# EDGAR Filing Document

**Accession Number:** 0001169187
**File Stem:** 0001193125-23-014015
**Filing Date:** 2023-1
**Character Count:** 167392
**Document Hash:** 8c2ff9e8a369d433357c8d84aec26e4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-014015.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001193125-23-014015

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**EFFECTIVENESS DATE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Institutional Income Funds, Inc.
- **CENTRAL INDEX KEY:** 0001169187
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21055
- **FILM NUMBER:** 23546892

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T ROWE PRICE INSTITUTIONAL INCOME FUNDS INC
- **DATE OF NAME CHANGE:** 20020314

## Series and Classes Contracts Data

### T. Rowe Price Institutional Floating Rate Fund (Series ID: S000020717)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000057839 | T. Rowe Price Institutional Floating Rate Fund         | RPIFX           |
| C000092115 | T. Rowe Price Institutional Floating Rate Fund-F Class | PFFRX           |
| C000219332 | T. Rowe Price Institutional Floating Rate Fund-Z Class | TRAZX           |

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

# **FORM N-CSR**

# **CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act File Number: 811-21055

T. Rowe Price Institutional Income Funds, Inc.
(Exact name of registrant as specified in charter)

100 East Pratt Street, Baltimore, MD 21202
(Address of principal executive offices)

David Oestreicher
100 East Pratt Street, Baltimore, MD 21202
(Name and address of agent for service)

Registrant's telephone number, including area code: (410) 345-2000

Date of fiscal year end: May 31

Date of reporting period: November 30, 2022

# ---**Item 1. Reports to Shareholders**

# **(a) Report pursuant to Rule 30e-1**

T.RowePrice®

SEMIANNUAL REPORT

November 30, 2022

T. ROWE PRICE

# Institutional Floating Rate Fund

For more insights from T. Rowe Price investment professionals,
go to troweprice.com.

INVEST WITH CONFIDENCE

- The Institutional Floating Rate Fund outperformed the benchmark S&P/LSTA Performing Loan Index and the Lipper peer group average for the six months ended November 30, 2022.

- Credit selection drove the portfolio's relative performance during our reporting period, which was especially strong in the financials and information technology segments.

- We increased the portfolio's holdings of high-conviction names among financials while reducing exposure to the health care industry.

## Go Paperless

Sign up for e-delivery of your statements, confirmations, and prospectuses or shareholder reports.

### TO ENROLL:

If you invest directly with T. Rowe Price, go to **troweprice.com/paperless**.

If you invest through an investment advisor, a bank, or a brokerage firm, please contact that organization and ask if it can provide electronic documentation.

**It's fast**-receive your statements and confirmations faster than U.S. mail.

**It's convenient**-access your important account documents whenever you need them.

**It's secure**-we protect your online accounts using 'True Identity' to confirm new accounts and make verification faster and more secure.

**It can save you money**-where applicable, T. Rowe Price passes on the cost savings to fund holders.*

* Certain mutual fund accounts that are assessed an annual account service fee can also save money by switching to e-delivery.

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

Market Commentary

# HIGHLIGHTS

We are optimistic that we can continue finding value in the loan market and believe our shareholders will be fairly compensated for remaining invested in the asset class through the challenging macro environment in the year ahead.

Global stock markets generally produced negative returns during the first half of your fund's fiscal year, the six-month period ended November 30, 2022, while rising bond yields weighed on returns for fixed income investors. Investors contended with tightening financial conditions and slowing

On a positive note, the U.S. jobs market remained resilient during the period, and overall economic growth turned positive in the third quarter after two slightly negative quarters. However, recession fears also grew as corporate earnings slowed and manufacturing gauges drifted toward

Log in to your account at troweprice.com for more information.

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

Management's Discussion of Fund Performance

## Dear Shareholder

economic and corporate earnings growth, but hopes that persistently high inflation might be easing behind, spark a rally. The fund seeks high current income and, secondarily, capital late in the period that partially offset earlier losses.

In the U.S., equity results were mixed. The Dow Jones Industrial Average recorded positive results and mid-

**FUND COMMENTARY** cap growth, but also performed well, while most other benchmarks finished in negative territory. The S&P 500 **How did the fund perform in the past six months?**

contraction levels. In addition, the housing market began to work out positions in United Airlines and American Airlines, which has been a major contributor to the highest level in more than 20 years. Consumers' willingness to spend on experiences and travel was a boon to the airlines industry. The past year has been a trying time for investors as few as people continued to venture out in greater numbers over the sectors remained untouched by the broad headwinds that markets faced, and volatility may continue in the near term as central banks tighten policy and moving economic growth.

![img-0.jpeg](img-0.jpeg)

1

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# **INVESTMENT OBJECTIVE**

Index was modestly negative for the period, but results varied. The Institutional Floating Rate Fund returned 1.57% in the six widely at the sector level, with industrials and energy shares months ended November 30, 2022, outperforming the Asset delivering strong gains while communication services stocks benchmark SAPILSTA Performing Loan Index and the LIAB 2022 struggled. Outside the U.S., most major country and regional open group average (Returns for F and Z Class shares varied significantly from 2.5% to 2.5%) emerging markets. 2.5% slightly, reflecting their different fee structures. Past performance shares in developed markets (Meanwhile, performance cannot guarantee future results). The U.S. dollar strengthened versus most currencies during 9.4 11.4 9.0

The portfolio's overweight in the airlines segment added value, construction decisions was another important driver of relative performance. In our view, valuations have become more attractive performance. The investment is a key factor in the investment across many market sectors during the downturn, which resulted in a strong exposure to the market. Events that provided potential opportunities for selective investors focused toward significantly lower during the period. Notable examples on fundamentals of assets we avoided the experienced weakness include

the investment in the market and provided a new management system. We augmented the portfolio's allocation to the financials

2

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

the period, which weighed on returns for U.S. investors in 65.2
Floating rate loans are subject to credit risk, the chance that
the following Ended 11/30/22 0.8% total loans
any valid holding could have its credit rating downgraded by
FCC dated and fully earned a leading concept for investors 0.8%
Total loans including loan losses in make timely payments 0.7%
throughout the period, although hopes that inflation may 0.2%
The balance of the loan is due to the chance that the
loans peaked tied to rallies during the summer and again in
the following Ended 11/30/22 1.8% total loans
November. The October consumer price index report which
shows a positive, reducing the funds income level and share

We also had a significant position in midstream services

investments, which is a 100% share of the share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of

3

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# RISKS OF INVESTING IN FLOATING RATE LOAN FUNDS

completeness, timeliness or availability of any Content and are

obligations about the company's performance and its performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance.

The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance. The company's performance is not to be a result of the company's performance.

4

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

United States and New Jersey, the United States of America, and the United States of America, are not a member of the United States. The United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of the United States, and the United States is a member of

Note to the S&P/LSTA for the following: 100% of the total

The following table provides the information in English:

![img-1.jpeg](img-1.jpeg)

As on 11/30/22

| - | Institutional Floating Rate Fund | $1,416,671 |
| --- | --- | --- |
| - | S&P/LSTA Performing Loan Index | 1,471,130 |
| - | Lipper Loan Participation Funds Average | 1,302,604 |

5

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# GROWTH OF $1 MILLION

mutual fund, averages and indexes

US$1,500,000

$1,500,000

acquired fund fees and expenses but does not include fees or expenses by waiver or recession. Against this backdrop, we believe the loan will be due to the fact that the fund is not a fund of the fund. We believe that the fund will be subject to a certain amount of funds. The fund will be subject to a certain amount of funds. The fund will be subject to a certain amount of funds. The fund will be subject to a certain amount of funds. The fund will be subject to a certain amount of funds.

6

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

(Unaudited)

# FUND EXPENSE EXAMPLE (CONTINUED)

International Class

Assessments and other measures to the Fund

Institutional Class

Institutional Class

In addition to the Fund, the Fund is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which

# NET ASSET VALUE

Beginning of period

Investment activities

# QUARTER-END RETURNS

and other funding for the Fund is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States, which is a member of the United States

7

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

(Unaudited)

Investments in the Secondary to Moody's and/or its licensors shares must be purchased through a financial intermediary and impose no 12th fee for many or more of the other companies. The payments at an annual rate of 12th% are not only made from the financial intermediary and the financial intermediary. The amount of the cash flows are not only made from the financial intermediary and the financial intermediary. The amount of the cash flows are not only made from the financial intermediary and the financial intermediary. The amount of the cash flows are not only made from the financial intermediary and the financial intermediary.

| NET ASSET VALUE | $(0.39) | $(0.39) | $(0.48) | $(0.48) | $(0.52) | $(0.44) |
| --- | --- | --- | --- | --- | --- | --- |
| Investment income |  |  |  |  |  |  |
| Investment activities |  |  |  |  |  |  |
| Net investment income (1)(2) | 0.28 | 0.38 | 0.39 | 0.46 | 0.51 | 0.43 |

The accompanying notes are an integral part of these financial statements.

