T. Rowe Price High Yield has a new lead manager in place as Mark Vaselkiv, manager of the strategy for over two decades, stepped away. The strategy’s broader team and steady process remain solid, supporting a Morningstar Analyst Rating of Silver for the investor and institutional share classes while the more expensive advisor share class earns a Bronze rating.
Will PRHIX 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 PRHIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRHIX 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 PRHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.