Strategy

Investment Objective

The fund seeks total return, and secondarily, current income.

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1

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2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

a

The T. Rowe Price US High Yield Fund (“Fund”) commenced operations on May 19, 2017.  At that time, the Fund received all of the assets and liabilities of the Henderson High Yield Opportunities Fund (the “Predecessor Fund”) and adopted its performance and accounting history.  The Fund and the Predecessor Fund have substantially similar investment objectives and strategies.  The Predecessor Fund was managed by the same portfolio manager as the Fund.

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