T. Rowe Price Institutional High Yield Fund (TRHYX)

9.02
Net Asset Value
+0.33%
1 Day
-7.11%
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-2.21% 3 years+8.56%
3 months-3.43% 5 years+8.62%
1 year+1.78% Since inception+8.71%
Data through --

Peer Comparisonvs. High yield bond

 TRHYXCategory
Performance 5-yr return+8.62%+9.39%
Expense ratio0.50%1.13%
Risk 5 year sharpe ratio1.411.39
Net assets$2.4B$1.5B
Average market cap$12.3B$11.0B
Average P/E--18.7
Portfolio turnover59%59%

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Fund Management and Purchase Info

Fund familyT. Rowe Price
Fund manager & tenurePaul Karpers / 6 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income94.06%
Cash2.61%
Other1.64%
U.S. stock1.49%
International stock0.20%
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
-- First Data 12.625%1.17%
-- Sprint 144A 7.125%0.93%
-- Univision Comms 144A 5.125%0.90%
-- Concho Res 5.5%0.74%
-- Cco Hldgs Llc / Cco Hldgs Cap 6.625%0.71%
-- Arqiva Broadcasting0.66%
-- Walter Invt Mgmt 144A 7.875%0.57%
-- Netflix 5.375%0.55%
-- Vpi Escrow 144A 6.375%0.55%
-- T Mobile Usa 6%0.49%

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