# EDGAR Filing Document

**Accession Number:** 0000754915
**File Stem:** 0001193125-23-013983
**Filing Date:** 2023-1
**Character Count:** 194814
**Document Hash:** 474df9f24e4e8d7c3fb3c0694c6a47c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-013983.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001193125-23-013983

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**EFFECTIVENESS DATE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price High Yield Fund, Inc.
- **CENTRAL INDEX KEY:** 0000754915
- **IRS NUMBER:** 521371712
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04119
- **FILM NUMBER:** 23546824

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE HIGH YIELD FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### T. Rowe Price U.S. High Yield Fund (Series ID: S000057617)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000183992 | T. Rowe Price U.S. High Yield Fund               | TUHYX           |
| C000183993 | T. Rowe Price U.S. High Yield Fund-Advisor Class | TUHAX           |
| C000183994 | T. Rowe Price U.S. High Yield Fund-I Class       | TUHIX           |

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

# **FORM N-CSR**

# **CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act File Number: 811-04119

T. Rowe Price High Yield Fund, Inc.
(Exact name of registrant as specified in charter)

100 East Pratt Street, Baltimore, MD 21202
(Address of principal executive offices)

David Oestreicher
100 East Pratt Street, Baltimore, MD 21202
(Name and address of agent for service)

Registrant's telephone number, including area code: (410) 345-2000

Date of fiscal year end: May 31

Date of reporting period: November 30, 2022

# ---**Item 1. Reports to Shareholders**

# **(a) Report pursuant to Rule 30e-1**

T.RowePrice®

# SEMIANNUAL REPORT

November 30, 2022

| TUHYX | T. ROWE PRICE U.S. High Yield Fund |
| --- | --- |
| TUHAX | U.S. High Yield Fund- Advisor Class |

INVEST WITH CONFIDENCE®

The U.S. High Yield Fund generated negative returns and underperformed its benchmark, the ICE BofA US High Yield Constrained Index, and its Lipper peer group average over the six-month period ended November 30, 2022.

Strained liquidity and risk-off sentiment weighed on the CCC rating bucket. As a result, our overweight allocation to bonds rated CCC, coupled with security selection within the quality service designed from relative performance.

I Class

## Go Paperless

Sign up for e-delivery of your statements, confirmations, and prospectuses or shareholder reports.

### TO ENROLL:

If you invest directly with T. Rowe Price, go to **troweprice.com/paperless**.

If you invest through an investment advisor, a bank, or a brokerage firm, please contact that organization and ask if it can provide electronic documentation.

**It's fast**-receive your statements and confirmations faster than U.S. mail.

**It's convenient**-access your important account documents whenever you need them.

**It's secure**-we protect your online accounts using 'True Identity' to confirm new accounts and make verification faster and more secure.

**It can save you money**-where applicable, T. Rowe Price passes on the cost savings to fund holders.*

* Certain mutual fund accounts that are assessed an annual account service fee can also save money by switching to e-delivery.

T. ROWE PRICE U.S. HIGH YIELD FUND

Market Commentary

# **HIGHLIGHTS**

Conversely, our selection among B and BB rated bonds generated relative gains, as did our out-of-benchmark allocation to leveraged loans (also known as bank debt). Global stock markets generally produced negative returns during the first half of your fund's fiscal year, the six-month period ended November 30. In terms of industry positioning, we continued to hold a sizable overweight to the energy sector, which represented our largest absolute position and benefited. However, we began to reduce our overweight based on richer and corporate earnings growth, our hopes that palatability, high season

Log in to your account at troweprice.com for more information.

T. ROWE PRICE U.S. HIGH YIELD FUND

# Dear Shareholder

valuational and a credit spreads within the sector high period following a sustained period of independence. yields led to generally negative results across the fixed income market as bond prices and yields move in opposite directions.

We believe we have seen a peak inflation and The Day rates but at low levels that macro market has been slowed. We believe that the potential for the most recent recession in the world is to be a result of the growth in the world's first 10 years. We have expected the overall growth of our business at the end of the year. We see the world's first 10 years. We see the world's first 10 years.

1

T. ROWE PRICE U.S. HIGH YIELD FUND

Management's Discussion of Fund Performance

as shorter-maturity Treasuries experienced the largest yield increases. The addition, the housing market began to weaken as mortgage rates climbed to the communication services stocks struggled. Outside the U.S., most major country highest level in more than 20 years and regional benchmark for its growth, currently current accounts generally increased. The past year has been a major trend to the U.S. market, which is not yet to be a major trend to the U.S. market. The U.S. market is not yet to be a major trend to the U.S. market.

**FUND COMMENTARY** Investment in international securities policy amid slowing economic growth. However, in our view, valuations have become more effective than the U.S. market. The investment professionals, go to

troweprice.com.

| Six-Month Period Ended 11/30/22 | Total Return |
| --- | --- |
| U.S. High Yield Fund | -4.55% |
| U.S. High Yield Fund- Advisor Class | -4.52 |
| U.S. High Yield Fund- I Class | -4.41 |
| ICE BofA US High Yield Constrained |  |

2

T. ROWE PRICE U.S. HIGH YIELD FUND

# **INVESTMENT OBJECTIVE**

The High Yield Fund is funded in 1989 by the U.S. Department of Labor to provide during the potential opportunities for selective investors focused on fundamentals. Investors are not required to provide a better understanding of the U.S. and the U.S. Department of Labor. The U.S. Department of Labor is not responsible for any investment in the U.S. or its subsidiaries, and is not responsible for any investment in the U.S. or its subsidiaries. Investors are not required to provide a better understanding of the U.S. and the U.S. Department of Labor. Investors are not required to provide a better understanding of the U.S. and the U.S. Department of Labor. Investors are not required to provide a better understanding of the U.S. and the U.S. Department of Labor.

Index

-3.03

Lipper High Yield Funds Average

-2.83

3

T. ROWE PRICE U.S. HIGH YIELD FUND

and energy crisis weakened sentiment surrounding the region. SI Group,

The high yield bond market
for view. We also realized our allocation to loans and other
market bank officials, on how high rates would have to go. The Federal Reserve
and anticipate further reductions given the asset to the
Governing four historically large 75-basis-point (0.75 percentage point) rate
The funds and other investments, contributors on all industry, are reporting
hikes during the period, which lifted its short-term lending benchmark to a
sold. Our best individual, Marger, 2008.

U.S. High Yield Fund
■ BBB Rated 1%
■ BB Rated 24%
■ B Rated 40%
■ CCC Rated 26%
■ Bank Debt 5%
■ Reserves 4%

![img-0.jpeg](img-0.jpeg)

Based on net assets as of 11/30/22.

4

T. ROWE PRICE U.S. HIGH YIELD FUND

researched and generally offer long maturity runways and healthy liquidity, in its recession-resistant business profile further boosted the overall quality of the City of Robert Shara. The results of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development of the research and development

Sources: Credit ratings for the securities held in the fund are provided by Moody's, Standard & Poor's,

change based on changes in market, economic, or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.

9

T. ROWE PRICE U.S. HIGH YIELD FUND

than in the past and as maturity walls have been extended to 2025 and 2026. In the present study, we have provided the following information and purposes of the following: The production, prices, and credit spreads within the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and[{"box_2d": [77, 145, 612, 253], "label": "text", "and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and"}]

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and[{"box_2d": [77, 145, 612, 253], "label": "text", " "and Fitch, and the S&P, and the S&P, and the S&P, and the S&P, and"}][{"box_2d": [77, 145, 612, 253], "label": "text", "}][{"box_2d": [77, 145, 612, 253], "label": "text", " "and Fitch, and the S&P, and the S&P, and the S&P, and"}]

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and[{"box_2d": [77, 145, 612, 253], "label": "text", "}][{"box_2d": [77, 145, 612, 253], "label": "text", " "and Fitch, and the S&P, and the S&P, and the S&P, and"}]

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and[{"box_2d": [77, 145, 612, 253], "label": "text", "}][{"box_2d": [77, 145, 612, 253], "label": "text", "and Fitch, and the S&P, and the S&P, and the S&P, and"}]

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and

and Fitch, and the S&P, and the S&P, and the S&P, and[{"box_2d": [77, 145, 612, 253], "label": "text", "caption": "and Fitch, and the S&P, and the S

T. ROWE PRICE U.S. HIGH YIELD FUND

# RISKS OF INVESTING

In the case of the report, the report is a result of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of the results of

7

T. ROWE PRICE U.S. HIGH YIELD FUND

# **BENCHMARK INFORMATION (CONTINUED)**

with our view that recurring cash flows, strong organic revenue growth, and
lowest interest rate, have positioned the sector for outperformance and market
investments. Our largest underweight are to health care, leisure and services,
collecting our view that more attractive valuations can be found in other
segments of the high yield market.
We are not to be able to see the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source of the market for the market
the company is a major source

8

T. ROWE PRICE U.S. HIGH YIELD FUND

# **BENCHMARK INFORMATION (CONTINUED)**

For the above, mailto and other information, please contact us at the address below.

# **E TWENTY-FIVE LARGEST ISSUERS**

Percent of
Net Assets
11/30/22

9

T. ROWE PRICE U.S. HIGH YIELD FUND

Carnival REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING 1.7%
Tutor Performed to Client by Moody's, MOODY'S INFORMATION MAY NOT BE
ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
Sigma HOLDING OR OTHERWISE, INCLUDING THE PACKAGED, FURTHER
PARTICULAR, PURPOSE OR USE, INCLUDING THE INDICES, INDEX,
eG Global, and other legal year-end data. (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note: (Note

![img-0.jpeg](img-0.jpeg)

As of 11/30/22

| - U.S. High Yield Fund-Advisor Class | $14,470 |
| --- | --- |
| --- ICE BofA US High Yield Constrained Index | 14,146 |
| - Lipper High Yield Funds Average | 13,251 |

10

T. ROWE PRICE U.S. HIGH YIELD FUND

# **GROWTH OF $10,000**

Vital: M$1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000

|  | Periods Ended 11/30/22 | 1 Year | 5 Years | Since Inception | Inception Date |
| --- | --- | --- | --- | --- | --- |
| V | U.S. High Yield Fund | -12.47% | 1.56% | 2.01% | 5/19/17 |
| C | U.S. High Yield Fund- Advisor Class | -12.62 | 1.38 | 3.93 | 4/30/13 |

S1

11

T. ROWE PRICE U.S. HIGH YIELD FUND

# AVERAGE ANNUAL COMPOUND TOTAL RETURN

U.S. High Yield Fund-Class 32.24 1.69 4.22 8/2012
U.S. High Yield Fund-Class 1.2
BroadStreet Partners
This table shows how the fund would have performed each year from date of publication.

|  |  | Gross | Net |
| --- | --- | --- | --- |
| D | U.S. High Yield Fund | 0.78% | 0.75% |
| A | U.S. High Yield Fund-Advisor Class | 1.05 | 0.90 |
| V | U.S. High Yield Fund-I Class | 0.65 | 0.61 |

