T. Rowe Price Institutional Floating Rate Fund Class F (PFFRX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PFFRX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PFFRX
PFFRX charges 0.70% annually. There are 12 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | PFFRX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | PFFRX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | PFFRX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | PFFRX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | PFFRX vs LFRIX |
Best Risk-Adjusted Alternatives to PFFRX
PFFRX has a PortfoliosLab risk / return rank of 87. There are 9 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | PFFRX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | PFFRX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | PFFRX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 96 | — | Feb 2006 | PFFRX vs SAMBX | |
| PGIM Floating Rate Income Fund | 94 | — | Mar 2011 | PFFRX vs FRFZX |
Top Performing PFFRX Alternatives (YTD)
PFFRX is at 1.43% YTD. There are 20 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.22% | — | Dec 2009 | PFFRX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 2.93% | — | Jan 2017 | PFFRX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.55% | — | Feb 2006 | PFFRX vs SAMBX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | PFFRX vs FRFZX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.19% | — | Jun 2023 | PFFRX vs CAPIX |
Lowest Volatility Alternatives to PFFRX
PFFRX has 2.33% 1-year volatility. There are 19 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | PFFRX vs RCRIX | |
| Payden Floating Rate Fund | 1.23% | — | Nov 2013 | PFFRX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.34% | — | Sep 2013 | PFFRX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.65% | — | Oct 2014 | PFFRX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | PFFRX vs FLOTX |
Lowest Drawdown Alternatives to PFFRX
PFFRX has a 1-year max drawdown of -1.46%. There are 20 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | PFFRX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | PFFRX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | PFFRX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | PFFRX vs PSFIX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | PFFRX vs CFOIX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 16 | 4.00% | — | Jun 1993 | PFFRX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 44 | 5.48% | — | Jun 1986 | PFFRX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 38 | 7.36% | — | Dec 1992 | PFFRX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 62 | 11.33% | — | Nov 1994 | PFFRX vs PRCOX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 13 | 0.23% | — | Sep 1985 | PFFRX vs PRWAX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 65 | 10.79% | — | Mar 1990 | PFFRX vs PREIX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 17 | 4.07% | — | — | PFFRX vs TBCIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 15 | 3.32% | — | Oct 2001 | PFFRX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 90 | 41.44% | — | Sep 1987 | PFFRX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 29 | 8.73% | — | Feb 2004 | PFFRX vs TRRJX |
Compare PFFRX with Any Fund or Stock
Compare PFFRX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PFFRX with funds that move differently
T. Rowe Price Institutional Floating Rate Fund Class F alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFFRX.
Explore PFFRX Diversifiers