T. Rowe Price Long Municipal Income ETF (TMNL)

The T. Rowe Price Long Municipal Income ETF is an actively managed fixed income fund from T. Rowe Price that invests primarily in longer-maturity municipal bonds.

Municipal bonds are issued by U.S. states, cities and other local government entities, and their interest is generally exempt from federal income tax. The fund's managers use credit research and interest rate analysis to build a portfolio focused on tax-advantaged income. Its longer maturities make it more sensitive to changes in interest rates than shorter-term municipal funds. T. Rowe Price is headquartered in Baltimore.