PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
T. Rowe Price Institutional Floating Rate Fund (RP...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US77958B4023

Issuer

T. Rowe Price

Inception Date

Jan 30, 2008

Category

Bank Loan

Min. Investment

$1,000,000

Asset Class

Bond

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.


Popular comparisons:
RPIFX vs. PRPIX RPIFX vs. FIQSX RPIFX vs. RPLCX RPIFX vs. PREMX RPIFX vs. PBDIX RPIFX vs. BKLN RPIFX vs. VCIT RPIFX vs. OCSL RPIFX vs. TRBUX RPIFX vs. AVUV
Popular comparisons:
RPIFX vs. PRPIX RPIFX vs. FIQSX RPIFX vs. RPLCX RPIFX vs. PREMX RPIFX vs. PBDIX RPIFX vs. BKLN RPIFX vs. VCIT RPIFX vs. OCSL RPIFX vs. TRBUX RPIFX vs. AVUV

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Institutional Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.48%
12.33%
RPIFX (T. Rowe Price Institutional Floating Rate Fund)
Benchmark (^GSPC)

Returns By Period

T. Rowe Price Institutional Floating Rate Fund had a return of 7.80% year-to-date (YTD) and 10.39% in the last 12 months. Over the past 10 years, T. Rowe Price Institutional Floating Rate Fund had an annualized return of 4.83%, while the S&P 500 had an annualized return of 11.13%, indicating that T. Rowe Price Institutional Floating Rate Fund did not perform as well as the benchmark.


RPIFX

YTD

7.80%

1M

0.89%

6M

4.49%

1Y

10.39%

5Y (annualized)

5.66%

10Y (annualized)

4.83%

^GSPC (Benchmark)

YTD

24.05%

1M

1.08%

6M

11.50%

1Y

30.38%

5Y (annualized)

13.77%

10Y (annualized)

11.13%

Monthly Returns

The table below presents the monthly returns of RPIFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.75%0.81%0.64%0.72%1.00%0.45%0.84%0.68%0.55%0.79%7.80%
20232.52%0.36%0.23%0.87%-0.31%2.19%1.26%1.10%0.56%-0.01%1.51%1.64%12.54%
20220.20%-0.41%-0.07%0.03%-2.35%-2.39%2.55%1.26%-2.25%1.22%1.28%0.49%-0.58%
20210.84%0.49%0.15%0.55%0.43%0.32%0.03%0.43%0.54%0.34%-0.29%0.75%4.67%
20200.21%-1.37%-10.22%4.41%3.48%0.12%2.20%0.76%0.25%0.16%1.81%1.37%2.43%
20192.33%1.44%-0.04%1.49%-0.14%0.41%0.74%0.05%0.49%-0.09%0.61%1.21%8.82%
20180.79%0.05%0.19%0.48%0.01%0.01%0.73%0.50%0.58%0.02%-0.74%-2.20%0.40%
20170.45%0.36%0.10%0.34%0.46%-0.03%0.74%-0.13%0.37%0.65%0.04%0.38%3.79%
2016-0.20%-0.36%2.36%1.40%0.67%-0.24%1.38%0.58%0.59%0.45%0.17%0.99%8.03%
20150.37%1.34%0.56%0.85%0.18%-0.14%0.40%-0.64%-0.44%0.16%-0.68%-0.43%1.52%
20140.46%0.32%0.17%0.17%0.45%0.53%-0.04%0.28%-0.62%0.50%0.35%-0.80%1.75%
20130.87%0.24%0.83%0.63%-0.03%-0.73%1.36%-0.13%0.24%0.93%0.35%0.46%5.13%

Expense Ratio

RPIFX features an expense ratio of 0.57%, falling within the medium range.


Expense ratio chart for RPIFX: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of RPIFX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of RPIFX is 9898
Combined Rank
The Sharpe Ratio Rank of RPIFX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of RPIFX is 9999
Sortino Ratio Rank
The Omega Ratio Rank of RPIFX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of RPIFX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of RPIFX is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for T. Rowe Price Institutional Floating Rate Fund (RPIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for RPIFX, currently valued at 3.80, compared to the broader market-1.000.001.002.003.004.005.003.802.46
The chart of Sortino ratio for RPIFX, currently valued at 12.68, compared to the broader market0.005.0010.0012.683.31
The chart of Omega ratio for RPIFX, currently valued at 4.04, compared to the broader market1.002.003.004.004.041.46
The chart of Calmar ratio for RPIFX, currently valued at 14.07, compared to the broader market0.005.0010.0015.0020.0025.0014.073.55
The chart of Martin ratio for RPIFX, currently valued at 80.23, compared to the broader market0.0020.0040.0060.0080.00100.0080.2315.76
RPIFX
^GSPC

The current T. Rowe Price Institutional Floating Rate Fund Sharpe ratio is 3.80. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of T. Rowe Price Institutional Floating Rate Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
3.80
2.46
RPIFX (T. Rowe Price Institutional Floating Rate Fund)
Benchmark (^GSPC)

Dividends

Dividend History

T. Rowe Price Institutional Floating Rate Fund provided a 8.66% dividend yield over the last twelve months, with an annual payout of $0.82 per share. The fund has been increasing its distributions for 2 consecutive years.


4.00%5.00%6.00%7.00%8.00%9.00%$0.00$0.20$0.40$0.60$0.8020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.82$0.82$0.51$0.38$0.42$0.51$0.49$0.43$0.44$0.44$0.44$0.43

Dividend yield

8.66%8.66%5.51%3.95%4.30%5.12%5.17%4.32%4.32%4.46%4.37%4.21%

Monthly Dividends

The table displays the monthly dividend distributions for T. Rowe Price Institutional Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.07$0.07$0.07$0.07$0.07$0.06$0.07$0.07$0.06$0.06$0.00$0.68
2023$0.06$0.06$0.07$0.06$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.82
2022$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.05$0.05$0.05$0.06$0.06$0.51
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$0.38
2020$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.04$0.42
2019$0.04$0.04$0.05$0.05$0.05$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.51
2018$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.04$0.49
2017$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.43
2016$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.44
2015$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.44
2014$0.04$0.03$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.44
2013$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.43

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-1.40%
RPIFX (T. Rowe Price Institutional Floating Rate Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price Institutional 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 Institutional Floating Rate Fund was 22.53%, occurring on Dec 16, 2008. Recovery took 151 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.53%Jun 20, 2008124Dec 16, 2008151Jul 24, 2009275
-19.68%Feb 3, 202035Mar 23, 2020161Nov 9, 2020196
-6.25%May 5, 201178Aug 24, 2011109Jan 31, 2012187
-5.53%Jan 24, 2022112Jul 5, 2022131Jan 10, 2023243
-3.69%May 4, 201016May 25, 201074Sep 9, 201090

Volatility

Volatility Chart

The current T. Rowe Price Institutional Floating Rate Fund volatility is 0.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.83%
4.07%
RPIFX (T. Rowe Price Institutional Floating Rate Fund)
Benchmark (^GSPC)