T. Rowe Price U.S. High Yield Fund (TUHIX)
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in U.S. high yield instruments. U.S. high yield instruments, commonly referred to as “junk” bonds, are debt instruments that are, at the time of purchase, rated below investment grade by a credit rating agency, or, if not rated by any major credit rating agency, deemed by T. Rowe Price to be below investment grade.
Fund Info
| ISIN | US7414816006 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Apr 30, 2013 |
| Category | High Yield Bonds |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
TUHIX features an expense ratio of 0.61%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TUHIX vs. PRHYX, TUHIX vs. PBDIX, TUHIX vs. TRBUX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price U.S. High Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price U.S. High Yield Fund had a return of 7.64% year-to-date (YTD) and 14.13% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.64% | 25.82% |
| 1 month | 1.00% | 3.20% |
| 6 months | 5.36% | 14.94% |
| 1 year | 14.13% | 35.92% |
| 5 years (annualized) | 3.83% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of TUHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.50% | 0.36% | 1.25% | -0.69% | 1.43% | 0.57% | 1.25% | 1.28% | 0.81% | 0.04% | 7.64% | ||
| 2023 | 5.45% | -1.35% | 0.10% | 1.73% | -1.29% | 2.57% | 1.96% | 0.53% | -1.41% | -2.20% | 4.13% | 3.65% | 14.40% |
| 2022 | -2.15% | -1.50% | -0.65% | -3.98% | -2.15% | -7.42% | 5.00% | -0.50% | -5.20% | 2.05% | 2.16% | -0.81% | -14.69% |
| 2021 | 0.09% | 0.59% | 0.06% | 1.26% | 0.40% | 1.34% | -0.12% | 0.36% | 0.24% | -0.32% | -1.03% | 1.24% | 4.16% |
| 2020 | -0.05% | -1.52% | -13.07% | 5.24% | 6.88% | 0.15% | 4.30% | 1.65% | -1.24% | 0.42% | 4.22% | 1.49% | 7.20% |
| 2019 | 4.88% | 1.60% | 0.87% | 1.64% | -1.22% | 2.02% | 0.69% | 0.83% | 0.73% | 0.48% | 0.48% | 2.20% | 16.18% |
| 2018 | 0.71% | -0.83% | -0.83% | 0.45% | -0.60% | 0.53% | 1.14% | 0.61% | 0.80% | -1.59% | -1.16% | -2.89% | -3.68% |
| 2017 | 0.00% | -0.39% | 1.19% | -0.14% | 1.04% | 0.41% | -0.05% | -0.33% | 1.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TUHIX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price U.S. High Yield Fund (TUHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price U.S. High Yield Fund provided a 7.48% dividend yield over the last twelve months, with an annual payout of $0.63 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.63 | $0.58 | $0.55 | $0.59 | $0.58 | $0.61 | $0.22 |
Dividend yield | 7.48% | 7.53% | 7.42% | 5.54% | 5.87% | 5.80% | 6.66% | 2.21% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price U.S. High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.00 | $0.52 | |
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.63 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2021 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2020 | $0.05 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.59 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2018 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.61 |
| 2017 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price U.S. High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price U.S. High Yield Fund was 22.46%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.46% | Feb 18, 2020 | 25 | Mar 23, 2020 | 94 | Aug 5, 2020 | 119 |
| -18.41% | Nov 10, 2021 | 233 | Oct 13, 2022 | 417 | Jun 12, 2024 | 650 |
| -6.84% | Oct 4, 2018 | 57 | Dec 26, 2018 | 41 | Feb 26, 2019 | 98 |
| -2.66% | Sep 3, 2020 | 16 | Sep 25, 2020 | 28 | Nov 4, 2020 | 44 |
| -2.42% | Feb 1, 2018 | 81 | May 29, 2018 | 48 | Aug 6, 2018 | 129 |
Volatility
Volatility Chart
The current T. Rowe Price U.S. High Yield Fund volatility is 0.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.