T. Rowe Price Tax-Free High-Yield
100 East Pratt Street Baltimore MD 21202
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Phone: 800-225-5132
| Category: | High Yield Muni | | Fund Family: | T. Rowe Price | | Net Assets: | 1.68B | | Year-to-Date Return: | 29.54% | | Yield: | 5.40% | | Morningstar Rating: |  | | Fund Inception Date: | 01-Mar-85 |
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James M. Murphy
Lead Manager since
31-Jan-02 | | | Murphy is a portfolio manager in T. Rowe Price's Fixed Income Group, managing the firm's Tax-Free High Yield Strategy. He is a vice president of T. Rowe Price Group, Inc., and a member of the Investment Advisory Committees for the Summit Funds. Murphy has 15 years of investment experience, eight of which have been with T. Rowe Price. Prior to joining the firm in 2000, he worked as a portfolio manager for Prudential Investments. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $2,500 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $50 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks a high level of current income exempt from federal income tax. The fund normally invests a substantial portion of assets in below investment grade municipal or junk bonds. The fund's weighted average maturity is expected to exceed 10 years. It may buy bonds in default as long as they do not exceed 10% of total assets. The fund may invest in bonds whose income must be included in recalculation of alternative minimum tax. |
| Last Dividend
(30-Nov-09):
| 0.04 | | Last Cap Gain
(29-Mar-06):
| 0.01 | | Annual Holdings Turnover
| 28.70% | | Average for Category:
| 45.02% |
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| Expense | PRFHX | Category
Avg | | Total Expense Ratio: | %
| 1.12% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.21% | | Max Deferred Sales Load: | %
| 2.72% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $585 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $862 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,641 |
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