PRIHX: T. Rowe Price Intermediate Tax-Free High Yield Fund - MutualFunds.com
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T. Rowe Price Interm Tx-Fr Hi Yld

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

$10.60
$9.67
$10.80

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

Compare PRIHX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Nuveen High Yield Municipal Bond Fund

Fund

$17.81

+0.06%

$20.00 B

0.00%

$0.00

1.02%

-

Invesco High Yield Municipal Fund

Fund

$10.24

0.00%

$10.20 B

-

$0.00

0.69%

-

Goldman Sachs High Yield Municipal Fund

Fund

$10.52

+0.10%

$9.56 B

-

$0.00

0.96%

-

MainStay MacKay High Yield Municipal Bond Fund

Fund

$13.30

+0.08%

$9.36 B

0.00%

$0.00

0.83%

-

American High-Income Municipal Bond Fund®

Fund

$16.69

+0.06%

$8.17 B

-

$0.00

0.72%

-

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Intermediate Tax-Free High Yield Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Jul 24, 2014
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James 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

  1. TOBACCO SETTLEMENT FING CORP N J 5% 1.95%
  2. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 1.49%
  3. VIRGINIA SMALL BUSINESS FING AUTH REV 5% 1.45%
  4. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 1.33%
  5. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 1.01%
  6. NEW ORLEANS LA SEW SVC REV 5% 0.98%
  7. OKLAHOMA DEV FIN AUTH HEALTH SYS REV 5% 0.93%
  8. TUSTIN CALIF CMNTY FACS DIST SPL TAX 5% 0.93%
  9. MACON-BIBB CNTY GA URBAN DEV AUTH REV 5% 0.92%
  10. 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

View More +

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

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