ETF Research

TMSL: T. ROWE PRICE SMALL-MID CAP ETF

Generated from StockValueFinder data · Updated Oct 13, 2026 3:31 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

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

The T. Rowe Price Small-Mid Cap ETF (ticker: TMSL) is designed to invest in small and medium-sized companies. This ETF provides exposure to a variety of businesses, ranging from healthcare to technology and consumer goods.

What the numbers show

The data shows that TMSL has experienced significant growth in its share price over different time periods.

• Year-to-Date (YTD): The price return is approximately 14.71%. For this period, the total return is also 14.71%.

• One-Year: The share-price return (price return) was approximately 17.62%. When including distributions, the one-year total return was approximately 18.28%.

• Three-Year: The share-price return was approximately 67.74%. The three-year total return, which includes distributions, was approximately 69.99%.

To put this in perspective using an estimated price from roughly one year ago, the share price was approximately $35.01. The current price is $41.18.

Income and distribution explanation

TMSL provides a distribution yield of approximately 0.49%. This number describes the cash distributions relative to the ETF's price. The trailing distributions were approximately $0.20 per share.

It is important to note that the distribution frequency is described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. When looking at returns, remember that "price return" only tracks the change in the share price, while "total return" includes both the price change and any distributions paid out.

NAV erosion explanation

NAV erosion refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Top Holdings

The following are the top holdings in the portfolio (note that this is a partial list):

• Tenet Healthcare Corp (1.15%)

• Popular Inc (1.11%)

• nVent Electric PLC (1.06%)

• Guardant Health Inc (0.95%)

• Permian Resources Corp Class A (0.93%)

• Corpay Inc (0.90%)

• Reliance Inc (0.88%)

• TD SYNNEX Corp (0.88%)

• Interdigital Inc (0.86%)

• Marex Group Ltd (0.86%)

Holdings can change over time. This list was updated on October 12, 2026.

Pros

• Strong positive price returns over the one-year and three-year periods.

• No detected price erosion according to the erosion score.

Cons

• The distribution yield is relatively low (0.49%).

• Distributions are irregular and less frequent rather than being a steady, regular stream of income.

Beginner takeaway

TMSL focuses on small and medium-sized companies. While it has shown strong price growth over the last three years, its dividend income is small and does not happen on a regular schedule. Always remember that a high distribution yield can sometimes be misleading, but in this case, the yield is quite low.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

