TMNLT. Rowe Price Long Municipal Income ETF

Get incomeNewRanked #1,239 of 1,622 in this goal

Seeks high current income exempt from federal income taxes.

By T. Rowe Price · Launched 2025

Annual Cost

0.26%

#1,303 of 5,562 · low cost

Fund Size

$23M

#4,285 of 5,562 · small

Dividend YieldGoal

—

Track Record

7 months

#5,002 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,249+2.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 29.0% of fund✓ well diversified

NEW YORK MUNI-AA-1

5.0%

HENRICO CO ECO AUTH

3.5%

HARRIS CNTY TX TOLL REV FIRST LIEN SER A

3.4%

UNIV OF NC CHAPEL-A

2.9%

NY TRANSITIONAL FIN-B

2.4%

IN ST FIN DUKE ENERGY A5 DLY

2.3%

PA ST HGR EDU RV TJ UNIV PA SER D2 DAILY

2.3%

UNIV WI HOSPS & CLINIC SER B DLY

2.3%

PHIL PA CHILDRENS HOSP PRJ B-2 DLY

2.3%

OH HI ED CLEVND CLINIC B4 DLY

2.3%

Asset allocation

Bonds

99.5%

Cash

0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-2.9%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

9.9 years

Credit ratings

AAA

10.7%

32.9%

15.9%

BBB

24.7%

3.8%

0.8%

Below B

0.3%

Other

11.0%

Where to buy

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 exempt from federal income taxes, including general obligation and revenue bonds. The fund may invest up to 25% in below investment-grade securities. Focuses on securities with favorable market developments or trends, and typically maintains a weighted average effective maturity exceeding ten years. Investment decisions reflect the adviser’s outlook for interest rates and the economy, as well as the credit quality of various securities.
Inception date: November 19, 2025
Fund family: T. Rowe Price