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T. Rowe Price Tax-Free High Yield

PRFHX
12.16
+0.00
+0.01%
5/2/2016
5 Years
  • Previous Close

    12.16

  • Net Assets

    3.81B

  • Yield

    3.94%

  • Front load

    None

  • Expenses

    0.69%

  • Category

    High-Yield Muni

  • Morningstar Risk

    Average

  • Morningstar Rating ★★★★
Profile

Name of Issuer

T. Rowe Price

Fund Style

Open

Fund Manager

James Murphy

Investment Style

Large Value

The investment seeks a high level of income exempt from federal income taxes. Normally, at least 80% of the fund's income will be exempt from federal income taxes. However, up to 20% of the fund's income could be derived from securities subject to the alternative minimum tax. It generally seeks higher yielding municipal bonds, including those 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.

Purchase Information

Initial Purchase 2,500
Initial Purchase: IRA 1,000
Initial Purchase: AIP 2,500

Inception

3/1/1985

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