T. Rowe Price High Yield Fund (PRHYX)
T. Rowe Price High Yield Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $5.90, up 0.00% on the session, giving a market capitalisation of $6.35B. Its beta of 0.62 implies it has historically moved less than the broad market.
This fund primarily aims to allocate at least 80% of its total assets to a broadly diversified collection of speculative-grade corporate debt instruments, frequently referred to as "junk" bonds. It also includes income-generating convertible securities and preferred shares. These holdings are either officially rated below investment grade (specifically, BB or lower, or an equivalent rating), or, if unrated by major agencies, are internally assessed by T. Rowe Price to possess similar credit risk. The appeal of these higher-risk securities lies in their potential to generate substantial income, which serves as a premium for investors taking on their elevated risk of default.
T. Rowe Price High Yield Fund is most often compared with the following Financial Services names: