANTAGE LOYALTY IP	1.22%	-	-
MEDLINE BORROWER LP	1.56%	-	-
APPLIED SYSTEMS INC	1.20%	-	-
ALLIANT HOLDINGS INTERMEDI	1.19%	-	-
FOCUS FINANCIAL PARTNERS LLC	1.14%	-	-
ALERA GROUP INC	1.29%	-	-
CRC INSURANCE GROUP LLC	1.27%	-	-
LTI HOLDINGS INC	1.17%	-	-

See the full breakdown of PRFRX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	25.73%	7.80%	0.00%
Bond Sector	Corporate	0.00%	62.04%	92.18%	0.00%
Bond Sector	Derivative	0.00%	7.76%	0.00%	0.00%
Bond Sector	Government	0.00%	0.22%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	4.24%	0.02%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	92.97%	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	2.65%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	4.38%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-11-27	$0.058	$0.058	USD	-	2024-11-26	2024-11-29	Monthly
2024-10-30	$0.061	$0.061	USD	-	2024-10-29	2024-10-31	Monthly
2024-09-27	$0.059	$0.059	USD	-	2024-09-26	2024-09-30	Monthly
2024-08-29	$0.070	$0.070	USD	-	2024-08-28	2024-08-30	Monthly
2024-07-30	$0.066	$0.066	USD	-	2024-07-29	2024-07-31	Monthly
2024-06-27	$0.059	$0.059	USD	-	2024-06-26	2024-06-28	Monthly
2024-05-30	$0.070	$0.070	USD	-	2024-05-29	2024-05-31	Monthly
2024-04-29	$0.064	$0.064	USD	-	2024-04-26	2024-04-30	Monthly
2024-03-27	$0.066	$0.066	USD	-	2024-03-26	2024-03-28	Monthly
2024-02-28	$0.063	$0.063	USD	-	2024-02-27	2024-02-29	Monthly
2024-01-30	$0.067	$0.067	USD	-	2024-01-29	2024-01-31	Monthly
2023-12-28	$0.070	$0.070	USD	-	2023-12-27	2023-12-29	Monthly
2023-11-29	$0.066	$0.066	USD	-	2023-11-28	2023-11-30	Monthly
2023-10-30	$0.065	$0.065	USD	-	2023-10-27	2023-10-31	Monthly
2023-09-28	$0.068	$0.068	USD	-	2023-09-27	2023-09-29	Monthly
2023-08-30	$0.069	$0.069	USD	-	2023-08-29	2023-08-31	Monthly
2023-07-28	$0.063	$0.063	USD	-	2023-07-27	2023-07-31	Monthly
2023-06-29	$0.066	$0.066	USD	-	2023-06-28	2023-06-30	Monthly
2023-05-30	$0.066	$0.066	USD	-	2023-05-26	2023-05-31	Monthly
2023-04-27	$0.057	$0.057	USD	-	2023-04-26	2023-04-28	Monthly
2023-03-30	$0.067	$0.067	USD	-	2023-03-29	2023-03-31	Monthly
2023-02-27	$0.060	$0.060	USD	-	2023-02-24	2023-02-28	Monthly
2023-01-30	$0.056	$0.056	USD	-	2023-01-27	2023-01-31	Monthly
2022-12-29	$0.060	$0.060	USD	-	2022-12-28	2022-12-30	Monthly
2022-11-29	$0.053	$0.053	USD	-	2022-11-28	2022-11-30	Monthly
2022-10-28	$0.047	$0.047	USD	-	2022-10-27	2022-10-31	Monthly
2022-09-29	$0.047	$0.047	USD	-	2022-09-28	2022-09-30	Monthly
2022-08-30	$0.044	$0.044	USD	-	2022-08-29	2022-08-31	Monthly
2022-07-28	$0.038	$0.038	USD	-	2022-07-27	2022-07-29	Monthly
2022-06-29	$0.033	$0.033	USD	-	2022-06-28	2022-06-30	Monthly
2022-05-27	$0.031	$0.031	USD	-	2022-05-26	2022-05-31	Monthly
2022-04-28	$0.030	$0.030	USD	-	2022-04-27	2022-04-29	Monthly
2022-03-30	$0.031	$0.031	USD	-	2022-03-29	2022-03-31	Monthly
2022-02-25	$0.027	$0.027	USD	-	2022-02-24	2022-02-28	Monthly
2022-01-28	$0.028	$0.028	USD	-	2022-01-27	2022-01-31	Monthly
