T. Rowe Price Small-Mid Cap ETF (TMSL)
| Assets | $1.57B |
| Expense Ratio | 0.55% |
| PE Ratio | 19.37 |
| Shares Out | 42.50M |
| Dividend (ttm) | $0.20 |
| Dividend Yield | 0.55% |
| Ex-Dividend Date | Dec 23, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 10.65% |
| Volume | 208,904 |
| Open | 36.26 |
| Previous Close | 36.97 |
| Day's Range | 36.19 - 37.36 |
| 52-Week Low | 25.89 |
| 52-Week High | 39.80 |
| Beta | 1.19 |
| Holdings | 273 |
| 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 1539.14m in AUM and 274 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
10.85% of assets| Name | Symbol | Weight |
|---|---|---|
| Sandisk Corporation | SNDK | 1.45% |
| TechnipFMC plc | FTI | 1.22% |
| Popular, Inc. | BPOP | 1.12% |
| Tenet Healthcare Corporation | THC | 1.10% |
| Teledyne Technologies Incorporated | TDY | 1.05% |
| Permian Resources Corporation | PR | 1.03% |
| APi Group Corporation | APG | 1.02% |
| Ciena Corporation | CIEN | 1.01% |
| The Middleby Corporation | MIDD | 0.93% |
| Fabrinet | FN | 0.92% |
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 21.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.38%.
News
Active Small-Cap ETF Draws Flows Amid Historic Discount
An active small-cap ETF from T. Rowe Price pulled in $30.88 million over the past week, making it the second-largest inflow among the firm's exchange-traded funds, according to ETF Database.
Why Small-Cap ETFs Can Win The First Half in 2026
It's early days in 2026, but small-caps have been a winner in recent months. The Russell 2000 Index has returned 10.6% over the last three months according to YCharts.
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.
TMSL: Multi-Factor ETF Off To A Good Start
T. Rowe Price Small-Mid Cap ETF is an actively managed, multifactor ETF focused on long-term capital growth, launched in June 2023. The TMSL ETF is well-diversified, primarily invested in U.S. compani...