T. Rowe Price launched four new active fixed income ETFs Thursday, adding to their ever-growing active ETF suite. The four funds include three tax-free ETFs and one “go-anywhere” active bond ETF. Together, the four active fixed income ETFs bring the suite’s total fund count to 28 total funds. The go-anywhere, multisector bond fund can help investors pursue greater flexibility and performance potential.
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The shop has added the T. Rowe Price Multi-Sector Income ETF (TMSF) to its suite, according to a press release. TMSF invest across the global fixed income landscape. That includes bonds from various countries, currencies, and credit sectors. Its team of co-portfolio managers include Kenneth Orchard, Vincent Chung, Adam Marden and Jeanny Silva. The fund charges a 37 basis point fee for its active approach.
“We have seen growing demand for actively managed fixed income ETFs in 2025 as advisors turn to trusted experts to help them navigate the bond market,” said VettaFi Head of Research Todd Rosenbluth. “T. Rowe Price has demonstrated the ability to support these advisors over the last few years but an expanded lineup will be beneficial.”
Active Bond ETF TMSF Arriving to Bond Scene
TMSF’s approach embraces much of what sets active bond ETF strategies apart from their passive peers. Where passive bond funds have to follow strict rules and maintain their weights to certain segments, active bond ETFs offer more flexibility. That flexibility doesn’t just mean adapting to market headline events, either. It also means taking a fundamental research-driven, bottom-up portfolio construction approach to investing in bonds.
TMSF’s go-anywhere approach could help set it apart in an ever-growing and increasingly competitive active fixed income landscape. T. Rowe Price’s suite of bond ETFs includes several tax-free ETFs as well as an existing total return ETF, the T. Rowe Price Total Return ETF (TOTR ).
Active ETF product proliferation has lifted overall ETF launches in recent years, with fixed income ETFs an important growing part. For those looking for ways to freshen up their bond holdings, active bond ETFs could intrigue.
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