Is prfhx a strong bond fund right now?
PRFHX: What are Zacks experts saying now? Is PRFHX a Strong Bond Fund Right Now? Is PRFHX a Strong Bond Fund Right Now? Is PRFHX a Strong Bond Fund Right Now? No Record found. The fund was incepted in March 1985 and is managed by T.Rowe Price Associates.
Is prfhx’s parent organization a good choice?
The Parent Pillar is our rating of PRFHX’s parent organization’s priorities and whether they’re in line with investors’ interests. A strong choice among the high yield muni cohort.
What is the prfhx people pillar?
The People Pillar is our evaluation of the PRFHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
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Will PRFHX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
A strong choice among the high yield muni cohort
T. Rowe Price Tax-Free High Yield is managed by an experienced muni team. Thorough bottom-up research, rational and repeatable portfolio construction, and robust analytical tools support a Morningstar Analyst Rating of Gold for the strategy’s cheapest share classes and Silver for the strategy’s Advisor shares.
About PRFHX
The investment seeks a high level of income exempt from federal income taxes by investing primarily in long-term low- to upper-medium-grade municipal securities. Normally, at least 80% of the fund's income will be exempt from federal income taxes.
Rankings
U.S. News evaluated 196 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 6.08 percent over the past year, 6.14 percent over the past three years, 5.24 percent over the past five years, and 5.43 percent over the past decade.
Fees
Fees are Below Average compared to funds in the same category. T. Rowe Price Tax Free High Yield Fund has an expense ratio of 0.62 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
Mutual Funds Research & Tools
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Fund Description
The fund was incepted in March 1985 and is managed by T.Rowe Price Associates. This fund's main objective is to seek a high level of income exempt from federal income tax by investing primarily in long-term, low- to upper-medium-quality municipal securities.
