TRHYX:NASDAQ
T. Rowe Price Institutional High Yield Fund – TRHYX Fund Overview
| Last Price | Today's Change | 52-Week Range | Trading Volume |
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| 7.57 | 0.00 (0.00%) | 7.56 - 7.97 | 0.0 |
Market data as of 12:00AM 04/11/25. Quotes are delayed by at least 15 min.
Overview - TRHYX
The investment seeks high current income and, secondarily, capital appreciation.
The fund normally invests 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.
Growth of $10,000 (10 Years)
| Total Return | 6.81% |
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| Yield (Trailing 12 Mo.) | 6.85% |
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| Expense Ratio | 0.50% |
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| Front Load | None |
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| Deferred Load | None |
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| Minimum Investment | $1,000,000 |
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| Management Tenure | 6 Years |
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| Fund Inception | 05/31/2002 |
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Trailing Total Returns - TRHYX
as of 03/31/2025
| Timeframe | TRHYX | S&P 500 | High Yield Bond |
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| 1 Month | -1.10% | -5.63% | -1.00% |
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| 3 Month | 0.92% | -4.27% | 0.82% |
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| Year-to-Date | 0.92% | -4.27% | 0.82% |
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| 1 Year | 6.88% | 8.25% | 6.72% |
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| 3 Year | 4.46% | 9.06% | 4.41% |
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| 5 Year | 6.91% | 18.59% | 6.80% |
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| 10 Year | 4.61% | 12.50% | 4.20% |
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| Since Inception | 6.81% | 10.98% | -- |
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Sector Allocation - TRHYX
as of 03/31/2025
| Basic Materials | | 16.78% |
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| Consumer Cyclical | | 0.00% |
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| Financial Services | | 0.00% |
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| Real Estate | | 0.00% |
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| Consumer Defensive | | 0.00% |
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| Healthcare | | 47.33% |
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| Utilities | | 0.00% |
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| Communication Services | | 0.00% |
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| Energy | | 35.89% |
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| Industrials | | 0.00% |
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| Technology | | 0.00% |
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Asset Allocation - TRHYX
as of 03/31/2025
| By Percent | Short | 0% | Long | Net |
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| Stock | -- | | | 0.05 | 0.05 |
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| Bond | -- | | | 83.33 | 83.33 |
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| Other | -- | | | 0.00 | 0.00 |
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| Foreign Stock | -- | | | 0.25 | 0.25 |
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| Foreign Bond | -- | | | 9.30 | 9.30 |
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| Total | -- | | | 92.93 | 92.93 |
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| Cash | -- | | | 3.30 | 3.30 |
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| Total Net Assets | $1.70B |
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| Total Stock Holdings | 3 |
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| Total Bond Holdings | 398 |
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Bond Credit Quality - TRHYX
as of 03/31/2025
| AAA | | 1.52% |
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| AA | | 0.00% |
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| A | | 0.00% |
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| BBB | | 1.04% |
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| BB | | 31.74% |
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| B | | 44.71% |
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| Below B | | 16.79% |
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| Not Rated | | 4.20% |
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Top Ten Holdings - TRHYX
as of 03/31/2025
| Company | YTD Return | % of Assets |
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| T. Rowe Price Gov. Reserve | -- | 2.11% |
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| Cloud Software Group Inc. 9% | -- | 1.35% |
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| Asurion | -- | 1.25% |
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| UKG Inc. 6.875% | -- | 1.00% |
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| Venture Global LNG Inc. 9% | -- | 0.86% |
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| Rivian Holdings Llc / Rivian Llc / Rivian Automotive Llc 10.50198% | -- | 0.83% |
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| HUB International Ltd. 7.25% | -- | 0.79% |
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| LifePoint Health, Inc 11% | -- | 0.72% |
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| Talen Energy Supply LLC 8.625% | -- | 0.72% |
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| TransDigm, Inc. 6.875% | -- | 0.70% |
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Valuation & Growth - TRHYX
as of 03/31/2025
| Valuation | TRHYX | Category Range |
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| Price/Earnings | -- | |
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| Price/Book | 1.27 | |
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| Price/Sales | 0.56 | |
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| Price/Cash Flow | 12.93 | |
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| Dividend Yield | 0 | |
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| LT Earnings | | |
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| Historical Earnings | | |
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| Sales Growth | 3.23 | |
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| Cash-Flow Growth | 10.56 | |
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| Book-Value Growth | 20.22 | |
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