Summary
TMSL Chart
T. Rowe Price's Love Says Small-Cap Earnings Are Turning
Small-cap and mid-cap stocks are outrunning large caps in 2026, and one portfolio manager says the shift has room to run. Key Takeaways: Earnings estimates for small caps are rising after 10 quarters of declines.
Small-Caps Offer Rare Value as Sector Gaps Narrow
Small-cap stocks remain the cheapest corner of the U.S. market. That's true even after posting their best first-half performance in more than three decades, according to Morningstar's Q3 2026 stock market outlook.
Market Volatility Just Put Small-Cap Stocks on Sale
Small-cap stocks are the most attractively valued capitalization segment of the U.S. equity market right now, trading at a 17% discount to fair value, according to Morningstar's Q2 2026 US Stock Market Outlook. Key Takeaways Small-cap stocks are trading at a 17% discount to fair value, the deepest of any market segment.
T. Rowe Price Small-Mid Cap ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 25,655 | $1.02M | $1.1M | $80,920.2 | 7.96% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 342,425 | $15.02M | $15.21M | $191,751.25 | 1.28% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 12,011 | $518,528.06 | $529,805.21 | $11,277.15 | 2.17% |
| NA Nizar Araji National Bank Of Canada /FI/ | 7,711 | $279,761.79 | $342,445.51 | $62,683.72 | 22.41% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 36,515 | $1.23M | $1.63M | $401,052.66 | 32.51% |
T. Rowe Price Small-Mid Cap ETF (TMSL) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has T. Rowe Price Small-Mid Cap ETF ever had a stock split?
T. Rowe Price Small-Mid Cap ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is designed to cater to investors seeking exposure to small- or mid-cap companies, a segment of the market that often presents growth opportunities distinct from those found in the portfolios of larger companies. With a strategy focused on investing at least 80% of its net assets in assets issued by small- or mid-cap companies, the fund aims to capture the growth potential of these enterprises. The fund’s investment strategy may lead it to invest significantly in certain sectors, reflecting a targeted approach that could, for instance, favor the information technology sector, among others, based on market conditions and the fund managers' analysis.
Products and Services
The fund's primary products and services revolve around its strategic investment in small- and mid-cap companies, with a keen focus on diversification and sector-specific investment when deemed opportune by the fund managers. Below are the key components of the fund's offerings:
- Small- and Mid-Cap Company Investments
- Sector-Specific Investments
This forms the core of the fund’s investment strategy, targeting companies poised for growth. The fund diligently selects companies based on their market capitalization, aiming to invest in those that offer the potential for significant returns. This strategy is predicated on the belief that small- and mid-cap companies, due to their size, have greater growth prospects and flexibility compared to larger corporations.
The fund has the flexibility to invest significantly in specific sectors that the managers believe are set for growth. While this may lead to a concentration in sectors like information technology, it is a calculated approach to maximize returns. The strategic sector selection is guided by thorough market analysis and a forward-looking view, aiming to capitalize on emerging trends and sector-specific dynamics.