12

T. ROWE PRICE U.S. HIGH YIELD FUND

# **EXPENSE RATIO**

On the 1st day of December, the President of the United States, the following: (1) The President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, and (2) The President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, and (3) The President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, and (4) The President of the United States, the President of the United States, the President of the United States, the President of the United States, the President of the United States, and (5) The President of the United States, the President of the United States, the President of the United States, the President of the United States, and (6) The President of the United States, the President of the United States, the President of the United States, the President of the United States, and (7) The President of the United States, the President of the United States, the President of the United States, and (8) The President of the United States, the President of the United States, the President of the United States, and (9) The President of the United States, the President of the United States, and (10) The President of the United States, the President of the United States, and (11) The President of the United States, the President of the United States, and (12) The President of the United States, the President of the United States, and (13) The President of the United States, the President of the United States, and (14) The President of the United States, the President of the United States, and (15) The President of the United States, the President of the United States, and (16) The President of the United States, the President of the United States, and (17) The President of the United States, the President of the United States, and (18) The President of the United States, the President of the United States, and (19) The President of the United States, the President of the United States, and (20) The President of the United States, the President of the United States, and (21) The President of the United States, the President of the United States, and (22) The President of the United States, the President of the United States, and (23) The President of the United States, the President of the United States, and (24) The President of the United States, the President of the United States, and (25) The President of the United States, the President of the United States, and (26) The President of the United States, the President of the United States, and (27) The President of the United States, the President of the United States, and (28) The President of the United States, the President of the United States, and (29) The President of the United States, the President of the United States, and (30) The President of the United States, the President of the United States, and (31) The President of the United States, the President of the United States, and (32) The President of the United States, the President of the United States, and (33) The President of the United States, the President of the United States, and (34) The President of the United States, the President of the United States, and (35) The President of the United States, the President of the United States, and (36) The President of the United States, the President of the United States, and (37) The President of the United States, the President of the United States, and (38) The President of the United States, the President of the United States, and (39) The President of the United States, the President of the United States, and (40) The President of the United States, the President of the United States, and (41) The President of the United States, the President of the United States, and (42) The President of the United States, the President of the United States, and (43) The President of the United States, the President of the United States, and (44) The President of the United States, the President of the United States, and (45) The President of the United States, the President of the United States, and (46) The President of the United States, the President of the United States, and (47) The President of the United States, the President of the United States, and (48) The President of the United States, the President of the United States, and (49) The President of the United States, the President of the United States, and (50) The President of the United States, the President of the United States, and (51) The President of the United States, the President of the United States, and (52) The President of the United States, the President of the United States, and (53) The President of the United States, the President of the United States, and (54) The President of the United States, the President of the United States, and (55) The President of the United States, the President of the United States, and (56) The President of the United States, the President of the United States, and (57) The President of the United States, the President of the United States, and (58) The President of the United States, the President of the United States, and (59) The President of the United States, the President of the United States, and (60) The President of the United States, the President of the United States, and (61) The President of the United States, the President of the United States, and (62) The President of the United States, the President of the United States, and (63) The President of the United States, the President of the United States, and (64) The President of the United States, the President of the United States, and (65) The President of the United States, the President of the United States, and (66) The President of the United States, the President of the United States, and (67) The President of the United States, the President of the United States, and (68) The President of the United States, the President of the United States, and (69) The President of the United States, the President of the United States, and (70) The President of the United States, the President of the United States, and (71) The President of the United States, the President of the United States, and (72) The President of the United States, the President of the United States, and (73) The President of the United States, the President of the United States, and (74) The President of the United States, the President of the United States, and (75) The President of the United States, the President of the United States, and (76) The President of the United States, the President of the United States, and (77) The President of the United States, the President of the United States, and (78) The President of the United States, the President of the United States, and (79) The President of the United States, the President of the United States, and (80) The President of the United States, the President of the United States, and (81) The President of the United States, the President of the United States, and (82) The President of the United States, the President of the United States, and (83) The President of the United States, the President of the United States, and (84) The President of the United States, the President of the United States, and (85) The President of the United States, the President of the United States, and (86) The President of the United States, the President of the United States, and (87) The President of the United States, the President of the United States, and (88) The President of the United States, the President of the United States, and (89) The President of the United States, the President of the United States, and (90) The President of the United States, the President of the United States, and (91) The President of the United States, the President of the United States, and (92) The President of the United States, the President of the United States, and (93) The President of the United States, the President of the United States, and (94) The President of the United States, the President of the United States, and (95) The President of the United States, the President of the United States, and (96) The President of the United States, the President of the United States, and (97) The President of the United States, the President of the United States, and (98) The President of the United States, the President of the United States, and (99) The President of the United States, the President of the United States, and (100)

FUND EXPENSE EXAMPLE

This fee is not included in the accompanying table. If you are subject to the fee, keep it in mind

![img-1.jpeg](img-1.jpeg)

13

T. ROWE PRICE U.S. HIGH YIELD FUND

# **FUND EXPENSE EXAMPLE (CONTINUED)**

when you are estimating the ongoing expenses of investing in the fund and when comparing
As a mutual fund shareholder, you may incur two types of costs: (1) transaction costs, such as
the expenses of this fund with other funds.

|  | Periods Ended 9/30/22 | 1 Year | 5 Years | Since Inception | Inception Date |
| --- | --- | --- | --- | --- | --- |
| U.S. High Yield Fund |  | -17.07% | 0.79% | 1.29% | 5/19/17 |
| U.S. High Yield Fund- Advisor Class |  | -17.30 | 0.61 | 3.55 | 4/30/13 |

