T. Rowe Price Small-Mid Cap ETF
TMSL
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ROIC.AI
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- T. Rowe Price Exchange-Traded Funds, Inc. is a registered management investment company that offers a diversified lineup of actively managed exchange-traded funds focusing on equity, fixed income, and multi-asset strategies. The firm provides products including the T. Rowe Price Small-Mid Cap ETF (TMSL), which seeks long-term capital growth by investing at least 80% of its net assets in small- and mid-cap U.S. companies with growth or value characteristics, benchmarked against the Russell 2500 Index; the T. Rowe Price Capital Appreciation Equity ETF (TCAF); T. Rowe Price U.S. Equity Research ETF (TSPA); T. Rowe Price Blue Chip Growth ETF (TCHP); T. Rowe Price Dividend Growth ETF (TDVG); T. Rowe Price International Equity ETF (TOUS); T. Rowe Price Growth Stock ETF (TGRW); and fixed income offerings such as T. Rowe Price QM U.S. Bond ETF (TAGG), T. Rowe Price Ultra Short-Term Bond ETF (TBUX), and T. Rowe Price Total Return ETF (TOTR), among its total of 24 to 28 ETFs as of late 2025. The company, advised by T. Rowe Price Associates, Inc., operates within the broader T. Rowe Price Group, Inc. ecosystem, headquartered in Baltimore, Maryland, and serves individual, institutional, and intermediary investors primarily in the U.S. market through NYSE Arca and NASDAQ listings. In recent developments, T. Rowe Price Exchange-Traded Funds, Inc. launched four new active fixed income ETFs on November 20, 2025—T. Rowe Price Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), High Income Municipal ETF (THYM), and Multi-Sector Income ETF (TMSF)—expanding its municipal bond strategies alongside the 2024-launched Intermediate Municipal Income ETF (TAXE) and bringing the total ETF roster to 28 offerings. Additionally, in March 2025, the firm introduced two transparent active equity ETFs: T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) and Hedged Equity ETF (THEQ). These expansions follow the June 2023 inception of the TMSL ETF and align with T. Rowe Price Group's strategic partnerships, including a September 2025 collaboration with Goldman Sachs involving up to $1 billion in stock investment to enhance private-market access for retirement and wealth clients.