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  • T. Rowe Price Tax-Free High Yield Fund (PRFHX)
    Ticker Symbol:
    PRFHX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Composition
    Asset Allocation
    as of 09/30/2014
    Volatility and Other Measures
    as of 10/31/2014
    Beta 1.17
    0.96
    Standard Deviation 5.34
    Credit Quality Diversification1
    as of 09/30/2014
    % of Total Net Assets
    AAA 3.3%
    AA 4.4%
    A 22.3%
    BBB 35.9%
    BB 8.6%
    B 6.1%
    CCC 1.1%
    C 0.0%
    D 0.3%
    Not Rated 18.1%
    1Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moody's or S&P. T. Rowe Price may deviate from this hierarchy for prerefunded securities, which are categorized using the most recent rating from Moody's, S&P, or Fitch when it reflects the issue's current prerefunded status.
    Modified Duration to Worst
    as of 10/31/2014
    5.22 years
    Weighted Avg. Maturity
    as of 11/18/2014
    20.60 years
    10 Largest Holdings
    Represents 8.50 % of Total Net Assets
    View Holdings as of:
    Coupon % Maturity
    American Airlines
    GOLDEN ST TOB SR SER A1 4.500 06/01/2027
    KAREGNONDI MI WTR SPLY SYS SER A 5.250 11/01/2040
    MET PIER & EXPOS AUTH MCCORMICK B2 5.250 06/15/2050
    NY LIBERTY DEV 2ND PRIORTY BK AMER CL-3 6.375 07/15/2049
    NY ST LIBERTY DEV CORP 4 WTC PRJ 5.750 11/15/2051
    PUB AUTH FOR CO ENERGY 6.500 11/15/2038
    ST JOHN BAPTIST MARATHON OIL A 5.125 06/01/2037
    TX MUN GAS ACQ & SUPPLY SR LIEN D 6.250 12/15/2026
    VA ST SBFAR SR LN EXPRESS LANES LLC AMT 5.000 01/01/2040
    As of 09/30/2014 the Tax-Free High Yield Fund had a total of 585 holdings.
    Bond Maturity Diversification2
      as of 10/31/2014
    % of Total Net Assets
    0 - 1 YRS 3.7%
    1 - 5 YRS 3.2%
    5 - 10 YRS 4.6%
    10 + YRS 87.4%
    2Total may not equal 100% due to rounding.
    Sector Diversification
    as of 10/31/2014
    % of Total Net Assets
    Tax-Free Revenue 93.3%
    Tax-Free US Government 1.5%
    Tax-Free Gen. Obligations 0.8%
    See Glossary for additional details on all data elements.