14

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

# **QUARTER-END RETURNS**[{"box_2d": [30, 81, 613, 184], "label": "table", "caption": "

| U.S. High Yield Fund- I Class | -16.96 | 0.92 | 3.84 | 4/30/13 |
| --- | --- | --- | --- | --- |
| shares, its distribution and service (12b-1) fee, the Advisor Class shares are offered only |  |  |  |  |
| the full of a limited, more than one share of the following items: (1) 2006-2007 (2006-2007) |  |  |  |  |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |  |  |  |  |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |  |  |  |  |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |  |  |  |  |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2 |  |  |  |  |

| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| --- |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2 |

| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| --- |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2 |

| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| --- |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2 |

| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| --- |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| the and 1 Class of the same as the other items: (1) 2006- |

| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| --- |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| the and 1 Class of the same as the other items: (1) 2006- |

| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |
| --- |
| the and 1 Class of the same as the other items: (1) 2006-2007 (2006-2007) |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |
| the and 1 Class of the same as the other items: (1) 2006- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |
| the and 1 Class of the same as the other items: (1) 2006- |
| the and 1 Class of the same as the other items: (1) 2006- |
| the and 1 Class of the same as the other items: (1) 2006- |
| the and 1 Class of the same as the other items: (1) 2006- |
| the and 1 Class of the same as the other items: (1) 2006- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

| the and 1 Class of the same as the other items: (1) 2006- |
| --- |

<table><tr><td colspan=\"5\">the and 1 Class of the same as the other items: (1) 2

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

**FINANCIAL INFORMATION** The financial period is the year from the financial year to the year of the financial year. The financial period is the year from the financial year to the year of the financial year. The financial period is the year from the financial year to the year of the financial year.

| Ratios/Supplemental Distributions | Data |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| Total return income | (4.55)% (0.29) | (7.87)% (0.55) | 13.94% (0.56) | 3.43% (0.55) | 4.91% (0.62) | 2.31% (0.54) |

16

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)[{"box_2d": [31, 81, 615, 241], "label": "table", "caption": "

| FINANCIAL PROVISIONS |
| --- |
| The fund with other funds by construction of the functional expense and the pre-payment of the pre-decessor Fund |
| and the pre-payment of the pre-decessor Fund |
| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| and the pre-decessor Fund |
| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| and the pre-decessor Fund |
| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |
| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |
| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |
| and the pre-decessor Fund |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

| The fund with other funds by construction of the functional expense and the pre-decessor Fund |
| --- |

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></tr></table>

<table><td colspan=\"7\">The fund with other funds by construction of the functional expense and the pre-decessor Fund</td></

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

FINANCIAL SERVICES Class was 0.90%, and the I Class was 0.61%.

For a share outstanding throughout each period

| Advisor Class | 0.20 % (4) | 0.54% | 0.50% | 0.55% | 0.80% | 0.82% |
| --- | --- | --- | --- | --- | --- | --- |
| P | 6 Months Ended | Year Ended | 1/2/2016 | 1/2/2017 | 1/2/2018 | 1/2/2019 |
| Net Income (end of period) | 11/30/22 | 5/31/22 | 5/31/21 | 5/31/20 | 5/31/19 | 5/31/18 |

Ratios/Supplemental

Data

Distributions

Total return amounts calculated using average shares outstanding 0.50% 4.76% 2.14%
See Note 5 for details of expense-related arrangements with Price Associates. (0.61) (0.52)

18

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

FINANCIAL - HIGH YIELD

For a share outstanding throughout each period

Class

Note: (1) The rate that an investor would have earned on an investment in the fund is 100% (0.05) (0.04) (0.03) (0.02) (0.01) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
The rate that an investor would have earned on an investment in the fund is 100% (0.05) (0.04) (0.03) (0.02) (0.01) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
The rate that an investor would have earned on an investment in the fund is 100% (0.05) (0.04) (0.03) (0.02) (0.01) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
The rate that an investor would have earned on an investment in the fund is 100% (0.05) (0.04) (0.03) (0.02) (0.01) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
The rate that an investor would have earned on an investment in the fund is 100% (0.05) (0.04) (0.03) (0.02) (0.01) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
The rate that an investor would have earned on an investment in the fund is 100% (0.05) (0.04) (0.03) (0.02) (0.01) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)

NET ASSET VALUE

Earnings per share

Net expenses after
beginning of period
waivers/payments

by Price Associates
Investment activities
Net investment
Net investment

|  | 11/30/22 | 5/31/22 | 5/31/21 | 5/31/20 | 5/31/19 | 5/31/18 |
| --- | --- | --- | --- | --- | --- | --- |
| Net Assets | $8.68 % (3) | $8.72% | $10.55% | $9.58% | $9.65% | $9.71% |
| Net expenses after beginning of period waivers/payments | $8.68 | $10.06 | $9.35 | $9.57 | $9.73 | $10.12 |
| by Price Associates Investment activities | 0.90 % (4) | 0.92% | 0.94% | 0.94% | 0.95% | 0.94% |

19

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

# FINANCIAL HIGHLIGHTS

For a share outstanding throughout each period

| I Class | 0.30 % (4) | 0.49% | 0.52% | 0.60% | 0.65% | 0.66% |
| --- | --- | --- | --- | --- | --- | --- |
| P | 6 Months E/2017% | Year E/2018% | 1/2018% | 1/2017% | 1/2018% | 1/2017% |
| Net earnings (end of period for thousands) | 11/30/22 | 5/31/22 | 5/31/21 | 5/31/20 | 5/31/19 | 5/31/18 |

# Ratios/Supplemental Data  
Distributions

Total return amounts calculated using average shares outstanding 3.50% 5.06% 2.45%  
See Note 5 for details of expense-related arrangements with Price Associates. (0.55) (0.55) (0.55)

20

T. ROWE PRICE U.S. HIGH YIELD FUND

November 30, 2022 (Unaudited)

FINANCIAL - HIGHLIGHTS

Par/Shares $ Value

(Amounts in 000s)

| BANK LOANS 5.4% (1) |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |
| Initial Assets (0.00) |  |  |  |  |  |  |

| NET ASSETS VALUE |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| End of period | $6.00% | $6.66% | $10.66% | $9.35% | $9.57% | $9.79% |
| Net expenses after waivers/payments by Price Associates | 0.61% | 0.61% | 0.63% | 0.64% | 0.64% | 0.64% |
| Net Investment |  |  |  |  |  |  |

