T. Rowe Price High-Yield Fund (PRHYX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income and, secondarily, capital appreciation. 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.


1 month-1.48% 3 years+10.36%
3 months-1.70% 5 years+9.86%
1 year+5.30% Since inception+8.65%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+9.86%+9.39%
Expense ratio0.75%1.13%
Risk 5 year sharpe ratio1.471.47
Net assets$9.7B$1.6B
Average market cap$16.8B$10.8B
Average P/E--19.0
Portfolio turnover56%56%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureMark Vaselkiv / 18 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


Fixed income94.29%
U.S. stock1.69%
International stock0.50%
Top 5 Sectors
Portfolio weighting
Consumer goods 36.00%
Telecommunication 22.40%
Financial service 19.68%
Consumer service 8.00%
Energy 6.99%
Top 10 Holdings
Portfolio weighting
-- First Data 12.625%0.89%
-- Chrysler Grp Llc / Cg Co-Iss 8.25%0.80%
-- Sprint 144A 7.125%0.72%
-- Arqiva Broadcasting0.65%
-- Sprint Nextel 11.5%0.64%
-- Chs / Cmnty Health Sys 144A 6.875%0.63%
-- Concho Res 5.5%0.55%
-- Vpi Escrow 144A 6.375%0.53%
-- First Data 144A 6.75%0.53%
-- Chesapeake Engy 5.75%0.52%

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