T. Rowe Price has announced that Rodney Rayburn, sole portfolio manager of T. Rowe Price Global High Yield will exit day-to-day portfolio management at year-end 2026 ahead of a planned February 2027 retirement.
T. Rowe Price Institutional High Yield Fund TRHYX
- NAV / 1-Day Return 7.85 / 0.00
- Total Assets 1.7B
-
Adj. Expense Ratio
0.500%
- Expense Ratio 0.500%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1M
- Status Open
- TTM Yield 6.81%
- Effective Duration 2.91 years
USD | NAV as of Jun 09, 2026 | 1-Day Return as of Jun 09, 2026, 10:53 PM GMT+0
Morningstar’s Analysis TRHYX
Will TRHYX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 7.4
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Cash Offsets For Shorts & Derivatives | 1.67 | 28M | Cash and Equivalents |
Cloud Software Group Inc. 9% | 1.00 | 17M | Corporate |
EchoStar Corp. 10.75% | 0.88 | 15M | Corporate |
Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 10% | 0.82 | 14M | Corporate |
LifePoint Health, Inc 10% | 0.74 | 12M | Corporate |
Carvana Co 9% | 0.73 | 12M | Corporate |
1261229 Bc Ltd. 10% | 0.70 | 12M | Corporate |
TransDigm, Inc. 6.875% | 0.70 | 12M | Corporate |
Level 3 Financing, Inc. 7% | 0.62 | 11M | Corporate |
Navient Corporation 9.375% | 0.62 | 10M | Corporate |
United States