T. Rowe Price Tax-Free High Yield Fund (PRFHX)

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Ticker Symbol:
PRFHX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 01/31/2016
Volatility and Other Measures
as of 01/31/2016
Beta N/A
N/A
Standard Deviation N/A
Credit Quality Diversification1
as of 01/31/2016
% of Total Net Assets
AAA 3.4%
AA 4.8%
A 23.7%
BBB 33.1%
BB 8.4%
B 5.9%
CCC 0.4%
CC 0.2%
D 0.1%
Not Rated 20.0%
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 01/31/2016
5.11 years
Weighted Avg. Maturity
as of 02/02/2016
20.01 years
10 Largest Holdings
Represents 7.98 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
American Airlines
BUCKEYE OH TOB STLMT SR A-2 6.500 06/01/2047
GOLDEN ST TOB SR SER A1 4.500 06/01/2027
IN ST FIN OH RVR BRDGS PRJ SR A AMT 5.250 01/01/2051
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
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 01/31/2016 the Tax-Free High Yield Fund had a total of 669 holdings.
Bond Maturity Diversification2
  as of 01/31/2016
% of Total Net Assets
0 - 1 YRS 3.7%
1 - 5 YRS 5.4%
5 - 10 YRS 6.0%
10 + YRS 84.8%
2Total may not equal 100% due to rounding.
Sector Diversification
as of 01/31/2016
% of Total Net Assets
Tax-Free Revenue 90.7%
Tax-Free US Government 4.7%
Tax-Free Gen. Obligations 1.1%
Miscellaneous 0.1%
See Glossary for additional details on all data elements.