8

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

(Unaudited)

SURSE 1.000.00 1,024.97 0.10
NOTES: The payment of the payment is not to be paid in the event of the date of the payment. The payment is not to be paid in the event of the date of the payment. The payment is not to be paid in the event of the date of the payment. The payment is not to be paid in the event of the date of the payment. The payment is not to be paid in the event of the date of the payment. The payment is not to be paid in the event of the date of the payment. The payment is not to be paid in the event of the date

Actual Expenses
Annual total return figures include changes in principal value reinvested
The first line of the following table (Actual) provides information about the actual account values and actual expenses. You may use the information on the shareholder may pay on the first line of the following table. The shareholder will pay on the first line of the following table. You may use the information on the shareholder may pay on the first line of the following table. You may use the information on the shareholder may pay on the first line of the following table. You may use the information on the shareholder may pay on the first line of the following table. You may use the information on the shareholder may pay on the first line of the following table. You may use the information on the shareholder may pay on the first line of the following table.

Ratios to average net assets: (1)
Investment activity
NET ASSET VALUE
Net investment income

0.30 0.44 0.45 0.10

The accompanying notes are an integral part of these financial statements.

9

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

November 30, 2022 (Unaudited)

Reproduction of any information,

Since Inception

11/30/22 1 Year 5 Years Purchase Inception $ Value
prohibited except with the prior written permission of the
(Amounts in 000s)

| End of period | 3.52% | 0.34% |
| --- | --- | --- |
| End of period | 0.57% (4) | 0.57% |
| End of period | 6.11% (4) | 3.98% |
| Net assets, end of period (in millions) | $1,269,290 | (0.54)% |
| Net assets, end of period (in millions) | $4,456 | $5,990 |
| Ratios to average net assets |  |  |
| Net assets, end of period (in millions) |  |  |
| Net assets, end of period (in millions) |  |  |

Hypothetical Example for Comparison Purposes

| ...Information on the second line of the table (Hypothetical) is based on hypothetical account values and expenses derived from the fund's actual expenses in 000s. | PartShares | $ Value |
| --- | --- | --- |
| ...Inception in the fund was other funds by contrasting the 5% hypothetical example and the 5% hypothetical examples that appear in the shareholder's share of the fund's fund's total value and expenses. |  |  |
| ...Inception in the fund was other funds by contrasting the 5% hypothetical example and the 5% hypothetical examples that appear in the shareholder's share of the fund's fund's total value and expenses. |  |  |
| ...Inception in the fund was other funds by contrasting the 5% hypothetical example and the 5% hypothetical examples that appear in the shareholder's share of the fund's fund's total value and expenses. |  |  |
| ...Inception in the fund was other funds by contrasting the 5% hypothetical example and the 5% hypothetical examples that appear in the shareholder's share of the fund's fund's total value and expenses. |  |  |

The accompanying notes are an integral part of these financial statements.

10

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| Fund-F Class | -0.56 | 2.90 | 3.42 | - |
| --- | --- | --- | --- | --- |
| Property Acquisition, FRN, 1M USD |  |  |  |  |
| Laboratory |  |  |  |  |
| LIBOR + 3.50%, 7.571%, 4/6/26 |  |  | Par/Shares | $/Value |
| Floating Rate |  |  |  |  |
| Property, FRN, 1M USD LIBOR + |  |  | 4.11% | 3/10/20 |
| 3.50% + 3.71% |  |  |  |  |
| 3 Payments by Price Associates |  |  | 0.64% | 0.64% |
| P.O. 1M USD |  |  |  |  |
| Price Associates has been able to get related arrangements with Price Associates |  |  |  |  |
| The following: The price is based on the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price |  |  |  |  |
| The price is based on the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price of the price |  |  |  |  |
| The price is based on the price of the price of |  |  |  |  |
| The price is based on the price of the price of |  |  |  |  |
| The price is based on the price of the price of |  |  |  |  |
| The price is based on the price of the price of |  |  |  |  |
| The price is based on the price of the price of |  |  |  |  |
| The price is based on the price of the price of |  |  |  |  |
| The price is based on the price of the price |  |  |  |  |

| may not be used to estimate the actual ending account balance or expenses you pay for the costs |  |  |  |  |
| --- | --- | --- | --- | --- |
|  | 33,134 | 30,991 |  |  |
| For the years, FRN, 1M USD LIBOR + | Par/Shares | $/Value |  |  |
| You should also be aware that the expenses shown are not liable highly |  |  |  |  |
| only 2% 2.31% FRN, 1M USD |  |  |  |  |
| and do not reflect any transaction costs, such as |  |  |  |  |
| reduction fees or sales loans therefore, the second line of the table is |  |  |  |  |
| there is no continuing, ongoing costs only and will not help you determine the |  |  |  |  |
| costs or continuing, ongoing costs only and will not help you determine the |  |  |  |  |
| costs or continuing, ongoing costs only and will not help you determine the |  |  |  |  |
| costs or continuing, ongoing costs only and will not help you determine the |  |  |  |  |
| costs or continuing, ongoing costs only and will not help you determine the |  |  |  |  |
| costs or continuing, ongoing costs only and will not help you determine the |  |  |  |  |
| costs or continuing, ongoing costs only and will not help you determine the |  |  |  |  |

11

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| on fund distributions or the redemption of fund shares. Past performance |  |  | 9.75%, 13.472%, 10/11/29 (3) | 9,435 | 9,152 |
| --- | --- | --- | --- | --- | --- |
| Per Share | 16,782 | 16,338 | Account, FRN, 1M TSFR + 5.75% |  |  |
| Voluntary Technologies, FRN, 3M TSFR | Par/Shares | $ Value | 9.375%, 2/15/27 (4) | Par/Shares | $ Value |
| + 4.25%, 8.494%, 4/23/29 | 7,070 | 52,488 | TSFR + 4.25%, 7.79%, 6/24/29 | 9,277 | 9,478 |
| Accounts, FRN, 3M USD |  |  | Account, FRN, 1M USD LIBOR + |  |  |
| All other liabilities, FRN, 3M USD |  |  | Voluntary Communications, FRN, 1M |  |  |
| On Sale Note 6 for details of expense-related arrangements with Price Associates |  |  | USD LIBOR + 2.75%, 7.471%, 2/15/28 | 8,728 | 8,156 |
| Less: 1.75% of the total, the rate that an investor would have earned on an investment | 15,984 | 15,566 | USD LIBOR + 2.75%, 7.471%, 2/15/28 | 5,247 | 5,149 |
| Less: 1.75% of the total, the rate that an investor would have earned on an investment | 54,200 | 59,800 | Accounts, FRN, 1M USD LIBOR + |  |  |
| Distributions and payment of no redemption or account fees, if applicable. |  |  | Accounts, FRN, 1M USD LIBOR + $ | 62,000 | 72,000 |
| Less: 1.75% of the total, the rate that an investor would have earned on an investment |  |  | Total, 1.75% of the total, the rate that an investor would have earned on an investment | 637,991 | 666,099 |
| Less: 1.75% of the total, the rate that an investor would have earned on an investment |  |  | Total, 1.75% of the total, the rate that an investor would have earned on an investment |  |  |
| Cashflow, FRN, 1M USD LIBOR + |  |  | Cashflow, FRN, 1M USD LIBOR + $ |  |  |
| Less: 1.75% of the total, the rate that an investor would have earned on an investment |  |  | Cashflow, FRN, 1M USD LIBOR + $ |  |  |

(2) Per share amounts calculated using average shares outstanding method.

(3) See Note 6 for details of expense-related arrangements with Price Associates.

(4) Total return reflects the rate that an investor would have earned on an investment in the fund during each period, assuming reinvestment of all

12

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日 | 6,144 | 6,000 |
| --- | --- | --- |
| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 | 6,144 | 6,000 |
| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 | 6,144 | 6,000 |

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

| 1. 2014年1月1日, 1月1 |
| --- |

<tr><td>1. 2014年1月1日, 1月1</td></tr></table></table>

| 1. 2014年1月1日, 1月1 |
| --- |

</table>

| 1. 2014年1月1日, 1月1 |
| --- |

</table>

| 1. 2014年1月1日, 1月1 |
| --- |

</table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table></table><tr><td>1. 2014年1月1日, 1月1</td></tr></table></table></table></table>

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |
| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 | 1. 2014年1月1日, 1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1 | 1. 2014年1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1 | 1. 2014年1月1 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014年1月1 | 1. 2014 |
| --- | --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1日, 1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table></table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table></table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table></table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table></table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table></table>

| 1. 2014年1月1 | 1. 2014 |
| --- | --- |

</table></table></table>

13

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND[{"box_2d": [69, 101, 490, 214], "label": "table", "caption": "

| 4.25% 8.813% 3/27/28 (CAD) | 6,440 | 4,440 |
| --- | --- | --- |
| 8.813% 8.813% 3/27/28 (CAD) | 13,000 | 8,000 |
| PARS DISBURSED 1/28/2025 | Par/Shares | $ Value |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |
| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table><tr></table><tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<tr><td>PARS DISBURSED 1/28/2025 (CAD) (3)</td><td>5,949</td><td>4,000</td></tr></table>

