Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026TMNSS&P 500 · VOO
T. Rowe Price Short Municipal Income ETFTMNS
$49.59
+0.2% last session
+1.7% YTD
Data as of 11/3/20264:00 PM ET · End-of-day
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | +0.2% | +2.0% | +0.3% | +1.7% | — | — | — | +2.2% |
| Peer average | 0.0% | +2.9% | −0.9% | +0.3% | +0.6% | +14.6% | +2.5% | — |
| S&P 500 · VOO | +0.3% | −2.6% | −1.7% | +11.5% | +11.9% | +90.9% | +77.5% | — |
Key Statistics
Open all fund facts →- AUM
- $22M
- Expense ratio
- 0.18%
- Distribution yield
- 3.2%
- NAV
- $49.48
- Volume
- 512
- Avg. volume 30D
- 590
- High today
- $49.60
- Low today
- $49.58
- Previous close
- $49.49
- 52-week high
- $50.69
- 52-week low
- $48.32
- Our risk indicator
- 2/5
TMNS in One Breath
TMNS Among Municipal ETFs
YTDEnd-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD
$10,000 in TMNS
5Y$10,000 in TMNS became
$10,225
In the S&P 500 (VOO)
$11,578
Total return, dividends in · Nov 21, 2025 – Nov 3, 2026 · S&P 500 uses VOO
TMNS’s Top Holdings
TodayDALLAS FORT WODallas Fort Worth Tx Internati Dalapt 11/50 Adjustable Var3.3%NEW YORK ST 2.2%PORT AUTH OF2.2%NEW YORK ST 2.0%BLACK BELT E2.0%NEW JERSEY S1.9%CALIFORNIA C1.9%NEW YORK ST 1.8%PORT OF SEAT1.8%LOUISA VA IN1.7%NEW YORK ST 1.5%ARIZONA ST I1.4%PUERTO RICO 1.4%CALIFORNIA S1.4%ILLINOIS ST 1.4%ARLINGTON TX1.3%INDIANA ST F1.3%S E ALABAMA 1.2%TARRANT CNTY1.2%MAIN STREET 1.2%TENNESSEE EN1.2%NEW YORK CIT1.1%
DALLAS FORT WODallas Fort Worth Tx Internati Dalapt 11/50 Adjustable Var3.3%NEW YORK ST 2.2%PORT AUTH OF2.2%NEW YORK ST 2.0%BLACK BELT E2.0%NEW JERSEY S1.9%CALIFORNIA C1.9%NEW YORK ST 1.8%PORT OF SEAT1.8%LOUISA VA IN1.7%NEW YORK ST 1.5%ARIZONA ST I1.4%
T. Rowe Price TMNS · 0 holdings · tile size = share of the fund · as of Nov 3, 2026
What TMNS Holds
TodayAll holdings100.0%
DALLAS FOR 3.3 · NEW YORK S 2.2 · PORT AUTH 2.2 · NEW YORK S 2.0 · BLACK BELT 2.0 · NEW JERSEY 1.9 · CALIFORNIA 1.9
T. Rowe Price TMNS · share of the fund · as of Nov 3, 2026
Dallas’ Share of TMNS
Today3.3%
$33 of every $1,000 in TMNS is Dallas
Dallas held by TMNS
$730K
T. Rowe Price TMNS · each square = $10 of $1,000 · as of Nov 3, 2026
TMNS’s Share of Municipal ETFs
Today0.0%
of the $244B in 166 Municipal ETFs
$22.3M0.0%
$54.5B22.3%
$49.6B20.3%
$140B57.3%
Municipal ETF AUM · Nov 4, 2026
TMNS Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 4, 2026
Inside TMNS
as of Nov 3, 2026TMNS
T. Rowe Price Short Municipal Income ETF
TodayAll holdings100.0%Dallas For3.3%NEW York S2.2%Port Auth 2.2%NEW York S2.0%Black Belt2.0%NEW Jersey1.9%California1.9%NEW York S1.8%Port OF Se1.8%86 more holdings73.6% of the fund
All holdings100.0%94 more holdings86.5% of the fund
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | Dallas Fort Worth TX Internati Dalapt 11/50 Adjustable VAR | 3.28% |
| 2 | — | NEW York ST HSG FIN AGY Afford Nyshsg 05/56 Adjustable VAR | 2.21% |
