C000219331 Performance — T. Rowe Price Institutional High Yield Fund, Z Class
Data updated: 2026-08-12
C000219331 returned −9.79% over one year to Aug 2022. Over one year the fund trailed its High Yield Bond category average: $100 grew to $90, against $90 for the category. Volatility over the past 12 months was 11.05% a year. In the 12 months to May 2026 the fund took in a net $23.5M, and assets reached $1.67B.
C000219331 Growth of $100
What $100 invested in T. Rowe Price Institutional High Yield Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | C000219331 | Category average |
|---|---|---|
| 1 year (Sep 2021 – Aug 2022) | $90 | $90 |
| Since data start (Mar 2020 – Aug 2022) | $105 | $100 |
C000219331 Trailing Returns
Total returns to Aug 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −9.79% |
| 3 years (annualised) | +2.13% |
C000219331 Annual Returns
Calendar-year total returns of T. Rowe Price Institutional High Yield Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Aug) | −10.78% |
| 2021 | +5.97% |
| 2020 (Mar–Dec) | +11.49% |
C000219331 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −2.5% | −0.8% | −0.8% | −3.6% | −0.2% | −7.0% | +6.3% | −2.1% | — | — | — | — |
| 2021 | +0.4% | +0.2% | +0.5% | +1.2% | +0.2% | +1.2% | +0.4% | +0.6% | 0.0% | 0.0% | −1.0% | +2.1% |
| 2020 | — | — | −8.4% | +5.2% | +4.3% | +0.5% | +4.4% | +0.9% | −1.0% | +0.5% | +3.6% | +1.7% |
C000219331 Risk
Risk measures from monthly returns over Sep 2021 – Aug 2022.
- 1-year volatility (annualised): 11.05%
- Best month: +6.31% (Jul 2022)
- Worst month: −7.05% (Jun 2022)
C000219331 Fund Flows
Monthly money in and out of T. Rowe Price Institutional High Yield Fund, from SEC Form N-PORT.
- 12-month net flow: $23.5M
- 12-month gross sales (incl. reinvestments): $259.3M
- Sales ÷ redemptions: 1.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $30.6M | $41.1M | −$10.5M |
| Apr 2026 | $26.9M | $35.9M | −$9.1M |
| Mar 2026 | $20.7M | $13.9M | $6.8M |
| Feb 2026 | $17.6M | $16.4M | $1.2M |
| Jan 2026 | $18.0M | $16.6M | $1.3M |
| Dec 2025 | $19.3M | $18.1M | $1.1M |
| Nov 2025 | $19.2M | $15.3M | $3.9M |
| Oct 2025 | $18.6M | $20.7M | −$2.1M |
| Sep 2025 | $19.4M | $18.9M | $528K |
| Aug 2025 | $27.3M | $15.8M | $11.5M |
| Jul 2025 | $26.0M | $11.2M | $14.8M |
| Jun 2025 | $15.8M | $11.8M | $4.0M |
C000219331 Assets Under Management
Net assets of T. Rowe Price Institutional High Yield Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.67B |
| 2026-02-28 | $1.69B |
| 2025-11-30 | $1.69B |
| 2025-08-31 | $1.69B |
| 2025-05-31 | $1.63B |
| 2025-02-28 | $1.71B |
| 2024-11-30 | $1.78B |
| 2024-08-31 | $1.78B |
| 2024-05-31 | $1.70B |
| 2024-02-29 | $1.72B |
| 2023-11-30 | $1.68B |
| 2023-08-31 | $1.60B |
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.