THYM Fees and Costs — T. Rowe Price High Income Municipal ETF
Data updated: 2026-07-28
The net expense ratio is 0.32%. There are no sales loads or redemption fees. Portfolio turnover was 90%.
THYM Fees and Expenses
Annual operating expenses and sales charges of THYM. Prospectus, as of April 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
THYM Costs Over Time
On $10,000 invested in THYM, assuming 5% a year before costs, total costs come to $203 over 5 years, cutting the return by 0.34% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.32%) | $34 | $106 | $184 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $34 | $111 | $203 |
| Value after costs | $10,466 | $11,465 | $12,560 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
THYM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $68.4M
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
THYM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $18.4M | 32.39% |
| BARCLAYS CAPITAL INC. | $7.4M | 12.99% |
| WELLS FARGO SECURITIES, LLC | $7.1M | 12.42% |
| TD Securities Ltd. | $6.1M | 10.76% |
| RBC Capital Markets, LLC | $5.8M | 10.20% |
| MORGAN STANLEY & CO. LLC | $3.6M | 6.34% |
| JEFFERIES LLC | $2.8M | 4.88% |
| BOFA SECURITIES, INC. | $2.1M | 3.76% |
| TRADEWEB EUROPE LIMITED | $2.0M | 3.44% |
| HERBERT J SIMS & CO. INC. | $1.6M | 2.82% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.