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    T. Rowe Price Instl High Yield (TRHYX)

    8.45 Up 0.01(0.12%) Apr 28

    Profile as of Mar 30, 2016Get Profile for:
    T. Rowe Price Instl High Yield
    T. Rowe Price Instl Income Funds, Inc.100 East Pratt StreetBaltimore, MD 21202
    Map
    Phone: 800-638-8797
    Fund Overview 
    Category:High Yield Bond
    Fund Family:T. Rowe Price
    Net Assets:1.67B
    Year-to-Date Return:3.01%
    Yield:6.75%
    Morningstar Rating:4 stars
    Fund Inception Date:May 31, 2002
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box
    Management Information 
    Mark J. Vaselkiv
    Lead Manager since Jul 8, 2015
    Mark Vaselkiv is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. He is a portfolio manager in the Fixed Income Division and head of the High Yield team. Mark is a member of both the Fixed Income Steering Committee and the firm's Asset Allocation Committee. He is president and chairman of the Investment Advisory Committee of the High Yield Fund. Prior to joining T. Rowe Price in 1988, Mark was employed as a vice president for Shenkman Capital Management, Inc., New York, analyzing and trading high yield debt securities, and as a private placement credit analyst in the Capital Markets Group of Prudential Insurance Company. He earned a B.A. in political science from Wheaton College, Illinois, and an M.B.A. in finance from New York University, Leonard N. Stern School of Business.
    Investment Information 
    Min Initial Investment:1,000,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    TRHYX can be purchased from 43 brokerages.

    Fund Summary 
    The investment seeks high current income and, secondarily, capital appreciation. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in a widely diversified portfolio of high yield corporate bonds, often called "junk" bonds, as well as income-producing convertible securities and preferred stocks that are rated below investment grade or not rated by any major credit rating agency but deemed to be below investment grade by T. Rowe Price.

    Fund Operations 
    Last Dividend (Dec 16, 2015) : 0.04
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Apr 26, 2016) : 66.00%
    Average for Category:67.74%
    Fees & Expenses 
    ExpenseTRHYXCategory Avg
    Annual Report Expense Ratio (net):0.50%1.07%
    Prospectus Net Expense Ratio:0.50%N/A
    Prospectus Gross Expense Ratio:0.50%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.15%
    Max Deferred Sales Load: N/A1.97%
    3 Yr Expense Projection*:160482
    5 Yr Expense Projection*:280765
    10 Yr Expense Projection*:6281,569
    * Per $10,000 invested