T. Rowe Price Enhances ETF Portfolio with Four New Active Fixed Income Offerings
In a significant move to enrich its investment offerings, T. Rowe Price, a global leader in investment management, has introduced four new active exchange-traded funds (ETFs) focused on fixed income. These additions mark an expansion of the firm’s ETF lineup to a total of 28, and they are available for trading on the NASDAQ exchange as of today.
The newly launched products include the T. Rowe Price Short Municipal Income ETF (TMNS), T. Rowe Price Long Municipal Income ETF (TMNL), T. Rowe Price High Income Municipal ETF (THYM), and the T. Rowe Price Multi-Sector Income ETF (TMSF). These funds cater to various investor needs by offering a range of municipal bond strategies that encompass short-term, long-term, and high-yield options.
1. T. Rowe Price Short Municipal Income ETF (TMNS):
This ETF primarily invests in short- to intermediate-term investment-grade municipal bonds. Led by James Lynch, CFA®, who brings 18 years of investment experience to the table, TMNS features a net expense ratio of 0.18%.
2. T. Rowe Price Long Municipal Income ETF (TMNL):
This fund focuses on longer-term municipal bonds and is managed by seasoned professionals Austin Applegate, CFA®, with 21 years of experience, and Timothy Taylor, CFA®, who possesses 28 years of experience. TMNL has a net expense ratio of 0.26%.
3. T. Rowe Price High Income Municipal ETF (THYM):
This ETF targets longer-term municipal bonds of low to upper-medium quality. It is managed by Jim Murphy, CFA®, who heads the Municipal Bond team at T. Rowe Price—bringing an impressive 31 years of experience—alongside co-managers Colin Bando and Michael Kane. The fund has a net expense ratio of 0.32%.
4. T. Rowe Price Multi-Sector Income ETF (TMSF):
This ETF takes a broader approach, investing across multiple sectors of the global fixed income market. Co-portfolio managed by a knowledgeable team comprising Kenneth Orchard, Vincent Chung, Adam Marden, and Jeanny Silva, this fund boasts a net expense ratio of 0.37%.
T. Rowe Price has a robust history of incorporating active management strategies into its investment approach. The firm first introduced its active ETFs in 2020 and, with the addition of these four funds, now offers a total of 10 active fixed income ETFs. The primary advantage of these actively managed ETFs lies in their ability to outperform passive indices, harnessing the time-honored investment principles of the firm’s experienced managers. Each fund leans heavily on global research and utilizes sound strategies to foster better investment outcomes for their clientele.
Tim Coyne, the Global Head of Exchange-Traded Funds at T. Rowe Price, expressed confidence in these new offerings, stating that they reflect the firm’s ongoing evolution in the ETF space. He emphasized that these ETFs provide investors with a wider range of choices, helping them navigate an ever-changing investment landscape.
T. Rowe Price is celebrated for its nearly 90 years of expertise in investment management. The firm oversees approximately $1.79 trillion in client assets, with a significant portion dedicated to retirement planning. This wealth of experience and their dedication to independent research reinforces the firm’s ability to deliver solid investment strategies. Through this expansion of their active ETF offerings, T. Rowe Price continues to empower investors by aligning its services with the dynamic needs of the marketplace.
In conclusion, the launch of these new active ETFs represents T. Rowe Price's commitment to providing innovative and effective investment solutions. With the firm continuously exploring new avenues for growth and improvement, investors can look forward to a plethora of options tailored to meet their investment goals.
The newly launched products include the T. Rowe Price Short Municipal Income ETF (TMNS), T. Rowe Price Long Municipal Income ETF (TMNL), T. Rowe Price High Income Municipal ETF (THYM), and the T. Rowe Price Multi-Sector Income ETF (TMSF). These funds cater to various investor needs by offering a range of municipal bond strategies that encompass short-term, long-term, and high-yield options.
Overview of New ETFs
1. T. Rowe Price Short Municipal Income ETF (TMNS):
This ETF primarily invests in short- to intermediate-term investment-grade municipal bonds. Led by James Lynch, CFA®, who brings 18 years of investment experience to the table, TMNS features a net expense ratio of 0.18%.
2. T. Rowe Price Long Municipal Income ETF (TMNL):
This fund focuses on longer-term municipal bonds and is managed by seasoned professionals Austin Applegate, CFA®, with 21 years of experience, and Timothy Taylor, CFA®, who possesses 28 years of experience. TMNL has a net expense ratio of 0.26%.
3. T. Rowe Price High Income Municipal ETF (THYM):
This ETF targets longer-term municipal bonds of low to upper-medium quality. It is managed by Jim Murphy, CFA®, who heads the Municipal Bond team at T. Rowe Price—bringing an impressive 31 years of experience—alongside co-managers Colin Bando and Michael Kane. The fund has a net expense ratio of 0.32%.
4. T. Rowe Price Multi-Sector Income ETF (TMSF):
This ETF takes a broader approach, investing across multiple sectors of the global fixed income market. Co-portfolio managed by a knowledgeable team comprising Kenneth Orchard, Vincent Chung, Adam Marden, and Jeanny Silva, this fund boasts a net expense ratio of 0.37%.
The Importance of Active Management
T. Rowe Price has a robust history of incorporating active management strategies into its investment approach. The firm first introduced its active ETFs in 2020 and, with the addition of these four funds, now offers a total of 10 active fixed income ETFs. The primary advantage of these actively managed ETFs lies in their ability to outperform passive indices, harnessing the time-honored investment principles of the firm’s experienced managers. Each fund leans heavily on global research and utilizes sound strategies to foster better investment outcomes for their clientele.
Tim Coyne, the Global Head of Exchange-Traded Funds at T. Rowe Price, expressed confidence in these new offerings, stating that they reflect the firm’s ongoing evolution in the ETF space. He emphasized that these ETFs provide investors with a wider range of choices, helping them navigate an ever-changing investment landscape.
T. Rowe Price: A Established Leader
T. Rowe Price is celebrated for its nearly 90 years of expertise in investment management. The firm oversees approximately $1.79 trillion in client assets, with a significant portion dedicated to retirement planning. This wealth of experience and their dedication to independent research reinforces the firm’s ability to deliver solid investment strategies. Through this expansion of their active ETF offerings, T. Rowe Price continues to empower investors by aligning its services with the dynamic needs of the marketplace.
In conclusion, the launch of these new active ETFs represents T. Rowe Price's commitment to providing innovative and effective investment solutions. With the firm continuously exploring new avenues for growth and improvement, investors can look forward to a plethora of options tailored to meet their investment goals.
Topics Financial Services & Investing）
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