T Rowe Price High Yield Fund (PRHYX)
5.89
0.00 (0.00%)
USD |
Aug 24 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.70% | 6.462B | -- | 43.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -539.50M | 4.69% |
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 USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | 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:
5
-459.31M
Peer Group Low
396.85M
Peer Group High
1 Year
% Rank:
91
-539.50M
-2.912B
Peer Group Low
2.441B
Peer Group High
3 Months
% Rank:
13
-2.604B
Peer Group Low
2.240B
Peer Group High
3 Years
% Rank:
98
-4.341B
Peer Group Low
15.04B
Peer Group High
6 Months
% Rank:
91
-2.720B
Peer Group Low
2.581B
Peer Group High
5 Years
% Rank:
93
-6.873B
Peer Group Low
16.33B
Peer Group High
YTD
% Rank:
90
-2.959B
Peer Group Low
2.670B
Peer Group High
10 Years
% Rank:
98
-9.741B
Peer Group Low
11.02B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 25, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.09% |
| Stock | 0.47% |
| Bond | 94.98% |
| Convertible | 0.00% |
| Preferred | 1.98% |
| Other | 1.48% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| T Rowe Price Government Money Fund | 1.74% | 1.00 | 0.00% |
|
Other Assets less Liabilities
|
1.30% | -- | -- |
| EchoStar Corporation ECHO 10.75 11/30/2029 FIX USD Corporate | 0.88% | 107.95 | -0.12% |
| LIFEPOINT HEALTH, INC. LIFEPOH 10.0 06/01/2032 FIX USD Corporate 144A | 0.85% | 97.32 | -0.19% |
| RIVIAN HOLDINGS, LLC RIVIHOL 10.0 01/15/2031 FIX USD Corporate 144A | 0.85% | 101.95 | 0.32% |
| 1261229 B.C. LTD. BCEC 10.0 04/15/2032 FIX USD Corporate 144A | 0.76% | 102.84 | -0.06% |
| Carvana Co. CARVCO 9.0 06/01/2031 VAR USD Corporate 144A | 0.74% | 110.33 | -0.14% |
| TransDigm Inc. TRADIG 6.875 12/15/2030 FIX USD Corporate 144A | 0.74% | 102.51 | -0.09% |
|
Hologic Inc Term Loan
|
0.70% | -- | -- |
| ALLIANT HOLDINGS INTERMEDIATE, LLC ALLIHOAH 7.0 01/15/2031 FIX USD Corporate 144A | 0.63% | 101.13 | 0.15% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.46% |
| 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 |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
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 USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | 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 (8-24-26) | 6.81% |
| 30-Day SEC Yield (7-31-26) | 6.27% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 444 |
| Bond | |
| Yield to Maturity (6-30-26) | 6.18% |
| Effective Duration | 3.31 |
| Average Coupon | 7.38% |
| Calculated Average Quality | 5.620 |
| Effective Maturity | 5.883 |
| Nominal Maturity | 6.019 |
| Number of Bond Holdings | 417 |
As of June 30, 2026
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:PRHYX", "name") |
| Broad Asset Class: =YCI("M:PRHYX", "broad_asset_class") |
| Broad Category: =YCI("M:PRHYX", "broad_category_group") |
| Prospectus Objective: =YCI("M:PRHYX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |