TMNST. Rowe Price Short Municipal Income ETF

Get incomeNewRanked #1,189 of 1,622 in this goal

Seeks high current income exempt from federal income taxes.

By T. Rowe Price · Launched 2025

Annual Cost

0.18%

#884 of 5,562 · low cost

Fund Size

$21M

#4,323 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

$10,179+1.8%

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 = 25.6% of fund✓ well diversified

UTAH ST

4.6%

HENNEPIN CO-A

3.2%

UNIV OF NC CHAPEL-A

2.3%

SC ST JOBS EDA HSP REV PRISMA HLTH B DLY

2.2%

MO HHE ST LOUIS UNIV B2 DLY

2.2%

MONTGOMERY CO MD VARIABLE SR E DLY

2.2%

PA ST HGR EDU RV TJ UNIV PA SER D2 DAILY

2.2%

MD ST JOHNS HOPKINS HEALTH SYS SR B DLY

2.2%

PUB FIN AUTH WI HLTHCARE SYS SER B DLY

2.2%

OH HI ED CLEVND CLINIC B4 DLY

2.2%

Asset allocation

Bonds

99.3%

Cash

0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-1.3%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

4.6 years

Avg maturity

10.3 years

Credit ratings

AAA

15.0%

43.7%

29.2%

BBB

4.4%

2.1%

Other

5.7%

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, focusing on investment-grade bonds. May invest up to 15% in below investment-grade securities. The fund's weighted average effective maturity will be less than five years under normal conditions.
Inception date: November 19, 2025
Fund family: T. Rowe Price