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

11.66 0.00(0.00%) Jul 22
Prev Close:11.66
YTD Return*:9.70%
Net Assets*:2.94B
Yield*:4.31%

* As of 30-Jun-14

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

Headlines

  • No Headlines available for PRFHX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Univ Calif Revs For Prev Var Gen R1.9573.70
California Statewide Cmntys De Rev Bds1.17N/A
AAL1.14N/A
St John Baptist Parish La Rev Rev 5.125%1.07N/A
Texas Mun Gas Acquisition & Su Sr 6.25%1.01N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:2.94B
Category:High Yield Muni
Annual Report Expense Ratio (net):0.68%

Performance & Risk

YTD Return:9.70%
5y Avg Return:9.15%
Rank in Category (ytd):36
% Rank in Category (ytd):19.89%
Beta (3y):1.31
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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