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Morningstar

T. Rowe Price Tax-Free High Yield PRFHX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 11.18  /  +0.03 %
  • Total Assets 3.4 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.62%
  • Effective Duration 6.87 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PRFHX

Will PRFHX outperform in future?

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

  • Process Pillar

    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.

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of PRFHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid choice in the high-yield municipal bond cohort.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Experienced managers employ bottom-up research and robust analytical tools to ply a compelling and repeatable process at T. Rowe Price Tax-Free High Yield.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings PRFHX

More PRFHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

3.07 103.4 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.73 58.3 Mil
municipal

MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25%

1.28 43.1 Mil
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0%

0.93 31.4 Mil
municipal

Cash & Cash Equivalents

0.90 30.2 Mil
Cash and Equivalents

PUERTO RICO COMWLTH 5.75%

0.62 20.8 Mil
municipal

TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5.5%

0.58 19.7 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

0.56 18.8 Mil
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

0.55 18.7 Mil
municipal

TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25%

0.52 17.5 Mil
municipal