T. Rowe Price High Income Municipal ETF (THYM)

The T. Rowe Price High Income Municipal ETF (THYM) is an actively managed fixed income exchange-traded fund from T. Rowe Price that invests primarily in municipal bonds whose interest is generally exempt from regular federal income tax.

To pursue higher income, the fund can invest substantially in lower-rated and unrated municipal securities, alongside investment-grade bonds. These may include revenue bonds tied to hospitals, senior living facilities, project finance, transportation and other specialized issuers. T. Rowe Price's municipal credit research team evaluates the creditworthiness of individual issuers.

Its objective is to provide a high level of income exempt from federal income tax, accepting greater credit risk than a high-quality municipal fund.