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T. Rowe Price Short Municipal Income ETF
TMNS performance and flow charts
Performance
Flows
Historic performance and flows
Data as of October 15, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -0.14% | -1.05% | +0.40% | |||
| Flows | -$1M | +$1M | +$1M | - | - | - |
Characteristics
This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
| Management strategy | Active |
| Strategy | Long Only |
| Provider | T. Rowe Price |
| N° of holdings | 208 |
| Dividend policy | Distributing |
| Inception date | November 19, 2025 |
| ESG | No |
More data and info about TMNS on Trackinsight
Exposure
Data as of August 31, 2026Diversification
Total weight of top 15 holdings out of 208
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.73% | |||
Max drawdown | -2.76% | |||
Max drawdown duration | 51d | N/A | N/A | N/A |
Time to recover | N/A | N/A | N/A | N/A |
What type of ETF is TMNS?
TMNS is a Active ETF that provides exposure to Fixed Income assets. It is managed by T. Rowe Price.
What does TMNS invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of TMNS?
The total expense ratio (TER) of TMNS is 0.18%, representing the annual fee charged by the fund manager.
When was TMNS launched?
TMNS was launched on November 19, 2025, marking its entry into the ETF market.
Who is the issuer of TMNS?
TMNS is issued by T. Rowe Price.
What is the AUM of TMNS?
As of October 15, 2026, TMNS manages $22.08 M, reflecting the total assets held in the fund.
How has TMNS performed recently?
As of October 15, 2026, TMNS delivered a return of -0.14% over the past month (1M performance), -1.05% over the past three months (3M), and 0.4% year-to-date (YTD).
What are the recent fund flows for TMNS?
As of October 15, 2026, TMNS has seen net flows of -$1M in the past month (1M flow) and +$1M year-to-date (YTD).
How many holdings are in TMNS
As of August 31, 2026, TMNS holds 208 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is TMNS?
As of August 31, 2026, TMNS holds 208 securities, with 25.29% of its assets concentrated in its top 15 holdings.
What are the top holdings of TMNS?
As of August 31, 2026, TMNS holds a portfolio of 208 underlyings, with its largest positions including US23503CFK80, US735240L842 and New York Housing Finance Agency, FRN 1may2049, USD. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does TMNS invest in?
As of August 31, 2026, TMNS has its largest geographic exposures in USA.
What sectors or themes does TMNS focus on?
As of August 31, 2026, TMNS is primarily exposed to Municipal.
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