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

Diversify your portfolio with high yield bonds.

Call 866-831-3699 to speak to an investment specialist about the
Tax-Free High Yield Fund.

Ticker Symbol:
PRFHX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Composition
Asset Allocation
as of 12/31/2017
Volatility and Other Measures
as of 12/31/2017
Beta 0.88
0.91
Standard Deviation 3.55
Modified Duration to Worst
as of 12/31/2017
5.51 years
Weighted Avg. Maturity
as of 01/09/2018
20.05 years
Sector Diversification
as of 12/31/2017
% of Total Net Assets
Tax-Free Revenue 87.9%
Tax-Free US Government 7.1%
Tax-Free Gen. Obligations 3.2%
10 Largest Holdings
Represents 7.99 % of Total Net Assets
View Holdings as of:
Coupon % Maturity
ALACHUA CO FL HLTH FACS SHANDS HSP SR A 5.000 12/01/2044
BUCKEYE OH TOB STLMT SR A-2 6.500 06/01/2047
GOLDEN TOB SR CONV A2 5.300 06/01/2037
LIBERTY NY GOLDMAN SACHS HQ 5.250 10/01/2035
MET PIER & EXPOS AUTH MCCORMICK B2 5.250 06/15/2050
SALT VERDE AZ FNL CORP SNR GAS REV 5.000 12/01/2037
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 SML BFA PRIV TRAN 66 P3 PROJ AMT 5.000 12/31/2056
VA ST SBFAR SR LN EXPRESS LANES LLC AMT 5.000 01/01/2040
As of 12/31/2017 the Tax-Free High Yield Fund had a total of 977 holdings.
Bond Maturity Diversification2
  as of 12/31/2017
% of Total Net Assets
0 - 1 YRS 2.1%
1 - 5 YRS 7.5%
5 - 10 YRS 7.2%
10 + YRS 83.2%
2Total may not equal 100% due to rounding.
See Glossary for additional details on all data elements.