T. Rowe Price U.S. High Yield ETF
THYF
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1307 Point Street Baltimore MD United States of America 21231
- IPO Date
- Oct 26, 2022
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price U.S. High Yield ETF (THYF) is an actively managed exchange-traded fund that seeks total return and, secondarily, high current income through investments primarily in high yield corporate bonds rated below investment grade (Baa3 by Moody's or BBB- by S&P Global Ratings or Fitch Ratings), bank loans, preferred stocks, and other fixed income securities with varying maturities across industries, market capitalizations, and regions; the portfolio typically holds approximately 109 securities, including top holdings such as T. Rowe Price Reserve Investment Funds, Six Flags Entertainment Corp. 7.25%, VICI Properties LP 5.625%, Aretec Escrow Issuer 2 Inc. 10%, and EG Global Finance PLC 12%, with asset allocation comprising 75.88% U.S. bonds, 16.93% non-U.S. bonds, 88.14% corporate bonds, and 6.30% bank loans. Launched on October 25, 2022, and domiciled in the United States, THYF operates with a net expense ratio of 0.56%, total net assets of approximately $780.90 million, and daily pricing on NYSE Arca, targeting investors seeking exposure to the high yield bond market through active management by portfolio manager Kevin Loome and the T. Rowe Price fixed income team. The fund is available for sale in the United States and emphasizes diversification to mitigate issuer-specific risks while pursuing alpha generation across the high yield universe. In recent developments, T. Rowe Price, the fund's sponsor and a global investment management firm headquartered in Baltimore, Maryland, and founded in 1937, announced a strategic alliance with Goldman Sachs Asset Management in December 2025 to launch joint model portfolio offerings combining expertise in active management and outsourced chief investment officer services, with initial products rolling out and a fifth expected in the first half of 2026; additionally, the firm expanded its fixed income ETF lineup in November 2025 with the launch of the T. Rowe Price Multi-Sector Income ETF (TMSF) and three new municipal bond ETFs, alongside two active core equity ETFs (TACU and TACN) in December 2025, reflecting broader efforts to enhance active ETF offerings across asset classes.