T. Rowe Price U.S. High Yield ETF Price & Performance (THYF)

The New America High Income Fund, Inc. announced its reorganization into the T. Rowe Price High Yield Fund is set to finalize on March 31, 2025. Shareholders will transition to Investor Class shares of the T. Rowe Price Fund, pending standard closing conditions. This marks a significant development for the fund's investors.1

T. Rowe Price reported a 9.8% revenue increase for 2024, reaching $7.1 billion, with adjusted earnings-per-share up to $9.33. Despite headwinds from low-cost ETFs and client outflows, the firm’s assets under management grew 19.2% year-over-year, showcasing its ability to adapt and thrive in a competitive market.2

U.S. stock markets ended last week with gains, as the S&P 500 climbed 2.13% and the Dow Jones rose 1.65%. Despite these increases, major indices faced steep weekly declines, highlighting ongoing market volatility. Analysts suggest geopolitical and economic uncertainties continue to weigh heavily on investor sentiment.3