21

T. ROWE PRICE U.S. HIGH YIELD FUND

FUNDING - RELEASE 3/18/18

| Journey Personal Care, FRN, 1M USD LIBOR + 4.25%, 7.924%, |  | Par/Shares | $ Value |
| --- | --- | --- | --- |
| Amounts in 000s) |  | 5,901 | 4,220 |
| Naked Juice, FRN, 1M TSFR + 6.10%, 9.653%, 1/20/30 |  | 3,730 | 2,806 |
| Granite U.S. Holdings, 11.00%, 10/1/27 (3) |  | 4,944 | 4,124 |
| Sodging |  | 5.78% | 5.46% |
| Sodging, ZeroSystems, 4.60%, 6/15/28 |  | 5.86% | 5.42% |
| Health Care 1.0% |  |  | 5,826 |
| Pestolite, Turnover Rate |  | 156.7% | 154.3% |
| Pestolite, Turnover Rate, FRN, 1M TSFR + 5.25%, 9.748%, 2/1/27 |  | 156.7% | 154.3% |
| Non-State, 6.2% |  |  | 4,349 |
| per 000 (in thousands) |  | $201,123 | $228,946 |
|  |  | $55,120 | $44,469 |
|  |  | $59,428 | $39,881 |

(1) Per share amounts calculated using average shares outstanding method.

(2) See Note 5 for details of expense-related arrangements with Price Associates.

22

T. ROWE PRICE U.S. HIGH YIELD FUND

| Retail | 1.1% | 4/15/26 (3) | 615 | 597 |
| --- | --- | --- | --- | --- |
| HUS | Redemption | FRN, 12% US$1/20 (3) + 6.25%, 10.42%, 4/21/27 | Particulars | 4,000 |
| Major | Other | Holdings IV, 6.375%, 6/1/29 (3) | 5,985 | 4,820 |
| Services | 6.2% | 7.875%, 5/15/26 (3) | 9,396 | 6,640 |
| CRIS | 6.25% | 5/15/26 (3) | 1,475 | 1,123 |
| Service | 6.4% | Particulars (4/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15 | 3,350 | 2,965 |
| Other | 6.4% | Particulars (4/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15 | 5,520 | 4,998 |
| Total | 6.4% | Particulars (4/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15 | 4,500 | 3,858 |
| Total | 6.4% | Particulars (4/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15/26 or 9/15 | 5,985 | 4,820 |
| Ending | 15.5% |  |  | 12,007 |

23

T. ROWE PRICE U.S. HIGH YIELD FUND

| Assumptions for Other Utilities | 2,595 | 2,329 |
| --- | --- | --- |
| Assumptions for Other Utilities | 2,595 | 2,329 |
| Assumptions for Other Utilities | 2,595 | 2,329 |
| Assumptions for Other Utilities | 2,595 | 2,329 |
| Assumptions for Other Utilities | 2,595 | 2,329 |

24

T. ROWE PRICE U.S. HIGH YIELD FUND

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |

| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| --- | --- | --- |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |
| National Finance 0.00% 5/1/28 (3) | 4,000 | 4,000 |

25

T. ROWE PRICE U.S. HIGH YIELD FUND

| Commercial Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |
| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |
| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |
| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

</table>

| Total Stock Purchases | 4.50% | 2015/27 | 1,000 | 1,000 |
| --- | --- | --- | --- | --- |

26

T. ROWE PRICE U.S. HIGH YIELD FUND

Transportation (2) 2,500 (4) tons purchased pursuant to Rule 144A under the Securities Act of 1934
American Express, 5,000 (6) tons (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100)

Transportation (3) 2,500 (4) tons (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100)

Retail Car 4% 5,035 15,520
Health Care 20% 5,000 (6) 5,000 (7) 5,000 (8) 5,000 (9) 5,000 (10) 5,000 (11) 5,000 (12) 5,000 (13) 5,000 (14) 5,000 (15) 5,000 (16) 5,000 (17) 5,000 (18) 5,000 (19) 5,000 (20) 5,000 (21) 5,000 (22) 5,000 (23) 5,000 (24) 5,000 (25) 5,000 (26) 5,000 (27) 5,000 (28) 5,000 (29) 5,000 (30) 5,000 (31) 5,000 (32) 5,000 (33) 5,000 (34) 5,000 (35) 5,000 (36) 5,000 (37) 5,000 (38) 5,000 (39) 5,000 (40) 5,000 (41) 5,000 (42) 5,000 (43) 5,000 (44) 5,000 (45) 5,000 (46) 5,000 (47) 5,000 (48) 5,000 (49) 5,000 (50) 5,000 (51) 5,000 (52) 5,000 (53) 5,000 (54) 5,000 (55) 5,000 (56) 5,000 (57) 5,000 (58) 5,000 (59) 5,000 (60) 5,000 (61) 5,000 (62) 5,000 (63) 5,000 (64) 5,000 (65) 5,000 (66) 5,000 (67) 5,000 (68) 5,000 (69) 5,000 (70) 5,000 (71) 5,000 (72) 5,000 (73) 5,000 (74) 5,000 (75) 5,000 (76) 5,000 (77) 5,000 (78) 5,000 (79) 5,000 (80) 5,000 (81) 5,000 (82) 5,000 (83) 5,000 (84) 5,000 (85) 5,000 (86) 5,000 (87) 5,000 (88) 5,000 (89) 5,000 (90) 5,000 (91) 5,000 (92) 5,000 (93) 5,000 (94) 5,000 (95) 5,000 (96) 5,000 (97) 5,000 (98) 5,000 (99) 5,000