286 holdings available
# Holding Ticker Weight
1 TENET HEALTHCARE CORP THC 1.15%
2 POPULAR INC BPOP 1.11%
3 NVENT ELECTRIC PLC NVT 1.06%
4 GUARDANT HEALTH INC GH 0.95%
5 PERMIAN RESOURCES CORP CLASS A PR 0.93%
6 CORPAY INC CPAY 0.90%
7 RELIANCE INC RS 0.88%
8 TD SYNNEX CORP SNX 0.88%
9 INTERDIGITAL INC IDCC 0.86%
10 MAREX GROUP LTD MRX 0.86%
Show all 286 holdings
1. TENET HEALTHCARE CORP THC 1.15%
2. POPULAR INC BPOP 1.11%
3. NVENT ELECTRIC PLC NVT 1.06%
4. GUARDANT HEALTH INC GH 0.95%
5. PERMIAN RESOURCES CORP CLASS A PR 0.93%
6. CORPAY INC CPAY 0.90%
7. RELIANCE INC RS 0.88%
8. TD SYNNEX CORP SNX 0.88%
9. INTERDIGITAL INC IDCC 0.86%
10. MAREX GROUP LTD MRX 0.86%
11. EAST WEST BANCORP INC EWBC 0.84%
12. RAMBUS INC RMBS 0.82%
13. RALPH LAUREN CORP CLASS A RL 0.78%
14. n/a TXG 0.77%
15. n/a CRL 0.77%
16. STANLEY BLACK & DECKER INC SWK 0.77%
17. API GROUP CORP APG 0.76%
18. AXIS CAPITAL HOLDINGS LTD AXS 0.76%
19. n/a ZBRA 0.74%
20. LINCOLN NATIONAL CORP LNC 0.73%
21. MUELLER INDUSTRIES INC MLI 0.73%
22. TELEDYNE TECHNOLOGIES INC TDY 0.73%
23. ACUITY INC AYI 0.72%
24. SAMSARA INC ORDINARY SHARES CLASS A IOT 0.72%
25. VIATRIS INC VTRS 0.72%
26. TOLL BROTHERS INC TOL 0.69%
27. TEXTRON INC TXT 0.68%
28. THE MIDDLEBY CORP MIDD 0.68%
29. OVINTIV INC OVV 0.67%
30. WESTERN ALLIANCE BANCORP WAL 0.67%
31. TECHNIPFMC PLC n/a 0.66%
32. KEYCORP KEY 0.65%
33. ONTO INNOVATION INC ONTO 0.65%
34. STANDARDAERO INC SARO 0.65%
35. LATTICE SEMICONDUCTOR CORP LSCC 0.64%
36. WATTS WATER TECHNOLOGIES INC CLASS A WTS 0.64%
37. US FOODS HOLDING CORP USFD 0.62%
38. VOYA FINANCIAL INC VOYA 0.62%
39. DIGI INTERNATIONAL INC DGII 0.61%
40. ENTEGRIS INC ENTG 0.61%
41. n/a WFRD 0.61%
42. NATERA INC NTRA 0.61%
43. VIRTU FINANCIAL INC CLASS A VIRT 0.61%
44. BELDEN INC BDC 0.60%
45. SENSATA TECHNOLOGIES HOLDING PLC ST 0.60%
46. SKYWORKS SOLUTIONS INC SWKS 0.60%
47. ULTA BEAUTY INC ULTA 0.60%
48. ATMUS FILTRATION TECHNOLOGIES INC ATMU 0.59%
49. ENCOMPASS HEALTH CORP EHC 0.59%
50. RENAISSANCERE HOLDINGS LTD RNR 0.57%
51. SKYWARD SPECIALTY INSURANCE GROUP INC SKWD 0.57%
52. STONEX GROUP INC SNEX 0.57%
53. VIAVI SOLUTIONS INC VIAV 0.56%
54. FIRST BANCORP FBP 0.55%
55. REVVITY INC RVTY 0.55%
56. REXFORD INDUSTRIAL REALTY INC REXR 0.55%
57. BEL FUSE INC CLASS B BELFB 0.54%
58. HEALTHCARE REALTY TRUST INC HR 0.54%
59. ELASTIC NV ESTC 0.53%
60. FULTON FINANCIAL CORP FULT 0.53%
61. LAMAR ADVERTISING CO CLASS A LAMR 0.53%
62. SS&C TECHNOLOGIES HOLDINGS INC SSNC 0.53%
63. VICOR CORP VICR 0.53%
64. FORTIVE CORP FTV 0.52%
65. JBT MAREL CORP JBTM 0.52%
66. QUEST DIAGNOSTICS INC DGX 0.52%
67. SAIA INC SAIA 0.52%
68. SLM CORP SLM 0.52%
69. APPFOLIO INC CLASS A APPF 0.51%
