T Rowe Price High Yield Fund Advisor (PAHIX)
5.98
0.00 (0.00%)
USD |
Jan 30 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.04% | 6.575B | -- | 43.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -805.23M | 7.30% |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income and, secondarily, capital appreciation by investing at least 80% of assets in a widely diversified portfolio of high-yield corporate bonds, often called "junk" bonds, income-producing convertible securities, and preferred stocks. Bonds will be those rated below investment grade. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond Global High Yield USD |
| Peer Group | Global High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Global High Yield Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
97
-220.41M
Peer Group Low
90.95M
Peer Group High
1 Year
% Rank:
98
-805.23M
-805.23M
Peer Group Low
593.32M
Peer Group High
3 Months
% Rank:
95
-408.05M
Peer Group Low
88.48M
Peer Group High
3 Years
% Rank:
98
-2.175B
Peer Group Low
982.83M
Peer Group High
6 Months
% Rank:
98
-311.08M
Peer Group Low
156.85M
Peer Group High
5 Years
% Rank:
98
-3.419B
Peer Group Low
2.372B
Peer Group High
YTD
% Rank:
96
-220.41M
Peer Group Low
90.95M
Peer Group High
10 Years
% Rank:
98
-6.715B
Peer Group Low
2.372B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 01, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 1.33% |
| Stock | 0.15% |
| Bond | 94.84% |
| Convertible | 0.00% |
| Preferred | 1.76% |
| Other | 1.92% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Government Money Fund | 2.59% | 1.00 | 0.00% |
|
Other Assets less Liabilities
|
1.76% | -- | -- |
| CLOUD SOFTWARE GROUP, INC. CLOUDSO 9.0 09/30/2029 FIX USD Corporate 144A | 1.41% | 101.13 | 0.19% |
| UKG INC. UKGINC 6.875 02/01/2031 FIX USD Corporate 144A | 0.97% | 99.98 | -0.07% |
|
Asurion LLC 30-JAN-2029 Term Loan
|
0.89% | -- | -- |
|
Asurion LLC 03-FEB-2028 Term Loan
|
0.84% | -- | -- |
| RIVIAN HOLDINGS, LLC RIVIHOL 10.0 01/15/2031 FIX USD Corporate 144A | 0.81% | 94.35 | -0.03% |
| EchoStar Corporation ECHO 10.75 11/30/2029 FIX USD Corporate | 0.80% | 109.69 | 0.05% |
| Carvana Co. CARVCO 9.0 06/01/2031 VAR USD Corporate 144A | 0.73% | 110.11 | -0.27% |
| Talen Energy Supply, LLC TALEENE 8.625 06/01/2030 FIX USD Corporate 144A | 0.73% | 105.54 | 0.05% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.58% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income and, secondarily, capital appreciation by investing at least 80% of assets in a widely diversified portfolio of high-yield corporate bonds, often called "junk" bonds, income-producing convertible securities, and preferred stocks. Bonds will be those rated below investment grade. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond Global High Yield USD |
| Peer Group | Global High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Global High Yield Funds |
| Fund Owner Firm Name | T. Rowe Price |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (1-30-26) | 6.39% |
| 30-Day SEC Yield (12-31-25) | 5.53% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 431 |
| Bond | |
| Yield to Maturity (12-31-25) | 5.58% |
| Effective Duration | 3.31 |
| Average Coupon | 7.43% |
| Calculated Average Quality | 5.729 |
| Effective Maturity | 5.591 |
| Nominal Maturity | 5.810 |
| Number of Bond Holdings | 410 |
As of December 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:PAHIX", "name") |
| Broad Asset Class: =YCI("M:PAHIX", "broad_asset_class") |
| Broad Category: =YCI("M:PAHIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:PAHIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |