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T. Rowe Price Institutional Floating Rate Fund (RPIFX)

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9.49 +0.01    +0.11%
14/11 - Delayed Data. Currency in USD
  • Morningstar Rating:
  • Total Assets: 3.9B
Type:  Fund
Market:  United States
Issuer:  T. Rowe Price
Asset Class:  Other
T. Rowe Price Instl Floating Rate 9.49 +0.01 +0.11%

RPIFX Overview

 
On this page you'll find an in-depth profile of T. Rowe Price Institutional Floating Rate Fund. Learn about the key management, total assets, investment strategy and contact information of RPIFX among other information.
Category

Bank Loan

Total Assets

3.9B

Expenses

0.57%

Inception Date

39478

Investment Strategy

The investment seeks high current income and, secondarily, capital appreciation. The fund invests 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. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated investments.

Contact Information

Address The Gate, Level 15, Office 24
Dubai,Dubai XXXXXX
United Arab Emirates
Phone 97 14 401 9266

Top Executives

Name Title Since Until
Paul M. Massaro Chairman 2009 Now
Biography Paul Massaro is a vice president of T. Rowe Price Group, Inc.; T. Rowe Price Associates, Inc.; and T. Rowe Price Trust Company. He is a portfolio manager for high yield strategies in the Fixed Income Division. Paul is executive vice president of the T. Rowe Price Institutional Income Funds, Inc.; and the T. Rowe Price Floating Rate Fund, Inc. He also is chairman of the Investment Advisory Committee and portfolio manager of the Floating Rate and Institutional Floating Rate Funds. Prior to joining T. Rowe Price in 2003, Paul worked in equity research at Banc of America Securities and at J.P. Morgan Chase, both in New York. He earned a B.S. in business management from Cornell University and an M.B.A. in finance and strategic management from The Wharton School, University of Pennsylvania. Paul also has earned the Chartered Financial Analyst designation.
Justin J. Gerbereux - 2009 2013
Biography Gerbereux joined T. Rowe Price in 2003 and his investment experience dates from 1999.
Mark J. Vaselkiv Credit Analyst 2008 2009
Biography Mark Vaselkiv is chief investment officer of Fixed Income at T. Rowe Price. He is lead portfolio manager of the firm's Global High Yield and Global High Income Strategies as well as head of the Global High Yield team in the Fixed Income Division. He is additionally a member of both the Fixed Income Steering Committee and the firm's Asset Allocation Committee. Mr. Vaselkiv is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. He started at the firm in 1988 as a high yield corporate credit analyst with a special focus on forest products and gaming and was appointed to the high yield portfolio management team in 1996. He began his investment career in 1984 as a credit analyst for Prudential Insurance Company. In 1986, he became a credit analyst and vice president at Shenkman Capital Management. Mr. Vaselkiv earned a B.A. in political science from Wheaton College, Illinois, and an M.B.A. in finance from New York University, Leonard N. Stern School of Business.
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