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PRHYX:NASDAQ

T. Rowe Price High-Yield Fund – PRHYX Fund Overview

Last PriceToday's Change52-Week RangeTrading Volume
7.030.07 (+1.01%)6.96 - 7.340.0

Market data as of 6:05PM 10/17/14. Quotes are delayed by at least 15 min.

Overview - PRHYX

The investment seeks high current income and, secondarily, capital appreciation. The fund will normally invest 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 below investment-grade or not rated by any major credit rating agency but deemed to be below investment-grade by T. Rowe Price. High yield bonds are rated below investment grade (BB and lower, or an equivalent rating), and tend to provide high income in an effort to compensate investors for their higher risk of default.

Growth of $10,000 (10 Years)

Total Return8.65%
Yield (Trailing 12 Mo.)6.13%
Expense Ratio0.75%
Front LoadNone
Deferred LoadNone
Minimum Investment$2,500
Management Tenure18 Years
Fund Inception12/31/1984

Trailing Total Returns - PRHYX

as of 09/30/2014
TimeframePRHYXS&P 500High Yield Bond
1 Month-2.01%-1.40%-2.03%
3 Month-1.95%1.13%-2.03%
Year-to-Date3.56%8.34%2.71%
1 Year7.40%19.73%6.00%
3 Year11.59%22.99%9.98%
5 Year10.21%15.70%9.39%
10 Year7.79%8.11%6.93%
Since Inception8.65%10.63%--

Sector Allocation - PRHYX

as of 09/30/2014
Basic Materials
 
6.72%
Consumer Cyclical
 
11.91%
Financial Services
 
21.24%
Real Estate
 
9.06%
Consumer Defensive
 
0.00%
Healthcare
 
0.00%
Utilities
 
0.00%
Communication Services
 
30.04%
Energy
 
6.76%
Industrials
 
14.28%
Technology
 
0.00%

Asset Allocation - PRHYX

as of 09/30/2014
By PercentShort0%LongNet
Stock0.00
 
 
1.691.69
Bond0.10
 
 
70.4070.30
Other1.42
 
 
0.52-0.90
Foreign Stock0.00
 
 
0.500.50
Foreign Bond0.00
 
 
23.9923.99
Total1.5297.1095.58
Cash0.10
 
 
3.503.40
Total Net Assets$9.67B
Total Stock Holdings25
Total Bond Holdings583

Bond Credit Quality - PRHYX

as of 09/30/2014
AAA2.59%
AA0.00%
A0.04%
BBB0.62%
BB23.32%
B48.50%
Below B20.69%
Not Rated4.24%

Top Ten Holdings - PRHYX

as of 09/30/2014
CompanyYTD Return% of Assets
First Data 12.625%--0.89%
Chrysler Grp Llc / Cg Co-Iss 8.25%--0.80%
Sprint 144A 7.125%--0.72%
Arqiva Broadcasting--0.65%
Sprint Nextel 11.5%--0.64%
Chs / Cmnty Health Sys 144A 6.875%--0.63%
Concho Res 5.5%--0.55%
Vpi Escrow 144A 6.375%--0.53%
First Data 144A 6.75%--0.53%
Chesapeake Engy 5.75%--0.52%

Valuation & Growth - PRHYX

as of 09/30/2014
ValuationPRHYXCategory Range
Price/Earnings--
Price/Book3.29
Price/Sales0.74
Price/Cash Flow9.69
Dividend Yield0.74
LT Earnings16.33
Historical Earnings
Sales Growth0.21
Cash-Flow Growth6.23
Book-Value Growth5.84
Key:  Lo 
 Hi

Morningstar Summary - PRHYX, 3 Year

Rate Sensitivity
High
Mid
Low
Ratingvs Category
Overall
RiskAbove Avg
ReturnAbove Avg
Key:  Lo 
 Hi

Tax Analysis - PRHYX, 3 Year Avg

Pretax Return11.59%
Tax-adjusted Return8.75%
Tax Cost Ratio2.55%
Potential Cap Gains2.53%

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