T. Rowe Price Long Municipal Income ETF

T. Rowe Price Long Municipal Income ETF is an actively managed exchange-traded fund focused on generating high levels of income that are exempt from federal income taxes. The fund is designed to invest primarily in longer-term municipal bonds, typically issued by state and local governments across the United States. These bonds are used to finance various public projects such as schools, transportation infrastructure, and utilities, providing both social and economic benefits to local communities. Managed by experienced portfolio managers, the ETF employs T. Rowe Price’s rigorous research-driven approach and active management to select bonds that offer attractive yields and credit quality. The fund forms part of T. Rowe Price’s broader municipal bond lineup, complementing offerings that target short-term and high-yield strategies, effectively serving investors seeking tax-advantaged income. Its market role is significant for individuals and institutions participating in fixed income portfolios, particularly those aiming to minimize their federal tax liabilities while gaining exposure to diverse, longer-duration municipal securities. The ETF’s competitive expense ratio enhances its appeal for cost-conscious investors.