Price floating rate fund - prfrx

[bamboo1947]

I am researching floating rate funds. Does anybody out there invest in floating rate funds such as T ROWE PRICE (PRFRX). Also, any comments or suggestions are welcome.

 

[braumeister]

I have a position in Fidelity's fund, FFRHX. Seems to be one of the best (the Price fund appears to be too new to have a record). As long as interest rates stay so low, these funds should do pretty well with a reasonable degree of safety.

 

[Free To Canoe]

I am not researching them but here is an article that I think explains the basics.

The Intelligent Investor: Will 'Floating Rate' Funds Really Float? - WSJ.com