Skip to main content
Loading market data...
ETF Nasdaq USD

T. Rowe Price Short Municipal Income ETF TMNS

Issuer: T. Rowe Price SEC registrant: T. Rowe Price Exchange-Traded Funds, Inc. Fixed income · US
Watch TMNS (sign in) Add to portfolio (TMNS) Set an alert for TMNS Compare TMNS with other ETFs Position size calculator for TMNS at 48.9299 USD

How position sizing works
Last price 48.93 USD Change: Down −0.17 Percent change: Down −0.34%

Source: Yahoo Finance (opens in a new tab) Observed · 2 days ago Quotes may be delayed

Expense ratio
0.18%
Prospectus 1 May 2026
Net assets
$21.2M
As of 31 May 2026
Holdings
149
As of 31 May 2026
12-month distribution yield
2.92%
Monthly
Asset class
Fixed income
From holdings

T. Rowe Price Short Municipal Income ETF (TMNS) is an exchange-traded fund listed on the Nasdaq in the United States, issued by T. Rowe Price. Its category is Fixed income · US (fixed income). Its last price was US$48.93 on 19 Oct 2026. Its expense ratio is 0.18% a year, from its prospectus dated 1 May 2026. It reported net assets of US$21.24 million as of 31 May 2026. Its latest holdings report lists 149 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$1.43 a unit, a 12-month distribution yield of 2.92%, paid monthly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
0.18%
Net, after fee waivers or reimbursements
No waiver stated
Management fee
0.18%
Prospectus date
1 May 2026
Filed with the SEC
24 Apr 2026

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$21,237,154
Total assets
$21,478,404
Holdings as of
31 May 2026
Report made public
28 Jul 2026 (58 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 25 of 149 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.

TMNS top holdings as of 31 May 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 HENNEPIN CO-A HENNEPIN CNTY MN HEN 12/28 FIXED 5 US425507GL89 3.32% $706K Debt United States USD
2 DALLAS FORT WORTH-A-2 AMT DALLAS FORT WORTH TX INTERNATI DALAPT 11/50 ADJUSTABLE VAR US23503CFK80 2.47% $525K Debt United States USD
3 UNIV OF NC CHAPEL-A UNIV OF NORTH CAROLINA NC AT C UNCHGR 12/27 FIXED 5 US914713U917 2.44% $518K Debt United States USD
4 PORT OF PORTLAND OR ARPT REV AMT SER 24B PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/30 FIXED 5 US735240L842 2.38% $506K Debt United States USD
5 NY ST HSG FIN-F-2 NEW YORK ST HSG FIN AGY AFFORD NYSHSG 05/56 ADJUSTABLE VAR US64987J8A29 2.35% $500K Debt United States USD
6 BLACK BELT ENERGY GAS AL PROJ REV SER C BLACK BELT ENERGY GAS DIST AL BBEUTL 02/53 ADJUSTABLE VAR US09182TCG04 2.10% $446K Debt United States USD
7 CA CMTY CHOICE AUTH PROJ SER F CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/54 ADJUSTABLE VAR US13013JDD54 2.05% $435K Debt United States USD
8 NY ST TRANS DEV FAC TERM FOUR AMT SR A NEW YORK ST TRANSPRTN DEV CORP NYTTRN 12/29 FIXED 5 US650116DJ25 1.98% $422K Debt United States USD
9 NEW YORK ST MTGE AGY NEW YORK ST MTGE AGY REVENUE NYSHSG 10/30 FIXED 3.4 US64988RGM88 1.88% $399K Debt United States USD
10 PORT OF SEATTLE-AMT-A AMT PORT OF SEATTLE WA REVENUE PTSGEN 05/35 FIXED 5 US735389D620 1.86% $395K Debt United States USD
11 IL ST TOLL HWY AUTH SEN REV BONDS SER A ILLINOIS ST TOLL HIGHWAY AUTH ILSTRN 01/31 FIXED 5 US452252NG05 1.74% $370K Debt United States USD
12 LOUISA VA INDL DEV-B LOUISA VA INDL DEV AUTH POLL C LOUPOL 11/35 ADJUSTABLE VAR US546068AZ00 1.74% $369K Debt United States USD
13 NY ST MTGE AGY-273 NEW YORK ST MTGE AGY HOMEOWNER NYSHSG 04/32 FIXED 3.25 US64988YQ831 1.59% $338K Debt United States USD
14 AZ ST IDA EQUITABLE SCH REVOL FUND SER A ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/28 FIXED 5 US04052FDU66 1.54% $327K Debt United States USD
15 PR COMWLTH PUBLIC IMPT SER A1 PUERTO RICO CMWLTH PRC 07/31 FIXED 5.75 US74514L3J47 1.53% $325K Debt Puerto Rico USD
16 CLIFTON HGR EDU FIN CLIFTON TX HGR EDU FIN CORP ED CLIEDU 04/27 FIXED 5 US187145WS29 1.51% $320K Debt United States USD
17 CA STATEWIDE DEV-C-1 CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/31 FIXED 5 US13078YXF77 1.51% $320K Debt United States USD
18 ILLINOIS ST SER A ILLINOIS ST ILS 05/29 FIXED 5 US452152X225 1.47% $312K Debt United States USD
19 ARLINGTON HGR EDU-A ARLINGTON TX HGR EDU FIN CORP ARLEDU 08/32 FIXED 4 US041806D564 1.43% $304K Debt United States USD
20 IN FIN AUTH-D-1-REF INDIANA ST FIN AUTH HLTH SYS R INSMED 10/64 ADJUSTABLE VAR US45470YGD76 1.35% $286K Debt United States USD
21 S E ALABAMA ST GAS SP S E ALABAMA ST GAS SPLY DIST G SOUUTL 08/54 ADJUSTABLE VAR US84131TBA97 1.32% $281K Debt United States USD
22 PORT AUTH OF NEW YORK AMT PORT AUTH OF NEW YORK NEW JE PORTRN 09/33 FIXED 5 US73358W3C69 1.31% $279K Debt United States USD
23 TARRANT CULTURAL-C-1 TARRANT CNTY TX CULTURAL EDU F TAREDU 11/51 ADJUSTABLE VAR US87638TJW45 1.29% $275K Debt United States USD
24 PENNSYLVANIA-1ST-REF PENNSYLVANIA ST PAS 01/28 FIXED 5 US70914PK350 1.29% $274K Debt United States USD
25 MAIN STREET NAT GAS INC REV SER A MAIN STREET NATURAL GAS INC GA MAIUTL 05/54 ADJUSTABLE VAR US56035DGT37 1.26% $268K Debt United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 May 2026