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

| PARS DISBURSED 1/28/2025 (CAD) (3) | 5,949 | 4,000 |
| --- | --- | --- |

<table><tr><td>PARS DISBURSED 1/28/2025 (

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| 14,865 | 13,906 |
| --- | --- |
| 5,750 | 5,900 |
| Par/Shares | $ Value |
| 4,790 | 4,645 |
| 23,000 | 23,000 |
| 15,500 | 13,944 |
| 12,000 | 12,000 |
| 10,000 | 10,000 |
| 15,250 | 13,542 |
| 8,465 | 8,390 |

| 4,795% | 4,001% | 2,000/28 | 16,797 | 16,000 |
| --- | --- | --- | --- | --- |
| 4,400% | 3,000% | 2,000/28 | 15,500 | 14,000 |
| 4,000% | 3,000% | 2,000/28 | 15,500 | 14,000 |
| 4,000% | 3,000% | 2,000/28 | 15,500 | 14,000 |
| 4,000% | 3,000% | 2,000/28 | 15,500 | 14,000 |

| 18,000 | 18,000 |
| --- | --- |
| 18,000 | 18,000 |
| 18,000 | 18,000 |
| 18,000 | 18,000 |
| 18,000 | 18,000 |
| 18,000 | 18,000 |

| 18,000 | 18,000 |
| --- | --- |
| 18,000 | 18,000 |
| 18,000 | 18,000 |

| 18,000 | 18,000 |
| --- | --- |
| 18,000 | 18,000 |

| 18,000 | 18,000 |
| --- | --- |
| 18,000 | 18,000 |

| 18,000 | 18,000 |
| --- | --- |
| 18,000 | 18,000 |

| 18,000 | 18,000 |
| --- | --- |
| 18,000 | 18,000 |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

<tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table>

| 18,000 | 18,000 |
| --- | --- |

</table><tr><td>18,000</td><td>18,000</td></tr></table></table>

| 18,000 | 18,000 |
| --- | --- |

</table><tr><td>18,000</td><td>18,000</td></tr></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table></table><tr><td>18,000</td><td>18,000</td></tr></table></table></table></table></table>

15

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| 4.75% 8.25% 9.00% 7.00% | 9.800 | 9.800 |
| --- | --- | --- |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 22.257 | 22.202 |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | Par/Shares | $/Value |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 24.248 | 24.248 |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 24.248 | 24.248 |

| 3.75% 7.00% 2.00% 1.00% | 27.4% | 26.8% |
| --- | --- | --- |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | Par/Shares | $/Value |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 14.8% | 13.5% |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 5.9% | 5.8% |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 6.9% | 6.8% |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 38.9% | 37.8% |
| USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/USD/ | 18.8% | 18.8% |

16

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| Balance | Par/Shares | 5 Value |
| --- | --- | --- |
| 10,840 | 10,840 | 10,840 |
| 55,980 | 55,980 | 55,980 |
| 45,223 | 684,061 | 45,223 |
| 18,387 | 9,880 | 18,387 |
| 1,852 | 18,449 | 1,852 |

| Balance | 6,257 | 5,410 |
| --- | --- | --- |
| 10,840 | 10,840 | 10,840 |
| 55,980 | 55,980 | 55,980 |
| 45,223 | 684,061 | 45,223 |
| 18,387 | 9,880 | 18,387 |
| 1,852 | 18,449 | 1,852 |

| Balance | 6,257 | 5,410 |
| --- | --- | --- |
| 10,840 | 10,840 | 10,840 |
| 55,980 | 55,980 | 55,980 |
| 45,223 | 684,061 | 45,223 |
| 18,387 | 9,880 | 18,387 |
| 1,852 | 18,449 | 1,852 |

| Balance | 6,257 | 5,410 |
| --- | --- | --- |
| 10,840 | 10,840 | 10,840 |
| 55,980 | 55,980 | 55,980 |
| 45,223 | 684,061 | 45,223 |
| 18,387 | 9,880 | 18,387 |

| Balance | 2,651 | 2,469 |
| --- | --- | --- |
| 10,840 | 7,484 | 9,088 |
| 55,980 | 1,300 | 1,193 |
| 45,223 | 8,588 | 8,584 |
| 18,387 | 13,810 | 17,580 |

17

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| Description | Amount | $ Value | $(Receipts) | $ Gain/(Loss) |
| --- | --- | --- | --- | --- |
| 1. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121. 122. 123. 124. 125. 126. 127. 128. 129. 130. 131. 132. 133. 134. 135. 136. 137. 138. 139. 140. 141. 142. 143. 144. 145. 146. 147. 148. 149. 150. 151. 152. 153. 154. 155. 156. 157. 158. 159. 160. 161. 162. 163. 164. 165. 166. 167. 168. 169. 170. 171. 172. 173. 174. 175. 176. 177. 178. 179. 180. 181. 182. 183. 184. 185. 186. 187. 188. 189. 190. 191. 192. 193. 194. 195. 196. 197. 198. 199. 200. 201. 202. 203. 204. 205. 206. 207. 208. 209. 210. 211. 212. 213. 214. 215. 216. 217. 218. 219. 220. 221. 222. 223. 224. 225. 226. 227. 228. 229. 230. 231. 232. 233. 234. 235. 236. 237. 238. 239. 240. 241. 242. 243. 244. 245. 246. 247. 248. 249. 250. 251. 252. 253. 254. 255. 256. 257. 258. 259. 260. 261. 262. 263. 264. 265. 266. 267. 268. 269. 270. 271. 272. 273. 274. 275. 276. 277. 278. 279. 280. 281. 282. 283. 284. 285. 286. 287. 288. 289. 290. 291. 292. 293. 294. 295. 296. 297. 298. 299. 300. 301. 302. 303. 304. 305. 306. 307. 308. 309. 310. 311. 312. 313. 314. 315. 316. 317. 318. 319. 320. 321. 322. 323. 324. 325. 326. 327. 328. 329. 330. 331. 332. 333. 334. 335. 336. 337. 338. 339. 340. 341. 342. 343. 344. 345. 346. 347. 348. 349. 350. 351. 352. 353. 354. 355. 356. 357. 358. 359. 360. 361. 362. 363. 364. 365. 366. 367. 368. 369. 370. 371. 372. 373. 374. 375. 376. 377. 378. 379. 380. 381. 382. 383. 384. 385. 386. 387. 388. 389. 390. 391. 392. 393. 394. 395. 396. 397. 398. 399. 400. 401. 402. 403. 404. 405. 406. 407. 408. 409. 410. 411. 412. 413. 414. 415. 416. 417. 418. 419. 420. 421. 422. 423. 424. 425. 426. 427. 428. 429. 430. 431. 432. 433. 434. 435. 436. 437. 438. 439. 440. 441. 442. 443. 444. 445. 446. 447. 448. 449. 450. 451. 452. 453. 454. 455. 456. 457. 458. 459. 460. 461. 462. 463. 464. 465. 466. 467. 468. 469. 470. 471. 472. 473. 474. 475. 476. 477. 478. 479. 480. 481. 482. 483. 484. 485. 486. 487. 488. 489. 490. 491. 492. 493. 494. 495. 496. 497. 498. 499. 500. 501. 502. 503. 504. 505. 506. 507. 508. 509. 510. 511. 512. 513. 514. 515. 516. 517. 518. 519. 520. 521. 522. 523. 524. 525. 526. 527. 528. 529. 530. 531. 532. 533. 534. 535. 536. 537. 538. 539. 540. 541. 542. 543. 544. 545. 546. 547. 548. 549. 550. 551. 552. 553. 554. 555. 556. 557. 558. 559. 560. 561. 562. 563. 564. 565. 566. 567. 568. 569. 570. 571. 572. 573. 574. 575. 576. 577. 578. 579. 580. 581. 582. 583. 584. 585. 586. 587. 588. 589. 590. 591. 592. 593. 594. 595. 596. 597. 598. 599. 600. 601. 602. 603. 604. 605. 606. 607. 608. 609. 610. 611. 612. 613. 614. 615. 616. 617. 618. 619. 620. 621. 622. 623. 624. 625. 626. 627. 628. 629. 630. 631. 632. 633. 634. 635. 636. 637. 638. 639. 640. 641. 642. 643. 644. 645. 646. 647. 648. 649. 650. 651. 652. 653. 654. 655. 656. 657. 658. 659. 660. 661. 662. 663. 664. 665. 666. 667. 668. 669. 670. 671. 672. 673. 674. 675. 676. 677. 678. 679. 680. 681. 682. 683. 684. 685. 686. 687. 688. 689. 690. 691. 692. 693. 694. 695. 696. 697. 698. 699. 700. 701. 702. 703. 704. 705. 706. 707. 708. 709. 710. 711. 712. 713. 714. 715. 716. 717. 718. 719. 720. 721. 722. 723. 724. 725. 726. 727. 728. 729. 730. 731. 732. 733. 734. 735. 736. 737. 738. 739. 740. 741. 742. 743. 744. 745. 746. 747. 748. 749. 750. 751. 752. 753. 754. 755. 756. 757. 758. 759. 760. 761. 762. 763. 764. 765. 766. 767. 768. 769. 770. 771. 772. 773. 774. 775. 776. 777. 778. 779. 780. 781. 782. 783. 784. 785. 786. 787. 788. 789. 790. 791. 792. 793. 794. 795. 796. 797. 798. 799. 800. 801. 802. 803. 804. 805. 806. 807. 808. 809. 810. 811. 812. 813. 814. 815. 816. 817. 818. 819. 820. 821. 822. 823. 824. 825. 826. 827. 828. 829. 830. 831. 832. 833. 834. 835. 836. 837. 838. 839. 840. 841. 842. 843. 844. 845. 846. 847. 848. 849. 850. 851. 852. 853. 854. 855. 856. 857. 858. 859. 860. 861. 862. 863. 864. 865. 866. 867. 868. 869. 870. 871. 872. 873. 874. 875. 876. 877. 878. 879. 880. 881. 882. 883. 884. 885. 886. 887. 888. 889. 890. 891. 892. 893. 894. 895. 896. 897. 898. 899. 900. 901. 902. 903. 904. 905. 906. 907. 908. 909. 910. 911. 912. 913. 914. 915. 916. 917. 918. 919. 920. 921. 922. 923. 924. 925. 926. 927. 928. 929. 930. 931. 932. 933. 934. 935. 936. 937. 938. 939. 940. 941. 942. 943. 944. 945. 946. 947. 948. 949. 950. 951. 952. 953. 954. 955. 956. 957. 958. 959. 960. 961. 962. 963. 964. 965. 966. 967. 968. 969. 970. 971. 972. 973. 974. 975. 976. 977. 978. 979. 980. 981. 982. 983. 984. 985. 986. 987. 988. 989. 990. 991. 992. 993. 994. 995. 996. 997. 998. 999. 1000. |  |  |  |  |

