T. Rowe Price High Income Municipal ETF
THYM
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Michael Kane
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Nov 20, 2025
- CIK
- 0001579881
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price High Income Municipal ETF (THYM) is an actively managed exchange-traded fund that seeks to provide a high level of federally tax-exempt income by investing primarily in longer-term, low- to upper-medium quality municipal bonds; it may also allocate to high-yield municipal securities and derivatives for income enhancement and risk management. The fund offers exposure to the municipal bond market segment, targeting investors seeking tax-advantaged fixed income with potential for higher yields through active management strategies. THYM trades on the NASDAQ exchange with a net expense ratio of 0.32%. Launched on November 20, 2025, as part of T. Rowe Price's expansion of its active fixed income ETF lineup to 28 offerings, THYM represents a strategic addition to the firm's municipal bond strategies alongside the Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), and Multi-Sector Income ETF (TMSF). The fund is managed by Jim Murphy, CFA, Head of the Municipal Bond team with 31 years of experience, and co-portfolio managers Colin Bando (14 years) and Michael Kane (16 years). This launch builds on T. Rowe Price's prior introduction of the Intermediate Municipal Income ETF (TAXE) in 2024, enhancing its suite of tax-free income solutions for retail and institutional investors. Headquartered in Baltimore, Maryland, THYM operates under T. Rowe Price Associates, Inc., a global asset manager founded in 1937 with approximately $1.79 trillion in assets under management as of late 2025; the ETF focuses on U.S. municipal issuers across diverse sectors such as general obligation bonds, revenue bonds, and project-specific financings. No subsidiaries or parent relationships apply directly to THYM, which remains part of T. Rowe Price Exchange-Traded Funds, Inc. Geographic operations center on U.S. domestic municipal markets.