Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
2.2%
1 yr return
11.3%
3 Yr Avg Return
6.0%
5 Yr Avg Return
N/A
Net Assets
$3.99 B
Holdings in Top 10
23.9%
Expense Ratio 0.57%
Front Load N/A
Deferred Load N/A
Turnover 62.60%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The fund will normally invest 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. Most, if not all, of the loans in which the fund invests are rated below investment grade (below BBB, or an equivalent rating) or are not rated by established credit rating agencies (commonly referred to as “high yield” or “junk” bonds). The loans in which the fund invests may be referred to as “leveraged loans” because the borrowing companies often have significantly more debt than equity.
Most assets will typically be invested in U.S. dollar-denominated floating rate loans and debt instruments, including U.S. dollar-denominated bonds or loans of foreign issuers or lenders. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated investments.
Period | TRAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.4% | 4.8% | 61.98% |
1 Yr | 11.3% | -6.1% | 21.5% | 20.91% |
3 Yr | 6.0%* | -5.8% | 7.3% | 6.40% |
5 Yr | N/A* | -7.2% | 37.3% | 8.30% |
10 Yr | N/A* | -2.0% | 19.3% | 14.42% |
* Annualized
Period | TRAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -12.0% | 17.3% | 54.75% |
2022 | -5.9% | -22.9% | 5.1% | 21.88% |
2021 | 0.6% | -12.2% | 12.0% | 74.80% |
2020 | N/A | -14.1% | 289.8% | N/A |
2019 | N/A | -8.1% | 14.6% | N/A |
Period | TRAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -1.4% | 4.8% | 61.98% |
1 Yr | 11.3% | -6.1% | 21.5% | 20.91% |
3 Yr | 6.0%* | -5.8% | 7.3% | 6.40% |
5 Yr | N/A* | -7.2% | 37.3% | 11.55% |
10 Yr | N/A* | -2.0% | 19.3% | 14.83% |
* Annualized
Period | TRAZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.9% | -12.0% | 30.3% | 33.08% |
2022 | -0.2% | -22.9% | 5.1% | 5.47% |
2021 | 5.2% | -10.2% | 19.4% | 33.60% |
2020 | N/A | -14.1% | 306.9% | N/A |
2019 | N/A | -3.6% | 23.8% | N/A |
TRAZX | Category Low | Category High | TRAZX % Rank | |
---|---|---|---|---|
Net Assets | 3.99 B | 29.9 M | 13.5 B | 12.69% |
Number of Holdings | 316 | 2 | 1605 | 54.24% |
Net Assets in Top 10 | 939 M | -191 M | 2.48 B | 6.64% |
Weighting of Top 10 | 23.92% | 5.2% | 100.8% | 16.30% |
Weighting | Return Low | Return High | TRAZX % Rank | |
---|---|---|---|---|
Bonds | 95.67% | 0.00% | 161.82% | 40.22% |
Cash | 8.45% | -61.90% | 18.85% | 18.08% |
Preferred Stocks | 0.07% | -3.99% | 6.42% | 19.93% |
Other | 0.00% | -52.39% | 26.58% | 45.76% |
Stocks | 0.00% | 0.00% | 100.78% | 97.42% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 81.41% |
Weighting | Return Low | Return High | TRAZX % Rank | |
---|---|---|---|---|
Corporate | 90.40% | 0.00% | 141.23% | 44.24% |
Cash & Equivalents | 8.45% | 0.00% | 25.03% | 18.45% |
Derivative | 0.00% | -8.79% | 1.12% | 34.69% |
Securitized | 0.00% | 0.00% | 91.68% | 86.25% |
Municipal | 0.00% | 0.00% | 0.47% | 73.61% |
Government | 0.00% | 0.00% | 3.18% | 78.81% |
Weighting | Return Low | Return High | TRAZX % Rank | |
---|---|---|---|---|
US | 95.09% | 0.00% | 144.71% | 35.42% |
Non US | 0.57% | 0.00% | 63.23% | 47.23% |
TRAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.57% | 0.03% | 12.26% | 98.17% |
Management Fee | 0.55% | 0.00% | 1.89% | 23.02% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.02% | 0.27% | 80.00% |
TRAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
TRAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TRAZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 62.60% | 4.00% | 180.00% | 52.73% |
TRAZX | Category Low | Category High | TRAZX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.09% | 13.26% |
TRAZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
TRAZX | Category Low | Category High | TRAZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.68% | 1.77% | 9.82% | 15.04% |
TRAZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 31, 2024 | $0.074 | OrdinaryDividend |
Feb 29, 2024 | $0.070 | OrdinaryDividend |
Jan 31, 2024 | $0.075 | OrdinaryDividend |
Dec 29, 2023 | $0.078 | OrdinaryDividend |
Nov 30, 2023 | $0.074 | OrdinaryDividend |
Oct 31, 2023 | $0.073 | OrdinaryDividend |
Sep 29, 2023 | $0.076 | OrdinaryDividend |
Aug 31, 2023 | $0.077 | OrdinaryDividend |
Jul 31, 2023 | $0.071 | OrdinaryDividend |
Jun 30, 2023 | $0.075 | OrdinaryDividend |
May 31, 2023 | $0.072 | OrdinaryDividend |
Apr 28, 2023 | $0.064 | OrdinaryDividend |
Mar 31, 2023 | $0.075 | OrdinaryDividend |
Feb 28, 2023 | $0.067 | OrdinaryDividend |
Jan 31, 2023 | $0.064 | OrdinaryDividend |
Dec 30, 2022 | $0.069 | OrdinaryDividend |
Nov 30, 2022 | $0.061 | OrdinaryDividend |
Oct 31, 2022 | $0.054 | OrdinaryDividend |
Sep 30, 2022 | $0.054 | OrdinaryDividend |
Aug 31, 2022 | $0.051 | OrdinaryDividend |
Jul 29, 2022 | $0.046 | OrdinaryDividend |
Jun 30, 2022 | $0.041 | OrdinaryDividend |
May 31, 2022 | $0.038 | OrdinaryDividend |
Apr 29, 2022 | $0.037 | OrdinaryDividend |
Mar 31, 2022 | $0.038 | OrdinaryDividend |
Feb 28, 2022 | $0.034 | OrdinaryDividend |
Jan 31, 2022 | $0.034 | OrdinaryDividend |
Dec 31, 2021 | $0.038 | OrdinaryDividend |
Nov 30, 2021 | $0.036 | OrdinaryDividend |
Oct 29, 2021 | $0.038 | OrdinaryDividend |
Sep 30, 2021 | $0.037 | OrdinaryDividend |
Aug 31, 2021 | $0.036 | OrdinaryDividend |
Jul 30, 2021 | $0.038 | OrdinaryDividend |
Jun 30, 2021 | $0.036 | OrdinaryDividend |
May 28, 2021 | $0.036 | OrdinaryDividend |
Apr 30, 2021 | $0.038 | OrdinaryDividend |
Mar 31, 2021 | $0.039 | OrdinaryDividend |
Feb 26, 2021 | $0.032 | OrdinaryDividend |
Jan 29, 2021 | $0.035 | OrdinaryDividend |
Dec 31, 2020 | $0.046 | OrdinaryDividend |
Nov 30, 2020 | $0.035 | OrdinaryDividend |
Oct 30, 2020 | $0.040 | OrdinaryDividend |
Sep 30, 2020 | $0.038 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
May 01, 2009
13.09
13.1%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 21.18 | 6.0 | 3.25 |
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