T. Rowe Price Floating Rate Fund, Inc. (PRFRX) Research
This fund ordinarily deploys a minimum of 80% of its total assets (including any capital obtained through borrowing for investment) into debt instruments with variable interest rates. These floating rate loans represent funds extended by financial institutions and other lenders to corporate borrowers or various entities. The vast majority, if not all, of the loans held by the fund are either classified as below investment grade (typically rated below BBB or an equivalent, often colloquially known as “junk” due to higher risk) or lack an official credit rating from recognized agencies.
Market snapshot
- Symbol
- PRFRX
- Price
- $9.09
- Day change
- 0.00%
- Market cap
- $4.0B
- P/E ratio
- 7.16x
- 52-week range
- 9.03-9.29
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- BlackRock Advantage Small Cap Core Fund - Class A (BDSAX)
- Eaton Vance Floating Rate I (EIBLX)
- Aristotle Floating Rate Income Fund Class I-2 (PLFDX)
- T. Rowe Price Summit Municipal Intrm I (PRTMX)
- JPMorgan SmartRetirement 2040 Fund Class A (SMTAX)
- JPMorgan SmartRetirement 2040 Fund Class C (SMTCX)
- JPMorgan SmartRetirement 2040 Fund Class R5 (SMTIX)
- JPMorgan SmartRetirement 2040 Fund Class I (SMTSX)
Open T. Rowe Price Floating Rate Fund, Inc. (PRFRX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.