T. Rowe Price Floating Rate Fund

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Performance

The fund has returned 3.70 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 0.7%
1 Year 3.7%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks high current income and, secondarily, capital appreciation. 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. In many cases, they are issued in connection with recapitalizations, acquisitions, leveraged buyouts, and refinancings. Most, if not all, of the loans in which the fund invests are rated below investment-grade (BB and lower, or an equivalent rating) or are not rated by a major credit rating agency.

Fees

Fees are Low compared to funds in the same category.
T. Rowe Price Floating Rate Fund has an expense ratio of 0.96 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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