T. Rowe Price Small-Mid Cap ETF (TMSL)

NYSE Arca: TMSLExchange-traded fund from T. Rowe Price.

  • Expense ratio0.57%
  • Net assets$3.06B
  • Dividend yield0.48%
  • 1-year return+16.21%
  • Holdings282

TMSL ETF price chart

TMSL quote & trading statistics

TMSL performance

Total return · as of October 17, 2026
  • YTD+12.77%
  • 1 year+16.21%
  • 3 years+17.93%/yr
1Y volatility
15.77%
3Y volatility
16.27%
3Y Sharpe ratio
0.83

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

TMSL top 10 holdings

#SymbolNameWeight
1THCTenet Healthcare Corporation1.25%
2YZ8Permian Resources Corporation1.11%
3BPOPPopular Inc1.10%
4CPAYCorpay Inc0.91%
5RSReliance Steel & Aluminum Co0.90%
6NVTnVent Electric PLC0.90%
7SWKStanley Black & Decker Inc0.88%
8IDCCInterDigital Inc0.83%
9MRXMarex Group plc Ordinary Shares0.82%
10RLRalph Lauren Corp Class A0.81%

The top 10 holdings make up 9.5% of the fund (282 holdings in total). As of October 17, 2026.

TMSL sector weights

Technology
18.5%
Healthcare
18.0%
Industrials
17.1%
Financial Services
16.6%
Consumer Cyclical
10.1%
Energy
6.7%
Real Estate
6.2%
Basic Materials
4.2%
Consumer Defensive
2.5%
Utilities
1.9%
Communication Services
0.7%

TMSL region weights

North America
99.7%
Latin America
1.7%
United Kingdom
1.3%
Africa/Middle East
0.5%
Europe Developed
0.3%
Australasia
0.1%

TMSL asset allocation

U.S. stocks
94.6%
Non-U.S. stocks
5.1%
Cash
0.2%

TMSL market-cap breakdown

Small cap
56.8%
Mid cap
27.2%
Micro cap
12.0%
Large cap
2.8%

About T. Rowe Price Small-Mid Cap ETF

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

TMSL ETF FAQ

What is the TMSL expense ratio?

T. Rowe Price Small-Mid Cap ETF has a net expense ratio of 0.57%, or $57.00 a year for every $10,000 invested.

How much money is in TMSL?

T. Rowe Price Small-Mid Cap ETF has about $3.06B in net assets.

What are the top holdings of TMSL?

The largest positions in TMSL are Tenet Healthcare Corporation (1.25%), Permian Resources Corporation (1.11%), Popular Inc (1.10%). The fund holds 282 securities in total.

How has TMSL performed?

TMSL returned +16.21% over the past year, including reinvested distributions.

Does TMSL pay dividends?

TMSL has a dividend yield of 0.48%.

When was TMSL launched?

T. Rowe Price Small-Mid Cap ETF began trading on June 14, 2023.