70. EQUITABLE HOLDINGS INC EQH 0.51%
71. GLOBAL E ONLINE LTD GLBE 0.51%
72. PACKAGING CORP OF AMERICA PKG 0.49%
73. SUN COMMUNITIES INC SUI 0.49%
74. APPLIED INDUSTRIAL TECHNOLOGIES INC AIT 0.48%
75. BRIGHTSPRING HEALTH SERVICES INC BTSG 0.48%
76. CCC INTELLIGENT SOLUTIONS HOLDINGS INC CCC 0.48%
77. EXPRO LTD XPRO 0.47%
78. FTI CONSULTING INC FCN 0.47%
79. COLUMBIA BANKING SYSTEM INC COLB 0.46%
80. CONCENTRA GROUP HOLDINGS PARENT INC CON 0.46%
81. EQUITY LIFESTYLE PROPERTIES INC ELS 0.46%
82. TOWER SEMICONDUCTOR LTD n/a 0.46%
83. VORNADO REALTY TRUST VNO 0.46%
84. URANIUM ENERGY CORP UEC 0.45%
85. BURLINGTON STORES INC BURL 0.44%
86. FIRST ADVANTAGE CORP FA 0.43%
87. LAMB WESTON HOLDINGS INC LW 0.43%
88. n/a VNOM 0.43%
89. ESAB CORP ESAB 0.42%
90. KYMERA THERAPEUTICS INC ORDINARY SHARES KYMR 0.42%
91. SIRIUSPOINT LTD SPNT 0.42%
92. ADVANCE AUTO PARTS INC AAP 0.41%
93. AMEREN CORP AEE 0.41%
94. FABRINET FN 0.41%
95. H.B. FULLER CO FUL 0.41%
96. PERFORMANCE FOOD GROUP CO PFGC 0.41%
97. ALLIANT ENERGY CORP LNT 0.40%
98. ARAMARK ARMK 0.40%
99. INVESCO LTD IVZ 0.40%
100. MANHATTAN ASSOCIATES INC MANH 0.40%
101. MODINE MANUFACTURING CO MOD 0.40%
102. AGCO CORP AGCO 0.39%
103. FEDERAL REALTY INVESTMENT TRUST FRT 0.38%
104. FIRSTCASH HOLDINGS INC FCFS 0.38%
105. GATES INDUSTRIAL CORP LTD GTES 0.38%
106. MIDERA FOOD PROCESSING INC MFP 0.37%
107. THE TORO CO TTC 0.37%
108. TRAVEL&LEISURE CO TNL 0.37%
109. TYLER TECHNOLOGIES INC TYL 0.37%
110. JONES LANG LASALLE INC JLL 0.36%
111. NETSTREIT CORP ORDINARY SHARES NTST 0.36%
112. NEXTPOWER INC NXT 0.36%
113. THE DESCARTES SYSTEMS GROUP INC n/a 0.36%
114. DYNATRACE INC ORDINARY SHARES DT 0.35%
115. GLOBUS MEDICAL INC CLASS A GMED 0.35%
116. KODIAK SCIENCES INC KOD 0.35%
117. REGENCY CENTERS CORP REG 0.35%
118. BRUKER CORP BRKR 0.34%
119. CARPENTER TECHNOLOGY CORP CRS 0.34%
120. DUTCH BROS INC CLASS A BROS 0.34%
121. FRONTDOOR INC FTDR 0.34%
122. IDEX CORP IEX 0.34%
123. NATIONAL FUEL GAS CO NFG 0.34%
124. ROIVANT SCIENCES LTD ORDINARY SHARES ROIV 0.34%
125. CROCS INC CROX 0.33%
126. RPM INTERNATIONAL INC RPM 0.33%
127. COGNEX CORP CGNX 0.32%
128. SITEONE LANDSCAPE SUPPLY INC SITE 0.32%
129. SOUTHWEST AIRLINES CO LUV 0.32%
130. THE HANOVER INSURANCE GROUP INC THG 0.32%
131. URBAN OUTFITTERS INC URBN 0.32%
132. ASCENDIS PHARMA AS ASND 0.31%
133. CAVA GROUP INC CAVA 0.31%
134. CHURCHILL DOWNS INC CHDN 0.31%
135. COEUR MINING INC CDE 0.31%
136. PROCORE TECHNOLOGIES INC PCOR 0.31%
137. CUBESMART CUBE 0.30%
138. DIGITALOCEAN HOLDINGS INC DOCN 0.30%
139. MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC MTSI 0.30%
140. MEDPACE HOLDINGS INC MEDP 0.30%
141. NOV INC NOV 0.30%
