About TRHYX
T. Rowe Price Institutional High Yield Fund is a mutual fund designed to pursue high current income, with a secondary objective of capital appreciation. Launched on May 31, 2002, it primarily invests at least 80% of its net assets in high-yield corporate bonds, commonly known as junk bonds, which are lower-rated or unrated debt securities offering higher yields but greater credit and default risks compared to investment-grade bonds. The fund maintains a diversified portfolio across approximately 260 issuers, with a portfolio turnover rate of around 41% and an effective duration of 2.91 years, balancing income generation with interest rate sensitivity. Credit allocations emphasize BB (31.53%), B (46.65%), and lower-rated bonds, supplemented by holdings in domestic and non-U.S. bonds, preferred securities, and minimal equities. Managed by T. Rowe Price with an expense ratio of 0.50%, it manages roughly $1.7 to $2.6 billion in assets, playing a key role in fixed-income strategies for investors seeking enhanced yields within the high-yield bond category.
Fund Family T. Rowe Price
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol TRHYX
Index Index is not available on Lipper Database
TRHYX had a total return of 7.47% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.04%.
