T. Rowe Price U.S. High Yield Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
9.6%
3 Yr Avg Return
0.5%
5 Yr Avg Return
3.3%
Net Assets
$474 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 135.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TUHIX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return 0.5%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.78%
- Dividend Yield 7.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameT. Rowe Price U.S. High Yield Fund
-
Fund Family NameTROWEPRICE
-
Inception DateApr 30, 2013
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Loome
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in U.S. high yield instruments. U.S. high yield instruments, commonly referred to as “junk” bonds, are debt instruments that are, at the time of purchase, rated below investment grade by a credit rating agency (i.e., Baa3 by Moody’s Investors Service, Inc. or below BBB- by S&P Global Ratings or Fitch Ratings, Inc.), or, if not rated by any major credit rating agency, deemed by the adviser to be below investment grade. The fund generally relies on a classification by Bloomberg or another unaffiliated data provider to determine whether a holding is economically tied to the U.S.
Most assets will typically be invested in U.S. issued instruments and U.S. dollar-denominated instruments. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated foreign instruments.
The fund focuses its investments on high yield corporate bonds but may also invest in other income producing instruments including bank loans, convertible securities, and preferred stocks. The fund may purchase securities of any maturity or duration, and its weighted average maturity and duration will vary with market conditions.
In selecting investments, the fund relies extensively on rigorous credit research and analysis. In selecting bonds, the portfolio manager generally evaluates the income provided by the bond and the bond’s appreciation potential, as well as the issuer’s ability to make income and principal payments.
TUHIX - Performance
Return Ranking - Trailing
Period | TUHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -7.6% | 6.5% | 42.54% |
1 Yr | 9.6% | -8.2% | 16.9% | 19.84% |
3 Yr | 0.5%* | -16.6% | 20.0% | 66.67% |
5 Yr | 3.3%* | -12.2% | 36.6% | 35.65% |
10 Yr | N/A* | -5.0% | 19.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | TUHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -4.7% | 14.3% | 34.53% |
2022 | -20.4% | -33.4% | 3.6% | 94.64% |
2021 | -1.4% | -8.4% | 14.9% | 88.34% |
2020 | 0.7% | -13.9% | 302.7% | 31.30% |
2019 | 9.4% | -4.4% | 13.3% | 13.37% |
Total Return Ranking - Trailing
Period | TUHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -7.6% | 6.5% | 42.54% |
1 Yr | 9.6% | -8.2% | 16.9% | 19.84% |
3 Yr | 0.5%* | -16.6% | 20.0% | 66.67% |
5 Yr | 3.3%* | -12.2% | 36.6% | 35.65% |
10 Yr | N/A* | -5.0% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TUHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.3% | -4.7% | 18.2% | 7.97% |
2022 | -14.7% | -33.4% | 47.8% | 93.38% |
2021 | 5.0% | -8.4% | 24.8% | 51.07% |
2020 | 7.2% | -9.6% | 325.6% | 19.80% |
2019 | 16.3% | 0.9% | 21.5% | 7.81% |
NAV & Total Return History
TUHIX - Holdings
Concentration Analysis
TUHIX | Category Low | Category High | TUHIX % Rank | |
