T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price U.S. High Yield ETF

T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price U.S. High Yield ETF is an exchange traded fund launched and managed by T. Rowe Price Associates, Inc. The fund is co-managed by T.Rowe Price Investment Management, Inc. The fund invests in fixed income markets of the United States. It invests in high yield corporate bonds that are rated below than Baa3 by Moody’s, BBB- by S&P Global Ratings or Fitch Ratings, Inc. The fund seeks to invest in securities with varying maturities. The fund invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to benchmark the performance of its portfolio against the ICE BofA US High Yield Constrained Index and the Bloomberg U.S. Aggregate Bond Index. T. Rowe Price Exchange-Traded Funds, Inc. - T. Rowe Price U.S. High Yield ETF was formed on October 25, 2022 and is domiciled in the United States.