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T. Rowe Price Floating Rate Fund (PRFRX)

US Funds

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9.31 0.00 0%

00:00:00 - Delayed Data. Currency in USD

Type: Fund

Market: United States

Asset Class: Other

Morningstar Rating:
Total Assets: 1.76B

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T. Rowe Price Floating Rate Fund Overview

On this page you'll find an in-depth profile of T. Rowe Price Floating Rate Fund. Learn about the key management, total assets, investment strategy and contact information of PRFRX among other information.

Investment Strategy

The investment seeks high current income and, secondarily, capital appreciation. The fund normally invests 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) or are not rated by established credit rating agencies.

Contact Information

Address The Gate, Level 15, Office 24
Dubai,Dubai XXXXXX
United Arab Emirates

Phone 97 14 401 9266

Web www.troweprice.com

Top Executives

Name	Title	Since	Until
Paul M. Massaro	Chairman	2011	Now
Biography	Paul Massaro is a vice president of T. Rowe Price Group, Inc.; T. Rowe Price Associates, Inc.; and T. Rowe Price Trust Company. He is a portfolio manager for high yield strategies in the Fixed Income Division. Paul is executive vice president of the T. Rowe Price Institutional Income Funds, Inc.; and the T. Rowe Price Floating Rate Fund, Inc. He also is chairman of the Investment Advisory Committee and portfolio manager of the Floating Rate and Institutional Floating Rate Funds. Prior to joining T. Rowe Price in 2003, Paul worked in equity research at Banc of America Securities and at J.P. Morgan Chase, both in New York. He earned a B.S. in business management from Cornell University and an M.B.A. in finance and strategic management from The Wharton School, University of Pennsylvania. Paul also has earned the Chartered Financial Analyst designation.
Justin J. Gerbereux	-	2011	2013
Biography	Gerbereux joined T. Rowe Price in 2003 and his investment experience dates from 1999.

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Recent Quotes

	Name	Price	Chg.	Chg. %
	T. Rowe Price Flo.	9.31	0.00	0%