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T. Rowe Price High Yield (PRHYX) Fund Ranking and Research

Ranking, Research and Recommendation of T. Rowe Price High Yield (PRHYX) Fund

    Last Trade: $6.81 on 10/20/2017, Change: +0.00 (0%)

 

Graph of T. Rowe Price High Yield Fund (PRHYX) ManagerFund Manager - Mark J. Vaselkiv

Fund Manager Information

Fund Manager Tenure: 21.3 years
Fund Family: T. Rowe Price
Fund Category: High Yield Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.66)     (What does this score mean?)
Vaselkiv has been chairman of the committee since 1996 and he is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and a portfolio manager in the Fixed Income Group, heading taxable high-yield bond management.  Get more insights on Mark J. Vaselkiv

 

Graph of T. Rowe Price High Yield Fund (PRHYX) ProfileT. Rowe Price High Yield Fund (PRHYX) Profile

Fund Profile and Description

T. Rowe Price High Yield Fund seeks high current income; capital appreciation is a secondary consideration. T. Rowe Price High Yield Fund normally invests at least 80% of assets in a widely diversified portfolio of high-yield corporate bonds, income-producing convertible securities, and preferred stocks. High-yield bonds are rated below investment grade (BB and lower). Its weighted average maturity generally is expected to be in the 5- to 10-year range. T. Rowe Price High Yield Fund may invest in futures, options, and swaps.

 

T. Rowe Price High Yield (PRHYX) Fund Strength What we like about T. Rowe Price High Yield (PRHYX) Fund

Data for T. Rowe Price High Yield Fund (PRHYX) as of May 30, 2016

  • T. Rowe Price High Yield Fund (PRHYX) management has been with T. Rowe Price High Yield Fund for 21.3 years
  • T. Rowe Price High Yield Fund (PRHYX) has good short-term performance (1-year return -1.70% vs -2.18% High Yield Bond category median performance)
  • T. Rowe Price High Yield Fund (PRHYX) has good mid-term performance (3-year return 2.70% vs 2.05% High Yield Bond category median performance)
  • T. Rowe Price High Yield Fund (PRHYX) has good Long-term performance (5-year return 5.16% vs 4.38% High Yield Bond category median performance)
  • T. Rowe Price High Yield Fund (PRHYX) ratio of up-years vs down years is greater than 2
  • T. Rowe Price High Yield Fund (PRHYX) has a Morningstar rating of 4 and above
  • Asset base in T. Rowe Price High Yield Fund (PRHYX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • T. Rowe Price High Yield Fund (PRHYX) has an annual stock turnover rate of 59.20% vs High Yield Bond average of 63.72%. It is good that T. Rowe Price High Yield management does not trade extensively for its return.
  • T. Rowe Price High Yield Fund (PRHYX) has a lower expense ratio than its High Yield Bond average: 0.74% vs 1.07%
  • T. Rowe Price High Yield Fund (PRHYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

T. Rowe Price High Yield Fund (PRHYX) Weakness What we are cautious about T. Rowe Price High Yield (PRHYX) Fund

Data for T. Rowe Price High Yield Fund (PRHYX) as of May 30, 2016

  • T. Rowe Price High Yield Fund (PRHYX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.82 that is higher than category average of 5.76
See T. Rowe Price High Yield Fund (PRHYX) performance details as of May 30, 2016

 

What do you think?

 

Compare T. Rowe Price High Yield Fund (PRHYX)Compare with other top High Yield Bond category mutual funds

Aadditional top High Yield Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
T. Rowe Price High Yield6.36-1.702.705.16
Eaton Vance High Income Opportunities I (EIHIX)6.240.694.366.18Compare
BlackRock High Yield Bond BlackRock (BRHYX)5.75-2.183.175.58Compare
Buffalo High-Yield (BUFHX)2.740.753.465.03Compare

See top fund managers for High Yield Bond Category Funds

 

Compare T. Rowe Price High Yield Fund (PRHYX)Compare with High Yield Bond category ETFs

Some High Yield Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
PIMCO 0-5 Year High Yield Corp Bd ETF (HYS)000
SPDR Barclays High Yield Bond ETF (JNK)6.14%-4.91%1.23%
iShares iBoxx $ High Yield Corporate Bd (HYG)5.79%-2.67%2.13%

 

Graph of T. Rowe Price High Yield Fund (PRHYX) Net Asset TrackingT. Rowe Price High Yield (PRHYX) Fund Net Asset

Track net asset change of T. Rowe Price High Yield fund (PRHYX)

DateNet Asset
05/2016$9.74B
03/2016$9.28B
02/2016$8.64B
More historic net asset information on T. Rowe Price High Yield Fund (PRHYX)

  

Graph of T. Rowe Price High Yield Fund (PRHYX) Portfolio TrackingT. Rowe Price High Yield (PRHYX) Fund Portfolio Allocation

Track portfolio allocation change of T. Rowe Price High Yield fund (PRHYX)

DateCashStockBondOther
03/20163.58%0.88%87.94%6.1%
12/20152.06%0.86%88.97%7.49%
09/20154.68%0.67%89.09%3.8%
Click here to see more historic asset allocation information on T. Rowe Price High Yield Fund (PRHYX)

 

graph of T. Rowe Price High Yield Fund (PRHYX) Top 10 Position TrackingTop 10 Holdings in T. Rowe Price High Yield (PRHYX) Fund

Discover what T. Rowe Price High Yield Fund (PRHYX) manager is buying

Mar 30, 2016
Neptune Finco 144A 10.125% [0.74%]
Arqiva Broadcast Holdins 144a [0.72%]
Sirius Xm Radio 144A 5.75% [0.72%]
Wind Acquisition Fin Sa 144A 7.375% [0.67%]
Chs / Cmnty Health Sys 6.875% [0.65%]
Seven Generations Engy 144A 8.25% [0.65%]
T Mobile Usa 6.5% [0.62%]
First Data 144A 7% [0.59%]
Lincoln Finance Ltd 144a [0.58%]
Vrx Escrow 144A 5.875% [0.58%]

Dec 30, 2015
T Mobile Usa 6% [0.79%]
Arqiva Broadcast Holdins 144a [0.78%]
Neptune Finco 144A 10.125% [0.77%]
Sirius Xm Radio 144A 5.75% [0.75%]
Wind Acquisition Fin Sa 144A 7.375% [0.73%]
Chs / Cmnty Health Sys 6.875% [0.72%]
Sprint Nextel 11.5% [0.69%]
First Data 144A 7% [0.62%]
Vpi Escrow 144A 6.375% [0.62%]
Noble Engy 5.875% [0.59%]

Sep 29, 2015
First Data 12.625% [0.98%]
Arqiva Broadcast Holdins 144a [0.72%]
Chs / Cmnty Health Sys 6.875% [0.7%]
T Mobile Usa 6% [0.67%]
Neptune Finco 144A 10.125% [0.66%]
Sirius Xm Radio 144A 5.75% [0.65%]
Wind Acquisition Fin Sa 144A 7.375% [0.65%]
Sprint 7.125% [0.63%]
Noble Engy 5.875% [0.56%]
Engy Future Inter Hldg Co Ll 144A 11.75% [0.53%]
Click here for Stock Holding Change Map in T. Rowe Price High Yield Fund (PRHYX)

  

Latest News on T. Rowe Price High Yield (PRHYX) Fund

See what is happening with T. Rowe Price High Yield Fund (PRHYX)

 

T. Rowe Price High Yield Fund (PRHYX) Related ResourcesSee more information on T. Rowe Price High Yield (PRHYX) Fund

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