| 3 | — | Port Auth OF NEW York NEW JE Portrn 09/33 Fixed 5 | 2.18% |
| 4 | — | NEW York ST Transprtn DEV Nyttrn 12/29 Fixed 5 | 1.98% |
| 5 | — | Black Belt Energy GAS Dist AL Bbeutl 02/53 Adjustable VAR | 1.96% |
| 6 | — | NEW Jersey ST Transprtn Trust Njstrn 06/30 Fixed 5 | 1.90% |
| 7 | — | California Cmnty Choice Fing A Ccedev 10/54 Adjustable VAR | 1.85% |
| 8 | — | NEW York ST Mtge AGY Revenue Nyshsg 10/30 Fixed 3.4 | 1.77% |
| 9 | — | Port OF Seattle WA Revenue Ptsgen 05/35 Fixed 5 | 1.76% |
| 10 | — | Louisa VA Indl DEV Auth Poll C Loupol 11/35 Adjustable VAR | 1.68% |
T. Rowe Price TMNS · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 33.9%
How It Compares
TMNS
T. Rowe Price Short Municipal Income ETF’s Peers
1YMunicipal peers · Past-year and ytd returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
Put TMNS head to head with MUB →MUB vs TMNS
YTDYear to date
TMNS wins+2.0 pts
Past year
Level
Fee
MUB winslower fee
Yield
MUB wins+0.1 pts
AUM
MUB2447.1× more
2–1MUB wins
iShares MUB and T. Rowe Price TMNS · year-to-date · as of Nov 4, 2026 · AUM not scored
TMNS vs VOO
YTDTMNS · T. Rowe Price Short Municipal Income
+1.7%
VOO · S&P 500
+11.5%
Gap
9.9 pts
T. Rowe Price TMNS and Vanguard VOO · 1Y total return · as of Nov 4, 2026
TMNS vs Its Peer Average
YTDTMNSAvsBPeer average
1D+0.2%0.0%
1M+2.0%+2.9%
3M+0.3%−0.9%
YTD+1.7%+0.3%
1Y[…]+0.6%
3Y[…]+14.6%
5Y[…]+2.5%
3–1TMNS wins
165 Municipal peers · each row scaled to its leader
The Details
TMNS
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y[…]
Deepest drop · 1Y[…]
Lowest point · 5Y−0.6%
52-week range
$49.59
$48.32−2.2% from the high$50.69
T. Rowe Price TMNS · past-year price moves · as of Nov 4, 2026
TMNS
Fund Facts
Today2025launched Nov 19
Tracks[…]
Exchange · CUSIPNASDAQ · 87283Q636
StructureETF
Leverage1x
Cost on $10,000$18 a year
Go deeper
T. Rowe Price TMNS · fund facts · as of Nov 4, 2026
TMNS
Payouts by Year
2Y$0.14per share, Oct 2026
Distribution yield3.2%
PaidEvery month
Latest ex-date · paidOct 27 · Oct 29, 2026
11 payouts added up$1.57 a share
T. Rowe Price TMNS · distributions by ex-date · 2025–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Trading & Liquidity
Net asset value$49.48
Premium / discount[…]
Median spread · 30D[…]
Volume today512
Average volume · 30D590
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.18%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$18.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 27, 2026 | Oct 29, 2026 | $0.14 |
| Sep 25, 2026 | Sep 29, 2026 | $0.15 |
| Aug 26, 2026 | Aug 28, 2026 | $0.14 |
| Jul 28, 2026 | Jul 30, 2026 | $0.13 |
| Jun 25, 2026 | Jun 29, 2026 | $0.14 |
| May 26, 2026 | May 28, 2026 | $0.14 |
| Apr 27, 2026 | Apr 29, 2026 | $0.14 |
| Mar 26, 2026 | Mar 30, 2026 | $0.14 |
| Feb 24, 2026 | Feb 26, 2026 | $0.14 |
| Jan 27, 2026 | Jan 29, 2026 | $0.14 |
| Dec 23, 2025 | Dec 26, 2025 | $0.16 |
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