T. Rowe Price Institutional Floating Rate Fund (RPIFX)

10.26
Net Asset Value
0.00%
1 Day
-0.29%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
0.56%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income and, secondarily, capital appreciation. The fund invests at least 80% of net assets 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. It may invest up to 20% of its net assets in fixed rate debt securities. The fund's weighted average maturity generally is expected to be in the 4- to 8-year range. It may invest up to 20% of its total assets in non-U.S. dollar-denominated loans and debt securities.

Performance

1 month+0.10% 3 years+4.47%
3 months+0.46% 5 years+8.88%
1 year+3.72% Since inception+6.23%
Data through --

Peer Comparisonvs. Bank loan

 RPIFXCategory
Performance 5-yr return+8.88%+10.83%
Expense ratio0.56%1.15%
Risk 5 year sharpe ratio1.881.89
Net assets$3.6B$3.0B
Average market cap----
Average P/E----
Portfolio turnover83%83%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenurePaul Massaro / 4 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income81.32%
Cash18.69%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 100.00%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Energy 0.00%
Top 10 Holdings
Portfolio weighting
Holdings not available.

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