T.Rowe Price Multi-Sector Income ETF (TMSF US)
TMSF US$48.90
20 minute delayed
14 days free access
Join Market Matters and get full access to all our Opinion + Action
Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 48.90
- Change
- ▲ 0.03 (0.06)
- Bid / Ask
- 41.91 - 49.15
- Volume
- 207
- Turnover
- 9,780
- Open
- 48.90
- Day Range
- 48.90 - 48.90
- VWAP
- 48.90
- Prev Close
- 48.87
- Last Trade
- 28/10 10:59am
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$58.8M
OCT 2026
Distributions
Monthly
Since inception
0.9 yrs
NOV 2025
- Legal name
- T. Rowe Price Multi-Sector Income ETF
- Issuer
- T. Rowe Price
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Multisector Bond
- Category index
- Bloomberg US Universal TR USD
- Benchmark
- N/A
- ETF net assets
- $58.8M
- Units on issue
- 1.2M
- Management fee
- 0.37% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 19 NOV 2025
- Listed
- 20 NOV 2025
Objective and strategy
The investment seeks to provide high income and some capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.10%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 0.10 | 0.10 | 0.00 |
| Bond | 89.37 | 132.61 | 43.24 |
| Cash | 1.25 | 1.29 | 0.04 |
| Other | 9.28 | 13.37 | 4.09 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 100.00%Sensitive 0.00%Defensive 0.00%
- Basic Materials
- 0.00%
- Consumer Cyclical
- 0.00%
- Financial Services
- 100.00%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 0.00%
- Industrials
- 0.00%
- Technology
- 0.00%
- Consumer Defensive
- 0.00%
- Healthcare
- 0.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
- North America
- 100.00%
- Latin America
- 0.00%
- United Kingdom
- 0.00%
- Europe Developed
- 0.00%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 100.00%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Small Value
Size score
22
Small
Mid
Large
Value-growth score
-95
Value
Blend
Growth
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 0.00%
- Mid
- 0.00%
- Small
- 54.02%
- Micro
- 45.98%
Small 54%Micro 46%
- Average market cap
- $5.28B
- Number of holdings
- 347
- Shares held
- 3
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 16.15
- Price / book
- 1.04
- Price / sales
- 12.18
- Dividend yield
- 8.25%
- Assets in top 10
- 36.85%
- Return on equity
- 6.30%
- Net margin
- 71.50%
- Earnings growth (3 yr)
- 13.02%
Top holdings · top 10 = 29.93% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| 2 Year Treasury Note Future Dec 26 ZTZ26 | 13.28 | — | 9.8M | USD | 9.6M | — | United States | |
| T Rowe Price Res Inv Fd Mutual Fund | 8.70 | — | 6.4M | — | 6.4M | — | — | |
| Federal National Mortgage Association 6% | 4.48 | — | 3.3M | USD | 3.4M | — | United States | |
| Us 5yr Note (Cbt) Dec26 Xcbt 20261231 | -4.22 | — | -3.1M | — | 3.0M | — | — | |
| Federal National Mortgage Association 5.5% | 4.08 | — | 3.0M | USD | 3.1M | — | United States | |
| Federal National Mortgage Association 6.5% | 3.71 | — | 2.7M | USD | 2.7M | — | United States | |
| Ultra 10 Year US Treasury Note Future Dec 26 TNZ26 | -3.44 | — | -2.5M | USD | 2.4M | — | United States | |
| Federal National Mortgage Association 5% | 3.30 | — | 2.4M | USD | 2.6M | — | United States | |
| 200867191 Trs Usd R E 200867191ret Iboxxtrs | 1.81 | — | 1.3M | — | 5,650 | — | — | |
| 200867191 Trs Usd P V 12msofr 200867191int Iboxxtrs | -1.77 | — | -1.3M | — | 1.3M | — | — |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-2.1
3M
-1.7
6M
1.2
YTD
0.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -2.14 | -2.19 | -2.11 | 45 / 383 |
| 3 months | -1.69 | -1.58 | -1.61 | 29 / 380 |
| 6 months | 1.21 | 1.29 | 1.38 | 15 / 379 |
| Year to date | 0.59 | 0.49 | 0.84 | 24 / 374 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
- Best quarter
- 3.03% · JUN 2026
- Worst quarter
- -1.61% · SEP 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.37% p.a.
- PDS dated
- 1 AUG 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.2351
- Ex Date
- 25 SEP 2026
- Record Date
- 25 SEP 2026
- Pay Date
- 29 SEP 2026
- NAV at ex date
- 48.96
- Paid this year
- 1.9497
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.4
| Year | Per unit ($) |
|---|---|
| 2024 | 0.3800 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 25 SEP 2026 | 0.2351 |
| 26 AUG 2026 | 0.2160 |
| 28 JUL 2026 | 0.2319 |
| 25 JUN 2026 | 0.1149 |
| 26 MAY 2026 | 0.2262 |
| 27 APR 2026 | 0.2278 |
| 26 MAR 2026 | 0.2242 |
| 24 FEB 2026 | 0.2229 |
| 27 JAN 2026 | 0.2507 |
| 23 DEC 2025 | 0.3800 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
- Portfolio covered
- 56.3%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 36.90%
- Medium
- 37.68%
- High
- 13.48%
- Severe
- 11.94%
3.53% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
13.96
Low
Medium
High
Severe
Category average 11.42
- Carbon risk
- Medium Risk
- Fossil fuel involvement
- 16.98%
- Category average
- 13.74%
- Portfolio covered
- 37.8%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Kenneth A. Orchard
- Vincent Chung
- Jeanny Silva
- Adam Marden
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 4
- Average tenure
- 0.9 years
- Longest tenure
- 0.9 years
- Longest serving
- Kenneth A. Orchard, Vincent Chung, Jeanny Silva, Adam Marden · since 19 NOV 2025
- Most recent appointment
- Kenneth A. Orchard, Vincent Chung, Jeanny Silva, Adam Marden · since 19 NOV 2025
- Managed since
- 19 NOV 2025
- Other funds managed
- 31
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
No opinions for this company yet.
Action
No actions for this company yet.
Relevant suggested news and content from the site
Video
WATCH
Webinar Recording: Are commodities entering a Supercycle?
Recorded Wednesday 24th June @ 12.30pm
Podcast
LISTEN
Thursday 11th September – Dow off -220pts, SPI off -20pts
Daily Podcast Direct from the Desk
Video
WATCH
Buy Hold Sell: The 6 income stocks readers love, plus 2 expert ideas
Recorded 10th June 2026
Podcast
LISTEN
Wednesday 10th September – Dow up +196pts, SPI down -4pts
Daily Podcast Direct from the Desk
