TUHAX Fees and Costs — T. Rowe Price U.S. High Yield Fund, Advisor Class
Data updated: 2026-08-12
The net expense ratio is 0.90%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.33% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 87%.
TUHAX Fees and Expenses
Annual operating expenses and sales charges of TUHAX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.90% |
| 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 |
TUHAX Costs Over Time
On $10,000 invested in TUHAX, assuming 5% a year before costs, total costs come to $564 over 5 years, cutting the return by 0.94% 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 0.90%) | $94 | $295 | $512 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $310 | $564 |
| Value after costs | $10,406 | $11,266 | $12,199 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
TUHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $804.9M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
TUHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $130.1M | 18.61% |
| J.P. MORGAN SECURITIES LLC | $121.6M | 17.40% |
| MORGAN STANLEY & CO. LLC | $97.5M | 13.94% |
| GOLDMAN SACHS & CO. LLC | $95.9M | 13.73% |
| BOFA SECURITIES, INC. | $89.7M | 12.83% |
| Citigroup Inc. | $77.3M | 11.05% |
| BARCLAYS CAPITAL INC. | $42.6M | 6.09% |
| RBC Capital Markets, LLC | $15.2M | 2.18% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $15.0M | 2.14% |
| Deutsche Bank Securities Inc. | $14.2M | 2.03% |
T. Rowe Price U.S. 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 |
|---|---|---|---|
| TUHIX | I Class | 0.60% | — |
| TUHYX | T. Rowe Price U.S. High Yield Fund | 0.75% | — |
| TUHAX | Advisor Class | 0.90% | — |
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.