Key stats
About T. Rowe Price Short Municipal Income ETF
Home page
Inception date
Nov 19, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
T. Rowe Price Associates, Inc. (IM)
Distributor
T. Rowe Price Investment Services, Inc.
Identifiers
3
ISIN US87283Q6364
TMNS invests in municipal securities, including relevant derivates, that generate income exempt from regular federal income taxes. Its portfolio typically has a weighted average maturity of less than five years, with no set limits on maturity or duration for individual holdings. While focusing on tax-exempt income, some income may be subject to the alternative minimum tax. The fund holds a variety of municipal securities, such as general obligation and revenue bonds, including private activity bonds, and may concentrate in certain states or sectors when attractive opportunities are identified by the adviser. Most holdings are investment-grade, but up to 15% may be below investment-grade. Investment selections are guided by the adviser's views on interest rates, economic outlook, and credit quality.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.97%
Cash1.03%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TMNS trades at 50.40 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on TMNS price chart.
TMNS net asset value is 50.34 today — it's risen 0.73% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TMNS assets under management is 21.38 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TMNS price has risen by 0.39% over the last month, and its yearly performance shows a 0.71% increase. See more dynamics on TMNS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.73% over the last month, showed a 0.69% increase in three-month performance and has increased by 0.69% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.73% over the last month, showed a 0.69% increase in three-month performance and has increased by 0.69% in a year.
TMNS fund flows account for 1.25 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TMNS invests in bonds. See more details in our Analysis section.
TMNS expense ratio is 0.18%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TMNS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, TMNS pays dividends to its holders with the dividend yield of 2.40%.
TMNS trades at a premium (0.11%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TMNS shares are issued by T. Rowe Price Group, Inc.
TMNS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 19, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.