Shareholder Report
|
12 Months Ended |
|
May 31, 2026
USD ($)
Holding
|
|---|
| Shareholder Report [Line Items] |
|
| Document Type |
N-CSR
|
| Amendment Flag |
false
|
| Registrant Name |
T. ROWE PRICE HIGH YIELD FUND, INC.
|
| Entity Central Index Key |
0000754915
|
| Entity Investment Company Type |
N-1A
|
| Document Period End Date |
May 31, 2026
|
| Shareholder Report Annual or Semi-Annual |
Annual Shareholder Report
|
| C000183992 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
U.S. High Yield Fund
|
| Class Name |
Investor Class
|
| Trading Symbol |
TUHYX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about U.S. High Yield Fund (the "fund") for the period of June 1, 2025 to May 31, 2026.
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Table Summary
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
U.S. High Yield Fund - Investor Class |
$78 |
0.75% | |
| Expenses Paid, Amount |
$ 78
|
| Expense Ratio, Percent |
0.75%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?The high yield market posted solid gains in the year ended May 31, 2026, despite significant volatility and inflationary pressure due to the Trump administration’s trade policies, the war in Iran, and artificial intelligence-related disruption fears. The resilient labor market, healthy corporate earnings, and strong equity returns bolstered the asset class’s performance. Returns were largely income driven; however, modest spread compression and pull to par as the Federal Reserve cut interest rates were marginally supportive. Compared with the style-specific ICE BofA US High Yield Constrained Index, the fund’s strongest relative results were in the basic industry, capital goods, and transportation segments. By credit quality, our selection in the BB rating tier was the top contributor to relative performance. Overall, credit selection and, to a lesser extent, industry allocations added value. Relative to the style-specific benchmark, the fund’s weakest results were in the retail, automotive, and services segments. Credit selection in the CCC rating tier detracted. The fund seeks total return and, secondarily, current income by investing primarily in U.S. below investment-grade corporate debt securities with a concentrated and flexible approach. We expected more income-driven returns given tight spread levels. As such, we endeavored to position the portfolio with a current yield advantage versus the index in an effort to outperform while maintaining a relatively neutral risk stance. Tight spread levels did not justify excessive risk-taking, in our view. We have a bias toward B rated credits, which better supports our ability to maintain a yield advantage versus the benchmark.
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |
Table Summary
|
Investor Class |
Regulatory Benchmark |
Strategy Benchmark |
5/19/17 |
10,000 |
10,000 |
10,000 |
5/31/17 |
10,036 |
10,032 |
10,044 |
8/31/17 |
10,198 |
10,156 |
10,168 |
11/30/17 |
10,334 |
10,100 |
10,272 |
2/28/18 |
10,374 |
9,935 |
10,271 |
5/31/18 |
10,268 |
9,995 |
10,274 |
8/31/18 |
10,498 |
10,049 |
10,500 |
11/30/18 |
10,290 |
9,965 |
10,294 |
2/28/19 |
10,641 |
10,250 |
10,708 |
5/31/19 |
10,772 |
10,635 |
10,825 |
8/31/19 |
11,151 |
11,071 |
11,191 |
11/30/19 |
11,348 |
11,040 |
11,283 |
2/29/20 |
11,412 |
11,447 |
11,341 |
5/31/20 |
11,141 |
11,636 |
10,858 |
8/31/20 |
11,833 |
11,788 |
11,596 |
11/30/20 |
12,224 |
11,844 |
11,990 |
2/28/21 |
12,485 |
11,605 |
12,308 |
5/31/21 |
12,694 |
11,589 |
12,501 |
8/31/21 |
12,889 |
11,778 |
12,786 |
11/30/21 |
12,754 |
11,708 |
12,634 |
2/28/22 |
12,530 |
11,299 |
12,407 |
5/31/22 |
11,695 |
10,636 |
11,875 |
8/31/22 |
11,298 |
10,422 |
11,452 |
11/30/22 |
11,163 |
10,204 |
11,515 |
2/28/23 |
11,526 |
10,200 |
11,723 |
5/31/23 |
11,565 |
10,408 |
11,855 |
8/31/23 |
12,151 |
10,298 |
12,257 |
11/30/23 |
12,209 |
10,325 |