18

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) |
| --- | --- | --- | --- | --- | --- |
| 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) | 10,000,000,000.00 (USD) |

19

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

| Number of Shares | Receive Underlying Reference | iBoxx USD Liquid Leveraged LIABILITIES | 7/15/27/5 | USD | Preferred Stock | GBP | 11,665 | 10,538 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 4,117 | 4,117 |
| Total | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 10,876 | 9,998 |
| Total | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 10,876 | 9,998 |
| Total | 1,000,000 | 1,000,000 | 1,000,000 |  |  |  |  |  |
| Total | 1,000,000 | 1,000,000 | 1,000,000 |  |  |  |  |  |
| Total | 1,000,000 | 1,000,000 | 1,000,000 |  |  |  |  |  |
| Total | 1,000,000 | 1,000,000 | 1,000,000 |  |  |  |  |  |

20

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

November 30, 2022 (Unaudited)

| 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 |
| --- | --- | --- | --- | --- | --- |
| 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 | 1,000,000,000.00 |

21

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

(Unaudited)[{"box_2d": [65, 96, 939, 256], "label": "table", "caption": "

| Project | Budget | Budget | Value | Purchase | Sales | Value |
| --- | --- | --- | --- | --- | --- | --- |
| First | 50,654 | 49,620 |  |  |  |  |
| First | 8,600 | 7,256 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |
| First | 6,305 | 6,084 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| First | 4,000 | 4,000 |  |  |  |  |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

<tr><td>First</td><td>4,000</td><td>4,000</td><td></td><td></td><td></td><td></td></tr></table>

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| Total | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

| First | 4,000 | 4,000 |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |

<table><thead><tr><td

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

(Unaudited)

64,407

(interbank offered rate)

| DEPARTMENT OF FINANCE | IN 1/2/2023 | 12/31/2023 |
| --- | --- | --- |
| INTERNATIONAL BANK TECHNOLOGY | 2/15/25 (5) | CAD Canadian Dollar 1,910 1,915 |
| Total liabilities | EUR Euro | 1,915 |
| Miscellaneous | FRN Floating Rate Note |  |
| NET ASSETS | GBP Prime Passed | 6 Months Ended 2,140 |
| Net assets | EUR Prime Passed | 11/30/22 $5,059,280 |
| Net assets (decrease) | in Net Assets | 16,752 |
| Net assets (decrease) | secured overnight financing rate | 179,462 |
| Total attributable earnings (loss) |  | $179,462 $1,202,153 |
| Realized and unrealized | to date 11/30/22 shares of $0.0001 par value capital stock outstanding; 4,000,000,000 shares of the | (53,514) (11,540) |
| Generalized and unrealized gain / loss |  | 40,649 (223,674) |
| Securities | Increase (decrease) in net assets from operations | 66,597 (76,354) |

The accompanying notes are an integral part of these financial statements.

23

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

Unaudited

COSTS & FLOW (in thousands of financing rate) Index

($000s)

USD U.S. Dollar

VR Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and based on current market conditions.

NET ASSETS

$5,059,281

Dividends are non-contractible contracts

5,462

NET ASSETS VALUE PER SHARE

Net assets available. The fund seeks high current income and, secondarily, capital appreciation. The fund has 5,059,281 (13,562) (13,562)

Institutional Floating Rate Fund (Institutional Class), the Institutional Floating Rate Fund-F Class (F Class) and the Institutional (23,398)

F Class (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398)

F Class (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398)

F Class (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398) (23,398)

Capital appreciation of the parent program pursuant to which the fund compensates certain financial intermediaries for various shareholders

and administrative services they provide to underlying investors. The Z Class is only available to funds advised by T. Rowe Price

The accompanying notes are an integral part of these financial statements.

