T. Rowe Price Tax-Free High Yield’s seasoned team, solid analytic tools, and value-conscious approach give it an edge versus rivals. The fund’s share classes all earn Morningstar Analyst Ratings of Gold.
Will PRFHX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRFHX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRFHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PRFHX’s parent organization’s priorities and whether they’re in line with investors’ interests.