C000144521 Fees and Costs — T. Rowe Price Intermediate Tax-Free High Yield Fund, Advisor Class
Data updated: 2026-07-28
The net expense ratio is 0.71%: a 0.36% management fee, a 0.25% 12b-1 fee plus 0.73% other expenses, less a 0.63% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 11%.
C000144521 Fees and Expenses
Annual operating expenses and sales charges of C000144521. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.63% |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000144521 Costs Over Time
On $10,000 invested in C000144521, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.71%) | $75 | $233 | $406 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000144521 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $219.1M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000144521 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $77.8M | 41.39% |
| TD Securities Ltd. | $34.7M | 18.46% |
| BARCLAYS CAPITAL INC. | $26.5M | 14.12% |
| RBC Capital Markets, LLC | $10.2M | 5.43% |
| BOFA SECURITIES, INC. | $8.2M | 4.34% |
| JEFFERIES LLC | $7.6M | 4.07% |
| HERBERT J SIMS & CO. INC. | $7.4M | 3.92% |
| WELLS FARGO SECURITIES, LLC | $6.8M | 3.63% |
| MORGAN STANLEY & CO. LLC | $4.7M | 2.49% |
| PIPER SANDLER & CO. | $4.1M | 2.16% |
T. Rowe Price Intermediate Tax-Free High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFHAX | I Class | 0.41% | — |
| PRIHX | T. Rowe Price Intermediate Tax-Free High Yield Fund | 0.46% | — |
| C000144521 | Advisor Class | 0.71% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.