T. Rowe Price Institutional High Yield Fund

Class Inst (TRHYX)
4 / 5 Stars
5 5 1 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
C (Hold)

#6 in High Yield Bond

U.S. News evaluated 179 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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The fund has returned 12.71 percent over the past year, 9.34 percent over the past three years, 13.14 percent over the past five years, and 8.57 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.0%
1 Year 12.7%
3 Years (Annualized) 9.3%
5 Years (Annualized) 13.1%
10 Years (Annualized) 8.6%

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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 are Average compared to funds in the same category.
T. Rowe Price Institutional High Yield Fund has an expense ratio of 0.50 percent.

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Risk is Average compared to funds in the same category according to Morningstar.

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