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Company Details

T. Rowe Price Floating Rate Fund, Inc.

PRFRX - NASDAQ

Identifiants & Marche

Ticker PRFRX
ISIN N/A
CIK 0001520245
Bourse NASDAQ
Devise USD

Classification

Secteur Financial Services
Industrie Asset Management

Entreprise

Pays US
Siege N/A
Fondee N/A
Site Web N/A

Description

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. Most, if not all, of the loans in which the fund invests are rated below investment grade (below BBB or an equivalent rating and commonly referred to as “junk”) or are not rated by established credit rating agencies.
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