---|---|---|---|---|
Net Assets | 474 M | 1.45 M | 23.6 B | 51.85% |
Number of Holdings | 118 | 2 | 2736 | 90.70% |
Net Assets in Top 10 | 73.7 M | -492 M | 4.45 B | 51.78% |
Weighting of Top 10 | 16.91% | 4.2% | 146.9% | 30.39% |
Top 10 Holdings
- T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND 3.88%
- LSF9 ATLANTIS HOLDINGS LLC / VICTRA FINANCE CORP 1.87%
- SIGMA HOLDCO BV 1.58%
- AMERICAN AIRLINES INC/AADVANTAGE LOYALTY IP LTD 1.55%
- CARNIVAL CORP 1.44%
- WHITE CAP PARENT LLC 1.40%
- SABRE GLBL INC 1.38%
- BALL CORP 1.29%
- CAESARS ENTERTAINMENT INC 1.27%
- BROADSTREET PARTNERS INC 1.25%
Asset Allocation
Weighting | Return Low | Return High | TUHIX % Rank | |
---|---|---|---|---|
Bonds | 93.20% | -3.13% | 154.38% | 67.13% |
Cash | 6.17% | -52.00% | 48.07% | 29.46% |
Convertible Bonds | 1.18% | 0.00% | 17.89% | 45.27% |
Preferred Stocks | 0.63% | 0.00% | 7.88% | 16.12% |
Stocks | 0.00% | 0.00% | 99.54% | 95.83% |
Other | 0.00% | -63.70% | 102.57% | 77.83% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TUHIX % Rank | |
---|---|---|---|---|
Corporate | 95.89% | 0.00% | 129.69% | 44.10% |
Cash & Equivalents | 3.88% | 0.00% | 48.07% | 37.67% |
Derivative | 0.00% | -15.04% | 42.26% | 77.05% |
Securitized | 0.00% | 0.00% | 97.24% | 94.57% |
Municipal | 0.00% | 0.00% | 4.66% | 89.60% |
Government | 0.00% | 0.00% | 99.07% | 92.24% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TUHIX % Rank | |
---|---|---|---|---|
US | 93.20% | -3.13% | 129.21% | 49.92% |
Non US | 0.00% | 0.00% | 98.19% | 92.56% |
TUHIX - Expenses
Operational Fees
TUHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | 0.04% | 31.61% | 78.29% |
Management Fee | 0.56% | 0.00% | 1.84% | 55.80% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
TUHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TUHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 56.36% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TUHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 135.30% | 1.00% | 255.00% | 97.11% |
TUHIX - Distributions
Dividend Yield Analysis
TUHIX | Category Low | Category High | TUHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.82% | 0.00% | 11.76% | 7.24% |
Dividend Distribution Analysis
TUHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TUHIX | Category Low | Category High | TUHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.78% | -2.39% | 14.30% | 7.41% |
Capital Gain Distribution Analysis
TUHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.054 | OrdinaryDividend |
Feb 29, 2024 | $0.050 | OrdinaryDividend |
Jan 31, 2024 | $0.052 | OrdinaryDividend |
Dec 29, 2023 | $0.056 | OrdinaryDividend |
Nov 30, 2023 | $0.052 | OrdinaryDividend |
Oct 31, 2023 | $0.052 | OrdinaryDividend |
Sep 29, 2023 | $0.054 | OrdinaryDividend |
Aug 31, 2023 | $0.053 | OrdinaryDividend |
Jul 31, 2023 | $0.049 | OrdinaryDividend |
Jun 30, 2023 | $0.055 | OrdinaryDividend |
May 31, 2023 | $0.054 | OrdinaryDividend |
Apr 28, 2023 | $0.049 | OrdinaryDividend |
Mar 31, 2023 | $0.057 | OrdinaryDividend |
Feb 28, 2023 | $0.048 | OrdinaryDividend |
Jan 31, 2023 | $0.049 | OrdinaryDividend |
Dec 30, 2022 | $0.055 | OrdinaryDividend |
Nov 30, 2022 | $0.050 | OrdinaryDividend |
Oct 31, 2022 | $0.049 | OrdinaryDividend |
Sep 30, 2022 | $0.051 | OrdinaryDividend |
Aug 31, 2022 | $0.049 | OrdinaryDividend |
