TRKZX Performance — T. Rowe Price High Yield Fund, Inc., Z Class
Data updated: 2026-08-12
TRKZX returned +2.00% year to date and +8.19% over one year to May 2026. Annualised returns are +9.73% over 3 years and +4.86% over 5 years. The fund beat its High Yield Bond category average: $100 invested three years ago grew to $132, against $126 for the category, and to $108 over one year, against $107. Volatility over the past three years was 4.32% a year. In the 12 months to May 2026 the fund lost a net $473.6M, and assets reached $6.34B.
TRKZX Growth of $100
What $100 invested in T. Rowe Price High Yield Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | TRKZX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $132 | $126 |
| 5 years (Jun 2021 – May 2026) | $127 | $120 |
| Since data start (Mar 2020 – May 2026) | $158 | $130 |
TRKZX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.00% |
| 1 year | +8.19% |
| 3 years (annualised) | +9.73% |
| 5 years (annualised) | +4.86% |
TRKZX Annual Returns
Calendar-year total returns of T. Rowe Price High Yield Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.00% |
| 2025 | +9.56% |
| 2024 | +7.33% |
| 2023 | +14.44% |
| 2022 | −10.65% |
| 2021 | +6.08% |
| 2020 (Mar–Dec) | +21.08% |
TRKZX 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 | +0.4% | 0.0% | −0.6% | +1.6% | +0.4% | — | — | — | — | — | — | — |
| 2025 | +1.5% | +0.7% | −1.1% | −0.1% | +2.2% | +1.8% | +0.6% | +1.0% | +0.8% | +0.3% | +0.4% | +1.1% |
| 2024 | +0.1% | +0.1% | +0.9% | −0.9% | +1.2% | +1.1% | +1.8% | +1.5% | +1.2% | −0.6% | +1.1% | −0.4% |
| 2023 | +4.2% | −1.2% | +0.8% | +1.1% | −1.0% | +1.9% | +1.5% | +0.4% | −0.8% | −1.5% | +4.8% | +3.6% |
| 2022 | −2.6% | −0.8% | −0.9% | −3.5% | −0.1% | −7.0% | +6.2% | −2.2% | −4.3% | +2.8% | +2.4% | −0.5% |
| 2021 | +0.4% | +0.3% | +0.5% | +1.1% | +0.3% | +1.2% | +0.5% | +0.6% | 0.0% | 0.0% | −1.0% | +2.0% |
| 2020 | — | — | −0.8% | +5.1% | +4.4% | +0.6% | +4.4% | +0.8% | −0.9% | +0.5% | +3.5% | +1.8% |
TRKZX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.32%
- 3-year Sharpe ratio: 1.21 (vs 4.5% risk-free rate)
- Best month: +4.80% (Nov 2023)
- Worst month: −1.51% (Oct 2023)
TRKZX Fund Flows
Monthly money in and out of T. Rowe Price High Yield Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: −$473.6M
- 12-month gross sales (incl. reinvestments): $1.3B
- Sales ÷ redemptions: 0.73×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $101.8M | $97.0M | $4.7M |
| Apr 2026 | $106.6M | $113.4M | −$6.9M |
| Mar 2026 | $85.5M | $284.4M | −$198.9M |
| Feb 2026 | $96.6M | $76.2M | $20.4M |
| Jan 2026 | $129.0M | $122.7M | $6.2M |
| Dec 2025 | $129.1M | $97.5M | $31.6M |
| Nov 2025 | $94.8M | $80.0M | $14.8M |
| Oct 2025 | $146.0M | $311.1M | −$165.1M |
| Sep 2025 | $100.5M | $87.9M | $12.6M |
| Aug 2025 | $97.3M | $83.9M | $13.4M |
| Jul 2025 | $80.4M | $313.5M | −$233.1M |
| Jun 2025 | $106.3M | $79.7M | $26.6M |
TRKZX Assets Under Management
Net assets of T. Rowe Price High Yield Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $6.34B |
| 2026-02-28 | $6.57B |
| 2025-11-30 | $6.53B |
| 2025-08-31 | $6.69B |
| 2025-05-31 | $6.78B |
| 2025-02-28 | $6.74B |
| 2024-11-30 | $6.98B |
| 2024-08-31 | $6.90B |
| 2024-05-31 | $6.71B |
| 2024-02-29 | $7.05B |
| 2023-11-30 | $6.89B |
| 2023-08-31 | $7.12B |
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.