All 149 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Debt 99.86%

Country

Country by weight
CountryWeightBar
United States 94.56%
Puerto Rico 5.30%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 99.86%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

No sector data

None of this fund's holdings matched a stock listed on this site, so no sector is shown.

Partial coverage: sectors are known for 0.0% of net assets, the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$1.4270
10 payments per unit
12-month yield
2.92%
Distributions only, not total return
Frequency
Monthly
From the gaps between ex-dates
Latest ex-date
25 Sep 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($1.4270) ÷ latest price ($48.93) × 100 = 2.92%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (10 payments)
TMNS distributions per unit by ex-date
Ex-dateAmount per unit
25 Sep 2026$0.1520
26 Aug 2026$0.1380
28 Jul 2026$0.1340
25 Jun 2026$0.1410
26 May 2026$0.1390
27 Apr 2026$0.1400
26 Mar 2026$0.1380
24 Feb 2026$0.1420
27 Jan 2026$0.1390
23 Dec 2025$0.1640

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

Compare with

Largest funds in the same category:

Up to four symbols separated by commas. ASX funds end in .AX, for example IVV.AX.

How ETF overlap is measured, with a worked example

IMPORTANT FINANCIAL DISCLAIMER: The information provided on this platform is for educational and informational purposes only and should not be construed as investment advice. All investments involve risk, including potential loss of principal. Past performance does not guarantee future results. Take Profits is not a registered investment advisor and does not provide personalized investment advice. Users should conduct their own research and consult with qualified financial professionals before making investment decisions. Market data may be delayed and is provided by third-party sources.

Catalyst evidence

Loading…

Loading evidence…

Supporting sources
    Skip to main content

    All resources and tools

    Market ticker

    Markets

    Research

    Tools

    My investments

    Account

    Region and currency

    Region and currency: automatic

    Prices stay in each listing's own currency. Your currency is used for totals and for "≈" estimates at the daily reference rate. How this works

    Colour theme