| Last Price | Today's Change | 52-Week Range | Trading Volume |
|---|---|---|---|
| 7.08 | 0.00 (0.00%) | 6.62 - 7.32 | 0.0 |
Market data as of 8:00PM 06/18/13. Quotes are delayed by at least 15 min.
The investment seeks high current income and, secondarily, capital appreciation. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) 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).
| Total Return | 8.82% |
|---|---|
| Yield (Trailing 12 Mo.) | 6.36% |
| Expense Ratio | 0.75% |
| Front Load | None |
| Deferred Load | None |
| Minimum Investment | $2,500 |
| Management Tenure | 17 Years |
| Fund Inception | 12/31/1984 |
| Timeframe | PRHYX | S&P 500 | High Yield Bond |
|---|---|---|---|
| 1 Month | -0.15% | 2.34% | -0.51% |
| 3 Month | 3.31% | 8.22% | 2.20% |
| Year-to-Date | 5.71% | 15.37% | 4.03% |
| 1 Year | 16.14% | 27.28% | 13.96% |
| 3 Year | 11.89% | 16.87% | 10.93% |
| 5 Year | 10.06% | 5.43% | 8.74% |
| 10 Year | 8.77% | 7.58% | 8.04% |
| Since Inception | 8.82% | 10.42% | -- |
| Basic Materials | 0.00% | |
|---|---|---|
| Consumer Cyclical | 13.71% | |
| Financial Services | 21.09% | |
| Real Estate | 12.93% | |
| Consumer Defensive | 6.69% | |
| Healthcare | 0.00% | |
| Utilities | 0.00% | |
| Communication Services | 21.07% | |
| Energy | 17.23% | |
| Industrials | 7.27% | |
| Technology | 0.00% |
| By Percent | Short | 0% | Long | Net | |
|---|---|---|---|---|---|
| Stock | 0.00 | 2.04 | 2.04 | ||
| Bond | 0.00 | 70.89 | 70.89 | ||
| Other | 1.58 | 8.82 | 7.24 | ||
| Foreign Stock | 0.00 | 0.11 | 0.11 | ||
| Foreign Bond | 0.00 | 15.37 | 15.37 | ||
| Total | 1.58 | 97.23 | 95.65 | ||
| Cash | 0.00 | 3.64 | 3.64 | ||
| Total Net Assets | $9.23B |
|---|---|
| Total Stock Holdings | 23 |
| Total Bond Holdings | 511 |
| AAA | 1.88% | |
|---|---|---|
| AA | 0.00% | |
| A | 0.00% | |
| BBB | 0.75% |
| BB | 25.89% | |
|---|---|---|
| B | 46.36% | |
| Below B | 21.76% | |
| Not Rated | 3.36% |
| Company | YTD Return | % of Assets |
|---|---|---|
| Sprint Nextel 144A 9% | -- | 0.79% |
| Cit Grp 144A 5.5% | -- | 0.72% |
| Univision Comms 144A 8.5% | -- | 0.65% |
| Sprint Cap 6.875% | -- | 0.64% |
| Genon Escrow 9.5% | -- | 0.62% |
| Rite Aid 9.25% | -- | 0.60% |
| Mgm Resorts Intl 6.625% | -- | 0.57% |
| Hca 7.5% | -- | 0.55% |
| First Data 12.625% | -- | 0.55% |
| First Data 144A 11.25% | -- | 0.51% |
| Valuation | PRHYX | Category Range |
|---|---|---|
| Price/Earnings | -- | |
| Price/Book | 2.33 | |
| Price/Sales | 0.32 | |
| Price/Cash Flow | 5.87 | |
| Dividend Yield | 0.61 | |
| LT Earnings | 15.48 | |
| Historical Earnings | ||
| Sales Growth | 1.43 | |
| Cash-Flow Growth | 14.13 | |
| Book-Value Growth | 7.42 |
| Rate Sensitivity | |||
|---|---|---|---|
| High | |||
| Mid | |||
| Low | |||
 |  |  |
| Rating | vs Category | |
|---|---|---|
| Overall |  | |
| Risk | Above Avg | |
| Return | Above Avg |
| Pretax Return | 11.89% |
|---|---|
| Tax-adjusted Return | 8.99% |
| Tax Cost Ratio | 2.59% |
| Potential Cap Gains | 5.98% |
