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 04/30/2016
Volatility and Other Measures
as of 04/30/2016
Beta 1.12
0.92
Standard Deviation 4.87
Credit Quality Diversification1
as of 04/30/2016
% of Total Net Assets
AAA 1.2%
AA 6.4%
A 26.7%
BBB 31.2%
BB 9.8%
B 5.9%
CCC 0.4%
CC 0.1%
D 0.1%
Not Rated 18.2%
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 04/30/2016
5.31 years
Weighted Avg. Maturity
as of 05/24/2016
20.24 years
Sector Diversification
as of 04/30/2016
% of Total Net Assets
Tax-Free Revenue 91.6%
Tax-Free US Government 4.5%
Tax-Free Gen. Obligations 2.8%
10 Largest Holdings
Represents 8.64 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
BUCKEYE OH TOB STLMT SR A-2 6.500 06/01/2047
GOLDEN ST TOB SR SER A1 4.500 06/01/2027
LIBERTY NY GOLDMAN SACHS HQ 5.250 10/01/2035
MET PIER & EXPOS AUTH MCCORMICK B2 5.250 06/15/2050
NY ST LIBERTY DEV CORP 4 WTC PRJ 5.750 11/15/2051
SALT VERDE AZ FNL CORP SNR GAS REV 5.000 12/01/2037
ST JOHN BAPTIST MARATHON OIL A 5.125 06/01/2037
TOB SETTLE FING CORP NJ SER 1A 5.000 06/01/2041
TX MUN GAS ACQ & SUPPLY SR LIEN D 6.250 12/15/2026
VA ST SM BUS SR LN ELIZABETH RVR CRS AMT 6.000 01/01/2037
As of 04/30/2016 the Tax-Free High Yield Fund had a total of 745 holdings.
Bond Maturity Diversification2
  as of 04/30/2016
% of Total Net Assets
0 - 1 YRS 1.2%
1 - 5 YRS 5.3%
5 - 10 YRS 5.5%
10 + YRS 87.9%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.