T. Rowe Price Intermediate Municipal Income ETF TAXE

Medalist Rating as of Sep 30, 2026 See T. Rowe Price Investment Hub

Will TAXE outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TAXE’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TAXE management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of TAXE’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

T. Rowe Price Intermediate Muncpl IncETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings TAXE

More TAXE Holdings

Current Portfolio DateNov 13, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings9.0

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%	1.63	7M	municipal
BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%	1.39	6M	municipal
COLORADO HEALTH FACS AUTH REV 2.75%	0.97	4M	municipal
BURLESON TEX INDPT SCH DIST 4%	0.90	4M	municipal
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%	0.83	4M	municipal
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%	0.69	3M	municipal
METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%	0.68	3M	municipal
SALT LAKE CITY UTAH ARPT REV 5%	0.68	3M	municipal
DALLAS FORT WORTH TEX INTL ARPT REV 5%	0.63	3M	municipal
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%	0.62	3M	municipal

T. Rowe Price Intermediate Municipal Income ETF TAXE

Morningstar’s Analysis TAXE

Will TAXE outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings TAXE

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

COLORADO HEALTH FACS AUTH REV 2.75%

BURLESON TEX INDPT SCH DIST 4%

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

SALT LAKE CITY UTAH ARPT REV 5%

DALLAS FORT WORTH TEX INTL ARPT REV 5%

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

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