TRHYX — T. Rowe Price Institutional High Yield Fund
Data updated: 2026-07-28
TRHYX — T. Rowe Price Institutional High Yield Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Corporate Bond · $1.67B AUM · 0.50% expense ratio · 7.6% 1-yr return. From SEC regulatory filings.
TRHYX Fund Overview
TRHYX — T. Rowe Price Institutional High Yield Fund is a US mutual fund managed by T. Rowe Price Institutional Income Funds, Inc., categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: T. Rowe Price Institutional Income Funds, Inc.
- Category: Intermediate Corporate Bond
- Assets under management: $1.67B
- 1-year return: 7.6%
- Ticker: TRHYX
- SEC CIK: 0001169187
- SEC series ID: S000002134
- Share class ID: C000005527
TRHYX Holdings
Top 10 holdings of T. Rowe Price Institutional High Yield Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Grs - Security Lending Collateral | 2.67% |
| T. Rowe Price Government Reserve Fund | 1.50% |
| Cloud Software Grp, Inc. 144a | 1.03% |
| Echostar Corp. | 0.90% |
| Rivian Hld/auto LLC 144a | 0.82% |
| 1261229 Bc Ltd. 144a | 0.76% |
| Lifepoint Health, Inc. 144a | 0.75% |
| Carvana Co. 144a | 0.74% |
| Transdigm, Inc. 144a | 0.71% |
| Hologic Tl 2l Bankdebt | 0.67% |
TRHYX Portfolio Allocation
Asset-class allocation of T. Rowe Price Institutional High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.8% |
| Cash & Equivalents | 4.2% |
| Loans | 3.2% |
| Equity | 1.8% |
TRHYX Performance
Total returns for TRHYX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.8% |
| 1 year | 7.6% |
| 3 years (annualised) | 9.2% |
| 5 years (annualised) | 4.3% |
TRHYX Risk Information
Risk metrics for TRHYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.4%
TRHYX Costs and Fees
TRHYX costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.50%
- Portfolio turnover: 41%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
TRHYX Cashflows
Over the 12 months to 2026-02, T. Rowe Price Institutional High Yield Fund had net outflows of $21.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $1.20M |
| 2026-01 | $1.35M |
| 2025-12 | $1.13M |
| 2025-11 | $3.88M |
| 2025-10 | −$2.09M |
| 2025-09 | $528.35K |
TRHYX Debt Constituents
Largest debt holdings of T. Rowe Price Institutional High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Cloud Software Grp, Inc. 144a | 1.03% |
| Echostar Corp. | 0.90% |
| Rivian Hld/auto LLC 144a | 0.82% |
| 1261229 Bc Ltd. 144a | 0.76% |
| Lifepoint Health, Inc. 144a | 0.75% |
| Carvana Co. 144a | 0.74% |
| Transdigm, Inc. 144a | 0.71% |
| Level 3 Financing, Inc. 144a | 0.63% |
| Edged Compute LLC 144a | 0.62% |
| Vistra Corp. 144a | 0.62% |
TRHYX Prospectus and SEC Filings
Official T. Rowe Price Institutional High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.