12,507 |
2/29/24 |
12,757 |
10,540 |
13,010 |
5/31/24 |
12,988 |
10,544 |
13,181 |
8/31/24 |
13,404 |
11,049 |
13,785 |
11/30/24 |
13,694 |
11,035 |
14,093 |
2/28/25 |
13,944 |
11,152 |
14,319 |
5/31/25 |
13,996 |
11,120 |
14,404 |
8/31/25 |
14,457 |
11,395 |
14,909 |
11/30/25 |
14,658 |
11,664 |
15,127 |
2/28/26 |
14,870 |
11,850 |
15,324 |
5/31/26 |
15,048 |
11,690 |
15,476 |
|
| Average Annual Return [Table Text Block] |
Table Summary
|
1 Year |
5 Years |
Since Inception 5/19/17 |
U.S. High Yield Fund (Investor Class) |
7.52% |
3.46% |
4.63% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.13 |
0.17 |
1.74 |
ICE BofA US High Yield Constrained Index (Strategy Benchmark) |
7.44 |
4.36 |
4.95 | |
| Performance Inception Date |
May 19, 2017
|
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 485,371,000
|
| Holdings Count | Holding |
111
|
| Advisory Fees Paid, Amount |
$ 2,508,000
|
| InvestmentCompanyPortfolioTurnover |
86.60%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$485,371
- Number of Portfolio Holdings111
|
| Holdings [Text Block] |
Table Summary
Corporate Bonds |
92.1% |
Bank Loans |
6.1 |
Securities Lending Collateral |
2.4 |
Short-Term and Other |
-0.6 | |
| Largest Holdings [Text Block] |
Table Summary
First Quantum Minerals |
2.0% |
CCO Holdings |
1.9 |
South Bow Canadian Infrastructure Holdings |
1.9 |
VICI Properties |
1.9 |
PBF Holding |
1.8 |
HLF Financing |
1.7 |
Level 3 Financing |
1.6 |
Brookfield Property REIT |
1.6 |
Latam Airlines Group |
1.5 |
Victra Holdings |
1.5 | |
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|
| C000183993 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
U.S. High Yield Fund
|
| Class Name |
Advisor Class
|
| Trading Symbol |
TUHAX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about U.S. High Yield Fund (the "fund") for the period of June 1, 2025 to May 31, 2026.
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Table Summary
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
U.S. High Yield Fund - Advisor Class |
$93 |
0.90% | |
| Expenses Paid, Amount |
$ 93
|
| Expense Ratio, Percent |
0.90%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?The high yield market posted solid gains in the year ended May 31, 2026, despite significant volatility and inflationary pressure due to the Trump administration’s trade policies, the war in Iran, and artificial intelligence-related disruption fears. The resilient labor market, healthy corporate earnings, and strong equity returns bolstered the asset class’s performance. Returns were largely income driven; however, modest spread compression and pull to par as the Federal Reserve cut interest rates were marginally supportive. Compared with the style-specific ICE BofA US High Yield Constrained Index, the fund’s strongest relative results were in the basic industry, capital goods, and transportation segments. By credit quality, our selection in the BB rating tier was the top contributor to relative performance. Overall, credit selection and, to a lesser extent, industry allocations added value. Relative to the style-specific benchmark, the fund’s weakest results were in the retail, automotive, and services segments. Credit selection in the CCC rating tier detracted. The fund seeks total return and, secondarily, current income by investing primarily in U.S. below investment-grade corporate debt securities with a concentrated and flexible approach. We expected more income-driven returns given tight spread levels. As such, we endeavored to position the portfolio with a current yield advantage versus the index in an effort to outperform while maintaining a relatively neutral risk stance. Tight spread levels did not justify excessive risk-taking, in our view. We have a bias toward B rated credits, which better supports our ability to maintain a yield advantage versus the benchmark.
