AINP vs TMSF: Grades, Fees and Holdings Compared

Allspring Income Plus ETF

AINPANYSE Arca

T. Rowe Price Multi-Sector Income ETF

TMSFBNasdaq

Overlap

No data

Expense ratio

AINP −0.05pt a year

AINP0.36%TMSF0.41%

Avg volume · 30D

AINP 3.6×the volume

AINP6.02KTMSF1.68K

AINP vs TMSF Performance

Dec 31, 2025 – Oct 30, 2026

+0.4%AINP+1.8%TMSF

Expense ratio: AINP 0.36%, better; TMSF 0.41%
Fund size: AINP $250M; TMSF $58M
1Y total return: AINP +1.3%; TMSF No data
Yield (12M): AINP 5.83%; TMSF No data
Holdings: AINP 425; TMSF 346
Avg volume (30D): AINP 6.02K sh, better; TMSF 1.68K sh
NAV per share: AINP $24.25; TMSF $49.04
52W range

ETF.net Grade

Pillar letters and Scores for AINP, TMSF, with each pillar’s weight
Pillar	AINP	TMSF
Cost30% weight	A92Higher	A75
Mission25% weight	A94	A95Higher
Risk15% weight	B62	A71Higher
Tradability15% weight	F24	D29Higher
Holdings10% weight	B56Higher	C44
Durability5% weight	B68Higher	D39

Rank among Multi-Sector Bond Income funds

How we build Categories ›

Same Category. AINP and TMSF are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds

See all 23 ›

AINP ranks 2nd and TMSF 6th of 23 funds in the Multi-Sector Bond Income Category.

Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
Rank 2AAINPAllspring Income Plus ETFScore 72
Rank 2AGINCGoldman Sachs ETF TrustScore 72
Rank 6BMSTIMadison Short Term Strategic Income ETFScore 67
Rank 6BTMSFT. Rowe Price Multi-Sector Income ETFScore 67
Rank 8BGCPBGoldman Sachs ETF TrustScore 63

Our read on each fund

ETF.net Research

AINPAAllspring Income Plus ETF

TMSFBT. Rowe Price Multi-Sector Income ETF

In short

AINP No data

TMSF T. 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

AINP No data

TMSF The fund seeks high income together with some capital appreciation.

Why people hold it

AINP No data

TMSF 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

AINP No data

TMSF 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.

Full AINP profile⁠

Full TMSF profile⁠

AINP vs TMSF Holdings

How AINP and TMSF differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile80.2%
Asset classFixed Income100%

Sector

No Sector split for AINP and TMSF.

Country, concentration and asset class

Country by domicile

Country weights in AINP and TMSF, widest gap first
Country	More in AINPMore in TMSF	AINP	TMSF
South Africa	TMSF +12.0 points	0.9%	12.9%
United States	AINP +10.4 points	81.2%	70.8%
Australia	AINP +2.7 points	2.7%	0.0%
Mexico	TMSF +2.3 points	0.9%	3.2%
Italy	AINP +1.8 points	1.8%	0.0%
Belgium	AINP +1.0 points	1.0%	0.0%
Brazil	AINP +1.0 points	1.6%	0.6%
Norway	AINP +0.9 points	0.9%	0.0%
Other countries (17)	TMSF +3.3 points	9.1%	12.4%

Outside the US: TMSF 27% developed, 73% emerging.

Concentration

Weight in the 10 largest Holdings

AINP40.8%
TMSF72.6%

Securities held

AINP352
TMSF340

Asset class

AINP: Fixed Income
TMSF: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. AINP holds 352 securities, TMSF 340.

All 416 AINP holdings⁠All TMSF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AINP vs TMSF Cost

Overpaying TMSF vs AINP

$961

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

AINP 0.36%
$7,320
TMSF 0.41%
$8,281

Amount$10,000

Years30 years

Cost over time

AINP 0.36%
TMSF 0.41%
Overpaying

Year by year

Year	AINP	TMSF	Overpaying
10	$652	$741	$89
20	$2,522	$2,860	$338
30	$7,320	$8,281	$961

Expense ratio

0.36%AINP, cheaper
0.41%TMSF

AINP0.36%TMSF0.41%

0.30%1.13%

Middle half of Multi-Sector Bond Income funds
Median 0.60%

AINP 3rd cheapest of 23 funds

TMSF 7th cheapest of 23 funds

AINP vs TMSF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AINP 5.83%; TMSF No data
Payout (12M): AINP $1.42; TMSF No data
Last payment: AINP $0.07; TMSF $0.25
Ex-dividend: AINP Oct 23, 2026; TMSF Oct 27, 2026
Paid on: AINP Oct 27, 2026; TMSF Oct 29, 2026
Frequency: AINP Monthly; TMSF Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

AINPMonthly · 24 paymentsAll AINP payments⁠

TMSFMonthly · 11 paymentsAll TMSF payments⁠

AINP vs TMSF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AINP 3.2%since Jan 2025TMSF No data
Return per unit of riskSharpe ratio, 3 years: AINP 0.08since Jan 2025TMSF No data
Worst fallMax drawdown, 5 years: AINP −2.9%since Dec 2024TMSF No data
Market sensitivityBeta, 5 years: AINP 0.10TMSF 0.18; Market = 1

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