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Launched

T. Rowe Price Multi-Sector Income ETF

TMSFNasdaqT. Rowe PriceB

$49.11+0.22 (+0.45%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 6 of 25 in Multi-Sector Bond Income

B67/100Rank 6 of 25inMulti-Sector Bond Income
Intraday session: up, 77 prints from 48.89 to 49.11. Range 49.11 to 49.20. Use the arrow keys to read each point.48.9549.0049.0549.1549.2010 AM12 PM2 PM4 PM
Expense ratio
0.41%
Fund size
$58M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
346
Avg volume · 30D
1.68K sh
52W range
low $48.48high $50.80
Launched

The ETF.net TMSF Grade

B

Score 67 out of 100

Category
Multi-Sector Bond Income⁠
Rank
6 of 25
Six-pillar profile for TMSF. Scores out of 100: Cost 75, Risk 71, Mission 95, Tradability 29, Holdings 44, Durability 39. Strongest: Mission (95). Weakest: Tradability (29). Leans toward Mission.

Score 67 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.
    A75 out of 100
    Rank 7 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 1 of 14

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A71 out of 100
    Rank 4 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 22 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 15 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 18 of 25

Our read on TMSF

ETF.net Research

In short

BT. Rowe's bond desk, off the leash: high yield, bank loans, securitized credit, emerging market debt and developed government bonds, with the mix shifting as its managers' outlook does. No index, 0.41%, no waiver.

Stated mandate

The fund seeks high income together with some capital appreciation.

Why people hold it

  • The holdings match the brochure: a diversified global credit portfolio that follows its stated multi-sector mandate closely, and one of the stronger builds in its peer group.troweprice.com
  • 0.41% with no waiver propping it up: below the category median and under TMB (0.55%) and XAGG (0.50%), though Vanguard's VGMS runs 0.30%.
  • Active allocation is the point. Managers shift between sectors on their read of rates, business cycles and issuer conditions to reach the income-rich corners.sec.gov
  • Run by four co-portfolio managers from T. Rowe's fixed income group, a shop that has been building active ETFs since 2020.troweprice.com

Worth knowing

  • Young and thinly traded. Limit orders and a glance at the bid-ask spread matter more here than with the category's household names.
  • High yield bonds, bank loans and emerging market debt swing harder than government paper; the prospectus spells out the extra credit and price risk.sec.gov
  • Launched in November 2025, so there is only a short record to judge, and risk readings rest on about a year of data.

TMSF Holdings

Holdings pillarC44 out of 100Rank 15 of 25 in Multi-Sector Bond Income
Asset class
Bonds
Holdings
346
Top-10 weight
73%
Largest holding
3 Month Sofr Fut DEC27 Xcme 2028031416.6%

Geography

  • United States70.82%
  • Cayman Islands5.60%
  • Mexico3.23%
  • France2.74%
  • Colombia2.65%
  • United Kingdom1.65%
  • Netherlands0.92%
  • Uzbekistan0.86%
  • Other countries (27)11.54%

Developed 27% · Emerging 73% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 24.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No data3 Month Sofr Fut DEC27 Xcme 2028031416.64%58$13.8M1
2No dataUs 2YR Note (Cbt) DEC26 Xcbt 2026123111.30%46$9.4M3
3No dataS04921650 Cds USD R F 1.00000 204921650FEE Ccpcdx10.76%8,790,000$8.95M3
4No dataFnma Tba 30 Yr 5.5 Single Family Mortgage7.05%6,025,000$5.86M4
5No dataUs 10YR Note (CBT)DEC26 Xcbt 202612215.49%43$4.57M4
6No dataFnma Tba 30 Yr 5 Single Family Mortgage5.21%4,570,000$4.33M2
7No dataFnma Tba 30 Yr 6 Single Family Mortgage5.18%4,320,000$4.3M4
8No dataS05239066 Irs Gbp R F 4.71880 205239066_FIX Ccpois4.02%2,500,000$3.34M1
9No dataEUR2611203.94%-2,935,579$3.28M4
10No dataB45201498 Cds Eur R V 03MEVENT 5745201498PRO Ccpitraxx2.98%2,220,000$2.48M1
11No dataMXN2701152.11%-33,238,580$1.76M1
12No dataFrance (Govt Of) Bonds 144A Regs 02/32 3.252.05%1,605,000$1.7M1
13No data200867191 Trs USD R E 200867191RET Iboxxtrs1.60%5,650$1.33M1
14No dataB00860322 Irs USD R V 12MUSCPI 200860322INF Ccpinflationzero1.58%1,310,000$1.31M1
15No dataUs Ultra Bond Cbt DEC26 Xcbt 202612211.57%12$1.31M3

Showing 1–15 of 346 holdings

TMSF Performance

Launched Nov 19, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TMSF$10,183
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. TMSF $10,183. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for TMSF. Periods over one year show the average yearly return.
PeriodTMSF
Year to date+1.8%
1 month+1.3%
3 months−0.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TMSF
YearReturn barTMSF
2026 YTD+1.8%
2025+1.4%

History from Nov 21, 2025

TMSF in the news

TMSF Dividends

Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.38; Jan 27, 2026 $0.25; Feb 24, 2026 $0.22; Mar 26, 2026 $0.22; Apr 27, 2026 $0.23; May 26, 2026 $0.23; Jun 25, 2026 $0.11; Jul 28, 2026 $0.23; Aug 26, 2026 $0.22; Sep 25, 2026 $0.24; Oct 27, 2026 $0.25. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 29, 2026$0.25
Sep 25, 2026Sep 29, 2026$0.24
Aug 26, 2026Aug 28, 2026$0.22
Jul 28, 2026Jul 30, 2026$0.23
Jun 25, 2026Jun 29, 2026$0.11
May 26, 2026May 28, 2026$0.23
Apr 27, 2026Apr 29, 2026$0.23
Mar 26, 2026Mar 30, 2026$0.22
Feb 24, 2026Feb 26, 2026$0.22
Jan 27, 2026Jan 29, 2026$0.25
Dec 23, 2025Dec 26, 2025$0.38

TMSF Risk

Risk pillarA71 out of 100Rank 4 of 25 in Multi-Sector Bond Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Nov 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Nov 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TMSF Cost

Compare TMSF and VGMS

Overpaying vs VGMS, cheapest in Multi-Sector Bond Income

$2,132

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TMSF 0.41%

    $8,281

  • VGMS 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • TMSF 0.41%
  • VGMS 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TMSF $8,281VGMS $6,149

Year by year

YearTMSFVGMSOverpaying
10$741$545$196
20$2,860$2,113$747
30$8,281$6,149$2,132

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