- What does PRHYX invest in?
- This fund primarily aims to allocate at least 80% of its total assets to a broadly diversified collection of speculative-grade corporate debt instruments, frequently referred to as "junk" bonds. It also includes income-generating convertible securities and preferred shares. These holdings are either officially rated below investment grade (specifically, BB or lower, or an equivalent rating), or, if unrated by major agencies, are internally assessed by T. Rowe Price to possess similar credit risk. The appeal of these higher-risk securities lies in their potential to generate substantial income, which serves as a premium for investors taking on their elevated risk of default.
- What is the expense ratio of PRHYX?
- T. Rowe Price High Yield Fund (PRHYX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRHYX's dividend yield?
- PRHYX's trailing-twelve-month yield is 6.80%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRHYX?
- Effective duration measures PRHYX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRHYX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRHYX?
- PRHYX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRHYX?
- Yield to maturity (YTM) is the total return you'd earn from PRHYX if every bond in the portfolio is held to maturity at the current price. PRHYX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
