T. Rowe Price High Yield Fund (PRHYX)

Fund Assets	6.22B
Expense Ratio	0.711%
Min. Investment	$2,500
Turnover	42.30%
Dividend (ttm)	0.40
Dividend Yield	6.94%
Dividend Growth	0.37%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	5.69
YTD Return	-1.51%
1-Year Return	0.76%
5-Year Return	12.19%
52-Week Low	5.69
52-Week High	6.02
Beta (5Y)	0.42
Holdings	424
Inception Date	Dec 31, 1984

About PRHYX

T. Rowe Price High Yield Fund is a mutual fund focused on generating high current income through investments in below-investment-grade corporate bonds, commonly known as 'junk' bonds. The fund also holds income-producing convertible securities and preferred stocks that are rated below investment grade or not rated but considered to be below investment grade by T. Rowe Price. With a diversified portfolio of hundreds of individual issues, the fund aims to mitigate the risk associated with any single issuer. Managed by experienced professionals, T. Rowe Price High Yield Fund targets investors seeking higher yields than those offered by investment-grade bonds or Treasury securities, accepting the increased risk of default that comes with high-yield debt. The fund is recognized for its rigorous credit analysis and broad sector exposure, including financials, energy, healthcare, and technology. Its strategy emphasizes both income generation and the potential for capital appreciation, making it a notable option within the high-yield bond category.

• Fund Family: T. Rowe Price
• Category: High Yield Bond
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PRHYX
• Index: Index is not available on Lipper Database

Performance

PRHYX had a total return of 0.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.69%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRKZX	T. Rowe Price High Yield Fund-z Class	n/a
PRHIX	T. Rowe Price High Yield Fund-i Class	0.62%
PAHIX	T. Rowe Price High Yield Fund-advisor Class	1.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03156	Sep 30, 2026
Aug 31, 2026	$0.03044	Aug 31, 2026
Jul 31, 2026	$0.03488	Jul 31, 2026
Jun 30, 2026	$0.03215	Jun 30, 2026
May 29, 2026	$0.03347	May 29, 2026
Apr 30, 2026	$0.03251	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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