The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRFRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PRFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This bank-loan fund maintains its edge.
Paul Olmsted
Senior Analyst
Summary
T. Rowe Price Floating Rate’s experienced manager, risk-aware approach, and strong decision-making rank it as a top offering in the bank-loan Morningstar Category.