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |
Table Summary
|
Advisor Class |
Regulatory Benchmark |
Strategy Benchmark |
2016 |
10,000 |
10,000 |
10,000 |
2016 |
10,549 |
10,232 |
10,595 |
2016 |
10,715 |
9,908 |
10,654 |
2017 |
11,265 |
10,008 |
11,181 |
2017 |
11,473 |
10,158 |
11,384 |
2017 |
11,650 |
10,283 |
11,525 |
2017 |
11,803 |
10,227 |
11,643 |
2018 |
11,843 |
10,059 |
11,642 |
2018 |
11,718 |
10,120 |
11,645 |
2018 |
11,976 |
10,175 |
11,902 |
2018 |
11,734 |
10,089 |
11,668 |
2019 |
12,118 |
10,378 |
12,138 |
2019 |
12,275 |
10,768 |
12,270 |
2019 |
12,689 |
11,210 |
12,685 |
2019 |
12,909 |
11,178 |
12,789 |
2020 |
12,977 |
11,590 |
12,855 |
2020 |
12,664 |
11,781 |
12,307 |
2020 |
13,446 |
11,936 |
13,144 |
2020 |
13,885 |
11,992 |
13,590 |
2021 |
14,176 |
11,750 |
13,951 |
2021 |
14,409 |
11,734 |
14,169 |
2021 |
14,624 |
11,925 |
14,492 |
2021 |
14,465 |
11,854 |
14,321 |
2022 |
14,205 |
11,440 |
14,063 |
2022 |
13,238 |
10,769 |
13,460 |
2022 |
12,813 |
10,552 |
12,980 |
2022 |
12,640 |
10,332 |
13,052 |
2023 |
13,045 |
10,328 |
13,288 |
2023 |
13,084 |
10,538 |
13,437 |
2023 |
13,743 |
10,426 |
13,892 |
2023 |
13,803 |
10,454 |
14,177 |
2024 |
14,417 |
10,671 |
14,746 |
2024 |
14,673 |
10,676 |
14,940 |
2024 |
15,138 |
11,187 |
15,625 |
2024 |
15,460 |
11,173 |
15,974 |
2025 |
15,736 |
11,291 |
16,230 |
2025 |
15,788 |
11,258 |
16,326 |
2025 |
16,303 |
11,538 |
16,899 |
2025 |
16,524 |
11,809 |
17,146 |
2026 |
16,756 |
11,998 |
17,370 |
2026 |
16,950 |
11,836 |
17,541 |
|
| Average Annual Return [Table Text Block] |
Table Summary
|
1 Year |
5 Years |
10 Years |
U.S. High Yield Fund (Advisor Class) |
7.36% |
3.30% |
5.42% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.13 |
0.17 |
1.70 |
ICE BofA US High Yield Constrained Index (Strategy Benchmark) |
7.44 |
4.36 |
5.78 | |
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 485,371,000
|
| Holdings Count | Holding |
111
|
| Advisory Fees Paid, Amount |
$ 2,508,000
|
| InvestmentCompanyPortfolioTurnover |
86.60%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$485,371
- Number of Portfolio Holdings111
|
| Holdings [Text Block] |
Table Summary
Corporate Bonds |
92.1% |
Bank Loans |
6.1 |
Securities Lending Collateral |
2.4 |
Short-Term and Other |
-0.6 | |
| Largest Holdings [Text Block] |
Table Summary
First Quantum Minerals |
2.0% |
CCO Holdings |
1.9 |
South Bow Canadian Infrastructure Holdings |
1.9 |
VICI Properties |
1.9 |
PBF Holding |
1.8 |
HLF Financing |
1.7 |
Level 3 Financing |
1.6 |
Brookfield Property REIT |
1.6 |
Latam Airlines Group |
1.5 |
Victra Holdings |
1.5 | |
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|
| C000183994 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
U.S. High Yield Fund
|
| Class Name |
I Class
|
| Trading Symbol |
TUHIX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about U.S. High Yield Fund (the "fund") for the period of June 1, 2025 to May 31, 2026.
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Table Summary
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
U.S. High Yield Fund - I Class |
$63 |
0.61% | |
| Expenses Paid, Amount |
$ 63
|
| Expense Ratio, Percent |
0.61%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?The high yield market posted solid gains in the year ended May 31, 2026, despite significant volatility and inflationary pressure due to the Trump administration’s trade policies, the war in Iran, and artificial intelligence-related disruption fears. The resilient labor market, healthy corporate earnings, and strong equity returns bolstered the asset class’s performance. Returns were largely income driven; however, modest spread compression and pull to par as the Federal Reserve cut interest rates were marginally supportive. Compared with the style-specific ICE BofA US High Yield Constrained Index, the fund’s strongest relative results were in the basic industry, capital goods, and transportation segments. By credit quality, our selection in the BB rating tier was the top contributor to relative performance. Overall, credit selection and, to a lesser extent, industry allocations added value. Relative to the style-specific benchmark, the fund’s weakest results were in the retail, automotive, and services segments. Credit selection in the CCC rating tier detracted. The fund seeks total return and, secondarily, current income by investing primarily in U.S. below investment-grade corporate debt securities with a concentrated and flexible approach. We expected more income-driven returns given tight spread levels. As such, we endeavored to position the portfolio with a current yield advantage versus the index in an effort to outperform while maintaining a relatively neutral risk stance. Tight spread levels did not justify excessive risk-taking, in our view. We have a bias toward B rated credits, which better supports our ability to maintain a yield advantage versus the benchmark.
