PAFRX — T. Rowe Price Floating Rate Fund
Data updated: 2026-07-28
PAFRX — T. Rowe Price Floating Rate Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Corporate Bond · $4.05B AUM · 0.97% expense ratio · 4.3% 1-yr return. From SEC regulatory filings.
PAFRX Fund Overview
PAFRX — T. Rowe Price Floating Rate Fund is a US mutual fund managed by T. Rowe Price Floating Rate Fund, Inc., categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price Floating Rate Fund, Inc.
- Category: Intermediate Corporate Bond
- Assets under management: $4.05B
- 1-year return: 4.3%
- Ticker: PAFRX
- SEC CIK: 0001520245
- SEC series ID: S000033565
- Share class ID: C000103069
PAFRX Holdings
Top 10 holdings of T. Rowe Price Floating Rate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| T. Rowe Price Government Reserve Fund | 7.67% |
| Hologic Tl 2l Bankdebt | 1.71% |
| Truist Insurance Holding Tl 2l Bankdebt | 1.43% |
| Hub International Ltd. Tl B 1l Bankdebt | 1.35% |
| Alera Tl B 2l Bankdebt | 1.33% |
| Electronic Arts Tl B 1l Bankdebt | 1.23% |
| Sedgwick Cms, Inc. Tl B 1l USD Bankdebt | 1.15% |
| Ukg, Inc. Tl B 1l USD Bankdebt | 1.11% |
| Opella Tl B 1l Bankdebt | 1.09% |
| Nielsen Tl B 1l Bankdebt | 1.04% |
PAFRX Portfolio Allocation
Asset-class allocation of T. Rowe Price Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 86.9% |
| Fixed Income | 9.2% |
| Cash & Equivalents | 7.7% |
| Equity | 0.5% |
PAFRX Performance
Total returns for PAFRX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.0% |
| 1 year | 4.3% |
| 3 years (annualised) | 7.5% |
| 5 years (annualised) | 5.5% |
PAFRX Risk Information
Risk metrics for PAFRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
PAFRX Costs and Fees
PAFRX costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 1.07%
- Portfolio turnover: 107%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
PAFRX Cashflows
Over the 12 months to 2026-02, T. Rowe Price Floating Rate Fund had net outflows of $186.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$84.44M |
| 2026-01 | $6.08M |
| 2025-12 | $12.00M |
| 2025-11 | −$112.98M |
| 2025-10 | −$2.71M |
| 2025-09 | $25.57M |
PAFRX Debt Constituents
Largest debt holdings of T. Rowe Price Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Rivian Hld/auto LLC 144a | 0.87% |
| Maclean Tl B 2l Bankdebt | 0.44% |
| Cloud Software Grp, Inc. 144a | 0.40% |
| Neptune Bidco US, Inc. 144a | 0.36% |
| Vistra Corp. 144a | 0.30% |
| Apld Computeco 2 LLC 144a | 0.25% |
| Ukg, Inc. 144a | 0.25% |
| Lifepoint Health, Inc. 144a | 0.24% |
| Primo Brands Tl B 1l Bankdebt | 0.23% |
| Asurion Llc/asurion Co. 144a | 0.21% |
PAFRX Prospectus and SEC Filings
Official T. Rowe Price Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.