T. Rowe Price Instl Floating Rate
100 East Pratt Street Baltimore MD 21202
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Phone: 800-638-8797
| Category: | Bank Loan | | Fund Family: | T. Rowe Price | | Net Assets: | 672.89M | | Year-to-Date Return: | N/A | | Yield: | % | | Morningstar Rating: | N/A | | Fund Inception Date: | 31-Jan-08 |
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Mark J. Vaselkiv
Lead Manager since
31-Jan-08 | | | Vaselkiv is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Group, heading taxable high-yield bond management. He serves as president of the T. Rowe Price High Yield Fund and chairman of the High Yield Fund Investment Advisory Committee. |
| Min Initial Investment: | $1,000,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks high current income and, secondarily, capital appreciation. The fund invests at least 80% of net assets in floating rate loans and debt securities. It may also invest up to 20% of net assets in fixed-rate debt securities, including short-term government and commercial debt obligations, investment-grade corporate bonds, mortgage- and asset-backed securities, and high-yield corporate bonds, often called "junk" bonds. |
| Last Dividend
(31-Oct-08):
| 0.06 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 70.00% | | Average for Category:
| 69.69% |
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| Expense | RPIFX | Category
Avg | | Total Expense Ratio: | 0.55%
| 1.41% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 3.16% | | Max Deferred Sales Load: | 0.00%
| 2.13% | | 3 Yr Expense Projection*: |
$176 | $636 | | 5 Yr Expense Projection*: |
$307 | $907 | | 10 Yr Expense Projection*: |
$689 | $1,845 |
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2.63% Nasdaq 0.00%
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