TMSF ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

markets. The fund's expense ratio is 0.37%. A notable holding is the T. Rowe Price Floating Rate ETF (TFLR), comprising 6.11% of the portfolio. Past performance does not guarantee future results.

T. Rowe Price Multi-Sector Income ETF (TMSF) ETF — Price, Holdings & Analysis

The T. Rowe Price Multi-Sector Income ETF (TMSF) is an actively managed equity ETF seeking high income and some capital appreciation. With $0.03 billion in assets under management, TMSF distinguishes itself through its multi-sector approach and significant allocation to non-U.S. markets. The fund's expense ratio is 0.37%. A notable holding is the T. Rowe Price Floating Rate ETF (TFLR), comprising 6.11% of the portfolio. Past performance does not guarantee future results.

ETF Overview

The T. Rowe Price Multi-Sector Income ETF (TMSF) aims to generate high income and some capital appreciation through strategic investments across various sectors. As an actively managed fund, TMSF offers flexibility in asset allocation to capitalize on market opportunities. A key feature of TMSF is its significant exposure to international markets, with 92.8% of its holdings allocated to countries outside the United States. The fund's top holding is the T. Rowe Price Floating Rate ETF (TFLR), representing 6.11% of the portfolio. This allocation suggests a focus on income-generating assets and a global investment perspective. TMSF's investment approach is designed to provide a diversified income stream while also pursuing potential capital growth. Past performance does not guarantee future results.

Risk Metrics

TMSF's risk profile is influenced by its active management and multi-sector approach. The fund's concentration risk is moderate, with its top holding, T. Rowe Price Floating Rate ETF (TFLR), accounting for 6.11% of the portfolio. The significant allocation to non-U.S. markets (92.8%) exposes the fund to currency fluctuations and geopolitical risks. With a beta of 0.00, TMSF has demonstrated very low volatility relative to the broader market over the past three years; however, this may not be indicative of future performance. The fund's expense ratio of 0.37% can create a slight drag on returns, particularly in periods of lower market performance. Investors should carefully consider these factors when evaluating TMSF's suitability for their portfolios. Past performance does not guarantee future results.

Expense Ratio

0.37%

What does TMSF hold?

Holding	Weight
T. Rowe Price Floating Rate ETF (TFLR)	6.11%

How Is the Fund Allocated?

Country	Weight
Other	92.8%
United States	7.2%

Dividend Yield

0.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

T. Rowe Price QM U.S. Bond ETF (TAGG) (Equity) — 0.08% expense ratio
T. Rowe Price Dividend Growth ETF (TDVG) (Equity) — 0.50% expense ratio
T. Rowe Price Floating Rate ETF (TFLR) (Equity) — 0.61% expense ratio
T. Rowe Price Hedged Equity ETF (THEQ) (Equity) — 0.73% expense ratio
T. Rowe Price Natural Resources ETF (TURF) (Equity) — 0.44% expense ratio
T. Rowe Price Active Core U.S. Equity ETF (TACU) — 0.14% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is TMSF and what does it track?

The T. Rowe Price Multi-Sector Income ETF (TMSF) is an actively managed equity ETF designed to provide investors with high income and some capital appreciation.

Unlike passively managed ETFs that track a specific index, TMSF's investment strategy involves actively allocating assets across various sectors to identify income-generating opportunities. The fund's portfolio includes holdings such as the T.

What is the expense ratio for TMSF?

The expense ratio for the T. Rowe Price Multi-Sector Income ETF (TMSF) is 0.37%. This means that for every $10,000 invested in the fund, investors will pay $37 in annual fees to cover the fund's operating expenses.

While this is a factor to consider, it's important to evaluate the fund's overall performance and investment strategy in relation to its cost.

What are the top holdings in TMSF?

As of 2026-03-15, the top holding in the T. Rowe Price Multi-Sector Income ETF (TMSF) is the T. Rowe Price Floating Rate ETF (TFLR), which constitutes 6.11% of the fund's total assets.

While specific weights may fluctuate, TFLR represents a significant portion of TMSF's portfolio.

Is TMSF a good long-term investment?

Determining whether TMSF is a suitable long-term investment depends on an individual investor's financial goals, risk tolerance, and investment horizon.

TMSF's objective is to provide high income and some capital appreciation, which may appeal to investors seeking a steady income stream. However, its active management and exposure to international markets introduce certain risks.

How does TMSF compare to similar ETFs?

TMSF distinguishes itself from similar ETFs through its active management and multi-sector approach. While many ETFs track specific indexes, TMSF's active management allows it to adapt to changing market conditions and seek income opportunities across various asset classes.

With an expense ratio of 0.37% and AUM of $0.03 billion, TMSF is smaller than some of its competitors.

Does TMSF pay dividends?

As of 2026-03-15, the T. Rowe Price Multi-Sector Income ETF (TMSF) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a history of paying dividends. However, TMSF's investment objective includes providing high income, so future dividend payments may be possible depending on market conditions and the fund's performance.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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