24

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

Z Class 2020, however, early adoption is permitted. Management expects that the adoption of the guidance will not have a material impact on the current financial year. The current financial year will be 2020. The current financial year will be 2021. The current financial year will be 2022. The current financial year will be 2023. The current financial year will be 2024. The current financial year will be 2025. The current financial year will be 2026. The current financial year will be 2027. The current financial year will be 2028. The current financial year will be 2029. The current financial year will be 2030. The current financial year will be 2031. The current financial year will be 2032. The current financial year will be 2033. The current financial year will be 2034. The current financial year will be 2035. The current financial year will be 2036. The current financial year will be 2037. The current financial year will be 2038. The current financial year will be 2039. The current financial year will be 2040. The current financial year will be 2041. The current financial year will be 2042. The current financial year will be 2043. The current financial year will be 2044. The current financial year will be 2045. The current financial year will be 2046. The current financial year will be 2047. The current financial year will be 2048. The current financial year will be 2049. The current financial year will be 2050. The current financial year will be 2051. The current financial year will be 2052. The current financial year will be 2053. The current financial year will be 2054. The current financial year will be 2055. The current financial year will be 2056. The current financial year will be 2057. The current financial year will be 2058. The current financial year will be 2059. The current financial year will be 2060. The current financial year will be 2061. The current financial year will be 2062. The current financial year will be 2063. The current financial year will be 2064. The current financial year will be 2065. The current financial year will be 2066. The current financial year will be 2067. The current financial year will be 2068. The current financial year will be 2069. The current financial year will be 2070. The current financial year will be 2071. The current financial year will be 2072. The current financial year will be 2073. The current financial year will be 2074. The current financial year will be 2075. The current financial year will be 2076. The current financial year will be 2077. The current financial year will be 2078. The current financial year will be 2079. The current financial year will be 2080. The current financial year will be 2081. The current financial year will be 2082. The current financial year will be 2083. The current financial year will be 2084. The current financial year will be 2085. The current financial year will be 2086. The current financial year will be 2087. The current financial year will be 2088. The current financial year will be 2089. The current financial year will be 2090. The current financial year will be 2091. The current financial year will be 2092. The current financial year will be 2093. The current financial year will be 2094. The current financial year will be 2095. The current financial year will be 2096. The current financial year will be 2097. The current financial year will be 2098. The current financial year will be 2099. The current financial year will be 2100. The current financial year will be 2101. The current financial year will be 2102. The current financial year will be 2103. The current financial year will be 2104. The current financial year will be 2105. The current financial year will be 2106. The current financial year will be 2107. The current financial year will be 2108. The current financial year will be 2109. The current financial year will be 2110. The current financial year will be 2111. The current financial year will be 2112. The current financial year will be 2113. The current financial year will be 2114. The current financial year will be 2115. The current financial year will be 2116. The current financial year will be 2117. The current financial year will be 2118. The current financial year will be 2119. The current financial year will be 2120. The current financial year will be 2121. The current financial year will be 2122. The current financial year will be 2123. The current financial year will be 2124. The current financial year will be 2125. The current financial year will be 2126. The current financial year will be 2127. The current financial year will be 2128. The current financial year will be 2129. The current financial year will be 2130. The current financial year will be 2131. The current financial year will be 2132. The current financial year will be 2133. The current financial year will be 2134. The current financial year will be 2135. The current financial year will be 2136. The current financial year will be 2137. The current financial year will be 2138. The current financial year will be 2139. The current financial year will be 2140. The current financial year will be 2141. The current financial year will be 2142. The current financial year will be 2143. The current financial year will be 2144. The current financial year will be 2145. The current financial year will be 2146. The current financial year will be 2147. The current financial year will be 2148. The current financial year will be 2149. The current financial year will be 2150. The current financial year will be 2151. The current financial year will be 2152. The current financial year will be 2153. The current financial year will be 2154. The current financial year will be 2155. The current financial year will be 2156. The current financial year will be 2157. The current financial year will be 2158. The current financial year will be 2159. The current financial year will be 2160. The current financial year will be 2161. The current financial year will be 2162. The current financial year will be 2163. The current financial year will be 2164. The current financial year will be 2165. The current financial year will be 2166. The current financial year will be 2167. The current financial year will be 2168. The current financial year will be 2169. The current financial year will be 2170. The current financial year will be 2171. The current financial year will be 2172. The current financial year will be 2173. The current financial year will be 2174. The current financial year will be 2175. The current financial year will be 2176. The current financial year will be 2177. The current financial year will be 2178. The current financial year will be 2179. The current financial year will be 2180. The current financial year will be 2181. The current financial year will be 2182. The current financial year will be 2183. The current financial year will be 2184. The current financial year will be 2185. The current financial year will be 2186. The current financial year will be 2187. The current financial year will be 2188. The current financial year will be 2189. The current financial year will be 2190. The current financial year will be 2191. The current financial year will be 2192. The current financial year will be 2193. The current financial year will be 2194. The current financial year will be 2195. The current financial year will be 2196. The current financial year will be 2197. The current financial year will be 2198. The current financial year will be 2199. The current financial year will be 2200. The current financial year will be 2201. The current financial year will be 2202. The current financial year will be 2203. The current financial year will be 2204. The current financial year will be 2205. The current financial year will be 2206. The current financial year will be 2207. The current financial year will be 2208. The current financial year will be 2209. The current financial year will be 2210. The current financial year will be 2211. The current financial year will be 2212. The current financial year will be 2213. The current financial year will be 2214. The current financial year will be 2215. The current financial year will be 2216. The current financial year will be 2217. The current financial year will be 2218. The current financial year will be 2219. The current financial year will be 2220. The current financial year will be 2221. The current financial year will be 2222. The current financial year will be 2223. The current financial year will be 2224. The current financial year will be 2225. The current financial year will be 2226. The current financial year will be 2227. The current financial year will be 2228. The current financial year will be 2229. The current financial year will be 2230. The current financial year will be 2231. The current financial year will be 2232. The current financial year will be 2233. The current financial year will be 2234. The current financial year will be 2235. The current financial year will be 2236. The current financial year will be 2237. The current financial year will be 2238. The current financial year will be 2239. The current financial year will be 2240. The current financial year will be 2241. The current financial year will be 2242. The current financial year will be 2243. The current financial year will be 2244. The current financial year will be 2245. The current financial year will be 2246. The current financial year will be 2247. The current financial year will be 2248. The current financial year will be 2249. The current financial year will be 2250. The current financial year will be 2251. The current financial year will be 2252. The current financial year will be 2253. The current financial year will be 2254. The current financial year will be 2255. The current financial year will be 2256. The current financial year will be 2257. The current financial year will be 2258. The current financial year will be 2259. The current financial year will be 2260. The current financial year will be 2261. The current financial year will be 2262. The current financial year will be 2263. The current financial year will be 2264. The current financial year will be 2265. The current financial year will be 2266. The current financial year will be 2267. The current financial year will be 2268. The current financial year will be 2269. The current financial year will be 2270. The current financial year will be 2271. The current financial year will be 2272. The current financial year will be 2273. The current financial year will be 2274. The current financial year will be 2275. The current financial year will be 2276. The current financial year will be 2277. The current financial year will be 2278. The current financial year will be 2279. The current financial year will be 2280. The current financial year will be 2281. The current financial year will be 2282. The current financial year will be 2283. The current financial year will be 2284. The current financial year will be 2285. The current financial year will be 2286. The current financial year will be 2287. The current financial year will be 2288. The current financial year will be 2289. The current financial year will be 2290. The current financial year will be 2291. The current financial year will be 2292. The current financial year will be 2293. The current financial year will be 2294. The current financial year will be 2295. The current financial year will be 2296. The current financial year will be 2297. The current financial year will be 2298. The current financial year will be 2299. The current financial year will be 2300. The current financial year will be 2301. The current financial year will be 2302. The current financial year will be 2303. The current financial year will be 2304. The current financial year will be 2305. The current financial year will be 2306. The current financial year will be 2307. The current financial year will be 2308. The current financial year will be 2309. The current financial year will be 2310. The current financial year will be 2311. The current financial year will be 2312. The current financial year will be 2313. The current financial year will be 2314. The current financial year will be 2315. The current financial year will be 2316. The current financial year will be 2317. The current financial year will be 2318. The current financial year will be 2319. The current financial year will be 2320. The current financial year will be 2321. The current financial year will be 2322. The current financial year will be 2323. The current financial year will be 2324. The current financial year will be 2325. The current financial year will be 2326. The current financial year will be 2327. The current financial year will be 2328. The current financial year will be 2329. The current financial year will be 2330. The current financial year will be 2331. The current financial year will be 2332. The current financial year will be 2333. The current financial year will be 2334. The current financial year will be 2335. The current financial year will be 2336. The current financial year will be 2337. The current financial year will be 2338. The current financial year will be 2339. The current financial year will be 2340. The current financial year will be 2341. The current financial year will be 2342. The current financial year will be 2343. The current financial year will be 2344. The current financial year will be 2345. The current financial year will be 2346. The current financial year will be 2347. The current financial year will be 2348. The current financial year will be 2349. The current financial year will be 2350. The current financial year will be 2351. The current financial year will be 2352. The current financial year will be 2353. The current financial year will be 2354. The current financial year will be 2355. The current financial year will be 2356. The current financial year will be 2357. The current financial year will be 2358. The current financial year will be 2359. The current financial year will be 2360. The current financial year will be 2361. The current financial year will be 2362. The current financial year will be 2363. The current financial year will be 2364. The current financial year will be 2365. The current financial year will be 2366. The current financial year will be 2367. The current financial year will be 2368. The current financial year will be 2369. The current financial year will be 2370. The current financial year will be 2371. The current financial year will be 2372. The current financial year will be 2373. The current financial year will be 2374. The current financial year will be 2375. The current financial year