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Address And Details

100 E Pratt Street , Baltimore, MD 21202
Fund Manager Rodney Rayburn
Manager Tenure 3 Years 4 Months

Strategy And Objective

The fund seeks high current income and, secondarily, capital appreciation. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) 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 below investment grade or not rated by any major credit rating agency but deemed to be below investment grade by T. Rowe Price. If a holding is split rated (i.e., rated investment grade by at least one rating agency and below investment grade by another rating agency), the lower rating will be used for purposes of the funds 80% investment policy. High yield bonds are rated below investment grade (BB and lower, or an equivalent rating), and tend to provide high income in an effort to compensate investors for their higher risk of default, which is the failure to make required interest or principal payments. High yield bond issuers include small or relatively new companies lacking the history or capital to merit investment grade status, former blue chip companies downgraded because of financial problems, companies electing to borrow heavily to finance or avoid a takeover or buyout, and firms with heavy debt loads.

Net Asset Value

as of 5:45 PM ET 05/18/2022

Performance

  • 1 Week
  • -1.36%
  • 1 Month
  • -5.54%
  • 3 Months
  • -8.52%
  • 1 Yr Return
  • -12.78%
  • 5 Yr Return
  • -14.20%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 95.24%
Convertible 3.52%
Stocks 0.64%
Cash 0.60%
Preferred 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.01%
Total Net Assets 2.32 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.19 2.10 3.68
Beta 0.81 0.67 0.60
R Squared 0.15 0.12 0.10
Std Deviation 9.41 7.69 6.52
Sharpe Ratio 0.22 0.29 n/a

Purchase Information

as of 5:53 PM ET 05/17/2022
Minimum Initial $2500
Minimum Additional $100
Minimum Initial IRA $1000

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -4.77%
  • -0.09%
-4.77% -0.09%
3 Year
  • +2.56%
  • +4.33%
+2.56% +4.33%
10 Year
  • +4.92%
  • +5.39%
+4.92% +5.39%
Life Of Fund
  • +7.64%
  • +7.76%
+7.64% +7.76%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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