T. Rowe Price Tax-Free High Yield
(PRFHX)
US Markets Closed
AdChoices
11.95
-0.01
-0.07%
:

Previous Close

11.96

Net Assets

3.05B

Yield

4.23%

Front load

None

Expenses

0.68%

Category

High-Yield Muni

Morningstar Risk

Average

Morningstar Rating ★★★★
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Performance
Returns %
Key statistics
  • Composition
  • Performance
  • Top Holdings
  • Top Rated Funds
  • Fund vs. Category
Quarterly Returns
  • Annual

  • PRFHX

  • Category

    • 2013

    • -4.51%

    • -

    • 2012

    • 13.65%

    • -

    • 2011

    • 10.97%

    • -

    • 2010

    • 3.91%

    • -

    • 2013

    • 2012

    • 2011

      • Q1

      • 1.27%

      • 4.54%

      • -0.47%

      • Q2

      • -4.45%

      • 3.25%

      • 4.87%

      • Q3

      • -1.97%

      • 3.37%

      • 4.07%

      • Q4

      • 0.67%

      • 1.86%

      • 2.16%

      Composition
      Sector Weightings
      Equity Investment Style
      Bond Investment Style
      The two dimensions of the Fund Style box measure the average size of companies that have been in the FUND, from the top to bottom, and the average valuation characteristics of the FUND's past stock holdings, from left to right.
      • Name

      • % Portfolio Weight

      • Shares Held

      • Change

        • American Airlines Group Inc

        • 1.33

        • 909,703

        • 82,901

        • St John Baptist Parish La Rev Rev 5.125%

        • 0.99

        • 27,680,000

        • 0

        • Texas Mun Gas Acquisition & Su Sr 6.25%

        • 0.93

        • 22,525,000

        • 0

        • New York Liberty Dev Corp Libe Lib 5.75%

        • 0.92

        • 24,000,000

        • 0

        • Metropolitan Pier & Exposition Bds 5.25%

        • 0.84

        • 23,285,000

        • 0

        • New York Liberty Dev Corp Libe Se 6.375%

        • 0.84

        • 22,250,000

        • 0

        • Virginia Small Busn Fing A Rev Bds 5%

        • 0.76

        • 21,680,000

        • 0

        • Golden St Tob Securitization C Toba 4.5%

        • 0.74

        • 24,380,000

        • 5,980,000

        • Karegnondi Wtr Auth 5.25%

        • 0.74

        • 20,000,000

        • 20,000,000

        • Public Auth 6.5%

        • 0.74

        • 16,495,000

        • 8,000,000

        • Name

        • Rating

        • YTD Return %

          • Invesco High Yield Muni Y

          • ★★★★★
          • 15.61

          • BlackRock High Yield Municipal Instl

          • ★★★★★
          • 15.83

          • Eaton Vance High-Yield Municipal Inc I

          • ★★★★★
          • 17.23

          • Delaware National Hi-Yld Muni Bd Instl

          • ★★★★★
          • 14.45

          • MainStay High Yield Municipal Bond A LW

          • ★★★★★
          • 15.47

          • AllianceBern High Income Municipal Adv

          • ★★★★★
          • 16.44

          • Oppenheimer Rochester® AMT-Free Munis Y

          • ★★★★★
          • 14.28

          • MainStay High Yield Municipal Bond I

          • ★★★★★
          • 15.70

          • Oppenheimer Rochester® High Yld Muni Y

          • ★★★★★
          • 14.15

          • Delaware National Hi-Yld Muni Bd A LW

          • ★★★★★
          • 14.22

          • Name

          • PRFHX

          • Category

            • Expense Ratio

            • 0.68%

            • 1.00%

            • Net Assets

            • 3.05B

            • 376.41M

            • Dividend Yield

            • 0.00%

            • 0.00

            • Price/Book

            • 1.43

            • -

            • Price/Sales

            • 0.71

            • -

            • Price/Cash Flow

            • 5.78

            • -

            Profile

            Name of Issuer

            T. Rowe Price

            Fund Style

            Open

            Fund Manager

            James Murphy

            Investment Style

            Large Growth

            The investment seeks a high level of income exempt from federal income taxes. The fund invests primarily in long-term municipal securities and its weighted average maturity is expected to normally exceed 10 years. It normally invests a substantial portion of its assets in municipal bonds that are rated noninvestment-grade (BB and lower, or an equivalent rating) by a major credit rating agency or by T. Rowe Price, known as "junk" bonds, and may buy these bonds in default as long as they do not exceed 10% of the fund's total assets. Normally, at least 80% of the fund's income will be exempt from federal income taxes.

            Purchase Information

            Initial Purchase 2,500
            Initial Purchase: IRA 1,000
            Initial Purchase: AIP 2,500
            Front load None
            Back Load None

            Inception

            3/1/1985