2021-12-31	$0.032	$0.032	USD	-	2021-12-30	2022-01-03	Monthly
2021-11-29	$0.030	$0.030	USD	-	2021-11-26	2021-11-30	Monthly
2021-10-28	$0.032	$0.032	USD	-	2021-10-27	2021-10-29	Monthly
2021-09-29	$0.032	$0.032	USD	-	2021-09-28	2021-09-30	Monthly
2021-08-30	$0.031	$0.031	USD	-	2021-08-27	2021-08-31	Monthly
2021-07-29	$0.032	$0.032	USD	-	2021-07-28	2021-07-30	Monthly
2021-06-29	$0.029	$0.029	USD	-	2021-06-28	2021-06-30	Monthly
2021-05-27	$0.031	$0.031	USD	-	2021-05-26	2021-05-28	Monthly
2021-04-29	$0.032	$0.032	USD	-	2021-04-28	2021-04-30	Monthly
2021-03-30	$0.033	$0.033	USD	-	2021-03-29	2021-03-31	Monthly
2021-02-25	$0.027	$0.027	USD	-	2021-02-24	2021-02-26	Monthly
2021-01-28	$0.029	$0.029	USD	-	2021-01-27	2021-01-29	Monthly
2020-12-30	$0.037	$0.037	USD	-	2020-12-29	2020-12-31	Monthly
2020-11-27	$0.029	$0.029	USD	-	2020-11-25	2020-11-30	Monthly
2020-10-29	$0.033	$0.033	USD	-	2020-10-28	2020-10-30	Monthly
2020-09-29	$0.031	$0.031	USD	-	2020-09-28	2020-09-30	Monthly
2020-08-28	$0.029	$0.029	USD	-	2020-08-27	2020-08-31	Monthly
2020-07-30	$0.031	$0.031	USD	-	2020-07-29	2020-07-31	Monthly
2020-06-29	$0.028	$0.028	USD	-	2020-06-26	2020-06-30	Monthly
2020-05-28	$0.030	$0.030	USD	-	2020-05-27	2020-05-29	Monthly
2020-04-29	$0.029	$0.029	USD	-	2020-04-28	2020-04-30	Monthly
2020-03-30	$0.034	$0.034	USD	-	2020-03-27	2020-03-31	Monthly
2020-02-27	$0.032	$0.032	USD	-	2020-02-26	2020-02-28	Monthly
2020-01-30	$0.037	$0.037	USD	-	2020-01-29	2020-01-31	Monthly
2019-12-30	$0.036	$0.036	USD	-	2019-12-27	2019-12-31	Monthly
2019-11-27	$0.036	$0.036	USD	-	2019-11-26	2019-11-29	Monthly
2019-10-30	$0.038	$0.038	USD	-	2019-10-29	2019-10-31	Monthly
2019-09-27	$0.036	$0.036	USD	-	2019-09-26	2019-09-30	Monthly
2019-08-29	$0.042	$0.042	USD	-	2019-08-28	2019-08-30	Monthly
2019-07-30	$0.040	$0.040	USD	-	2019-07-29	2019-07-31	Monthly
2019-06-28	$0.038	$0.038	USD	-	-	-	-
2019-05-30	$0.045	$0.045	USD	2019-06-03	2019-05-29	2019-05-31	Monthly
2019-04-29	$0.041	$0.041	USD	2019-05-01	2019-04-26	2019-04-30	Monthly
2019-03-28	$0.041	$0.041	USD	2019-04-01	2019-03-27	2019-03-29	Monthly
2019-02-27	$0.038	$0.038	USD	2019-03-01	2019-02-26	2019-02-28	Monthly
2019-01-30	$0.040	$0.040	USD	2019-02-01	2019-01-29	2019-01-31	Monthly
2018-12-28	$0.040	$0.040	USD	2019-01-02	2018-12-27	2018-12-31	Monthly
2018-11-29	$0.043	$0.043	USD	2018-12-03	2018-11-28	2018-11-30	Monthly
2018-10-30	$0.041	$0.041	USD	2018-11-02	2018-10-29	2018-10-31	Monthly
2018-09-28	$0.035	$0.035	USD	-	-	-	-
2018-08-30	$0.046	$0.046	USD	2018-09-03	2018-08-29	2018-08-31	Monthly
2018-07-30	$0.039	$0.039	USD	2018-08-02	2018-07-27	2018-07-31	Monthly
2018-06-29	$0.039	$0.039	USD	-	-	-	-
2018-05-30	$0.039	$0.039	USD	2018-06-02	2018-05-29	2018-05-31	Monthly
2018-04-27	$0.033	$0.033	USD	2018-05-02	2018-04-26	2018-04-30	Monthly
2018-03-29	$0.037	$0.037	USD	-	-	-	-
2018-02-27	$0.031	$0.031	USD	2018-03-02	2018-02-26	2018-02-28	Monthly
2018-01-30	$0.035	$0.035	USD	2018-02-02	2018-01-29	2018-01-31	Monthly
2017-12-29	$0.035	$0.035	USD	-	-	-	-
2017-11-29	$0.031	$0.031	USD	2017-12-02	2017-11-28	2017-11-30	Monthly
2017-10-30	$0.032	$0.032	USD	2017-11-02	2017-10-27	2017-10-31	Monthly
2017-09-29	$0.034	$0.034	USD	-	-	-	-
2017-08-30	$0.035	$0.035	USD	2017-09-04	2017-08-29	2017-08-31	Monthly
2017-07-31	$0.033	$0.033	USD	-	-	-	-
2017-06-29	$0.035	$0.035	USD	2017-07-03	2017-06-28	2017-06-30	Monthly
2017-05-30	$0.034	$0.034	USD	2017-06-02	2017-05-26	2017-05-31	Monthly
2017-04-28	$0.032	$0.032	USD	-	-	-	-
2017-03-30	$0.036	$0.036	USD	2017-05-04	2017-03-29	2017-03-31	Monthly
2017-02-27	$0.031	$0.031	USD	2017-05-04	2017-02-24	2017-02-28	Monthly
2017-01-30	$0.032	$0.032	USD	2017-05-04	2017-01-27	2017-01-31	Monthly
2016-12-30	$0.036	$0.036	USD	-	-	-	-
2016-11-30	$0.035	$0.035	USD	-	-	-	-
2016-10-31	$0.034	$0.034	USD	-	-	-	-
2016-09-30	$0.038	$0.038	USD	-	-	-	-
2016-08-31	$0.037	$0.037	USD	-	-	-	-
2016-07-29	$0.035	$0.035	USD	-	-	-	-
2016-06-30	$0.032	$0.032	USD	-	-	-	-
2016-05-31	$0.034	$0.034	USD	-	-	-	-
2016-04-29	$0.033	$0.033	USD	-	-	-	-
2016-03-31	$0.032	$0.032	USD	-	-	-	-
2016-02-29	$0.031	$0.031	USD	-	-	-	-
2016-01-29	$0.028	$0.028	USD	-	-	-	-
2015-12-31	$0.035	$0.035	USD	-	-	-	-
2015-11-30	$0.030	$0.030	USD	-	-	-	-
2015-10-30	$0.032	$0.032	USD	-	-	-	-
2015-09-30	$0.032	$0.032	USD	-	-	-	-
2015-08-31	$0.031	$0.031	USD	-	-	-	-
2015-07-31	$0.036	$0.036	USD	-	-	-	-
2015-06-30	$0.031	$0.031	USD	-	-	-	-
2015-05-29	$0.034	$0.034	USD	-	-	-	-
2015-04-30	$0.033	$0.033	USD	-	-	-	-
2015-03-31	$0.034	$0.034	USD	-	-	-	-
2015-02-27	$0.031	$0.031	USD	-	-	-	-
2015-01-30	$0.033	$0.033	USD	-	-	-	-
2014-12-31	$0.036	$0.036	USD	-	-	-	-
2014-11-28	$0.030	$0.030	USD	-	-	-	-
2014-10-31	$0.031	$0.031	USD	-	-	-	-
2014-09-30	$0.029	$0.029	USD	-	-	-	-
2014-08-29	$0.034	$0.034	USD	-	-	-	-
2014-07-31	$0.033	$0.033	USD	-	-	-	-
2014-06-30	$0.031	$0.031	USD	-	-	-	-
2014-05-30	$0.032	$0.032	USD	-	-	-	-
2014-04-30	$0.032	$0.032	USD	-	-	-	-
2014-03-31	$0.033	$0.033	USD	-	-	-	-
2014-02-28	$0.029	$0.029	USD	-	-	-	-
2014-01-31	$0.030	$0.030	USD	-	-	-	-
2013-12-31	$0.030	$0.030	USD	-	-	-	-
2013-11-29	$0.030	$0.030	USD	-	-	-	-
2013-10-31	$0.029	$0.029	USD	-	-	-	-
2013-09-30	$0.030	$0.030	USD	-	-	-	-
2013-08-30	$0.030	$0.030	USD	-	-	-	-
2013-07-31	$0.026	$0.026	USD	-	-	-	-
2013-06-28	$0.029	$0.029	USD	-	-	-	-
2013-05-31	$0.031	$0.031	USD	-	-	-	-
2013-04-30	$0.031	$0.031	USD	-	-	-	-
2013-03-28	$0.030	$0.030	USD	-	-	-	-
2013-02-28	$0.030	$0.030	USD	-	-	-	-
2013-01-31	$0.032	$0.032	USD	-	-	-	-
2012-12-31	$0.037	$0.037	USD	-	-	-	-
2012-11-30	$0.034	$0.034	USD	-	-	-	-
2012-10-31	$0.035	$0.035	USD	-	-	-	-
2012-09-28	$0.034	$0.034	USD	-	-	-	-
2012-08-31	$0.039	$0.039	USD	-	-	-	-
2012-07-31	$0.036	$0.036	USD	-	-	-	-
2012-06-29	$0.034	$0.034	USD	-	-	-	-
2012-05-31	$0.036	$0.036	USD	-	-	-	-
2012-04-30	$0.033	$0.033	USD	-	-	-	-
2012-03-30	$0.036	$0.036	USD	-	-	-	-
2012-02-29	$0.036	$0.036	USD	-	-	-	-

T. Rowe Price Floating Rate Fund NMFQS:PRFRX