T. Rowe Price High Yield Fund (PRHYX) is a publicly traded company in the Financial Services sector, operating within the Asset Management industry. The company is headquartered in Baltimore, MD, United States.
PRHYX has IPO date of 1984-12-31, listed on the NASDAQ, a market capitalization of $6.81B.
T. Rowe Price High Yield Fund is an actively managed mutual fund that invests at least 80% of its net assets in a diversified portfolio of high yield corporate bonds, commonly referred to as "junk" bonds, along with income-producing convertible securities and preferred stocks. These securities are rated below investment grade (BB and lower) or unrated but deemed below investment grade by T. Rowe Price. High yield bonds offer elevated income returns designed to compensate investors for the elevated default risk associated with below-investment-grade credit quality.