will be 2376. The current financial year will be 2377. The current financial year will be 2378. The current financial year will be 2379. The current financial year will be 2380. The current financial year will be 2381. The current financial year will be 2382. The current financial year will be 2383. The current financial year will be 2384. The current financial year will be 2385. The current financial year will be 2386. The current financial year will be 2387. The current financial year will be 2388. The current financial year will be 2389. The current financial year will be 2390. The current financial year will be 2391. The current financial year will be 2392. The current financial year will be 2393. The current financial year will be 2394. The current financial year will be 2395. The current financial year will be 2396. The current financial year will be 2397. The current financial year will be 2398. The current financial year will be 2399. The current financial year will be 2400. The current financial year will be 2401. The current financial year will be 2402. The current financial year will be 2403. The current financial year will be 2404. The current financial year will be 2405. The current financial year will be 2406. The current financial year will be 2407. The current financial year will be 2408. The current financial year will be 2409. The current financial year will be 2410. The current financial year will be 2411. The current financial year will be 2412. The current financial year will be 2413. The current financial year will be 2414. The current financial year will be 2415. The current financial year will be 2416. The current financial year will be 2417. The current financial year will be 2418. The current financial year will be 2419. The current financial year will be 2420. The current financial year will be 2421. The current financial year will be 2422. The current financial year will be 2423. The current financial year will be 2424. The current financial year will be 2425. The current financial year will be 2426. The current financial year will be 2427. The current financial year will be 2428. The current financial year will be 2429. The current financial year will be 2430. The current financial year will be 2431. The current financial year will be 2432. The current financial year will be 2433. The current financial year will be 2434. The current financial year will be 2435. The current financial year will be 2436. The current financial year will be 2437. The current financial year will be 2438. The current financial year will be 2439. The current financial year will be 2440. The current financial year will be 2441. The current financial year will be 2442. The current financial year will be 2443. The current financial year will be 2444. The current financial year will be 2445. The current financial year will be 2446. The current financial year will be 2447. The current financial year will be 2448. The current financial year will be 2449. The current financial year will be 2450. The current financial year will be 2451. The current financial year will be 2452. The current financial year will be 2453. The current financial year will be 2454. The current financial year will be 2455. The current financial year will be 2456. The current financial year will be 2457. The current financial year will be 2458. The current financial year will be 2459. The current financial year will be 2460. The current financial year will be 2461. The current financial year will be 2462. The current financial year will be 2463. The current financial year will be 2464. The current financial year will be 2465. The current financial year will be 2466. The current financial year will be 2467. The current financial year will be 2468. The current financial year will be 2469. The current financial year will be 2470. The current financial year will be 2471. The current financial year will be 2472. The current financial year will be 2473. The current financial year will be 2474. The current financial year will be 2475. The current financial year will be 2476. The current financial year will be 2477. The current financial year will be 2478. The current financial year will be 2479. The current financial year will be 2480. The current financial year will be 2481. The current financial year will be 2482. The current financial year will be 2483. The current financial year will be 2484. The current financial year will be 2485. The current financial year will be 2486. The current financial year will be 2487. The current financial year will be 2488. The current financial year will be 2489. The current financial year will be 2490. The current financial year will be 2491. The current financial year will be 2492. The current financial year will be 2493. The current financial year will be 2494. The current financial year will be 2495. The current financial year will be 2496. The current financial year will be 2497. The current financial year will be 2498. The current financial year will be 2499. The current financial year will be 2500. The current financial year will be 2501. The current financial year will be 2502. The current financial year will be 2503. The current financial year will be 2504. The current financial year will be 2505. The current financial year will be 2506. The current financial year will be 2507. The current financial year will be 2508. The current financial year will be 2509. The current financial year will be 2510. The current financial year will be 2511. The current financial year will be 2512. The current financial year will be 2513. The current financial year will be 2514. The current financial year will be 2515. The current financial year will be 2516. The current financial year will be 2517. The current financial year will be 2518. The current financial year will be 2519. The current financial year will be 2520. The current financial year will be 2521. The current financial year will be 2522. The current financial year will be 2523. The current financial year will be 2524. The current financial year will be 2525. The current financial year will be 2526. The current financial year will be 2527. The current financial year will be 2528. The current financial year will be 2529. The current financial year will be 2530. The current financial year will be 2531. The current financial year will be 2532. The current financial year will be 2533. The current financial year will be 2534. The current financial year will be 2535. The current financial year will be 2536. The current financial year will be 2537. The current financial year will be 2538. The current financial year will be 2539. The current financial year will be 2540. The current financial year will be 2541. The current financial year will be 2542. The current financial year will be 2543. The current financial year will be 2544. The current financial year will be 2545. The current financial year will be 2546. The current financial year will be 2547. The current financial year will be 2548. The current financial year will be 2549. The current financial year will be 2550. The current financial year will be 2551. The current financial year will be 2552. The current financial year will be 2553. The current financial year will be 2554. The current financial year will be 2555. The current financial year will be 2556. The current financial year will be 2557. The current financial year will be 2558. The current financial year will be 2559. The current financial year will be 2560. The current financial year will be 2561. The current financial year will be 2562. The current financial year will be 2563. The current financial year will be 2564. The current financial year will be 2565. The current financial year will be 2566. The current financial year will be 2567. The current financial year will be 2568. The current financial year will be 2569. The current financial year will be 2570. The current financial year will be 2571. The current financial year will be 2572. The current financial year will be 2573. The current financial year will be 2574. The current financial year will be 2575. The current financial year will be 2576. The current financial year will be 2577. The current financial year will be 2578. The current financial year will be 2579. The current financial year will be 2580. The current financial year will be 2581. The current financial year will be 2582. The current financial year will be 2583. The current financial year will be 2584. The current financial year will be 2585. The current financial year will be 2586. The current financial year will be 2587. The current financial year will be 2588. The current financial year will be 2589. The current financial year will be 2590. The current financial year will be 2591. The current financial year will be 2592. The current financial year will be 2593. The current financial year will be 2594. The current financial year will be 2595. The current financial year will be 2596. The current financial year will be 2597. The current financial year will be 2598. The current financial year will be 2599. The current financial year will be 2600. The current financial year will be 2601. The current financial year will be 2602. The current financial year will be 2603. The current financial year will be 2604. The current financial year will be 2605. The current financial year will be 2606. The current financial year will be 2607. The current financial year will be 2608. The current financial year will be 2609. The current financial year will be 2610. The current financial year will be 2611. The current financial year will be 2612. The current financial year will be 2613. The current financial year will be 2614. The current financial year will be 2615. The current financial year will be 2616. The current financial year will be 2617. The current financial year will be 2618. The current financial year will be 2619. The current financial year will be 2620. The current financial year will be 2621. The current financial year will be 2622. The current financial year will be 2623. The current financial year will be 2624. The current financial year will be 2625. The current financial year will be 2626. The current financial year will be 2627. The current financial year will be 2628. The current financial year will be 2629. The current financial year will be 2630. The current financial year will be 2631. The current financial year will be 2632. The current financial year will be 2633. The current financial year will be 2634. The current financial year will be 2635. The current financial year will be 2636. The current financial year will be 2637. The current financial year will be 2638. The current financial year will be 2639. The current financial year will be 2640. The current financial year will be 2641. The current financial year will be 2642. The current financial year will be 2643. The current financial year will be 2644. The current financial year will be 2645. The current financial year will be 2646. The current financial year will be 2647. The current financial year will be 2648. The current financial year will be 2649. The current financial year will be 2650. The current financial year will be 2651. The current financial year will be 2652. The current financial year will be 2653. The current financial year will be 2654. The current financial year will be 2655. The current financial year will be 2656. The current financial year will be 2657. The current financial year will be 2658. The current financial year will be 2659. The current financial year will be 2660. The current financial year will be 2661. The current financial year will be 2662. The current financial year will be 2663. The current financial year will be 2664. The current financial year will be 2665. The current financial year will be 2666. The current financial year will be 2667. The current financial year will be 2668. The current financial year will be 2669. The current financial year will be 2670. The current financial year will be 2671. The current financial year will be 2672. The current financial year will be 2673. The current financial year will be 2674. The current financial year will be 2675. The current financial year will be 2676. The current financial year will be 2677. The current financial year will be 2678. The current financial year will be 2679. The current financial year will be 2680. The current financial year will be 2681. The current financial year will be 2682. The current financial year will be 2683. The current financial year will be 2684. The current financial year will be 2685. The current financial year will be 2686. The current financial year will be 2687. The current financial year will be 2688. The current financial year will be 2689. The current financial year will be 2690. The current financial year will be 2691. The current financial year will be 2692. The current financial year will be 2693. The current financial year will be 2694. The current financial year will be 2695. The current financial year will be 2696. The current financial year will be 2697. The current financial year will be 2698. The current financial year will be 2699. The current financial year will be 2700. The current financial year will be 2701. The current financial year will be 2702. The current financial year will be 2703. The current financial year will be 2704. The current financial year will be 2705. The current financial year will be 2706. The current financial year will be 2707. The current financial year will be 2708. The current financial year will be 2709. The current financial year will be 2710. The current financial year will be 2711. The current financial year will be 2712. The current financial year will be 2713. The current financial year will be 2714. The current financial year will be 2715. The current financial year will be 2716. The current financial year will be 2717. The current financial year will be 2718. The current financial year will be 2719. The current financial year will be 2720. The current financial year will be 2721. The current financial year will be 2722. The current financial year will be 2723. The current financial year will be 2724. The current financial year will be 2725. The current financial year will be 2726. The current financial year will be 2727. The current financial year will be 2728. The current financial year will be 2729. The current financial year will be 2730. The current financial year will be 2731. The current financial year will be 2732. The current financial year will be 2733. The current financial year will be 2734. The current financial year will be 2735. The current financial year will be 2736. The current financial year will be 2737. The current financial year will be 2738. The current financial year will be 2739. The current financial year will be 2740. The current financial year will be 2741. The current financial year will be 2742. The current financial year will be 2743. The current financial year will be 2744. The current financial year will be 2745. The current financial year will be 2746. The current financial year will be 2747. The current financial year will be 2748. The current financial year will be 2749. The current financial year will be 2750. The current financial year will be 2751. The current financial year will be 2752. The current financial year will be 2753. The current financial year will be 2754. The current financial year will be 2755. The current financial year will be 2756. The current financial year will be 2757. The current financial year will be 2758. The current financial year will be 2759. The current financial year will be 2760. The current financial year will be 2761. The current financial year will be 2762. The current financial year will be 2763. The current financial year will be 2764. The current financial year will be 2765. The current financial year will be 2766. The current financial year will be 2767. The current financial year will be 2768. The current financial year will be 2769. The current financial year will be 2770. The current financial year will be 2771. The current financial year will be 2772. The current financial year will be 2773. The current financial year will be 2774. The current financial year will be 2775. The current financial year will be 2776. The current financial year will be 2777. The current financial year will be 2778. The current financial year will be 2779. The current financial year will be 2780. The current financial year will be 2781. The current financial year will be 2782. The current financial year will be 2783. The current financial year will be 2784. The current financial year will be 2785. The current financial year will be 2786. The current financial year will be 2787. The current financial year will be 2788. The current financial year will be 2789. The current financial year will be 2790. The current financial year will be 2791. The current financial year will be 2792. The current financial year will be 2793. The current financial year will be 2794. The current financial year will be 2795. The current financial year will be 2796. The current financial year will be 2797. The current financial year will be 2798. The current financial year will be 2799. The current financial year will be 2800. The current financial year will be 2801. The current financial year will be 2802. The current financial year will be 2803. The current financial year will be 2804. The current financial year will be 2805. The current financial year will be 2806. The current financial year will be 2807. The current financial year will be 2808. The current financial year will be 2809. The current financial year will be 2810. The current financial year will be 2811. The current financial year will be 2812. The current financial year will be 2813. The current financial year will be 2814. The current financial year will be 2815. The current financial year will be 2816. The current financial year will be 2817. The current financial year will be 2818. The current financial year will be 2819. The current financial year will be 2820. The current financial year will be 2821. The current financial year will be 2822. The current financial year will be 2823. The current financial year will be 2824. The current financial year will be 2825. The current financial year will be 2826. The current financial year will be 2827. The current financial year will be 2828. The current financial year will be 2829. The current financial year will be 2830. The current financial year will be 2831. The current financial year will be 2832. The current financial year will be 2833. The current financial year will be 2834. The current financial year will be 2835. The current financial year will be 2836. The current financial year will be 2837. The current financial year will be 2838. The current financial year will be 2839. The current financial year will be 2840. The current financial year will be 2841. The current financial year will be 2842. The current financial year will be 2843. The current financial year will be 2844. The current financial year will be 2845. The current financial year will be 2846. The current financial year will be 2847. The current financial year will be 2848. The current financial year will be 2849. The current financial year will be 2850. The current financial year will be 2851. The current financial year will be 2852. The current financial year will be 2853. The current financial year will be 2854. The current financial year will be 2855. The current financial year will be 2856. The current financial year will be 2857. The current financial year will be 2858. The current financial year will be 2859. The current financial year will be 2860. The current financial year will be 2861. The current financial year will be 2862. The current financial year will be 2863. The current financial year will be 2864. The current financial year will be 2865. The current financial year will be 2866. The current financial year will be 2867. The current financial year will be 2868. The current financial year will be 2869. The current financial year will be 2870. The current financial year will be 2871. The current financial year will be 2872. The current financial year will be 2873. The current financial year will be 2874. The current financial year will be 2875. The current financial year will be 2876. The current financial year will be 2877. The current financial year will be 2878. The current financial year will be 2879. The current financial year will be 2880. The current financial year will be 2881. The current financial year will be 2882. The current financial year will be 2883. The current financial year will be 2884. The current financial year will be 2885. The current financial year will be 2886. The current financial year will be 2887. The current financial year will be 2888. The current financial year will be 2889. The current financial year will be 2890. The current financial year will be 2891. The current financial year will be 2892. The current financial year will be 2893. The current financial year will be 2894. The current financial year will be 2895. The current financial year will be 2896. The current financial year will be 2897. The current financial year will be 2898. The current financial year will be 2899. The current financial year will be 2900. The current financial year will be 2901. The current financial year will be 2902. The current financial year will be 2903. The current financial year will be 2904. The current financial year will be 2905. The current financial year will be 2906. The current financial year will be 2907. The current financial year will be 2908. The current financial year will be 2909. The current financial year will be 2910. The current financial year will be 2911. The current financial year will be 2912. The current financial year will be 2913. The current financial year will be 2914. The current financial year will be 2915. The current financial year will be 2916. The current financial year will be 2917. The current financial year will be 2918. The current financial year will be 2919. The current financial year will be 2920. The current financial year will be 2921. The current financial year will be 2922. The current financial year will be 2923. The current financial year will be 2924. The current financial year will be 2925. The current financial year will be 2926. The current financial year will be 2927. The current financial year will be 2928. The current financial year will be 2929. The current financial year will be 2930. The current financial year will be 2931. The current financial year will be 2932. The current financial year will be 2933. The current financial year will be 2934. The current financial year will be 2935. The current financial year will be 2936. The current financial year will be 2937. The current financial year will be 2938. The current financial year will be 2939. The current financial year will be 2940. The current financial year will be 2941. The current financial year will be 2942. The current financial year will be 2943. The current financial year will be 2944. The current financial year will be 2945. The current financial year will be 2946. The current financial year will be 2947. The current financial year will be 2948. The current financial year will be 2949. The current financial year will be 2950. The current financial year will be 2951. The current financial year will be 2952. The current financial year will be 2953. The current financial year will be 2954. The current financial year will be 2955. The current financial year will be 2956. The current financial year will be 2957. The current financial year will be 2958. The current financial year will be 2959. The current financial year will be 2960. The current financial year will be 2961. The current financial year will be 2962. The current financial year will be 2963. The current financial year will be 2964. The current financial year will be 2965. The current financial year will be 2966. The current financial year will be 2967. The current financial year will be 2968. The current financial year will be 2969. The current financial year will be 2970. The current financial year will be 2971. The current financial year will be 2972. The current financial year will be 2973. The current financial year will be 2974. The current financial year will be 2975. The current financial year will be 2976. The current financial year will be 2977. The current financial year will be 2978. The current financial year will be 2979. The current financial year will be 2980. The current financial year will be 2981. The current financial year will be 2982. The current financial year will be 2983. The current financial year will be 2984. The current financial year will be 2985. The current financial year will be 2986. The current financial year will be 2987. The current financial year will be 2988. The current financial year will be 2989. The current financial year will be 2990. The current financial year will be 2991. The current financial year will be 2992. The current financial year will be 2993. The current financial year will be 2994. The current financial year will be 2995. The current financial year will be 2996. The current financial year will be 2997. The current financial year will be 2998. The current financial year will be 2999. The current financial year will be 3000. The current financial year will be 3001. The current financial year will be 3002. The current financial year will be 3003. The current financial year will be 3004. The current financial year will be 3005. The current financial year will be 3006. The current financial year will be 3007. The current financial year will be 3008. The current financial year will be 3009. The current financial year will be 3010. The current financial year will be 3011. The current financial year will be 3012. The current financial year will be 3013. The current financial year will be 3014. The current financial year will be 3015. The current financial year will be 3016. The current financial year will be 3017. The current financial year will be 3018. The current financial year will be 3019. The current financial year will be 3020. The current financial year will be 3021. The current financial year will be 3022. The current financial year will be 3023. The current financial year will be 3024. The current financial year will be 3025. The current financial year will be 3026. The current financial year will be 3027. The current financial year will be 3028. The current financial year will be 3029. The current financial year will be 3030. The current financial year will be 3031. The current financial year will be 3032. The current financial year will be 3033. The current financial year will be 3034. The current financial year will be 3035. The current financial year will be 3036. The current financial year will be 3037. The current financial year will be 3038. The current financial year will be 3039. The current financial year will be 3040. The current financial year will be 3041. The current financial year will be 3042. The current financial year will be 3043. The current financial year will be 3044. The current financial year will be 3045. The current financial year will be 3046. The current financial year will be 3047. The current financial year will be 3048. The current financial year will be 3049. The current financial year will be 3050. The current financial year will be 3051. The current financial year will be 3052. The current financial year will be 3053. The current financial year will be 3054. The current financial year will be 3055. The current financial year will be 3056. The current financial year will be 3057. The current financial year will be 3058. The current financial year will be 3059. The current financial year will be 3060. The current financial year will be 3061. The current financial year will be 3062. The current financial year will be 3063. The current financial year will be 3064. The current financial year will be 3065. The current financial year will be 3066. The current financial year will be 3067. The current financial year will be 3068. The current financial year will be 3069. The current financial year will be 3070. The current financial year will be 3071. The current financial year will be 3072. The current financial year will be 3073. The current financial year will be 3074. The current financial year will be 3075. The current financial year will be 3076. The current financial year will be 3077. The current financial year will be 3078. The current financial year will be 3079. The current financial year will be 3080. The current financial year will be 3081. The current financial year will be 3082. The current financial year will be 3083. The current financial year will be 3084. The current financial year will be 3085. The current financial year will be 3086. The current financial year will be 3087. The current financial year will be 3088. The current financial year will be 3089. The current financial year will be 3090. The current financial year will be 3091. The current financial year will be 3092. The current financial year will be 3093. The current financial year will be 3094. The current financial year will be 3095. The current financial year will be 3096. The current financial year will be 3097. The current financial year will be 3098. The current financial year will be 3099. The current financial year will be 3100.

