PRIHX Performance — T. Rowe Price Intermediate Tax-Free High Yield Fund
Data updated: 2026-07-28
PRIHX returned +2.01% year to date and +7.56% over one year to May 2026. Annualised returns are +5.32% over 3 years and +2.00% over 5 years. Against its High Yield Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $117, against $126 for the category, and to $108 over one year, against $107. Volatility over the past three years was 3.64% a year. In the 12 months to May 2026 the fund took in a net $83.6M, and assets reached $198.70M.
PRIHX Growth of $100
What $100 invested in T. Rowe Price Intermediate Tax-Free 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 | PRIHX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $117 | $126 |
| 5 years (Jun 2021 – May 2026) | $110 | $120 |
| Since data start (Sep 2019 – May 2026) | $117 | $132 |
PRIHX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.01% |
| 1 year | +7.56% |
| 3 years (annualised) | +5.32% |
| 5 years (annualised) | +2.00% |
PRIHX Annual Returns
Calendar-year total returns of T. Rowe Price Intermediate Tax-Free High Yield Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.01% |
| 2025 | +6.00% |
| 2024 | +4.60% |
| 2023 | +5.33% |
| 2022 | −8.92% |
| 2021 | +4.76% |
| 2020 | +2.28% |
| 2019 (Sep–Dec) | +0.29% |
PRIHX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | +1.2% | −1.7% | +0.9% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +1.0% | −1.0% | −0.6% | +0.5% | +0.9% | +0.1% | +0.9% | +1.8% | +1.0% | +0.3% | +0.4% |
| 2024 | +0.4% | +0.4% | +0.5% | −0.5% | +0.2% | +1.5% | +0.8% | +0.8% | +0.9% | −0.7% | +1.0% | −0.8% |
| 2023 | +2.3% | −1.5% | +1.2% | +0.2% | −0.2% | +0.4% | +0.3% | −0.6% | −1.7% | −0.8% | +3.9% | +1.9% |
| 2022 | −2.0% | −0.7% | −2.9% | −2.3% | +0.9% | −1.8% | +2.4% | −1.6% | −3.5% | −0.8% | +3.0% | +0.3% |
| 2021 | +1.2% | −0.8% | +0.6% | +1.1% | +0.8% | +0.9% | +0.8% | −0.2% | −0.5% | −0.3% | +0.8% | +0.3% |
| 2020 | +1.2% | +1.0% | −6.3% | −1.8% | +2.4% | +2.0% | +1.5% | +0.2% | +0.2% | −0.4% | +1.5% | +1.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.4% | +0.1% | +0.2% | +0.4% |
PRIHX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.64%
- 3-year Sharpe ratio: 0.22 (vs 4.5% risk-free rate)
- Best month: +3.88% (Nov 2023)
- Worst month: −1.71% (Sep 2023)
PRIHX Fund Flows
Monthly money in and out of T. Rowe Price Intermediate Tax-Free High Yield Fund, from SEC Form N-PORT.
- 12-month net flow: $83.6M
- 12-month gross sales (incl. reinvestments): $127.6M
- Sales ÷ redemptions: 2.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $8.4M | $3.3M | $5.1M |
| Apr 2026 | $10.2M | $4.7M | $5.5M |
| Mar 2026 | $15.4M | $7.6M | $7.7M |
| Feb 2026 | $13.3M | $2.1M | $11.2M |
| Jan 2026 | $13.2M | $3.1M | $10.1M |
| Dec 2025 | $9.9M | $4.6M | $5.2M |
| Nov 2025 | $5.3M | $4.9M | $395K |
| Oct 2025 | $15.1M | $3.4M | $11.7M |
| Sep 2025 | $10.7M | $3.2M | $7.5M |
| Aug 2025 | $10.8M | $1.7M | $9.1M |
| Jul 2025 | $8.4M | $2.8M | $5.7M |
| Jun 2025 | $6.9M | $2.6M | $4.3M |
PRIHX Assets Under Management
Net assets of T. Rowe Price Intermediate Tax-Free High Yield Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $198.70M |
| 2026-02-28 | $182.42M |
| 2025-11-30 | $153.05M |
| 2025-08-31 | $130.68M |
| 2025-05-31 | $110.42M |
| 2025-02-28 | $113.11M |
| 2024-11-30 | $104.88M |
| 2024-08-31 | $100.95M |
| 2024-05-31 | $92.24M |
| 2024-02-29 | $92.06M |
| 2023-11-30 | $82.50M |
| 2023-08-31 | $76.66M |
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.