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T. Rowe Price Tax-Free High Yield (PRFHX)

11.77 Up 0.01(0.09%) Aug 26
Prev Close:11.77
YTD Return*:9.80%
Net Assets*:2.96B
Yield*:4.31%

* As of 31-Jul-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for PRFHX at this time.

Top Holdings

Symbol% AssetsYTD Return %
AAL1.3356.55
St John Baptist Parish La Rev Rev 5.125%0.99N/A
Texas Mun Gas Acquisition & Su Sr 6.25%0.93N/A
New York Liberty Dev Corp Libe Lib 5.75%0.92N/A
New York Liberty Dev Corp Libe Se 6.375%0.84N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:2.96B
Category:High Yield Muni
Annual Report Expense Ratio (net):0.68%

Performance & Risk

YTD Return:9.80%
5y Avg Return:8.74%
Rank in Category (ytd):43
% Rank in Category (ytd):23.76%
Beta (3y):1.32
Morningstar Risk Rating:3

Fund Summary

The investment seeks a high level of income exempt from federal income taxes. The fund invests primarily in long-term municipal securities and its weighted average maturity is expected to normally exceed 10 years. It normally invests a substantial portion of its assets in municipal bonds that are rated noninvestment-grade (BB and lower, or an equivalent rating) by a major credit rating agency or by T. Rowe Price, known as "junk" bonds, and may buy these bonds in default as long as they do not exceed 10% of the fund's total assets. Normally, at least 80% of the fund's income will be exempt from federal income taxes. View More
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