T. Rowe Price Institutional High Yield Fund (TRHYX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks high current income and- secondarily- capital appreciation. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) 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.


1 month-0.41% 3 years+4.25%
3 months-0.27% 5 years+4.43%
1 year+2.19% Since inception+7.86%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+4.43%+3.82%
Expense ratio0.50%1.04%
Risk 5 year sharpe ratio0.830.74
Net assets$1.5B$1.3B
Average market cap$6.5B$7.7B
Average P/E----
Portfolio turnover79%79%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureMark Vaselkiv / 2 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


Fixed income93.03%
U.S. stock1.01%
International stock0.01%
Top 5 Sectors
Portfolio weighting
Consumer goods 39.26%
Telecommunication 22.94%
Financial service 21.80%
Consumer service 8.23%
Energy 7.77%
Top 10 Holdings
Portfolio weighting
-- 1.04%
-- 0.97%
-- 0.91%
-- 0.90%
-- 0.88%
-- 0.83%
-- 0.81%
-- 0.78%
-- 0.78%
-- 0.76%