| Scorecard |
|---|
|
4 / 5 Stars
|
|
Lipper
5
4
1
5
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
5 / 5 Stars
|
|
TheStreet.com
C+
(Hold)
|
#7 in High Yield Bond
U.S. News evaluated 167 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 15.99 percent over the past year, 11.74 percent over the past three years, 10.22 percent over the past five years, and 8.84 percent over the past decade.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 5.4% |
| 1 Year | 16.0% |
| 3 Years (Annualized) | 11.7% |
| 5 Years (Annualized) | 10.2% |
| 10 Years (Annualized) | 8.8% |
Summary
The investment seeks high current income and, secondarily, capital appreciation. The fund normally invests at least 80% of net assets in a widely diversified portfolio of high yield corporate bonds, often called "junk" bonds, as well as income-producing convertible securities and preferred stocks that are rated as below investment-grade or not rated by any major credit rating agency but deemed to be below investment-grade by T. Rowe Price. Its weighted average maturity generally is expected to be in the 5- to 10-year range.
Fees
Fees are Below Average compared to funds in the same category.
T. Rowe Price Institutional High Yield Fund has an expense ratio of 0.50 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
