Mike McGonigle is a director of research in the Fixed Income Division. He is a vice president and Investment Advisory Committee member of the Floating Rate Fund. Mike also is a vice president of the Institutional Income Funds and the Multi-Sector Account Portfolios. He is chairman of the Distressed Advisory Committee and a member of the Fixed Income Research Advisory Council and the Fixed Income Steering, Research Governance Oversight, and LIBOR Replacement Steering Committees. Mike also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.