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T. Rowe Price High Yield Adv PAHIX

Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 5.85  /  +0.02 %
  • Total Assets 7.1 Bil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.030%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 6.04%
  • Effective Duration 3.48 years

USD | NAV as of Feb 26, 2024 | 1-Day Return as of Feb 26, 2024, 11:14 PM GMT+0

Morningstar’s Analysis PAHIX

Will PAHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Convincing.

Senior Analyst Elbie Louw

Elbie Louw

Senior Analyst

Summary

The vast resources backing the strategy, deep credit team, and consistent process drive its appeal. We reaffirm our People and Process pillar ratings of Above Average. Michael Della Vedova and Rodney Rayburn have steered this strategy, since 2015 and 2019, respectively. While Rayburn has a limited track record as portfolio manager of a high-yield strategy, his experience with distressed and special situations, the consistency of the team’s approach, and the quality of his supporting cast give us confidence. Della Vedova, who joined the firm in 2009, has built a solid track record managing the Luxembourg-domiciled European High Yield strategy since September 2011. The managers are well supported by an additional six global high-yield portfolio managers and a deep bench of 18 dedicated high-yield credit analysts.

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Portfolio Holdings PAHIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 8.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash & Cash Equivalents

1.84 131.5 Mil
Cash and Equivalents

Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 11.4932%

1.33 95.6 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 6.375%

1.03 73.6 Mil
Corporate

UKG

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Corporate

Asurion

0.93 66.3 Mil
Corporate

Asurion

0.88 63.2 Mil
Corporate

Venture Global LNG Inc. 8.375%

0.77 55.0 Mil
Corporate

Entegris Escrow Corp. 5.95%

0.69 49.5 Mil
Corporate

TransDigm, Inc. 6.875%

0.69 49.2 Mil
Corporate

TransDigm, Inc. 6.25%

0.68 48.8 Mil
Corporate