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |
Table Summary
|
I Class |
Regulatory Benchmark |
Strategy Benchmark |
2016 |
500,000 |
500,000 |
500,000 |
2016 |
527,693 |
511,616 |
529,728 |
2016 |
536,401 |
495,403 |
532,711 |
2017 |
564,415 |
500,416 |
559,057 |
2017 |
575,278 |
507,893 |
569,215 |
2017 |
584,629 |
514,136 |
576,251 |
2017 |
592,787 |
511,326 |
582,133 |
2018 |
595,301 |
502,944 |
582,095 |
2018 |
589,384 |
505,990 |
582,267 |
2018 |
602,842 |
508,741 |
595,085 |
2018 |
591,025 |
504,464 |
583,394 |
2019 |
611,481 |
518,886 |
606,882 |
2019 |
619,234 |
538,376 |
613,504 |
2019 |
641,321 |
560,492 |
634,231 |
2019 |
652,223 |
558,902 |
639,462 |
2020 |
656,163 |
579,506 |
642,737 |
2020 |
641,374 |
589,067 |
615,360 |
2020 |
680,899 |
596,775 |
657,190 |
2020 |
703,728 |
599,611 |
679,500 |
2021 |
719,031 |
587,524 |
697,543 |
2021 |
731,402 |
586,682 |
708,465 |
2021 |
742,942 |
596,272 |
724,607 |
2021 |
734,620 |
592,695 |
716,037 |
2022 |
722,595 |
571,989 |
703,150 |
2022 |
674,395 |
538,444 |
673,011 |
2022 |
652,336 |
527,606 |
649,015 |
2022 |
644,679 |
516,596 |
652,591 |
2023 |
665,062 |
516,381 |
664,405 |
2023 |
668,328 |
526,907 |
671,873 |
2023 |
702,570 |
521,310 |
694,620 |
2023 |
705,248 |
522,690 |
708,832 |
2024 |
737,258 |
533,562 |
737,308 |
2024 |
751,811 |
533,786 |
747,012 |
2024 |
775,287 |
559,349 |
781,256 |
2024 |
792,365 |
558,625 |
798,695 |
2025 |
807,124 |
564,552 |
811,494 |
2025 |
810,334 |
562,924 |
816,304 |
2025 |
837,436 |
576,891 |
844,953 |
2025 |
849,379 |
590,474 |
857,320 |
2026 |
861,966 |
599,896 |
868,478 |
2026 |
872,543 |
591,821 |
877,069 |
|
| Average Annual Return [Table Text Block] |
Table Summary
|
1 Year |
5 Years |
10 Years |
U.S. High Yield Fund (I Class) |
7.68% |
3.59% |
5.73% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.13 |
0.17 |
1.70 |
ICE BofA US High Yield Constrained Index (Strategy Benchmark) |
7.44 |
4.36 |
5.78 | |
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 485,371,000
|
| Holdings Count | Holding |
111
|
| Advisory Fees Paid, Amount |
$ 2,508,000
|
| InvestmentCompanyPortfolioTurnover |
86.60%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$485,371
- Number of Portfolio Holdings111
|
| Holdings [Text Block] |
Table Summary
Corporate Bonds |
92.1% |
Bank Loans |
6.1 |
Securities Lending Collateral |
2.4 |
Short-Term and Other |
-0.6 | |
| Largest Holdings [Text Block] |
Table Summary
First Quantum Minerals |
2.0% |
CCO Holdings |
1.9 |
South Bow Canadian Infrastructure Holdings |
1.9 |
VICI Properties |
1.9 |
PBF Holding |
1.8 |
HLF Financing |
1.7 |
Level 3 Financing |
1.6 |
Brookfield Property REIT |
1.6 |
Latam Airlines Group |
1.5 |
Victra Holdings |
1.5 | |
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|