142. RANGE RESOURCES CORP RRC 0.30%
143. WOODWARD INC WWD 0.30%
144. AVIENT CORP AVNT 0.29%
145. n/a AHR 0.29%
146. n/a SHLS 0.29%
147. NISOURCE INC NI 0.29%
148. REPLIGEN CORP RGEN 0.29%
149. HEXCEL CORP HXL 0.28%
150. MAGNOLIA OIL & GAS CORP CLASS A MGY 0.28%
151. MAIN STREET CAPITAL CORP MAIN 0.28%
152. n/a MKC 0.27%
153. RITHM CAPITAL CORP RITM 0.27%
154. TEXAS ROADHOUSE INC TXRH 0.27%
155. ALAMOS GOLD INC CLASS A AGI 0.26%
156. BRIDGEBIO PHARMA INC BBIO 0.26%
157. COREBRIDGE FINANCIAL INC CRBG 0.26%
158. EVEREST GROUP LTD EG 0.26%
159. HANCOCK WHITNEY CORP HWC 0.26%
160. HUNTINGTON BANCSHARES INC HBAN 0.26%
161. KARMAN HOLDINGS INC KRMN 0.26%
162. GLOBAL PAYMENTS INC GPN 0.25%
163. OWENS-CORNING INC OC 0.25%
164. UMB FINANCIAL CORP UMBF 0.25%
165. BLUE BIRD CORP BLBD 0.24%
166. HF SINCLAIR CORP DINO 0.24%
167. LPL FINANCIAL HOLDINGS INC LPLA 0.24%
168. TIDEWATER INC TDW 0.24%
169. AMKOR TECHNOLOGY INC AMKR 0.23%
170. AUTOLIV INC ALV 0.23%
171. CABOT CORP CBT 0.23%
172. DIANTHUS THERAPEUTICS INC DNTH 0.23%
173. INTERNATIONAL PAPER CO IP 0.23%
174. KNIFE RIVER CORP KNF 0.23%
175. n/a MP 0.23%
176. SNAP-ON INC SNA 0.23%
177. STATE STREET INSTL US GOVT MMKT PREMIER GVMXX 0.23%
178. ARROWHEAD PHARMACEUTICALS INC ARWR 0.22%
179. AXSOME THERAPEUTICS INC AXSM 0.22%
180. EQUIPMENTSHARE.COM INC CLASS A EQPT 0.22%
181. INSMED INC INSM 0.22%
182. MYERS INDUSTRIES INC MYE 0.22%
183. n/a STEP 0.22%
184. NEWMARKET CORP NEU 0.22%
185. REDDIT INC CLASS A SHARES RDDT 0.22%
186. SITIME CORP ORDINARY SHARES SITM 0.22%
187. AVERY DENNISON CORP AVY 0.21%
188. AZZ INC AZZ 0.21%
189. LAUREATE EDUCATION INC SHS LAUR 0.21%
190. OR ROYALTIES INC OR 0.21%
191. PORTLAND GENERAL ELECTRIC CO POR 0.21%
192. SCHOLAR ROCK HOLDING CORP SRRK 0.21%
193. UGI CORP UGI 0.21%
194. VAXCYTE INC ORDINARY SHARES PCVX 0.21%
195. ADEIA INC ADEA 0.20%
196. CYTOKINETICS INC CYTK 0.20%
197. TALEN ENERGY CORP ORDINARY SHARES NEW TLN 0.20%
198. VISTEON CORP VC 0.20%
199. ALKERMES PLC ALKS 0.19%
200. ALMONTY INDUSTRIES INC ALM 0.19%
201. BLACKBERRY LTD BB 0.19%
202. CURTISS-WRIGHT CORP CW 0.19%
203. LOUISIANA-PACIFIC CORP LPX 0.19%
204. NEUROCRINE BIOSCIENCES INC NBIX 0.19%
205. NEW YORK TIMES CO CLASS A NYT 0.19%
206. NEXSTAR MEDIA GROUP INC NXST 0.19%
207. OLD NATIONAL BANCORP ONB 0.19%
208. PEBBLEBROOK HOTEL TRUST PEB 0.19%
209. PINNACLE FINANCIAL PARTNERS INC PNFP 0.19%
210. RADNET INC RDNT 0.19%
211. SHARKNINJA INC SN 0.19%
212. TRINITY CAPITAL INC ORDINARY SHARES TRIN 0.19%
213. ARXIS INC CLASS A ARXS 0.18%
214. BETA BIONICS INC BBNX 0.18%
215. ESTABLISHMENT LABS HOLDINGS INC ESTA 0.18%
216. HALOZYME THERAPEUTICS INC HALO 0.18%
217. JAZZ PHARMACEUTICALS PLC JAZZ 0.18%
