T. Rowe Price Interm Tx-Fr Hi Yld
- PRIHX
- Price as of: Jan 15, 2021
-
$10.60
N/A N/A
- Primary Theme
- High Yield Municipal Bond
- Fund Company
- T. Rowe Price
- Share Class
PRIHX - Snapshot
Vitals
- YTD Return 0.5%
- 3 Yr Annualized Return 3.5%
- 5 Yr Annualized Return 3.5%
- Net Assets $65.5 M
- Holdings in Top 10 11.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.05%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 11.30%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $1,000
Fund Classification
-
Primary Theme
High Yield Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Muni
PRIHX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.94%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameT. Rowe Price Intermediate Tax-Free High Yield Fund
-
Fund Family NameT. Rowe Price
-
Inception DateJul 24, 2014
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames Murphy
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in securities whose interest is free from federal income taxes. However, up to 20% of its income could be derived from securities subject to the alternative minimum tax. Although the fund may purchase securities of any maturity, the fund normally maintains a weighted average effective maturity of between three and 10 years. Targeting effective maturity gives the portfolio manager additional flexibility.
PRIHX - Performance
Return Ranking - Trailing
Period | PRIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -0.7% | 1.4% | 76.39% |
1 Yr | 2.3% | -7.3% | 8.0% | 81.57% |
3 Yr | 3.5%* | 2.1% | 9.9% | 89.90% |
5 Yr | 3.5%* | 2.5% | 8.4% | 89.50% |
10 Yr | N/A* | 3.8% | 9.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | PRIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -0.6% | -10.1% | 4.2% | 72.86% |
2019 | 3.7% | -0.7% | 11.7% | 86.34% |
2018 | -1.5% | -5.7% | 95.6% | 32.46% |
2017 | 3.2% | -0.7% | 8.6% | 64.12% |
2016 | -1.9% | -6.7% | -0.8% | 16.67% |
Total Return Ranking - Trailing
Period | PRIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.5% | -0.7% | 1.3% | 75.93% |
1 Yr | 2.3% | -7.3% | 8.0% | 58.99% |
3 Yr | 3.5%* | 1.8% | 9.9% | 79.81% |
5 Yr | 3.5%* | 2.2% | 8.4% | 84.50% |
10 Yr | N/A* | 3.8% | 9.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PRIHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -0.6% | -10.1% | 4.2% | 72.86% |
2019 | 3.7% | -0.7% | 12.0% | 86.34% |
2018 | -1.5% | -5.7% | 4.2% | 38.22% |
2017 | 3.2% | -0.7% | 9.8% | 65.88% |
2016 | -1.9% | -6.1% | 1.1% | 21.60% |
NAV & Total Return History
PRIHX - Holdings
Concentration Analysis
PRIHX | Category Low | Category High | PRIHX % Rank | |
---|---|---|---|---|
Net Assets | 65.5 M | 501 K | 20 B | 92.59% |
Number of Holdings | 269 | 5 | 3457 | 71.89% |
Net Assets in Top 10 | 7.66 M | -38.2 M | 2.5 B | 96.77% |
Weighting of Top 10 | 11.85% | 4.1% | 99.9% | 70.23% |
Top 10 Holdings
- TOBACCO SETTLEMENT FING CORP N J 5% 1.95%
- PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 1.49%
- VIRGINIA SMALL BUSINESS FING AUTH REV 5% 1.45%
- NEW YORK TRANSN DEV CORP SPL FAC REV 5% 1.33%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 1.01%
- NEW ORLEANS LA SEW SVC REV 5% 0.98%
- OKLAHOMA DEV FIN AUTH HEALTH SYS REV 5% 0.93%
- TUSTIN CALIF CMNTY FACS DIST SPL TAX 5% 0.93%
- MACON-BIBB CNTY GA URBAN DEV AUTH REV 5% 0.92%
- PARK CREEK MET DIST COLO REV 5% 0.92%
Asset Allocation
Weighting | Return Low | Return High | PRIHX % Rank | |
---|---|---|---|---|
Bonds | 99.57% | 59.70% | 143.82% | 35.02% |
Cash | 0.43% | -0.67% | 38.20% | 58.53% |
Stocks | 0.00% | 0.00% | 2.80% | 80.18% |
Preferred Stocks | 0.00% | -43.98% | 0.00% | 76.04% |
Other | 0.00% | 0.00% | 1.72% | 80.18% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 77.88% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PRIHX % Rank | |
---|---|---|---|---|
Municipal | 99.57% | 60.98% | 100.00% | 34.56% |
Cash & Equivalents | 0.43% | 0.00% | 39.02% | 62.67% |
Derivative | 0.00% | 0.00% | 0.23% | 77.88% |
Securitized | 0.00% | 0.00% | 17.71% | 77.88% |
Corporate | 0.00% | 0.00% | 12.53% | 84.79% |
Government | 0.00% | 0.00% | 0.83% | 78.80% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PRIHX % Rank | |
---|---|---|---|---|
US | 92.96% | 59.70% | 136.78% | 48.39% |
Non US | 6.61% | 0.00% | 12.73% | 35.48% |
PRIHX - Expenses
Operational Fees
PRIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.05% | 0.18% | 7.04% | 39.35% |
Management Fee | 0.49% | 0.00% | 1.60% | 42.40% |
12b-1 Fee | N/A | 0.00% | 1.00% | 20.49% |
Administrative Fee | N/A | 0.01% | 0.35% | 84.21% |
Sales Fees
PRIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
PRIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 61.54% |
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.
PRIHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.30% | 5.10% | 314.00% | 10.19% |
PRIHX - Distributions
Dividend Yield Analysis
PRIHX | Category Low | Category High | PRIHX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.36% | 77.88% |
Dividend Distribution Analysis
PRIHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PRIHX | Category Low | Category High | PRIHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.94% | -0.98% | 6.28% | 75.46% |
Capital Gain Distribution Analysis
PRIHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.026 |
Feb 28, 2019 | $0.024 |
Jan 31, 2019 | $0.025 |
Dec 31, 2018 | $0.025 |
Nov 30, 2018 | $0.027 |
Oct 31, 2018 | $0.026 |
Aug 31, 2018 | $0.027 |
Jul 31, 2018 | $0.023 |
Jun 29, 2018 | $0.024 |
May 31, 2018 | $0.024 |
Apr 30, 2018 | $0.023 |
Mar 29, 2018 | $0.024 |
Feb 28, 2018 | $0.025 |
Jan 31, 2018 | $0.022 |
Dec 29, 2017 | $0.024 |
Nov 30, 2017 | $0.024 |
Oct 31, 2017 | $0.023 |
Sep 29, 2017 | $0.025 |
Aug 31, 2017 | $0.024 |
Jul 31, 2017 | $0.022 |
Jun 30, 2017 | $0.025 |
May 31, 2017 | $0.023 |
Apr 28, 2017 | $0.022 |
Mar 31, 2017 | $0.025 |
Feb 28, 2017 | $0.024 |
Jan 31, 2017 | $0.021 |
Dec 30, 2016 | $0.024 |
Nov 30, 2016 | $0.023 |
Oct 31, 2016 | $0.021 |
Sep 30, 2016 | $0.024 |
Aug 31, 2016 | $0.022 |
Jul 29, 2016 | $0.022 |
Jun 30, 2016 | $0.022 |
May 31, 2016 | $0.022 |
Apr 29, 2016 | $0.023 |
Mar 31, 2016 | $0.023 |
Feb 29, 2016 | $0.024 |
Jan 29, 2016 | $0.020 |
Dec 31, 2015 | $0.024 |
Nov 30, 2015 | $0.021 |
Oct 30, 2015 | $0.024 |
Sep 30, 2015 | $0.023 |
Aug 31, 2015 | $0.019 |
Jul 31, 2015 | $0.024 |
Jun 30, 2015 | $0.021 |
May 29, 2015 | $0.021 |
Apr 30, 2015 | $0.020 |
Mar 31, 2015 | $0.018 |
Feb 27, 2015 | $0.023 |
Jan 30, 2015 | $0.022 |
Dec 31, 2014 | $0.023 |
Nov 28, 2014 | $0.023 |
Oct 31, 2014 | $0.023 |
Sep 30, 2014 | $0.021 |
Aug 29, 2014 | $0.009 |
PRIHX - Fund Manager Analysis
Managers
James Murphy
Start Date
Tenure
Tenure Rank
Jul 24, 2014
6.44
6.4%
Mr. Murphy, who joined T. Rowe Price in 2000, is a Vice President of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc., and Portfolio Manager in the Fixed Income Division managing the firm's tax-free high-yield strategy. Mr. Murphy received a B.S. in finance from the University of Delaware and an M.B.A. in finance from Seton Hall University. He has also earned the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.16 | 22.77 | 7.14 | 1.11 |