T. Rowe Price Tax Free High Yield I (PTYIX)
| Fund Assets | 3.30B |
| Expense Ratio | 0.50% |
| Min. Investment | $500,000 |
| Turnover | 14.20% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 4.18% |
| Dividend Growth | 8.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 11.09 |
| YTD Return | 3.64% |
| 1-Year Return | 1.95% |
| 5-Year Return | 9.59% |
| 52-Week Low | 10.15 |
| 52-Week High | 11.13 |
| Beta (5Y) | n/a |
| Holdings | 999 |
| Inception Date | Nov 29, 2016 |
About PTYIX
T. Rowe Price Tax-Free High Yield Fund - I Class is a mutual fund focused on delivering a high level of income that is generally exempt from federal income taxes. The fund primarily invests in long-term municipal bonds, spanning from low- to upper-medium-grade credit quality. A distinctive aspect of this fund is its emphasis on "high yield" municipal securities, including a notable portion of below-investment-grade bonds. It may also invest in bonds in default, provided such holdings do not exceed 10% of assets, and can hold securities subject to the federal alternative minimum tax. The fund is structured to appeal to investors seeking tax-advantaged income, featuring monthly dividend distributions. It maintains a long weighted average maturity, typically exceeding ten years, and manages interest rate and credit risk inherent in municipal bond markets. With a large, diversified portfolio, the fund’s holdings reflect exposure to state and local government projects across the United States, supporting infrastructure and community development. Within the fixed income universe, this fund plays a role in expanding access to higher yields for those willing to accept elevated risk, and it provides a specialized option for institutional or high-net-worth investors prioritizing after-tax returns in their income strategies.
Performance
PTYIX had a total return of 1.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.21%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PATFX | -advisor Class | 0.97% |
Top 10 Holdings
10.35% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 2.03% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.74% |
| Cash Offsets For Shorts & Derivatives | n/a | 1.42% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.08% |
| METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0% | IL.MPNFAC 0 12.15.2033 | 1.03% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% | CA.GLDGEN 0 06.01.2066 | 0.85% |
| PUERTO RICO COMWLTH 0.00001% | PR.PRC 11.01.2051 | 0.60% |
| PUERTO RICO COMWLTH 0.00001% | PR.PRC 11.01.2051 | 0.54% |
| PUBLIC FIN AUTH WIS TOLL REV 5.75% | WI.PUBTRN 5.75 06.30.2060 | 0.53% |
| TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25% | AL.TUSDEV 5.25 05.01.2044 | 0.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.03562 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04189 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03719 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04307 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03908 | Jul 31, 2025 |
| Jun 30, 2025 | $0.036 | Jun 30, 2025 |