T. Rowe Price High Income Municipal ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Feb 28, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About THYM
Thefund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities whoseincome is exempt from federal income taxes. Any derivatives that provide exposure to the investment focus suggested by the fund’sname, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted(as applicable) toward compliance with the fund’s 80% investment policy. Thefund generally seeks higher-yielding municipal securities, including those that are rated below investment grade (BB and lower,or an equivalent rating) by a credit rating agency or, if unrated, deemed by the adviser to be below investment-grade. Such holdingsare commonly referred to as “junk bonds.” Thefund focuses its investments on securities that produce income that is exempt from regular federal income taxes. However, a significantportion of the fund’s income could be derived from securities subject to the alternative minimum tax. The fund invests invarious tax-exempt municipal securities, such as general obligation bonds and revenue bonds (including private activity bonds).The fund may also invest in the securities of issuers whose revenues are generated from similar types of projects or operate insimilar business sectors with special risks, including healthcare, transportation, utilities, or private activity bonds. The fundmay have significant exposure to specific states when the adviser’s analysis identifies favorable market developments ortrends, attractive relative values, or compelling fundamentals relating to a certain state that the adviser believes are underappreciatedby the market. These factors will inform overall allocation decisions for the fund and seek to enhance the fund’s risk-returnprofile. T. RowePrice’s active investment management approach emphasizes the value of in-depth fundamental credit research, diversification,and risk management practices. By using fundamental research, T. Rowe Price seeks to select investments for the fund’sportfolio based on its outlook for the different sectors of the tax-free municipal market (for example, T. Rowe Price mayemphasize revenue bonds instead of state and local general obligation debt) and specific issuers or securities. The goal of thisapproach is to seek higher yields while taking a risk-conscious approach. Risk management practices include managing the fund’sduration (which is a measurement of the price sensitivity of a bond or bond fund to changes in interest rates), while also focusingon striking a balance between (i) investing more heavily in certain sectors or issuers and (ii) diversifying the fund’sinvestments across the broader municipal market.
THYM News
- No recent news found for THYM.
Data for THYM is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.