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.
T. Rowe Price High Yield PRHYX
NAV / 1-Day Return
6.46
/
0.01
%
Total Assets
8.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.710%
Expense Ratio
0.710%
Fee Level
Below Average
Longest Manager Tenure
1.56
years
Category
US Fund High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,500
Status
Limited
TTM Yield
4.96%
Effective Duration
3.22
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PRHYX 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 PRHYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRHYX 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 PRHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.
With a new manager in place, this fund remains a solid choice.
