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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$6.65

$8.59 B

4.96%

$0.33

0.70%

Vitals

YTD Return

0.2%

1 yr return

10.4%

3 Yr Avg Return

6.4%

5 Yr Avg Return

5.9%

Net Assets

$8.59 B

Holdings in Top 10

9.8%

52 WEEK LOW AND HIGH

$6.7
$6.36
$6.73

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 55.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$6.65

$8.59 B

4.96%

$0.33

0.70%

PRHYX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.13%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price High Yield Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 31, 1984
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rodney Rayburn

Fund Description

The fund will normally invest at least 80% of its net assets in a widely diversified portfolio of high yield corporate bonds, often called "junk" bonds, as well as income-producing convertible securities and preferred stocks that are rated below investment grade or not rated by any major credit rating agency but deemed to be below investment grade by T. Rowe Price. High yield bonds are rated below investment grade (BB and lower, or an equivalent rating), and tend to provide high income in an effort to compensate investors for their higher risk of default.


PRHYX - Performance

Return Ranking - Trailing

Period PRHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -69.1% 18.4% 53.83%
1 Yr 10.4% -16.2% 44.9% 53.58%
3 Yr 6.4%* -14.6% 17.4% 32.69%
5 Yr 5.9%* -7.1% 13.4% 37.30%
10 Yr 7.0%* 2.5% 10.8% 21.98%

* Annualized

Return Ranking - Calendar

Period PRHYX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.6% -75.1% 399.1% 56.09%
2019 8.4% -56.9% 226.1% 37.86%
2018 -8.9% -61.3% -0.4% 71.41%
2017 1.7% -49.0% 18.8% 33.00%
2016 7.6% -25.2% 28.6% 47.31%

Total Return Ranking - Trailing

Period PRHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -69.1% 18.4% 54.35%
1 Yr 10.4% -18.7% 52.4% 45.80%
3 Yr 6.4%* -14.6% 16.3% 30.55%
5 Yr 5.9%* -7.1% 12.7% 34.76%
10 Yr 7.0%* 2.5% 10.8% 20.39%

* Annualized

Total Return Ranking - Calendar

Period PRHYX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.6% -75.1% 399.1% 56.09%
2019 8.4% -56.9% 23.9% 40.71%
2018 -8.9% -61.3% 0.9% 75.95%
2017 1.7% -49.0% 18.8% 47.00%
2016 7.6% -25.2% 39.0% 57.17%

NAV & Total Return History


PRHYX - Holdings

Concentration Analysis

PRHYX Category Low Category High PRHYX % Rank
Net Assets 8.59 B 3.09 M 29.8 B 7.85%
Number of Holdings 561 1 2534 23.64%
Net Assets in Top 10 839 M -557 M 4.07 B 7.18%
Weighting of Top 10 9.75% 2.6% 100.0% 63.59%

Top 10 Holdings

  1. T. Rowe Price Gov. Reserve 1.61%
  2. Asurion 1.51%
  3. AVANTOR INC 9% 1.49%
  4. Targa Resources Co 9.5% 1.23%
  5. iHeartCommunications Inc 8.375% 1.22%
  6. Asurion 1.16%
  7. Pacific Gas and Electric Company 6.05% 0.90%
  8. Asurion 0.81%
  9. Clarios Global Lp 8.5% 0.81%
  10. T-Mobile US, Inc. 7.125% 0.76%

Asset Allocation

Weighting Return Low Return High PRHYX % Rank
Bonds
94.01% 0.00% 149.08% 52.60%
Preferred Stocks
2.40% 0.00% 13.89% 3.09%
Stocks
1.66% 0.00% 38.15% 22.77%
Cash
1.00% -46.64% 100.00% 74.01%
Convertible Bonds
0.92% 0.00% 18.19% 64.48%
Other
0.00% -53.57% 32.06% 42.82%

Stock Sector Breakdown

Weighting Return Low Return High PRHYX % Rank
Utilities
66.00% 0.00% 100.00% 4.27%
Communication Services
21.80% 0.00% 100.00% 15.58%
Basic Materials
12.20% 0.00% 100.00% 11.87%
Technology
0.00% 0.00% 60.77% 36.92%
Real Estate
0.00% 0.00% 100.00% 28.76%
Industrials
0.00% 0.00% 100.00% 46.20%
Healthcare
0.00% 0.00% 42.86% 35.81%
Financial Services
0.00% 0.00% 100.00% 44.90%
Energy
0.00% 0.00% 100.00% 82.56%
Consumer Defense
0.00% 0.00% 100.00% 32.65%
Consumer Cyclical
0.00% 0.00% 100.00% 43.60%

Stock Geographic Breakdown

Weighting Return Low Return High PRHYX % Rank
US
1.66% -1.89% 35.96% 21.91%
Non US
0.00% -0.04% 5.61% 46.91%

Bond Sector Breakdown

Weighting Return Low Return High PRHYX % Rank
Corporate
97.55% 0.00% 100.00% 27.88%
Cash & Equivalents
1.70% 0.00% 100.00% 74.85%
Municipal
0.54% 0.00% 11.89% 0.74%
Government
0.20% 0.00% 76.79% 27.39%
Derivative
0.01% 0.00% 42.24% 27.26%
Securitized
0.00% 0.00% 94.09% 52.91%

Bond Geographic Breakdown

Weighting Return Low Return High PRHYX % Rank
US
82.11% 0.00% 135.50% 40.22%
Non US
11.90% 0.00% 96.92% 54.83%

PRHYX - Expenses

Operational Fees

PRHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.03% 4.79% 63.53%
Management Fee 0.58% 0.00% 1.84% 60.03%
12b-1 Fee N/A 0.00% 1.00% 1.27%
Administrative Fee 0.15% 0.00% 0.50% 70.05%

Sales Fees

PRHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

PRHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 7.27%

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.

PRHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 347.00% 29.89%

PRHYX - Distributions

Dividend Yield Analysis

PRHYX Category Low Category High PRHYX % Rank
Dividend Yield 4.96% 0.00% 34.04% 22.97%

Dividend Distribution Analysis

PRHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PRHYX Category Low Category High PRHYX % Rank
Net Income Ratio 5.13% -2.39% 10.53% 38.04%

Capital Gain Distribution Analysis

PRHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Semi-Monthly

Dividend Payout History

View More +

PRHYX - Fund Manager Analysis

Managers

Rodney Rayburn


Start Date

Tenure

Tenure Rank

Jan 14, 2019

2.71

2.7%

Rodney Rayburn is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Division. He is president and chairman of the Investment Advisory Committee of the Credit Opportunities Fund. Prior to joining T. Rowe Price in 2014, Rodney spent five years as a managing director at Värde Partners in Minneapolis, where he was actively involved in performing and nonperforming loans, bonds, and reorganized equities across a variety of industries. Prior to that, he was a senior investment analyst at Stark Investments in Milwaukee. Rodney earned a B.S. in economics from the Georgia Institute of Technology and an M.B.A. in finance and economics from the University of Chicago Booth School of Business. He also has earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 37.13 6.87 2.25