T. Rowe Price Small-Mid Cap ETF (TMSL)
| Assets | $2.43B |
| Expense Ratio | 0.55% |
| PE Ratio | 22.43 |
| Shares Out | 67.20M |
| Dividend (ttm) | $0.20 |
| Dividend Yield | 0.46% |
| Ex-Dividend Date | Dec 23, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 10.42% |
| Volume | 72,594 |
| Open | 43.74 |
| Previous Close | 43.85 |
| Day's Range | 43.38 - 43.81 |
| 52-Week Low | 32.35 |
| 52-Week High | 43.89 |
| Beta | 1.09 |
| Holdings | 308 |
| Inception Date | Jun 14, 2023 |
About TMSL
Fund Home PageThe T. Rowe Price Small-Mid Cap ETF (TMSL) is an exchange-traded fund. The ETF currently has 2920.71m in AUM and 294 holdings. TMSL is an actively managed fund that invests in US small- and mid-cap companies with either growth or value characteristics TMSL was launched on Jun 14, 2023 and is issued by T. Rowe Price.
Top 10 Holdings
11.58% of assets| Name | Symbol | Weight |
|---|---|---|
| Sandisk Corporation | SNDK | 3.32% |
| Popular, Inc. | BPOP | 1.11% |
| MKS Inc. | MKSI | 1.00% |
| The Middleby Corporation | MIDD | 0.99% |
| Tenet Healthcare Corporation | THC | 0.90% |
| nVent Electric plc | NVT | 0.89% |
| Guardant Health, Inc. | GH | 0.86% |
| Teledyne Technologies Incorporated | TDY | 0.85% |
| StoneX Group Inc. | SNEX | 0.84% |
| Acuity Inc. | AYI | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $0.2032 | Dec 26, 2025 |
| Dec 23, 2024 | $0.1415 | Dec 26, 2024 |
| Dec 20, 2023 | $0.0947 | Dec 26, 2023 |
Performance
TMSL had a total return of 34.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 20.64%.
News
Beyond the Mega Caps: Advisors Eye Small- and Mid-Cap Strategies
Beyond the Mega Caps: Advisors Eye Small- and Mid-Cap Strategies The strong run by the Nasdaq-100 and the S&P 500 the last few years has loaded portfolios with heavy concentration risk. As a tiny grou...
Add Diversification As SMID-Cap ETF TMSL Celebrates Milestone
Concentration risk has emerged as a dominant threat to portfolios this year. Even as geopolitical tensions show signs of cooling under a potential U.S.-Iran deal, market crowding remains a top concern...
T. Rowe Price Makes the Midyear Case for Small-Caps
Small-cap stocks are drawing renewed attention from T. Rowe Price as the firm's 2026 midyear outlook signals a broad shift in market leadership away from the largest technology companies.
Market Volatility Just Put Small-Cap Stocks on Sale
Small-cap stocks are the most attractively valued capitalization segment of the U.S. equity market right now, trading at a 17% discount to fair value, according to Morningstar's Q2 2026 US Stock Marke...
10 T. Rowe Price ETFs Cross $1 Billion in AUM
In a notable milestone, T. Rowe Price now holds ten ETFs with $1 billion in AUM.
Trump 2.0 may create powerful tailwinds for two vastly different groups: big banks and small caps
Two exchange-traded fund experts deliver plays that should deliver multi-year gains.