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100

27

T. ROWE PRICE U.S. HIGH YIELD FUND

November 30, 2022 (Unaudited)

| Total Corporate Funds (Total $454,310) | 378,603 |
| --- | --- |
| Total Corporate Funds (Total $454,310) | 378,603 |
| Total Corporate Funds (Total $454,310) | 378,603 |
| Total Corporate Funds (Total $454,310) | 378,603 |
| Total Corporate Funds (Total $454,310) | 378,603 |

| Total Corporate Funds (Total $454,310) | 3,355 | 3,221 |
| --- | --- | --- |
| Total Corporate Funds (Total $454,310) | 4,855 | 4,060 |
| Total Corporate Funds (Total $454,310) | 4,855 | 4,060 |
| Total Corporate Funds (Total $454,310) | Change in Net | 27,480 |
| Total Corporate Funds (Total $454,310) | Net Realized | Unrealized |
| Total Corporate Funds (Total $454,310) | Gain (Loss) | Gain/Loss |
| Total Corporate Funds (Total $454,310) |  | Income |
| Total Corporate Funds (Total $454,310) |  | 2,576 |
| Cash |  | 349 |
| Receivable for shares sold |  | 207 |
| Other assets |  | 38 |
| Total assets |  | 433,733 |

28

T. ROWE PRICE U.S. HIGH YIELD FUND

November 30, 2022 (Unaudited)

| STATEMENT OF ASSETS AND LIABILITIES |  |  |  |
| --- | --- | --- | --- |
| Supplementary Investment Schedules |  | Value | Purchase |
| Total Preferred Stock (Cost $4,042) |  | 11/30/27 | 152 |
| Total Assets Consist of: |  |  |  |
| Reserves |  |  |  |
| Payable for shares redeemed |  |  |  |
| Payable for shares redeemed |  |  |  |
| Cash gain/losses |  |  |  |
| Total liabilities |  |  |  |
| Total liabilities |  |  |  |
| Net Assets Consist of: |  |  |  |
| Reserves |  | $9,350 | 0 |
| Payable for shares redeemed |  |  |  |
| Paid in capital applicable to 53,771,939 shares of $0.01 par |  |  |  |
| Payable for securities |  |  |  |
| Cash gain/losses |  |  |  |
| Incorporated |  |  |  |
| Due to affiliates |  |  |  |
| NET ASSETS |  |  | $17,514 |
| Total liabilities |  |  | (139,917) |
|  |  |  | 1,105 |
|  |  |  | 865 |
|  |  |  | $0 of the net realized gain |
|  |  |  | 541,848 |
|  |  |  | 8 |
| NET ASSETS |  |  | $431,226 |
| Total liabilities |  |  | 2,507 |
| NET ASSET VALUE PER SHARE |  |  |  |

29

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

# STATEMENT OF ASSETS AND LIABILITIES

The applicable income statement (11) of dividend income and $0 of interest income.

Purchase and sale information not shown for cash management funds.

The cost basis of investments in affiliated companies was $17,514.

| NET ASSETS | $ | 6 Months |
| --- | --- | --- |
| Investor Class |  | 431,226 |
| (Investment Income (Loss) | $ | 11/30/22 |
| Advisor Class |  | 8.04 |
| ($5,413,325 / 674,070 shares outstanding) | $ | 8.03 |
| Investment Interest | $ | 17,879 |
| I Class |  | 54 |
| Dividend |  | 2.00 |
| ($201,122,984 / 25,152,804 shares outstanding) | $ | 17,935 |
| Total Income |  |  |

Expenses

The accompanying notes are an integral part of these financial statements.

30

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

# STATEMENT OF OPERATIONS

($000s)

| Investment management | 6 Months Ended | 1 Year Ended |
| --- | --- | --- |
| Shareholder servicing | $11/30/23 | 5/31/22 |
| Increase (Decrease) in Net Assets | 5 |  |
| Operating | 55 | 333 |
| Risk investment income | $16,368 | $31,644 |
| Net realized | (20,424 ) | (4,168 ) |
| Proportion and amortized expense | (18,884 ) | (74,201 ) |

The accompanying notes are an integral part of these financial statements.

31

T. ROWE PRICE U.S. HIGH YIELD FUND

(Unaudited)

# STATEMENT OF CHANGES IN NET ASSETS

($000s)

| Decrease in net assets from operations | (2,694) | (46,726) |
| --- | --- | --- |
| Investor Class | Ended | Ended |
| I Class | 11/30/22 | 5/31/22 |
| Net Assets |  | 93 |
| Decrease in net assets |  | 43 |
| Decrease in net assets period | (8,470) | (20,000) |
| Decrease in net assets period | 50,000 | 50,000 |
| End of period | $431,000 | $501,000 |
| Decrease in net assets from distributions | (16,281) | (36,375) |
| *(based on plan by price associated) |  | (241) |
| *Share information (000s) |  |  |

32

T. ROWE PRICE U.S. HIGH YIELD FUND

Unaudited

# STATEMENT OF CHANGES IN NET ASSETS financial statements.

($000s)

Total expenses 1,565
Cash flows from the 1st of 1940 (the 1940 Act). The U.S. High Yield Fund (the 1st of 1940) was 1,565
Net investment income 6,130 19,787
shares, plus 1,000 19,787
shares, plus 1,000 19,787
Advisory Class 49,770 174,294
Realized and unrealized sales to above, and secondarily, current income. The 1st of 1940
Advisory Class 49,770 174,294
Net financial statements: the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class), the U.S. High Yield Fund (Investor Class),

The financial statements. I Class shares are sold only through various brokers and other financial instruments. I Class shares are liquidated and liabilities denominated in foreign currencies. I Class shares require a $500,000 initial investment minimum,

The accompanying notes are an integral part of these financial statements.

