# TMNS (T. Rowe Price Short Municipal Income ETF)

T. Rowe Price · Bond ETFs · Municipal, national, short · data as of Oct 2, 2026

TMNS is actively managed and returned +0.1% since it listed on Nov 20, 2025.

## Key facts

- TMNS, total return, 1 year: +0.1%, as of Oct 2, 2026.
- TMNS, expense ratio: 0.18%, as of Oct 2, 2026.
- TMNS, holdings: 149, as of Oct 2, 2026.
- TMNS, below its high: −2.1%, as of Oct 2, 2026.
- TMNS, net assets: $21m (SEC filing, whole fund, as filed for May 31, 2026).

## TMNS over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −2.1% | +3.6% | −5.7 pts | −7.4 pts |
| 6 months | −1.1% | +17.9% | −19.0 pts | −29.5 pts |
| Since listing | +0.1% | +19.2% | −19.1 pts | −28.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Bond fund | ETFIQ |
| Category | Bonds · Municipal, national, short | ETFIQ |
| Expense ratio | 0.18% | 485BPOS XBRL, Apr 24, 2026 |
| Price | $48.68 | ETFIQ |
| Listed since | Nov 20, 2025 | ETFIQ |
| Net assets | $21m | SEC filing, whole fund, as filed for May 31, 2026 |
| Below its high | −2.1% | ETFIQ |
| Holdings | 149 | ETFIQ |
| Top ten weight | 22.9% | ETFIQ |
| Holdings as of | May 31, 2026 | SEC N-PORT |

## Questions

### What does TMNS cost?

The prospectus expense ratio is 0.18% a year.

### How far is TMNS below its high?

2.1% below its high of Jul 2, 2026, measured on the reinvested series to Oct 2, 2026.


## Cite this page

ETFIQ, TMNS, data as of Oct 2, 2026. https://etfiq.com/funds/tmns
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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