TMNLvsMINOETF Comparison
VS
T. Rowe Price Long Municipal Income ETF (TMNL) and PIMCO Municipal Income Opportunities Active ETF (MINO) belong to the same industry segment: Municipal Bonds. TMNL's top 1 sector exposures are Municipal. In contrast, MINO's top sector exposures are Municipal and Sovereign. TMNL is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.49% for MINO. TMNL is up 1.26% year-to-date (YTD) with +$1M in YTD flows. MINO performs worse with -0.54% YTD performance, and +$310M in YTD flows. Run a side-by-side ETF comparison of TMNL and MINO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TMNL vs MINO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMNL MINO | -0.11%-1.15% | -0.95%-2.26% | +1.26%-0.54% | n/a+3.83% | n/a+12.14% | n/an/a |
| Flows | TMNL MINO | -+$30M | -+$109M | +$1M+$310M | -+$435M | -+$689M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMNL MINO | +2.77%+3.03% | n/a+2.60% | n/a+3.83% | n/an/a |
| Max drawdown | TMNL MINO | -1.97%-3.08% | n/a-3.08% | n/a-5.25% | n/an/a |
| Max drawdown duration | TMNL MINO | 56d58d | n/a58d | n/a274d | n/an/a |
Trading data
TMNL | MINO | |
Last sale 9/2/2026 at 1:30 PM | $48.96 | $44.15 |
| Previous close 09/01/2026 | $48.95 | $44.23 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
TMNL | MINO | |
|---|---|---|
| Last price | $48.96 | $44.15 |
| 1D performance | +0.00% | -0.18% |
| AuM | $22.13 M | $755.68 M |
| E/R | 0.26% | 0.49% |
Characteristics
TMNL | MINO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | PIMCO |
| Benchmark | - | - |
| N° of holdings | 52 | 121 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | September 8, 2021 |
| ESG | No | No |
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Exposure
Countries
TMNL
USA
49.92%
Other
50.08%
MINO
USA
51.38%
Other
48.62%
Sectors
TMNL
Municipal
49.92%
Other
50.08%
MINO
Municipal
45.23%
Other
54.77%
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Diversification
TMNL
Total weight of top 15 holdings out of 15
34.52%
MINO
Total weight of top 15 holdings out of 15
18.83%
Top 15 holdings
Data as of July 31, 2026
TMNL
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
4.70%
US42605KAB26
3.36%
US41423PDY07
3.07%
US914713W996
2.68%
New York Transitional Finance Authority, 5% 1may2051, USD (2026)
2.29%
Chesapeake Bay Bridge And Tunnel District, 5% 1jul2041, USD (2016)
2.25%
Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B)
2.03%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
1.88%
US249182LT15
1.84%
Salt Lake City Airport, 5.25% 1jul2053, USD (2023A)
1.82%
US574218T373
1.80%
North Carolina Turnpike Authority, 4% 1jan2039, USD
1.78%
New York Mortgage Agency, 3.4% 1oct2030, USD
1.75%
Virginia Small Business Financing Authority, 5% 31dec2056, USD (2017)
1.65%
US57419TTP65
1.60%
MINO
USA, Notes 3.375% 29feb2028, USD (AY-2028)
2.23%
US20775DTS17
1.86%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.79%
Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)
1.46%
New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)
1.39%
US60412AM678
1.17%
USA, Notes 4.625% 30apr2031, USD (K-2031)
1.07%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.07%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.02%
US882118AS16
1.00%
Cuyahoga, 5% 1dec2051, USD (2026)
0.96%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
0.96%
US5755793L99
0.96%
US590545J420
0.96%
US87638QSL40
0.93%
Frequently asked questions about TMNL and MINO
How have the TMNL and MINO ETFs performed in 2026?
As of August 31, 2026, TMNL is up 1.26% year-to-date (YTD), while MINO has lost -0.54%. That puts TMNL better performer ahead so far this year.
Which ETF is attracting more investor money: TMNL or MINO?
Year-to-date, the TMNL ETF saw +$1M in flows, compared to +$310M for MINO.
Which ETF is bigger: TMNL or MINO?
As of August 31, 2026, TMNL holds $22.13 M in assets under management (AUM), while MINO manages $755.68 M.
What sectors do the TMNL and MINO ETFs invest in?
TMNL leans toward sectors like Municipal. Meanwhile, MINO focuses on Municipal.
What are the top holdings of the TMNL ETF and MINO ETF?
TMNL top holdings include New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026), US42605KAB26 and US41423PDY07. MINO holds in its top three: USA, Notes 3.375% 29feb2028, USD (AY-2028), US20775DTS17 and USA, Notes 3.5% 28feb2031, USD (V-2031).
Which ETF is more diversified: TMNL or MINO?
TMNL holds 113 securities with 34.52% of its assets in the top 15. MINO has 276 securities and a top 15 weight of 18.83%.
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