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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.97%
Cash1.03%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TMNS last dividends amounted to 0.14 USD. The month before, the issuer paid 0.16 USD in dividends, which shows a 18.47% decrease.
TMNS assets under management is 21.38 M USD. It's risen 0.40% over the last month.
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.
Yes, TMNS pays dividends to its holders with the dividend yield of 2.40%. The last dividend (Jan 29, 2026) amounted to 0.14 USD. The dividends are paid monthly.
TMNS shares are issued by T. Rowe Price Group, Inc. under the brand T. Rowe Price. The ETF was launched on Nov 19, 2025, and its management style is Active.
TMNS expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
TMNS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TMNS invests in bonds.
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 trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.