T. Rowe Price Tax Free High Yield I (PTYIX)
| Fund Assets | 3.21B |
| Expense Ratio | 0.50% |
| Min. Investment | $500,000 |
| Turnover | 14.20% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.13% |
| Dividend Growth | 7.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.00 |
| YTD Return | -0.34% |
| 1-Year Return | -1.04% |
| 5-Year Return | 6.65% |
| 52-Week Low | 10.44 |
| 52-Week High | 11.42 |
| Beta (5Y) | n/a |
| Holdings | 995 |
| 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 -1.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.62%.
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
9.65% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.90% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.82% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.07% |
| METROPOLITAN PIER & EXPOSITION AUTH ILL DEDICATED ST TAX REV 0% | IL.MPNFAC 0 12.15.2033 | 1.00% |
| GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 0% | CA.GLDGEN 0 06.01.2066 | 0.87% |
| MARYLAND ST ECONOMIC DEV CORP PRIVATE ACTIVITY REV 5.25% | MD.MDSDEV 5.25 06.30.2055 | 0.80% |
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | n/a | 0.58% |
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5.5% | TX.TXSTRN 5.5 12.31.2058 | 0.57% |
| TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 5.25% | AL.TUSDEV 5.25 05.01.2044 | 0.53% |
| PUERTO RICO COMWLTH 0.00001% | PR.PRC 11.01.2051 | 0.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04307 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03908 | Jul 31, 2025 |
| Jun 30, 2025 | $0.036 | Jun 30, 2025 |
| May 30, 2025 | $0.03922 | May 30, 2025 |
| Apr 30, 2025 | $0.03745 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03615 | Mar 31, 2025 |