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T. Rowe Price Instl High Yield (TRHYX)


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T. Rowe Price Instl High Yield

T. Rowe Price Instl Income Funds, Inc.100 East Pratt StreetBaltimore, MD 21202
800-638-8797
Management Information
Mark J. Vaselkiv,Lead Manager since July 7, 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 Global 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 Committees for the High Yield and Institutional High Yield Funds. Mark also is co-portfolio manager and cochairman of the Investment Advisory Committee for the Global High Income Bond Fund and president of the Floating Rate and Institutional Income Funds. In addition to his existing portfolio management and leadership responsibilities, effective April 1, 2017, Mark will become chief investment officer of Fixed Income, with a focus on fixed income investing. Prior to joining T. Rowe Price in 1988, he was employed as a vice president for Shenkman Capital Management, Inc., in 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. Mark 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.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryHigh Yield Bond
Fund FamilyT. Rowe Price
Net Assets1.8B
YTD Return4.68%
Yield5.89%
Morningstar Rating★★★★
Inception DateMay 30, 2002

Fund Operations

Last Dividend0.05
Last Cap Gain0.00
Holdings Turnover69.70%
Average for CategoryN/A

Fees & Expenses

ExpenseTRHYXCategory Average
Annual Report Expense Ratio (net)0.50%1.05%
Prospectus Net Expense Ratio0.50%N/A
Prospectus Gross Expense Ratio0.50%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.04%
Max Deferred Sales LoadN/A1.72%
3 Yr Expense Projection160N/A
5 Yr Expense Projection280N/A
10 Yr Expense Projection628N/A