T. Rowe Price Institutional High Yield Fund TRHYX

Medalist Rating as of Jun 18, 2026 See T. Rowe Price Investment Hub

NAV and 1-Day Return as of Nov 14, 2026, 1:11:00 AM

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 TRHYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TRHYX 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 TRHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Elbie Louw

Senior Analyst

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 Jun 18, 2026 Published on Jun 18, 2026

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Portfolio Holdings TRHYX

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
T. Rowe Price Gov. Reserve	1.43	23M	Cash and Equivalents
EchoStar Corp. 10.75%	0.93	15M	Corporate
Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 10%	0.89	14M	Corporate
1261229 Bc Ltd. 10%	0.83	13M	Corporate
Carvana Co 9%	0.76	12M	Corporate
Vistra Corp 8.875%	0.76	12M	Corporate
LifePoint Health, Inc 10%	0.73	12M	Corporate
Hopper Merger Sub	0.72	12M	Corporate
Sword Purchaser LLC 8.25%	0.68	11M	Corporate
Navient Corporation 9.375%	0.66	11M	Corporate