TMNLT. Rowe Price Long Municipal Income ETF
Seeks high current income exempt from federal income taxes.
By T. Rowe Price · Launched 2025
Annual Cost
0.26%
#1,247 of 6,040 · low cost
Fund Size
$22M
#4,493 of 6,040 · small
Return (1Y)
N/A
Track Record
10 months
#4,898 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,003+0.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 26.0% of funddiversified
NEW YORK MUNI-AA-1
4.7%
HENRICO CO ECO AUTH
3.3%
HARRIS CNTY TX TOLL REV FIRST LIEN SER A
3.3%
UNIV OF NC CHAPEL-A
2.7%
NY TRANSITIONAL FIN-B
2.3%
CHESAPEAKE BAY VA BRDG & TNL1ST TR AGM
2.2%
MD ST ECON PRPLE LINE LT RAIL SR BP3 AMT
2.0%
DALLAS FORT WORTH-A-2 AMT
1.9%
NY TRANSPRTN DEV CORP AMT
1.9%
DENVER CITY & CNTY CO ARPT REV SER A AMT
1.8%
Asset allocation
Bonds
99.9%
Cash
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-4.4%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Bond profile
Duration
4.7 years
Avg maturity
9.8 years
Credit ratings
AAA
10.8%
AA
30.8%
A
16.2%
BBB
24.9%
BB
3.7%
B
0.7%
Below B
0.3%
Other
12.5%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks high current income exempt from federal income taxes.
- Strategy
- Invests primarily in municipal securities whose income is exempt from federal income taxes, focusing on general obligation and revenue bonds. Targets at least 80% of net assets in these securities to provide high current income, with a weighted average maturity exceeding ten years.
- Inception date
- November 19, 2025
- Fund family
- T. Rowe Price
Similar funds
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Data updated on 2026-09-18