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T. Rowe Price Short Municipal Income ETF (TMNS)
About this ETF
The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities whose income is exempt from federal income taxes. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.
Price
Top 10 holdings
| DALLAS FORT WORTH TX INTERNATI DALAPT 11/50 ADJUSTABLE VAR | 3.50% |
| HENNEPIN CNTY MN HEN 12/28 FIXED 5 | 3.31% |
| PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/30 FIXED 5 | 2.37% |
| NEW YORK ST HSG FIN AGY AFFORD NYSHSG 05/56 ADJUSTABLE VAR | 2.35% |
| PORT AUTH OF NEW YORK NEW JE PORTRN 09/33 FIXED 5 | 2.27% |
| NEW YORK ST TRANSPRTN DEV CORP NYTTRN 12/29 FIXED 5 | 2.11% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 02/53 ADJUSTABLE VAR | 2.10% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/54 ADJUSTABLE VAR | 2.05% |
| NEW YORK ST MTGE AGY REVENUE NYSHSG 10/30 FIXED 3.4 | 1.88% |
| PORT OF SEATTLE WA REVENUE PTSGEN 05/35 FIXED 5 | 1.86% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | +0.10% |
| 3 months | -0.24% |
| 6 months | -0.52% |
| Year to date | -0.20% |
| 1 year | — |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | — |
| Sharpe (1y) | — |
| Sharpe (3y) | — |
| Sortino (1y) | — |
| Max drawdown (1y) | — |
| Max drawdown (5y) | — |
| Max drawdown (full) | -1.70% |
| Beta vs S&P 500 (1y) | 0.04 |
| Correlation vs S&P 500 (1y) | 0.31 |
Technical outlook not available yet — this fund does not have enough price history for the statistical models.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-25 | 2026-06-29 | USD 0.1407 |
| 2026-05-26 | 2026-05-28 | USD 0.1390 |
| 2026-04-27 | 2026-04-29 | USD 0.1400 |
| 2026-03-26 | 2026-03-30 | USD 0.1378 |
| 2026-02-24 | 2026-02-26 | USD 0.1424 |
| 2026-01-27 | 2026-01-29 | USD 0.1386 |
| 2025-12-23 | 2025-12-26 | USD 0.1642 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
