TMSFvsPSDMETF Comparison
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T. Rowe Price Multi-Sector Income ETF (TMSF) and PGIM Short Duration Multi-Sector Bond ETF (PSDM) belong to the same industry segment: Intl Aggregate Bonds. Both ETFs have the same top 3 sector exposures: Sovereign, Finance and Industrials. TMSF is less expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.41% for PSDM. TMSF is up 2.79% year-to-date (YTD) with +$33M in YTD flows. PSDM performs worse with 1.45% YTD performance, and +$79M in YTD flows. Run a side-by-side ETF comparison of TMSF and PSDM 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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TMSF vs PSDM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMSF PSDM | +0.64%+0.31% | +0.65%+0.47% | +2.79%+1.45% | n/a+3.21% | n/a+17.40% | n/an/a |
| Flows | TMSF PSDM | -+$11M | +$30M+$39M | +$33M+$79M | -+$145M | -+$206M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMSF PSDM | +1.95%+1.54% | n/a+1.40% | n/a+1.64% | n/an/a |
| Max drawdown | TMSF PSDM | -0.60%-0.43% | n/a-1.11% | n/a-1.11% | n/an/a |
| Max drawdown duration | TMSF PSDM | 29d28d | n/a46d | n/a46d | n/an/a |
Trading data
TMSF | PSDM | |
Last sale 9/2/2026 at 1:30 PM | $49.91 | $50.64 |
| Previous close 09/01/2026 | $49.88 | $50.66 |
| 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
TMSF | PSDM | |
|---|---|---|
| Last price | $49.91 | $50.64 |
| 1D performance | +0.07% | -0.04% |
| AuM | $58.63 M | $229.28 M |
| E/R | 0.37% | 0.41% |
Characteristics
TMSF | PSDM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | PGIM |
| Benchmark | - | - |
| N° of holdings | 223 | 1240 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | July 19, 2023 |
| ESG | No | No |
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Exposure
Countries
TMSF
USA
57.54%
Other
42.46%
PSDM
USA
62.43%
Other
37.57%
Sectors
TMSF
Sovereign
21.68%
Finance
16.5%
Other
61.81%
PSDM
Sovereign
42.95%
Finance
8.85%
Other
48.2%
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Diversification
TMSF
Total weight of top 15 holdings out of 15
21.01%
PSDM
Total weight of top 15 holdings out of 15
42.94%
Top 15 holdings
Data as of July 31, 2026
TMSF
USA, Notes 4% 31may2028, USD (BC-2028)
5.14%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
4.14%
US87283Q8832
2.11%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
1.47%
Mexico, Bonos 8.5% 28feb2030, MXN
1.34%
Colombia, 5.375% 21jan2029, USD
1.03%
USA, Bonds 5% 15may2046, USD
0.72%
Brazil, 6.625% 15mar2035, USD
0.71%
USA, Bonds 5% 15may2056, USD
0.68%
Ecuador, 8.75% 29jan2034, USD
0.68%
Paraguay, 2.739% 29jan2033, USD
0.64%
Carvana, 14% 1jun2031, USD
0.63%
Afreximbank, 6.25% 23jan2032, USD
0.62%
JP Morgan, 0.5% 15jun2027, USD (A, Conv.)
0.56%
Civitas Resources, 9.625% 15jun2033, USD
0.54%
PSDM
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
7.16%
USA, Notes 3.375% 31dec2027, USD (BM-2027)
4.96%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
3.98%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
3.71%
USA, Notes 4.125% 28feb2027, USD (AY-2027)
3.67%
USA, Notes 3.125% 31aug2027, USD (AC-2027)
3.16%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
3.05%
USA, Notes 3.5% 30sep2027, USD (BH-2027)
2.45%
USA, Notes 4% 31may2028, USD (BC-2028)
2.45%
USA, Notes 2.375% 31mar2029, USD (J-2029)
1.90%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
1.87%
USA, Notes 0.5% 30apr2027, USD (K-2027)
1.40%
US01F0526982
1.34%
XS3430824105
1.05%
US3142J6C840
0.79%
Frequently asked questions about TMSF and PSDM
How have the TMSF and PSDM ETFs performed in 2026?
As of August 31, 2026, TMSF is up 2.79% year-to-date (YTD), while PSDM has returned 1.45%. That puts TMSF better performer ahead so far this year.
Which ETF is attracting more investor money: TMSF or PSDM?
Year-to-date, the TMSF ETF saw +$33M in flows, compared to +$79M for PSDM.
Which ETF is bigger: TMSF or PSDM?
As of August 31, 2026, TMSF holds $58.63 M in assets under management (AUM), while PSDM manages $229.28 M.
What sectors do the TMSF and PSDM ETFs invest in?
TMSF leans toward sectors like Sovereign and Finance. Meanwhile, PSDM focuses on Sovereign and Finance.
What are the top holdings of the TMSF ETF and PSDM ETF?
TMSF top holdings include USA, Notes 4% 31may2028, USD (BC-2028), USA, TIPS 1.875% 15jan2036, USD (A-2036) and US87283Q8832. PSDM holds in its top three: USA, Notes 3.875% 31mar2028, USD (AZ-2028), USA, Notes 3.375% 31dec2027, USD (BM-2027) and USA, Notes 3.625% 31aug2027, USD (BG-2027).
Which ETF is more diversified: TMSF or PSDM?
TMSF holds 286 securities with 21.01% of its assets in the top 15. PSDM has 1698 securities and a top 15 weight of 42.94%.
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