Jul 29, 2022 | $0.048 | OrdinaryDividend |
Jun 30, 2022 | $0.047 | OrdinaryDividend |
May 31, 2022 | $0.047 | OrdinaryDividend |
Apr 29, 2022 | $0.049 | DailyAccrualFund |
Mar 31, 2022 | $0.048 | DailyAccrualFund |
Feb 28, 2022 | $0.045 | DailyAccrualFund |
Jan 31, 2022 | $0.047 | DailyAccrualFund |
Dec 31, 2021 | $0.052 | DailyAccrualFund |
Nov 30, 2021 | $0.047 | DailyAccrualFund |
Oct 29, 2021 | $0.047 | DailyAccrualFund |
Sep 30, 2021 | $0.044 | DailyAccrualFund |
Aug 31, 2021 | $0.046 | DailyAccrualFund |
Jul 30, 2021 | $0.048 | DailyAccrualFund |
Jun 30, 2021 | $0.045 | DailyAccrualFund |
May 28, 2021 | $0.050 | DailyAccrualFund |
Apr 30, 2021 | $0.046 | DailyAccrualFund |
Mar 31, 2021 | $0.046 | DailyAccrualFund |
Feb 26, 2021 | $0.039 | DailyAccrualFund |
Jan 29, 2021 | $0.039 | DailyAccrualFund |
Dec 31, 2020 | $0.048 | DailyAccrualFund |
Nov 30, 2020 | $0.044 | DailyAccrualFund |
Oct 30, 2020 | $0.050 | DailyAccrualFund |
Sep 30, 2020 | $0.049 | DailyAccrualFund |
Aug 31, 2020 | $0.049 | DailyAccrualFund |
Jul 31, 2020 | $0.059 | DailyAccrualFund |
Jun 30, 2020 | $0.054 | DailyAccrualFund |
May 29, 2020 | $0.055 | DailyAccrualFund |
Apr 30, 2020 | $0.050 | DailyAccrualFund |
Mar 31, 2020 | $0.046 | DailyAccrualFund |
Feb 28, 2020 | $0.040 | DailyAccrualFund |
Jan 31, 2020 | $0.045 | DailyAccrualFund |
Dec 31, 2019 | $0.045 | DailyAccrualFund |
Nov 29, 2019 | $0.047 | DailyAccrualFund |
Oct 31, 2019 | $0.047 | DailyAccrualFund |
Sep 30, 2019 | $0.042 | DailyAccrualFund |
Aug 30, 2019 | $0.050 | DailyAccrualFund |
Jul 31, 2019 | $0.047 | DailyAccrualFund |
May 31, 2019 | $0.051 | DailyAccrualFund |
Apr 30, 2019 | $0.048 | DailyAccrualFund |
Mar 29, 2019 | $0.053 | DailyAccrualFund |
Feb 28, 2019 | $0.051 | DailyAccrualFund |
Jan 31, 2019 | $0.054 | DailyAccrualFund |
Dec 31, 2018 | $0.057 | DailyAccrualFund |
Nov 30, 2018 | $0.058 | DailyAccrualFund |
Oct 31, 2018 | $0.054 | DailyAccrualFund |
Aug 31, 2018 | $0.059 | DailyAccrualFund |
Jul 31, 2018 | $0.051 | DailyAccrualFund |
Jun 29, 2018 | $0.051 | DailyAccrualFund |
May 31, 2018 | $0.050 | DailyAccrualFund |
Apr 30, 2018 | $0.044 | DailyAccrualFund |
Mar 29, 2018 | $0.047 | DailyAccrualFund |
Feb 28, 2018 | $0.046 | DailyAccrualFund |
Jan 31, 2018 | $0.042 | DailyAccrualFund |
Dec 29, 2017 | $0.046 | DailyAccrualFund |
Nov 30, 2017 | $0.045 | DailyAccrualFund |
Oct 31, 2017 | $0.042 | DailyAccrualFund |
Sep 29, 2017 | $0.045 | DailyAccrualFund |
Aug 31, 2017 | $0.045 | DailyAccrualFund |
Jul 31, 2017 | $0.045 | DailyAccrualFund |
Jun 30, 2017 | $0.054 | DailyAccrualFund |
May 31, 2017 | $0.017 | DailyAccrualFund |
TUHIX - Fund Manager Analysis
Managers
Kevin Loome
Start Date
Tenure
Tenure Rank
Apr 30, 2013
9.09
9.1%
Kevin Loome, Vice President of T. Rowe Price Group, Inc. and T. Rowe Price, is the Executive Vice President and Portfolio Manager of the Philadelphia-based T. Rowe Price U.S. High Yield Fund and is chairman of its Investment Advisory Committee. Mr. Loome joined the T. Rowe Price in 2017 through T. Rowe Price’s acquisition of the Henderson High Yield Opportunities Fund. Prior to joining the firm, Mr. Loome had worked with the Henderson team since 2013, most recently as head of U.S. credit and manager of the high yield team.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |