TMNST. Rowe Price Short Municipal Income ETF
Seeks high current income exempt from federal income taxes.
By T. Rowe Price · Launched 2025
Annual Cost
0.18%
#763 of 5,861 · low cost
Fund Size
$21M
#4,422 of 5,861 · small
Dividend YieldGoal
—
Track Record
9 months
#4,897 of 5,861 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,156+1.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 22.8% of fund✓ well diversified
HENNEPIN CO-A
3.3%
DALLAS FORT WORTH-A-2 AMT
2.5%
UNIV OF NC CHAPEL-A
2.4%
PORT OF PORTLAND OR ARPT REV AMT SER 24B
2.4%
NY ST HSG FIN-F-2
2.4%
BLACK BELT ENERGY GAS AL PROJ REV SER C
2.1%
CA CMTY CHOICE AUTH PROJ SER F
2.0%
NY ST TRANS DEV FAC TERM FOUR AMT SR A
2.0%
NEW YORK ST MTGE AGY
1.9%
PORT OF SEATTLE-AMT-A AMT
1.8%
Asset allocation
Bonds
99.3%
Cash
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (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
9.2%
AA
47.6%
A
28.1%
BBB
5.6%
BB
3.0%
Other
6.5%
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 effective maturity of less than five years.
- Inception date
- November 19, 2025
- Fund family
- T. Rowe Price
Similar funds
Same asset class, closest by strategy & exposureWhat's next?
You've looked at TMNS. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-04