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Trending ETFs

T. Rowe Price Tax Free High Yield Fund

mutual fund
PTYIX
Dividend policy
Active
Price as of:
$12.55 -0.02 -0.16%
primary theme
High Yield Municipal Bond
PTYIX (Mutual Fund)

T. Rowe Price Tax Free High Yield Fund

Dividend policy
Active
Price as of:
$12.55 -0.02 -0.16%
primary theme
High Yield Municipal Bond
PTYIX (Mutual Fund)

T. Rowe Price Tax Free High Yield Fund

Dividend policy
Active
Price as of:
$12.55 -0.02 -0.16%
primary theme
High Yield Municipal Bond

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.55

$5.77 B

2.99%

$0.38

0.52%

Vitals

YTD Return

1.9%

1 yr return

9.1%

3 Yr Avg Return

6.0%

5 Yr Avg Return

4.2%

Net Assets

$5.77 B

Holdings in Top 10

10.0%

52 WEEK LOW AND HIGH

$12.6
$11.91
$12.81

Expenses

OPERATING FEES

Expense Ratio 0.52%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 12.80%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$12.55

$5.77 B

2.99%

$0.38

0.52%

PTYIX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.57%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Tax Free High Yield Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Nov 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Murphy

Fund Description

Normally, at least 80% of the fund's income will be exempt from federal income taxes. However, up to 20% of the fund's income could be derived from securities subject to the alternative minimum tax. It generally seeks higher yielding municipal bonds, including those that are rated noninvestment grade (BB and lower, or an equivalent rating) by a major credit rating agency or by T. Rowe Price, known as "junk" bonds.


PTYIX - Performance

Return Ranking - Trailing

Period PTYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -3.1% 4.4% 13.18%
1 Yr 9.1% 0.4% 15.5% 34.39%
3 Yr 6.0%* 2.3% 9.4% 48.61%
5 Yr 4.2%* 1.8% 7.2% 54.85%
10 Yr 5.6%* 3.5% 8.7% 52.23%

* Annualized

Return Ranking - Calendar

Period PTYIX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.2% -10.1% 4.2% 69.12%
2019 5.2% -0.7% 9.1% 47.17%
2018 -3.0% -5.7% 95.6% 67.53%
2017 3.4% -0.7% 8.6% 58.96%
2016 N/A -6.7% -0.8% N/A

Total Return Ranking - Trailing

Period PTYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -3.1% 4.4% 13.18%
1 Yr 9.1% -0.4% 15.5% 27.15%
3 Yr 6.0%* 2.3% 9.4% 39.81%
5 Yr 4.2%* 1.8% 7.2% 47.57%
10 Yr 5.6%* 3.5% 8.7% 49.68%

* Annualized

Total Return Ranking - Calendar

Period PTYIX Return Category Return Low Category Return High Rank in Category (%)
2020 -0.2% -10.1% 4.2% 69.12%
2019 5.2% -0.7% 9.1% 47.17%
2018 -3.0% -5.7% 4.2% 71.65%
2017 3.4% -0.7% 9.8% 63.58%
2016 N/A -6.3% 1.1% N/A

NAV & Total Return History


PTYIX - Holdings

Concentration Analysis

PTYIX Category Low Category High PTYIX % Rank
Net Assets 5.77 B 10.5 K 24.3 B 21.17%
Number of Holdings 1150 1 4001 23.77%
Net Assets in Top 10 576 M -38.8 M 3.37 B 15.70%
Weighting of Top 10 9.99% 1.1% 100.0% 78.03%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.42%
  2. VIRGINIA SMALL BUSINESS FING AUTH PRIVATE ACTIVITY REV 5% 1.72%
  3. VIRGINIA SMALL BUSINESS FING AUTH REV 5% 0.96%
  4. LIBERTY N Y DEV CORP REV 5.25% 0.85%
  5. PUERTO RICO COMWLTH 8% 0.82%
  6. METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0% 0.80%
  7. PUERTO RICO COMWLTH 8% 0.80%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 0.80%
  9. PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.71%
  10. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.69%

Asset Allocation

Weighting Return Low Return High PTYIX % Rank
Bonds
100.95% 0.00% 140.95% 6.28%
Stocks
0.01% -0.01% 4.52% 17.04%
Preferred Stocks
0.00% -41.33% 0.32% 85.20%
Other
0.00% -0.20% 99.99% 84.75%
Convertible Bonds
0.00% 0.00% 0.00% 85.20%
Cash
-0.96% -4.96% 99.53% 95.52%

Stock Sector Breakdown

Weighting Return Low Return High PTYIX % Rank
Consumer Cyclical
77.04% 0.00% 77.04% 37.50%
Basic Materials
18.37% 18.37% 100.00% 100.00%
Industrials
4.59% 0.00% 4.59% 37.50%
Utilities
0.00% 0.00% 0.00% 100.00%
Technology
0.00% 0.00% 0.00% 100.00%
Real Estate
0.00% 0.00% 0.00% 100.00%
Healthcare
0.00% 0.00% 0.00% 100.00%
Financial Services
0.00% 0.00% 0.00% 100.00%
Energy
0.00% 0.00% 0.00% 100.00%
Communication Services
0.00% 0.00% 0.00% 100.00%
Consumer Defense
0.00% 0.00% 0.00% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High PTYIX % Rank
US
0.01% -0.01% 4.52% 14.80%
Non US
0.00% 0.00% 0.01% 85.20%

Bond Sector Breakdown

Weighting Return Low Return High PTYIX % Rank
Municipal
99.81% 0.00% 100.00% 22.42%
Cash & Equivalents
0.19% 0.00% 100.00% 78.92%
Derivative
0.00% 0.00% 0.02% 87.00%
Securitized
0.00% 0.00% 20.38% 85.20%
Corporate
0.00% 0.00% 4.15% 91.48%
Government
0.00% 0.00% 0.33% 86.55%

Bond Geographic Breakdown

Weighting Return Low Return High PTYIX % Rank
US
89.92% 0.00% 134.92% 61.43%
Non US
11.03% 0.00% 16.00% 11.66%

PTYIX - Expenses

Operational Fees

PTYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.05% 2.56% 90.29%
Management Fee 0.59% 0.00% 1.00% 82.51%
12b-1 Fee N/A 0.00% 1.00% 12.30%
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

PTYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PTYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 84.62%

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.

PTYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.80% 7.00% 250.00% 15.81%

PTYIX - Distributions

Dividend Yield Analysis

PTYIX Category Low Category High PTYIX % Rank
Dividend Yield 2.99% 0.00% 1.79% 85.65%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PTYIX Category Low Category High PTYIX % Rank
Net Income Ratio 3.57% 0.75% 6.78% 38.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PTYIX - Fund Manager Analysis

Managers

James Murphy


Start Date

Tenure

Tenure Rank

Jan 19, 2001

20.71

20.7%

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
0.06 23.52 7.36 1.86