TMSF – T. Rowe Price Multi-Sector Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide high income and some capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TMSF	T. Rowe Price Multi-Sector Income ETF	ETF	Open	—	—	Nov 19, 2025	$57.14M	0.370%	—	—	—

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