T. Rowe Price Group has taken two of its high yield bond funds off the shelf, effective yesterday, including the Investor Class shares (PRHYX) and the Advisor Class shares (PAHIX) of the High Yield Fund and the separate Institutional High Yield Fund (TRHYX).
According to the firm, the funds were closed to protect the interests of existing investors. However, they will continue to accept additional investments from existing shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs.
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