T. Rowe Price Floating Rate Fund (PRFRX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Expenses/Minimums
Fees & Expenses
Expense Ratio as of 05/31/2016
See Note
Transaction Fee No
Redemption Fee* 2%
12b-1 Fee 0%
Note about the fund's expense ratio:
The fund's gross expense ratio as of its fiscal year ended 05/31/2016 was 0.79%. To protect the interests of shareholders, T. Rowe Price Associates will waive its fees and/or bear any expenses that would cause the fund's expense ratio to exceed 0.78%. This contractual expense limitation expires on 09/30/2017. Fees waived and expenses paid under this agreement are subject to reimbursement to T. Rowe Price Associates, Inc. by the fund whenever the fund's expense ratio is below 0.78%. The fund's expense limitation does not cover borrowing expenses of 0.01% related to the fund's line of credit. As a result, the fund's net expense ratio was 0.79%.
*On shares held 90 days or less.
This is a No-Load Fund
Front-End Load None
Back-End Load None
Load History N/A
Account Minimums
To Open an Account $2,500
To Add to an Account $100
To Open an IRA Account $1,000
To Add to an IRA Account $100
Systematic Purchase Minimum $100
Per account per transaction after opening minimum is satisfied.
See Glossary for additional details on all data elements.