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Paul Massaro, CFA

Paul Massaro is the head of the Global High Yield team and the portfolio manager of the Floating Rate Bank Loan Strategy in the Fixed Income Division. He is president and chairman of the Investment Advisory Committee for the Floating Rate Fund, president of the Institutional Income Funds, an executive vice president of the Multi-Sector Account Portfolios, and a vice president of the High Yield Fund. Paul also is the chairman of the Advisory Committee of the Institutional Floating Rate Fund and an Investment Advisory Committee member of the High Yield Fund, the High Yield Multi-Sector Account and Floating Rate Multi-Sector Account Portfolios, and the Institutional High Yield Fund. Paul also is a member of the Fixed Income Steering Committee. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

B.S., Cornell University
M.B.A., The Wharton School, University of Pennsylvania
  • Years at
    T. Rowe Price19
  • Years investment
    experience22

Paul-Massaro

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GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the twenty four-year period ended June 30, 2020, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request. 

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