218. MIRUM PHARMACEUTICALS INC MIRM 0.18%
219. ON HOLDING AG ONON 0.18%
220. THE TIMKEN CO TKR 0.18%
221. UFP TECHNOLOGIES INC UFPT 0.18%
222. ASSURANT INC AIZ 0.17%
223. CELLDEX THERAPEUTICS INC CLDX 0.17%
224. RHYTHM PHARMACEUTICALS INC RYTM 0.17%
225. DISC MEDICINE INC ORDINARY SHARES IRON 0.16%
226. ESSEX PROPERTY TRUST INC ESS 0.16%
227. HANMI FINANCIAL CORP HAFC 0.16%
228. LINCOLN INTERNATIONAL INC CLASS A LCLN 0.16%
229. THE COOPER COMPANIES INC COO 0.16%
230. WAYSTAR HOLDING CORP WAY 0.16%
231. ALLEGRO MICROSYSTEMS INC ORDINARY SHARES ALGM 0.15%
232. CG ONCOLOGY INC CGON 0.15%
233. DENALI THERAPEUTICS INC DNLI 0.15%
234. n/a PRAX 0.15%
235. SPYRE THERAPEUTICS INC SYRE 0.15%
236. WORKIVA INC CLASS A WK 0.15%
237. INNIO NV INIO 0.14%
238. JFROG LTD ORDINARY SHARES FROG 0.14%
239. PHINIA INC PHIN 0.14%
240. PTC INC PTC 0.14%
241. TANGO THERAPEUTICS INC TNGX 0.14%
242. USA RARE EARTH INC USAR 0.14%
243. VIRIDIAN THERAPEUTICS INC VRDN 0.14%
244. WESTLAKE CORP WLK 0.14%
245. ARGAN INC AGX 0.13%
246. BOOZ ALLEN HAMILTON HOLDING CORP CLASS A BAH 0.13%
247. CULLINAN THERAPEUTICS INC CGEM 0.13%
248. GOLAR LNG LTD GLNG 0.13%
249. ORIC PHARMACEUTICALS INC ORIC 0.13%
250. RELAY THERAPEUTICS INC ORDINARY SHARES RLAY 0.13%
251. ALCOA CORP AA 0.12%
252. ELANCO ANIMAL HEALTH INC ELAN 0.12%
253. EPR PROPERTIES EPR 0.12%
254. HAWKEYE 360 INC HAWK 0.12%
255. IREN LTD IREN 0.12%
256. KESTRA MEDICAL TECHNOLOGIES LTD KMTS 0.12%
257. PHOTRONICS INC PLAB 0.11%
258. SOLSTICE ADVANCED MATERIALS INC SOLS 0.11%
259. UNITED THERAPEUTICS CORP UTHR 0.11%
260. XENON PHARMACEUTICALS INC XENE 0.11%
261. BEAM THERAPEUTICS INC BEAM 0.10%
262. CARIS LIFE SCIENCES INC CAI 0.10%
263. COGENT BIOSCIENCES INC COGT 0.10%
264. IONIS PHARMACEUTICALS INC IONS 0.10%
265. MDA SPACE LTD MDA 0.10%
266. MONTE ROSA THERAPEUTICS INC GLUE 0.10%
267. RBC BEARINGS INC RBC 0.10%
268. TAMARACK VALLEY ENERGY LTD COMMON STOCK n/a 0.10%
269. TTM TECHNOLOGIES INC TTMI 0.10%
270. VERA THERAPEUTICS INC CLASS A VERA 0.10%
271. BXP INC BXP 0.09%
272. DYNE THERAPEUTICS INC ORDINARY SHARES DYN 0.09%
273. XENCOR INC XNCR 0.09%
274. BILLIONTOONE INC ORDINARY SHARES CLASS A BLLN 0.08%
275. AVALYN PHARMA INC AVLN 0.07%
276. HMH HOLDING INC CLASS A HMH 0.07%
277. BICARA THERAPEUTICS INC BCAX 0.06%
278. FERVO ENERGY CO CLASS A FRVO 0.06%
279. IMMUNOVANT INC IMVT 0.06%
280. DPC HOLDINGS PLC DPC 0.05%
281. STOKE THERAPEUTICS INC STOK 0.05%
282. TYRA BIOSCIENCES INC TYRA 0.05%
283. ERASCA INC ERAS 0.04%
284. HEMAB THERAPEUTICS HOLDINGS INC COAG 0.04%
285. GENTHERM INC CLASS A THRM 0.03%
286. US DOLLAR n/a 0.00%
Holdings data last updated Oct 12, 2026 9:09 AM .
Scroll to Top