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Trending ETFs

T. Rowe Price High Yield Fund

mutual fund
PRHIX
Dividend policy
Active
Price as of:
$6.7 +0.0 +0%
primary theme
High Yield Bond
PRHIX (Mutual Fund)

T. Rowe Price High Yield Fund

Dividend policy
Active
Price as of:
$6.7 +0.0 +0%
primary theme
High Yield Bond
PRHIX (Mutual Fund)
T. Rowe Price High Yield Fund
Dividend policy
Active
Price as of:
$6.7 +0.0 +0%
primary theme
High Yield Bond

PRHIX - Snapshot

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 6.9%
  • Net Assets $8.53 B
  • Holdings in Top 10 9.4%

52 WEEK LOW AND HIGH

$6.70
$6.33
$6.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 55.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme High Yield Bond
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare PRHIX to Popular High Yield Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$6.00

0.00%

$29.65 B

4.29%

$0.26

blocked
blocked
blocked

0.33%

0.23%

$7.91

0.00%

$23.58 B

4.39%

$0.35

blocked
blocked
blocked

1.54%

0.62%

$5.59

0.00%

$22.71 B

4.92%

$0.27

blocked
blocked
blocked

1.45%

0.80%

$10.55

0.00%

$19.41 B

5.01%

$0.53

blocked
blocked
blocked

4.04%

0.73%

$11.28

-0.18%

$14.99 B

3.13%

$0.35

blocked
blocked
blocked

5.22%

0.68%

Compare PRHIX to Popular High Yield Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$87.84

-0.14%

$20.37 B

4.43%

$3.89

blocked
blocked
blocked

0.62%

0.48%

$109.77

-0.12%

$9.78 B

4.56%

$5.01

blocked
blocked
blocked

0.76%

0.40%

$40.27

-0.10%

$6.88 B

4.74%

$1.91

blocked
blocked
blocked

-19.60%

0.15%

$45.85

-0.07%

$5.30 B

4.98%

$2.28

blocked
blocked
blocked

0.90%

0.30%

$27.45

-0.11%

$5.12 B

4.58%

$1.26

blocked
blocked
blocked

1.86%

0.40%

PRHIX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.24%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price High Yield Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Aug 28, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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.


PRHIX - Performance

Return Ranking - Trailing

Period PRHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -69.0% 13.0% 51.28%
1 Yr 14.0% -14.1% 50.8% 62.13%
3 Yr 6.9%* -11.6% 17.7% 33.15%
5 Yr 6.9%* -5.3% 13.9% 34.51%
10 Yr 6.2%* 1.4% 9.9% 23.46%

* Annualized

Return Ranking - Calendar

Period PRHIX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.6% -75.1% 399.1% 56.26%
2019 8.4% -56.9% 226.1% 37.41%
2018 -8.9% -61.3% -0.4% 71.24%
2017 1.7% -49.0% 18.8% 32.68%
2016 7.6% -25.2% 28.6% 46.71%

Total Return Ranking - Trailing

Period PRHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -69.0% 13.0% 51.41%
1 Yr 14.0% -16.7% 57.3% 53.53%
3 Yr 6.9%* -11.6% 16.5% 30.62%
5 Yr 6.9%* -5.3% 13.2% 31.11%
10 Yr 6.2%* 1.4% 9.9% 21.68%

* Annualized

Total Return Ranking - Calendar

Period PRHIX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.6% -75.1% 399.1% 56.26%
2019 8.4% -56.9% 23.9% 40.65%
2018 -8.9% -61.3% 1.3% 76.30%
2017 1.7% -49.0% 18.8% 47.29%
2016 7.6% -25.2% 39.0% 57.02%

NAV & Total Return History


PRHIX - Holdings

Concentration Analysis

PRHIX Category Low Category High PRHIX % Rank
Net Assets 8.53 B 3.71 M 29.6 B 8.20%
Number of Holdings 555 1 2442 24.06%
Net Assets in Top 10 799 M -493 M 3.93 B 9.73%
Weighting of Top 10 9.35% 2.5% 100.0% 66.71%

Top 10 Holdings

  1. Asurion 1.51%
  2. T. Rowe Price Gov. Reserve 1.51%
  3. AVANTOR INC 9% 1.49%
  4. Targa Resources Co 9.5% 1.24%
  5. iHeartCommunications Inc 8.38% 1.24%
  6. Pacific Gas and Electric Company 6.05% 0.90%
  7. Clarios Global Lp 8.5% 0.83%
  8. Asurion 0.82%
  9. Intelsat Jackson Holdings, Ltd. 9.5% 0.80%
  10. T-Mobile US, Inc. 7.12% 0.78%

Asset Allocation

Weighting Return Low Return High PRHIX % Rank
Bonds
93.07% 0.00% 147.88% 58.10%
Preferred Stocks
2.33% 0.00% 19.22% 4.36%
Stocks
1.91% -10.91% 31.60% 17.96%
Cash
1.77% -44.84% 100.00% 64.71%
Convertible Bonds
0.91% 0.00% 19.02% 74.06%
Other
0.00% -52.60% 32.06% 55.49%

Stock Sector Breakdown

Weighting Return Low Return High PRHIX % Rank
Utilities
68.37% 0.00% 100.00% 3.93%
Communication Services
20.86% 0.00% 100.00% 14.77%
Basic Materials
10.77% 0.00% 100.00% 14.95%
Technology
0.00% 0.00% 61.28% 48.22%
Real Estate
0.00% 0.00% 100.00% 46.17%
Industrials
0.00% 0.00% 100.00% 59.07%
Healthcare
0.00% 0.00% 44.61% 53.46%
Financial Services
0.00% 0.00% 100.00% 55.51%
Energy
0.00% 0.00% 100.00% 87.66%
Consumer Defense
0.00% 0.00% 100.00% 42.99%
Consumer Cyclical
0.00% 0.00% 100.00% 58.13%

Stock Geographic Breakdown

Weighting Return Low Return High PRHIX % Rank
US
1.91% -13.16% 30.16% 17.33%
Non US
0.00% 0.00% 14.47% 57.86%

Bond Sector Breakdown

Weighting Return Low Return High PRHIX % Rank
Corporate
97.59% 0.00% 100.00% 22.47%
Cash & Equivalents
1.84% 0.00% 100.00% 75.66%
Municipal
0.52% 0.00% 11.44% 1.62%
Government
0.04% 0.00% 71.25% 34.33%
Derivative
0.01% 0.00% 46.55% 26.09%
Securitized
0.00% 0.00% 95.33% 63.92%

Bond Geographic Breakdown

Weighting Return Low Return High PRHIX % Rank
US
81.72% 0.00% 123.46% 40.90%
Non US
11.35% 0.00% 97.21% 63.59%

PRHIX - Expenses

Operational Fees

PRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 4.79% 75.38%
Management Fee 0.59% 0.00% 1.84% 59.05%
12b-1 Fee N/A 0.00% 1.00% 1.90%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PRHIX 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

PRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 5.45%

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.

PRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 349.00% 31.68%

PRHIX - Distributions

Dividend Yield Analysis

PRHIX Category Low Category High PRHIX % Rank
Dividend Yield 4.65% 0.00% 3.95% 40.74%

Dividend Distribution Analysis

PRHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PRHIX Category Low Category High PRHIX % Rank
Net Income Ratio 5.24% -2.17% 10.53% 37.05%

Capital Gain Distribution Analysis

PRHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PRHIX - Fund Manager Analysis

Managers

Rodney Rayburn


Start Date

Tenure

Tenure Rank

Jan 14, 2019

2.46

2.5%

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
0.06 36.88 6.82 2.0