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

T. Rowe Price Tax-Free High Yield ( PRFHX ) a Zacks Rank #2 (Buy) was incepted in March 1985 and is managed by T.Rowe Price Associates. PRFHX's main objective is to seek a high level of income exempt from federal income tax by investing primarily in long-term, low- to upper-medium-quality municipal securities. PRFHX invests a substantial portion of assets in below investment-grade municipal or 'junk' bonds and may buy bonds in default as long as they do not exceed 10% of assets. PRFHX's weighted average maturity is expected to exceed 15 years.

T. Rowe Price Tax-Free High Yield, managed by T. Rowe Price , carries an expense ratio of 0.68%. Moreover, PRFHX requires a minimal initial investment of $2,500.

PRFHX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 1.39%, 3 year 6.56% and 5 year 5.60%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .

PRFHX's performance, as of the last filing, when compared to funds in its category was in the top 8% in 1 year, top 7% over the past 3 years, and in the 5% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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