Strategy
Investment Objective
The fund seeks high current income and, secondarily, capital appreciation.
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'Fund Manager Tenure' refers to the number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
'Net Assets' figure applies to all share classes.
Closed to new investors except for a direct rollover from a retirement plan into a T. Rowe Price IRA invested in this fund.
Effective August 1, 2024, the benchmark for the fund changed to the Bloomberg US High Yield 2% Issuer Capped Bond Index.Prior to this change, the primary benchmark for the fund was the Credit Suisse High Yield Index benchmark.
