T. Rowe Price High Income Municipal ETF
$47.65+0.21 (+0.45%)
- 0.32%
- $31M
- 0M sh
- $47.22
- low $47.07high $51.74
The ETF.net THYM Grade
B
Score 67 out of 100
- 6 of 19
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A89 out of 100Rank 2 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 12 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 7 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 16 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 9 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F15 out of 100Rank 19 of 19
Our read on THYM
BThe credit-risk end of T. Rowe Price's muni lineup: an active ETF chasing federally tax-exempt income in longer-term, low- to upper-medium quality bonds, terrain its muni desk has worked since 1985.
The fund seeks a high level of income exempt from federal income taxes.
Why people hold it
- Active by design: T. Rowe's municipal team picks longer-term, lower-rated bonds one credit at a time, rather than tracking an index.troweprice.com
- The stated job is a high level of income exempt from federal income tax, with distributions declared monthly.
- Fee is 0.32%, close to what the typical muni ETF charges, for a strategy that leans on analysts instead of an index.troweprice.com
- It slots in as the credit sleeve of T. Rowe's muni ETF shelf, which already spans short, intermediate and long investment-grade maturities.investors.troweprice.com
Worth knowing
- Index heavyweights are far cheaper: VTEB runs 0.03% and MUB 0.05%. Here the fee buys credit research, not broad market exposure.
- Low- to upper-medium quality munis bring real default and liquidity risk, and longer maturities swing more when rates move.troweprice.com
- A November 2025 launch, small and thinly traded so far, which can mean wider bid-ask spreads than the long-established index munis.
THYM Holdings
- Bonds
- 261
- 16%
- Illinois St Fin Auth Revenue Ilsgen 11/37 Adjustable Var
THYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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THYM$9,793
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | THYM |
|---|---|
| Year to date | −2.1% |
| 1 month | −2.4% |
| 3 months | −5.9% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | THYM |
|---|---|---|
| 2026 YTD | −2.1% | |
| 2025 | +0.3% |
THYM in the news
THYM Dividends
- $0.18 per share
- Monthly
Distribution data unavailable.
Distribution history
THYM Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
THYM Cost
0.32%
THYM0.32%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
1 of the 19 High-Yield Municipal Bonds funds charge less.
Other funds in High-Yield Municipal Bonds
- BSHYDVanEck Short High Yield Muni ETFExpense ratio 0.32%1 year return +0.4%
- BHIMUBlackrock ETF Trust II - Ishares High Yield Muni Active ETFExpense ratio 0.40%1 year return −1.8%
- BFTMHFranklin Municipal High Yield ETFExpense ratio 0.35%1 year return —
- BFMHIFirst Trust Municipal High Income ETFExpense ratio 0.49%1 year return −2.3%
- BNHYMNuveen High Yield Municipal IncomeExpense ratio 0.35%1 year return −2.8%