First-Year Review
Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide
T. Rowe Price Multi-Sector Income ETF
$48.85−0.01 (−0.03%)
- 0.41%
- $59M
- 0M sh
- $48.84
- low $48.48high $50.80
The ETF.net TMSF Grade
B
Score 64 out of 100
- 6 of 25
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 8 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 2 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 5 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 24 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 15 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 18 of 25
Our read on TMSF
BNot your average aggregate bond fund. TMSF roams the whole global credit map (investment-grade and high yield corporates, bank loans, securitized credit, emerging markets debt, government bonds) hunting income, with an active T. Rowe team steering instead of an index.
The fund seeks high income together with some capital appreciation.
Why people hold it
- One ticket buys the whole credit map: investment-grade and high yield corporates, bank loans, securitized credit, emerging markets debt and government bonds from around the world.troweprice.com
- The mandate is blunt (high income plus some capital appreciation) and what it holds lines up with that go-anywhere credit brief rather than drifting elsewhere.
- 0.37% sits right around the typical fee in the broad bond category, notable for a hand-picked global credit portfolio rather than an index tracker.
- Launched in late 2025 with four co-portfolio managers off T. Rowe's fixed income bench, part of the firm's build-out of active bond ETFs.prnewswire.com
Worth knowing
- Index rivals are far cheaper: BND, SPAB and SCHZ all charge 0.03%. The extra cost here buys active sector and country selection, not benchmark tracking.
- Credit and currency do the driving. High yield, bank loans and emerging markets debt mean it can swing with spreads and exchange rates, not just Treasury yields.troweprice.com
- A young fund with a short record that trades in far smaller size than the category's index giants, so spreads can be wider around the open and close.
TMSF Holdings
- Bonds
- 347
- 71%
- 3 Month Sofr Fut DEC27 Xcme 20280314
TMSF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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TMSF$10,090
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TMSF |
|---|---|
| Year to date | +0.9% |
| 1 month | −1.1% |
| 3 months | −1.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TMSF |
|---|---|---|
| 2026 YTD | +0.9% | |
| 2025 | +1.4% |
TMSF in the news
TMSF Dividends
- $0.24 per share
- Monthly
Distribution data unavailable.
Distribution history
TMSF Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TMSF Cost
0.41%
TMSF0.41%
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
7 of the 23 Multi-Sector Bond Income funds charge less.
Other funds in Multi-Sector Bond Income
- BTMBThornburg Multi Sector Bond ETFExpense ratio 0.55%1 year return +0.1%
- BMSTIMadison Short Term Strategic Income ETFExpense ratio 0.36%1 year return +1.1%
- BVMSBVoya Multi-Sector Income ETFExpense ratio 0.45%1 year return —
- CKNRGSimplify Kayne Anderson Energy and Infrastructure Credit ETFExpense ratio 0.76%1 year return +4.1%
- CWMSBNorthern Lights Fund Trust II - Weitz Multisector Bond ETFExpense ratio 0.65%1 year return —