T. Rowe Price Multi-Sector Income ETF
TMSF
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Kenneth Antony Orchard
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Nov 20, 2025
- CIK
- 0001795351
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Multi-Sector Income ETF (TMSF) is an actively managed exchange-traded fund that seeks high income and some capital appreciation by investing across the full global fixed income universe, spanning multiple credit sectors, countries, and currencies. The fund employs a flexible, multi-sector approach, allocating to investment-grade and high-yield corporate bonds; emerging market debt, including sovereign bonds from issuers such as Colombia and Malaysia; U.S. Treasury securities and bills; floating-rate notes; and derivative instruments like credit default swaps (CDX), interest rate swaps, inflation-linked swaps, futures on U.S. Treasury notes, and currency options for market exposure, hedging, and yield enhancement. Top holdings as of December 2025 include credit default swaps on CDX indices (up to 14.62%), inflation swaps, U.S. Treasury Bills, T. Rowe Price Floating Rate ETF, and futures contracts, alongside corporate bonds from issuers like Carvana Co., FS Luxembourg SARL, and NRG Energy, Inc.; the fund also invests in other T. Rowe Price mutual funds and ETFs for targeted asset class exposure. Launched on November 19-20, 2025, and domiciled in the United States, TMSF trades on the Nasdaq exchange with a net expense ratio of 0.37% and is available to U.S. investors. The ETF is managed by a team of four co-portfolio managers—Kenneth Orchard (21 years of experience), Vincent Chung (11 years), Jeanny Silva (22 years), and Adam Marden (13 years)—as part of T. Rowe Price Exchange-Traded Funds, Inc., a subsidiary of T. Rowe Price Group, Inc., headquartered at 1307 Point Street, Baltimore, Maryland 21231. In a significant recent development, T. Rowe Price expanded its active ETF lineup to 28 funds by launching TMSF alongside three new municipal income ETFs (TMNS, TMNL, THYM) on November 20, 2025, strengthening its fixed income offerings across core asset classes including multisector bonds.