T. Rowe Price Multi-Sector Income ETF

Frequently Asked Questions About TMSF

What does TMSF invest in?

TMSF invests its assets in fixed income securities, aiming for high income and some capital appreciation. It actively shifts allocations among multiple sectors including, US and foreign high yield and investment-grade corporate debt, mortgage-backed and asset-backed securities, government bonds, and emerging market debt. The fund may invest across all maturities, adjust allocations as opportunities arise, and hedge most foreign currency exposure. It uses a variety of derivatives for purposes including hedging, managing interest rate or credit risk, and gaining market or currency exposure. Asset allocation and portfolio duration are actively managed in response to changing interest rates, credit conditions, and market opportunities, with the flexibility to invest in other T. Rowe Price mutual funds or ETFs.

What is the expense ratio of TMSF?

T. Rowe Price Multi-Sector Income ETF (TMSF) charges an expense ratio of 0.37%. This is the annual fee deducted from fund assets to cover management and operations.

What is TMSF's dividend yield?

TMSF's trailing-twelve-month yield is 3.74%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TMSF?

Effective duration measures TMSF's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TMSF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TMSF?

TMSF's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TMSF?

Yield to maturity (YTM) is the total return you'd earn from TMSF if every bond in the portfolio is held to maturity at the current price. TMSF's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.