T. Rowe Price announced the introduction of its fourth actively managed fixed income exchange-traded fund (ETF), T. Rowe Price U.S. High Yield ETF (Ticker: THYF), which is available to the public beginning on NYSE Arca, Inc. U.S. High Yield ETF is managed by the same investment team and uses the same process as the mutual fund T. Rowe Price U.S. High Yield Fund (TUHYX). The strategy is designed to provide a concentrated, yet balanced, portfolio primarily focused on U.S. high yield bonds, in which the fund invests in below investment-grade corporate bonds. Seeks to provide total return and, secondarily, current income.

By investing primarily in U.S. dollar-denominated high yield corporate bonds and other fixed and floating rate corporate securities, it seeks to generate a total return in excess of that generated by its benchmark. Managed by Kevin Loome, CFA, who has 29 years of investment industry experience, 16 of which are at T. Rowe Price. Net expense ratio is 0.56%.