25

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

is not considered in measuring fair value. The amendments under this ASU are effective for fiscal years beginning after December 15, and other interbank-offered based reference rates, through December 31, 2022. Management intends to rely upon the relief provided.

Institutional Class

F Class of Preparation

The Fund is an investment company and follows accounting and reporting guidance (38,368) Financial Act 1938, 1938, 1939, 1940, 1941, 1942, 1943, 1944, 1945, 1946, 1947, 1948, 1949, 1950, 1951, 1952, 1953, 1954, 1955, 1956, 1957, 1958, 1959, 1960, 1961, 1962, 1963, 1964, 1965, 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000

26

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

Investments in mutual funds are valued at the mutual fund's closing NAV per share on the day of valuation. Forward currency in determining fair value vary by type of investment and may include market or investment specific considerations. The Valuation Statement is based on the actual value of the investment. The accompanying notes are an integral part of these financial statements. The Company's financial statements are based on the actual value of the investment. The Company's financial statements are based on the actual value of the investment. The Company's financial statements are based on the actual value of the investment. The Company's financial statements are based on the actual value of the investment. The Company's financial statements are based on the actual value of the investment. The Company's financial statements are based on the actual value of the investment. The Company's financial statements are based on the actual value of the investment.

27

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

The fund's Level 3 investments have been valued using unadjusted inputs that have not been internally developed by the fund, including

Valuation of the fund's level 3 investments have been valued using unadjusted inputs that have not been internally developed by the fund, including
Z Class 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, and

28

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

Additionally, the amount of gains and losses on derivative instruments recognized in fund earnings during the six months ended

August 31, 2016, the risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly in the instruments on which the derivatives are based. The risks associated with investing directly

29

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

**Forward Currency Exchange Contracts** The fund is subject to foreign currency exchange rate risk in the normal course of pursuing its

Swaps - 1,310 - 1,310

The fund is subject to foreign currency exchange rate risk in the normal course of pursuing its Swaps - 1,310 - 1,310

The fund is subject to foreign currency exchange rate risk in the normal course of pursuing its Swaps - 1,310 - 1,310

The fund is subject to foreign currency exchange rate risk in the normal course of pursuing its Swaps - 1,310 - 1,310

The fund is subject to foreign currency exchange rate risk in the normal course of pursuing its Swaps - 1,310 - 1,310

The fund is subject to foreign currency exchange rate risk in the normal course of pursuing its Swaps - 1,310 - 1,310

30

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# NOTE 4 - OTHER INVESTMENT TRANSACTIONS

The following prices are based on the prices shown, which make marketing in all other countries. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease the ability of issuers to manage the market. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease the ability of issuers to manage the market. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease the ability of issuers to manage the market. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease the ability of issuers to manage the market. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease the ability of issuers to manage the market. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease the ability of issuers to manage the market. The price is based on the price of the trade debt market may experience sudden and sharp price swings due to a variety of factors that may decrease

31

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# NOTE 5 - FEDERAL INCOME TAXES

the contractual payment date at which time such amounts are reclassified from unrealized to realized gain or loss. For bilateral swaps, the total amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of the amount of

32

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

The fund may invest its cash reserves in certain open-end management investment companies managed by Price Associates and
the following companies, which are not limited to the following: (1) The following: (2) The following: (3) The following: (4) The following: (5) The following: (6) The following: (7) The following: (8) The following: (9) The following: (10) The following: (11) The following: (12) The following: (13) The following: (14) The following: (15) The following: (16) The following: (17) The following: (18) The following: (19) The following: (20) The following: (21) The following: (22) The following: (23) The following: (24) The following: (25) The following: (26) The following: (27) The following: (28) The following: (29) The following: (30) The following: (31) The following: (32) The following: (33) The following: (34) The following: (35) The following: (36) The following: (37) The following: (38) The following: (39) The following: (40) The following: (41) The following: (42) The following: (43) The following: (44) The following: (45) The following: (46) The following: (47) The following: (48) The following: (49) The following: (50) The following: (51) The following: (52) The following: (53) The following: (54) The following: (55) The following: (56) The following: (57) The following: (58) The following: (59) The following: (60) The following: (61) The following: (62) The following: (63) The following: (64) The following: (65) The following: (66) The following: (67) The following: (68) The following: (69) The following: (70) The following: (71) The following: (72) The following: (73) The following: (74) The following: (75) The following: (76) The following: (77) The following: (78) The following: (79) The following: (80) The following: (81) The following: (82) The following: (83) The following: (84) The following: (85) The following: (86) The following: (87) The following: (88) The following: (89) The following: (90) The following: (91) The following: (92) The following: (93) The following: (94) The following: (95) The following: (96) The following: (97) The following: (98) The following: (99) The following: (100)

33

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# INFORMATION ON PROXY VOTING POLICIES, PROCEDURES, AND RECORDS

https://www.troweprice.com/corporate/us/en/utility/policies.html

The 2 Class is subject to a contractual expense limitation agreement whereby Price Associates has agreed to waive and/or bear all of the
Ex-2 Class contained hereinafter, except as provided in the following rules and regulations, and should not be construed as a contract or a
provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, to be a contract or a provision of any kind, whether or not, or

34

T. ROWE PRICE INSTITUTIONAL FLOATING RATE FUND

# LIQUIDITY RISK MANAGEMENT PROGRAM

LIBOR, The Liquidity Program, every investment held by the fund is classified at least 50% of the fund's total investment. The fund is classified as a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is not a fund that is

# T.RowePrice®

100 East Pratt Street

Baltimore, MD 21202

Call 1-800-225-5132 to request a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

202301-2568386

E170-051 1/23

35

Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

Item 2. Code of Ethics.

A code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions is filed as an exhibit to the registrant's annual Form N-CSR. No substantive amendments were approved or waivers were granted to this code of ethics during the registrant's most recent fiscal half-year.

Item 3. Audit Committee Financial Expert.

Disclosure required in the registrant's annual Form N-CSR is a reduction in the effectiveness of related fund transactions such as hedges. Any such effects could result in a reduction in the effectiveness of related fund transactions such as hedges. Any such effects could result in a reduction in the effectiveness of related fund transactions such as hedges. Any such effects could result in a reduction in the effectiveness of related fund transactions such as hedges. Any such effects could result in a reduction in the effectiveness of related fund transactions such as hedges. Any such effects could result in a reduction in the effectiveness of related fund transactions such as hedges. Any such effects could result in a reduction in the effectiveness

Item 4. Principal Accountant Fees and Services. The following functions will be significantly changing the investment's market value.

Disclosure required in the registrant's annual Form N-CSR is a natural disasters, war, terrorism, pandemics, outbreaks of infectious diseases and $(450) Other disclosures and sales of portfolio securities other than short-term securities aggregated $823,201,000 and $2,586,095,000.

Item 5. Audit Committee of the President's Board of Directors. The Board of Directors has been a member of the President's Board of Directors. The Board of Directors has been a member of the President's Board of Directors.

Not applicable. The Board of Directors has been a member of the President's Board of Directors. The Board of Directors has been a member of the President's Board of Directors.

Not applicable. The Board of Directors has been a member of the President's Board of Directors. The Board of Directors has been a member of the President's Board of Directors.

Item 6. Investments.

(a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There has been no change to the procedures by which shareholders may recommend nominees to the registrant's board of directors.

T. Rowe Price Investment Services, Inc.

## Item 11. Controls and Procedures.

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

## Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibitions of securities lending activities for closed-end management investment companies. The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(1) Issuance of the registrant's principal executive officer and principal financial officer has evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(2) Separate information regarding the registrant's business and the business of the company's business, including the registrant's business and the business of the company's business, including the registrant's business and the business of the company's business, including the registrant's business and the business of the company's business, including the registrant's business and the business of the company's business, including the registrant's business and the business of the company's business, including the registrant's business and the business of the company's business, including the registrant's business and the business of

## SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

T. Rowe Price Institutional Income Funds, Inc.

By /s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date January 19, 2023

through March 31, 2022. The report described the methodology for classifying a fund's investments (including any derivative transactions) into one of four liquidity categories, as well as the percentage of a fund's investments assigned to each category. It also explained the methodology for establishing a fund's HLIM and noted that the LRC reviews the HLIM assigned to each fund no less frequently than annually.

During the period covered by the annual assessment, the LRC has concluded, and reported to the Board, that the Liquidity Program continues to operate adequately and effectively and is reasonably designed to assess and manage the fund's liquidity risk.

Date January 19, 2023

By /s/ Alan S. Dupski
Alan S. Dupski
Principal Financial Officer

Date January 19, 2023

## Ex-99.Cert

**Item 13. (a)(2)** 

**<u>CERTIFICATIONS</u>**

I, David Oestreicher, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price
Institutional Floating Rate Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: January 19, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |

---

------

**<u>CERTIFICATIONS</u>**

I, Alan S. Dupski, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price
Institutional Floating Rate Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: January 19, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Item 13. (b)** 

---

| | |
|:---|:---|
| **CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** | **CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** |
| Name of Issuer: T. Rowe Price Institutional Floating Rate Fund  | Name of Issuer: T. Rowe Price Institutional Floating Rate Fund  |
| In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that: | In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that: |
| 1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; | 1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; |
| 2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Issuer. | 2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Issuer. |
| Date: January 19, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| Date: January 19, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---