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T. Rowe Price Institutional High Yield Fund (TRHYX)

8.73
Net Asset Value
+0.23%
1 Day
-3.75%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.50%
Expense Ratio
Average
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 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 as below investment-grade or not rated by any major credit rating agency but deemed to be below investment-grade by T. Rowe Price. Its weighted average maturity generally is expected to be in the 5- to 10-year range.

Performance

1 month-2.58% 3 years+5.26%
3 months-4.51% 5 years+7.03%
1 year-3.23% Since inception+8.35%
Data through --

Peer Comparisonvs. High yield bond

 TRHYXCategory
Performance 5-yr return+7.03%+7.61%
Expense ratio0.50%1.10%
Risk 5 year sharpe ratio1.221.08
Net assets$2.2B$1.4B
Average market cap$6.0B$10.0B
Average P/E10.423.9
Portfolio turnover66%66%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenureMark Vaselkiv / 0 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income96.53%
Other1.56%
U.S. stock1.18%
International stock0.44%
Cash0.29%
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
-- 0.91%
-- 0.84%
-- 0.77%
-- 0.74%
-- 0.68%
-- 0.60%
-- 0.58%
-- 0.53%
-- 0.53%
-- 0.53%

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