T. Rowe Price, a global investment management firm, has announced the addition of the T. Rowe Price Securitized Income ETF to its product suite. The new fully transparent, actively managed fixed income exchange-traded fund (ETF) has begun trading on the NYSE Arca.
The T. Rowe Price Securitized Income ETF is designed for investors seeking to enhance periodic portfolio returns while diversifying fixed income exposure beyond traditional corporate and government bonds. Actively managed and backed by the firm’s fundamental research capabilities, TSCZ seeks to generate high current income through a portfolio diversified across U.S. securitized credit sectors, such as asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLO), and non-agency residential mortgage-backed securities (RMBS). TSCZ carries a total expense ratio of 0.20%.
TSCZ is actively co-managed by Jean-Marc Breaux, CFA®, and Ramón de Castro. Breaux is Head of Securitized Products in the Fixed Income division and brings 20 years of investment experience, eight of them at T. Rowe Price. De Castro is a sector portfolio manager in the Fixed Income division with over 30 years of experience, 14 at the firm. He also serves as portfolio manager for the T. Rowe Price GNMA Fund (Ticker: PRGMX) and oversees residential mortgage-backed securities (RMBS) allocations across several multisector fixed income portfolios.
With this addition, T. Rowe Price’s ETF lineup expands to 35 total funds, spanning fixed income, equity, multi-asset, digital assets, and thematic strategies. Each ETF solution brings key advantages such as tax efficiency, competitive expense ratios, and the flexibility to buy and sell shares throughout the trading day. All funds leverage the rigorous fundamental research of T. Rowe Price’s analysts and portfolio managers, focused on asking better questions to deliver better client outcomes.
Separately, T. Rowe Price recently announced an agreement to acquire F/m Investments LLC, a specialized fixed income and ETF asset manager. Expected to close in early 2027, the transaction will increase its fixed income assets under management by nearly 9%, more than double its volume in fixed income ETFs, and expand its separately managed accounts (SMA) business. Alongside today’s launch, this transaction reflects the firm’s ongoing commitment to expanding its fixed income ETF capabilities and diversifying the suite of solutions available to its clients.
