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 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.


1 month+2.12% 3 years+7.56%
3 months+2.19% 5 years+8.85%
1 year+2.46% Since inception+8.49%
Data through --

Peer Comparisonvs. High yield bond

Performance 5-yr return+8.85%+7.86%
Expense ratio0.50%1.12%
Risk 5 year sharpe ratio1.261.22
Net assets$2.2B$1.4B
Average market cap$17.7B$11.3B
Average P/E29.522.0
Portfolio turnover59%59%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenurePaul Karpers / 7 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


Fixed income94.08%
U.S. stock1.41%
International stock0.26%
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
-- 1.22%
-- 1.00%
-- 0.96%
-- 0.91%
-- 0.76%
-- 0.72%
-- 0.67%
-- 0.66%
-- 0.59%
-- 0.59%

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