T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc.

Frequently Asked Questions About PRIHX

What does PRIHX invest in?

This fund primarily channels a minimum of 80% of its net assets, including any capital raised through borrowing for investment, into securities that provide interest income free from federal income tax. Nevertheless, up to one-fifth of its earnings may stem from holdings subject to the alternative minimum tax. While the fund is authorized to acquire securities of any duration, it generally seeks to maintain a weighted average effective maturity between three and ten years. This approach to targeting effective maturity offers the portfolio manager greater adaptability.

What is the expense ratio of PRIHX?

T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. (PRIHX) charges an expense ratio of 0.46%. This is the annual fee deducted from fund assets to cover management and operations.

What is PRIHX's dividend yield?

PRIHX's trailing-twelve-month yield is 4.00%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PRIHX?

Effective duration measures PRIHX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRIHX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PRIHX?

PRIHX'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 PRIHX?

Yield to maturity (YTM) is the total return you'd earn from PRIHX if every bond in the portfolio is held to maturity at the current price. PRIHX'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.