T. Rowe Price Tax Free High Yield I (PTYIX)
| Fund Assets | 3.67B |
| Expense Ratio | 0.50% |
| Min. Investment | $500,000 |
| Turnover | 14.20% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 4.20% |
| Dividend Growth | 6.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.29 |
| YTD Return | 3.22% |
| 1-Year Return | 8.85% |
| 5-Year Return | 4.93% |
| 52-Week Low | 10.56 |
| 52-Week High | 11.31 |
| Beta (5Y) | 0.13 |
| Holdings | 1059 |
| 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 8.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.21%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PATFX | -advisor Class | 1.01% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03926 | Jun 30, 2026 |
| May 29, 2026 | $0.04006 | May 29, 2026 |
| Apr 30, 2026 | $0.03839 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03912 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03679 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03995 | Jan 30, 2026 |