33

T. ROWE PRICE U.S. HIGH YIELD FUND

NOTES TO FINANCIAL STATEMENTS

T. Rowe Price High Yield Fund (the corporation) is registered under the transactions and accounted for on the trade date basis. Income and expenses are
Changes in Net Assets from 2012 to 2021. Realized gains and losses are reported on the intended
Net Assets, including the authorized gain/losses, and the amount of interest, interest and other accounts. Prior to November 15, 2021, the
endorsed changes become tax-related interest and penalties (if incurred) are reported
as a class tax expense. Dividends received from mutual fund investments and related
intermediates, eligible retirement plans, and other certain accounts. As a result of the
increase, the interest in shares outstanding.
As a result of the increase, capital gain distributions are reflected as reported gain/losses
reductions in the Class minimum. Certain assets transferred from the investor class.
Dividends (decrease) and the amount of interest share recorded on the ex-dividend date
to the Class. This transfer of shares from Investor Class to Class is reflected in
transactions (31,529) 79,124
the Statement of Changes in Net Assets within the Capital shares transactions as

34

T. ROWE PRICE U.S. HIGH YIELD FUND

# **Investment Transactions, Investment Income, and Distributions** Investment

Non-cash dividends, if any, are recorded at the fair market value of the asset received. Reform (Topic 848) - Facilitation of the Effects of Reference Rate Reform on Financial Reporting in March, 2020 and ASV 2021-01, in January 2021, which provided further shares of interest and equity, with its accounts. This process, sales and sales under it of interest in net unrealized earnings from securities. Distributions to shareholders are amendments and contributions to Topic 848. These costs provide optional, temporary investment. Rule 12b-1 was pursuant to which the class compensates financial recovery of the stockholders' equity income distributions. If any are deemed for each other with respect to the financial reporting of contracts, subject to certain types of loss, such as fair reserves. A interest gain distribution, if any, may also be required. Implications due to the planned discontinuation of the London Interbank Offered between the previous and its classes do not pay Rule 12b-1 fees. Each class has exclusive rate (LIBOR) and other interbank-offered based reference rates through December 31, voting rights on matters related solely to that class, separate voting rights on matters 2022. Management intends to rely upon the relief provided under Topic 848, which is that relate to all classes, and, in all other respects, the same rights and obligations as the other classes.

35

T. ROWE PRICE U.S. HIGH YIELD FUND

The FASB issued Accounting Standards Update (ASU), ASU 2020-04, Reference Rate

**Class Accounting** Shareholder servicing, prospectus, and shareholder report expenses not expected to have a material impact on the fund's financial statements incurred by each class are charged directly to the class to which they relate. Expenses

In the case of the class and the class of the class, the class of the class based upon the observable inputs are developed using market data, such as publicly available information about actual events or transactions, and reflects the assumptions that market

**NOTE** **SIGNIFICANT ACCOUNTING POLICIES** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE** **NOTE**

Standards Codification Topic 946 (ASC 946). The accompanying financial statements

36

T. ROWE PRICE U.S. HIGH YIELD FUND

Level 3 - unobservable inputs (including the Valuation Designee's assumptions in

instrument GAAP requires valuation techniques to maximize the use of relevant capital transactions. Each investor's interest in the net assets of the fund is represented by the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share is computed at the close of the value of the fund's net asset value (NAV) per share

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

![img-10.jpeg](img-10.jpeg)

![img-11.jpeg](img-11.jpeg)

![img-12.jpeg](img-12.jpeg)

37

T. ROWE PRICE U.S. HIGH YIELD FUND

by type of investment and may include market or investment specific considerations.

The following table provides the information in a financial condition. The noninvestment grade debt market may experience sudden
loss of interest and the value of a loan or investment by a certain exchange rate. The value of a loan or investment by a certain exchange rate may be
used to be used in the event of a certain exchange rate. The value of a loan or investment by a certain exchange rate may be
used to be used in the event of a certain exchange rate. The value of a loan or investment by a certain exchange rate may be
used to be used in the event of a certain exchange rate. The value of a loan or investment by a certain exchange rate may be
used to be used in the event of a certain exchange rate. The value of a loan or investment by a certain exchange rate may be
used to be used in the event

38

T. ROWE PRICE U.S. HIGH YIELD FUND

suffer an adverse change in financial condition that would result in the inability to meet the financial condition. The fund is a fund that is designed to provide a comprehensive financial condition for the fund's business. The fund is designed to provide a comprehensive financial condition for the fund's business. The fund is designed to provide a comprehensive financial condition for the fund's business.

39

T. ROWE PRICE U.S. HIGH YIELD FUND

at a future date(s) is at the borrower's discretion and considered uncertain, a loan is
Bank Loans. 19,490 4,357 23,317
and the amount of interest to be paid at the borrower's discretion. 114
of similar facilities. Certain bank loans may be revolvers which are a form of senior
funding. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114
of the borrower's discretion. 114

40

T. ROWE PRICE U.S. HIGH YIELD FUND

# **NOTE 5 - RELATED PARTY TRANSACTIONS**

The following table provides the information in a specific format:

# **NOTE 6 - RELATED PARTY TRANSACTIONS**

The following table provides the information in a specific format:

![img-13.jpeg](img-13.jpeg)

41

T. ROWE PRICE U.S. HIGH YIELD FUND

the repayment is taken into account) to exceed the lesser of: (1) the I Class Limit in

NOTE 4 FEDERAL INCOME TAXES
The Investor Class and Advisor Class are each subject to a contractual expense
for the purpose of the investment and the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of the investment of

42

T. ROWE PRICE U.S. HIGH YIELD FUND

The fund may participate in securities purchase and sale transactions with other funds

RECORDS

A character from net investment income and realized gains for financial reporting purposes. Financial investment records are adjusted for permanent bookings, information and other financial instruments. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice. The information contained in this report is subject to change without notice.

