Morningstar

T. Rowe Price High Yield Fund I Class PRHIX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 5.92  /  0.00
  • Total Assets 6.5B
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.600%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 6.84%
  • Effective Duration 2.92 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRHIX

Will PRHIX outperform in the 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 PRHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    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.

  • Parent Pillar

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

Upcoming leadership changes temper our conviction.

Senior Analyst Elbie Louw

Elbie Louw

Senior Analyst

Summary

Upcoming leadership changes and related team adjustments lead to a downgrade of this strategy’s People Pillar rating to Average from Above Average.

by Elbie Louw
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PRHIX

More PRHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offsets For Shorts & Derivatives

1.62 103M
Cash and Equivalents

Cloud Software Group Inc. 9%

1.00 64M
Corporate

EchoStar Corp. 10.75%

0.87 56M
Corporate

LifePoint Health, Inc 10%

0.85 54M
Corporate

Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 10%

0.83 53M
Corporate

Carvana Co 9%

0.72 46M
Corporate

TransDigm, Inc. 6.875%

0.72 46M
Corporate

1261229 Bc Ltd. 10%

0.69 44M
Corporate

Hopper Merger Sub

0.63 40M
Corporate

Alliant Inc Services Pfd Pp

0.63 40M
Corporate

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