TMSL Performance — T. Rowe Price Small-Mid Cap ETF
Data updated: 2026-08-27
TMSL returned +22.20% year to date and +34.36% over one year to Jun 2026. The annualised 3-year return is +20.12%. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $173, against $150 for the category, and to $134 over one year, against $122. Volatility over the past three years was 16.86% a year. In the 12 months to Jun 2026 the fund took in a net $1.4B, and assets reached $2.70B.
TMSL Growth of $100
What $100 invested in T. Rowe Price Small-Mid Cap ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | TMSL | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $134 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $173 | $150 |
| Since data start (Jun 2023 – Jun 2026) | $177 | $161 |
TMSL Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.20% |
| 1 year | +34.36% |
| 3 years (annualised) | +20.12% |
TMSL Annual Returns
Calendar-year total returns of T. Rowe Price Small-Mid Cap ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +22.20% |
| 2025 | +11.74% |
| 2024 | +15.76% |
| 2023 (Jun–Dec) | +12.24% |
TMSL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.5% | +3.4% | −6.4% | +10.0% | +3.7% | +4.9% | — | — | — | — | — | — |
| 2025 | +5.3% | −4.1% | −6.5% | −2.4% | +6.1% | +4.0% | +1.4% | +4.2% | +1.5% | +0.4% | +1.7% | +0.4% |
| 2024 | +0.1% | +6.0% | +5.4% | −6.1% | +4.3% | −1.4% | +5.8% | 0.0% | +1.3% | −1.1% | +9.0% | −7.4% |
| 2023 | — | — | — | — | — | +2.4% | +3.9% | −2.9% | −4.2% | −5.0% | +9.5% | +9.1% |
TMSL Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.86%
- 3-year Sharpe ratio: 0.93 (vs 4.5% risk-free rate)
- Best month: +9.95% (Apr 2026)
- Worst month: −7.38% (Dec 2024)
TMSL Fund Flows
Monthly money in and out of T. Rowe Price Small-Mid Cap ETF, from SEC Form N-PORT.
- 12-month net flow: $1.4B
- 12-month gross sales (incl. reinvestments): $1.9B
- Sales ÷ redemptions: 4.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $495.9M | $288.5M | $207.4M |
| May 2026 | $337.7M | $0 | $337.7M |
| Apr 2026 | $222.3M | $1.9M | $220.5M |
| Mar 2026 | $100.4M | $60.5M | $39.8M |
| Feb 2026 | $159.8M | $0 | $159.8M |
| Jan 2026 | $162.0M | $0 | $162.0M |
| Dec 2025 | $79.6M | $20.1M | $59.5M |
| Nov 2025 | $67.5M | $0 | $67.5M |
| Oct 2025 | $97.8M | $26.3M | $71.5M |
| Sep 2025 | $50.8M | $0 | $50.8M |
| Aug 2025 | $38.7M | $10.2M | $28.5M |
| Jul 2025 | $38.3M | $46.8M | −$8.5M |
TMSL Assets Under Management
Net assets of T. Rowe Price Small-Mid Cap ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.70B |
| 2026-03-31 | $1.55B |
| 2025-12-31 | $1.18B |
| 2025-09-30 | $960.29M |
| 2025-06-30 | $828.66M |
| 2025-03-31 | $654.29M |
| 2024-12-31 | $380.26M |
| 2024-09-30 | $215.44M |
| 2024-06-30 | $111.89M |
| 2024-03-31 | $97.04M |
| 2023-12-31 | $67.11M |
| 2023-09-30 | $42.02M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.