T. Rowe Price Floating Rate Fund (PRFRX)
The fund will normally invest 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 and commonly referred to as “junk”) or are not rated by established credit rating agencies.
Fund Info
US87279B1061
87279B106
Jul 29, 2011
$2,500
Expense Ratio
PRFRX has an expense ratio of 0.75%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
T. Rowe Price Floating Rate Fund (PRFRX) returned 1.46% year-to-date (YTD) and 7.10% over the past 12 months. Over the past 10 years, PRFRX returned 4.54% annually, underperforming the S&P 500 benchmark at 10.79%.
PRFRX
1.46%
2.14%
2.75%
7.10%
7.18%
4.54%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of PRFRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.62% | 0.21% | -0.29% | 0.04% | 0.87% | 1.46% | |||||||
| 2024 | 0.62% | 0.79% | 0.72% | 0.59% | 0.98% | 0.42% | 0.93% | 0.65% | 0.53% | 0.77% | 1.06% | 0.42% | 8.80% |
| 2023 | 2.52% | 0.44% | 0.20% | 0.74% | -0.25% | 2.07% | 1.24% | 1.08% | 0.52% | 0.06% | 1.50% | 1.64% | 12.36% |
| 2022 | 0.19% | -0.56% | 0.01% | 0.11% | -2.32% | -2.37% | 2.45% | 1.25% | -2.11% | 1.10% | 1.26% | 0.34% | -0.79% |
| 2021 | 0.83% | 0.49% | 0.14% | 0.55% | 0.43% | 0.30% | 0.02% | 0.43% | 0.54% | 0.33% | -0.31% | 0.76% | 4.61% |
| 2020 | 0.18% | -1.32% | -10.11% | 4.09% | 3.16% | 0.09% | 2.21% | 0.75% | 0.23% | 0.14% | 1.82% | 1.25% | 1.75% |
| 2019 | 2.23% | 1.44% | -0.09% | 1.57% | -0.15% | 0.39% | 0.73% | 0.02% | 0.48% | -0.12% | 0.58% | 1.09% | 8.46% |
| 2018 | 0.66% | -0.09% | 0.28% | 0.34% | -0.01% | -0.01% | 0.71% | 0.47% | 0.56% | 0.01% | -0.69% | -2.27% | -0.08% |
| 2017 | 0.42% | 0.31% | 0.06% | 0.42% | 0.34% | -0.05% | 0.74% | -0.25% | 0.45% | 0.52% | 0.11% | 0.36% | 3.49% |
| 2016 | -0.12% | -0.41% | 2.23% | 1.27% | 0.66% | -0.18% | 1.28% | 0.58% | 0.59% | 0.45% | 0.15% | 0.97% | 7.71% |
| 2015 | 0.33% | 1.33% | 0.54% | 0.73% | 0.24% | -0.19% | 0.36% | -0.69% | -0.49% | 0.23% | -0.71% | -0.46% | 1.21% |
| 2014 | 0.50% | 0.19% | 0.23% | 0.12% | 0.42% | 0.50% | -0.17% | 0.34% | -0.70% | 0.31% | 0.40% | -0.84% | 1.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, PRFRX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Floating Rate Fund (PRFRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
T. Rowe Price Floating Rate Fund provided a 7.73% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.76 | $0.77 | $0.47 | $0.37 | $0.38 | $0.47 | $0.46 | $0.40 | $0.41 | $0.39 | $0.38 |
Dividend yield | 7.73% | 8.18% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.05 | $0.05 | $0.05 | $0.00 | $0.21 | |||||||
| 2024 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.76 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.77 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.47 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.41 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Floating Rate Fund was 20.05%, occurring on Mar 23, 2020. Recovery took 174 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.05% | Jan 21, 2020 | 44 | Mar 23, 2020 | 174 | Nov 27, 2020 | 218 |
| -5.6% | Jan 24, 2022 | 113 | Jul 6, 2022 | 130 | Jan 10, 2023 | 243 |
| -5.01% | Aug 2, 2011 | 17 | Aug 24, 2011 | 129 | Feb 29, 2012 | 146 |
| -3.46% | Nov 13, 2018 | 30 | Dec 27, 2018 | 38 | Feb 22, 2019 | 68 |
| -3.26% | Aug 3, 2015 | 142 | Feb 24, 2016 | 36 | Apr 15, 2016 | 178 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...