Morningstar rated the Floating Rate Fund among
funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable)
ending 06/30/2016, respectively.
Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating
is derived from a weighted average of the performance figures associated with a
fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics.
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.
1 For funds with at least a 3-year history, a Morningstar Rating is based on a risk-adjusted return measure
(including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance.
The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars,
the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of 1 fund
within this scale and rated separately.
Note about the fund's expense ratio:
The fund's gross expense ratio as of its fiscal year ended 05/31/2015 was
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 0.85%.
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 0.85%.
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
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results.
Share price, principal value, yield and return will vary and you may have a gain or loss when you sell your shares.
The Floating Rate Fund charges a 2%
redemption fee on shares held 90 days or less.
The performance information shown does not reflect the deduction of the redemption fee;
if it did, the performance would be lower.
2 The 30-day dividend yield represents the average daily dividends for the
30-day period, annualized and divided by the net asset values per share
at the end of the period; it is available the first quarter after the
fund's inception. The SEC standardized yield is computed under an SEC
standardized formula and reflects an estimated yield to maturity
(assuming all portfolio securities are held to maturity); it is
available the first month after the fund's inception.
3 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.
See Glossary for additional details on all data elements.
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