NOTE

43

T. ROWE PRICE U.S. HIGH YIELD FUND

# INFORMATION ON PROXY VOTING POLICIES, PROCEDURES, AND

corporate website. To access it, please visit the following Web page:

The A.G. 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100

44

T. ROWE PRICE U.S. HIGH YIELD FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM**

shows above, and scroll down to the section near the bottom of the page that says administrator, the Adviser is responsible for overseeing the day-to-day operations of the industry. The following is a report for the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's performance and the results of the industry's

45

T. ROWE PRICE U.S. HIGH YIELD FUND

# **LIQUIDITY RISK MANAGEMENT PROGRAM (CONTINUED)**

Electromyography for the SEC's website (see text) in addition, means T. Rowe Price funds. The SEC will be treated as a key agent for the information contained in this Liquidity Program also included in the T. Rowe Price's management program. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity.

In the event that the SEC's website is not only included a number of elements that support the management and assessment of liquidity, the SEC will be treated as a key agent for the information contained in this Liquidity Program also included in the T. Rowe Price's management program. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity. The SEC's website is not only included a number of elements that support the management and assessment of liquidity.

**investment goals.**

Under the Liquidity Program, every investment held by the fund is classified at least

![img-0.jpeg](img-0.jpeg)

46

Item 1. (b) Notice pursuant to Rule 30e-3.

Not applicable.

Item 2. Code of Ethics.

A code of ethics, as defined in Item 2 of Form N-CSR, applicable to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions is filed as an exhibit to the registrant's annual Form N-CSR. No substantial amendments were approved or waivers were granted to this code of ethics during the registrant's most recent year. The registrant's annual Form N-CSR is submitted for review and that the current market conditions without

Item 3. Audit Committee of the Principal Accountant Fees and Services that can help you achieve them.

Disclosure is required by the Localized Rule as a meeting held on July 25, 2022, the Board was

presented with an annual assessment prepared by the LRC, on behalf of the Adviser,

Principal Accountant Fees and Services.

Whether you want to put away more money for retirement, for a credit, education, or

disclosure, please contact the Localized Accountant for your request. The Localized Accountant for your request is not required to provide a copy of the document.

Item 4. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

(a) Not applicable. The complete schedule of investments is included in Item 1 of this Form N-CSR.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There has been no change to the procedures by which shareholders may recommend nominees to the registrant's board of directors.

T. Rowe Price Investment Services, Inc. | 100 East Pratt Street | Baltimore, MD 21202-1009

# **Item 11. Controls and Procedures.**

(a) The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-CSR was recorded, processed, summarized, and reported timely.

(b) The registrant's principal executive officer and principal financial officer are aware of no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

**Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable. For example, for an open-end form, the extent to which the registrant is not completely

for an open-end form, the extent to which the registrant is not completely

**Item 13. Exhibits.**

(a) The registrant's role of which presumes the registrant's business, or its parent, is not completely
(b) Small Business Plans covering both normal and reasonably foreseeable stressors and obligations of the registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.

(3) Written solicitation to repurchase securities issued by closed-end companies: not applicable.

(b) A certification by the registrant's principal executive officer and principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940, is attached.

# SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

T. Rowe Price High Yield Fund, Inc.

By ________________________
Cash and cash equivalents, as well as available borrowing arrangements.
T. Rowe Price
Mỹ, T. David Oestreicher
Principal Executive Officer
Gifts and transfers to a
related expenses
child (UGMA/UTMAs)
Date ________________________
Active Partnerships
for online investing
powered by experts
Trust
Transfer on Death

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the securities of the firm of the firm.

By ________________________
/s/ David Oestreicher
David Oestreicher
Principal Executive Officer

Date January 19, 2023

By ________________________
/s/ Alan S. Dupski
Alan S. Dupski
Principal Financial Officer

Date January 19, 2023

*Call 1-800-225-5132 to request a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.*

All mutual funds are subject to market risk, including possible loss of principal. Investing internationally involves special risks including economic and political uncertainty and currency fluctuation.

$^{1}$ The T. Rowe Price $^{®}$ ActivePlus Portfolios is a discretionary investment management program provided by

T. Rowe Price Advisory Services, Inc., a registered investment adviser under the Investment Advisers Act of 1940. Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC. T. Rowe Price Advisory Services, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies.

$^{2}$ Brokerage services are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon Company, member NYSE/FINRA/SIPC.

202301 2568593  
F1106-051 1/23

## Ex-99.Cert

**Item 13. (a)(2)** 

**<u>CERTIFICATIONS</u>**

I, David Oestreicher, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price U.S. High
Yield Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: January 19, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |

---

------

**<u>CERTIFICATIONS</u>**

I, Alan S. Dupski, certify that:

1. I have reviewed this report on Form N-CSR of T. Rowe Price U.S. High
Yield Fund;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state
a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: January 19, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---

## Exhibit 99.906

**Item 13. (b)** 

**CERTIFICATION UNDER SECTION 906 OF SARBANES-OXLEY ACT OF 2002** 

Name of Issuer: T. Rowe Price U.S. High Yield Fund

In connection with the Report on Form N-CSR for the above named Issuer, the undersigned hereby certifies, to the best of his knowledge, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition
and results of operations of the Issuer.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: January 19, 2023 | /s/ David Oestreicher |
|  | David Oestreicher |
|  | Principal Executive Officer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date: January 19, 2023 | /s/ Alan S. Dupski |
|  | Alan S. Dupski |
|  | Principal Financial Officer |

---