TBUXT. Rowe Price Ultra Short-Term Bond ETF

Get income4y track recordRanked #241 of 1,622 in this goal

Seeks a high level of income consistent with low volatility of principal value.

By T. Rowe Price · Launched 2021

Annual Cost

0.17%

#834 of 5,562 · low cost

Fund Size

$1.1B

#1,041 of 5,562 · large

Dividend YieldGoal

4.38%

Track Record

4 years

#2,486 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,471+4.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

What it actually holds

By weight

Concentration

Top 10 holdings = 9.1% of fund✓ well diversified

U S TREASURY BILL

1.5%

US TREASURY N/B

1.0%

JAPAN T-BILL

0.9%

FNMA 30 YR

0.9%

OVINTIV INC 4/2 CP 144A

0.8%

CANADIAN NATURAL RESOURC 4/2 144A CP

0.8%

STANLEY BLACK & DECKER 4/2 144A CP

0.8%

CONAGRA FOODS INC 4/2 144A CP

0.8%

AMPHENOL CORP

0.8%

WESTERN MIDSTREAM OPERAT 4/2 144A CP

0.7%

Asset allocation

Bonds

85.4%

Cash

14.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.7%Low

Year-on-year price swings

Max drawdown

-1.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.74Strong risk-adjusted returns

Sortino (3Y)

2.66Good downside protection

Bond profile

Duration

4.5 years

Avg maturity

10.0 years

Credit ratings

AAA

28.1%

7.3%

26.3%

BBB

37.3%

0.1%

Other

0.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of income consistent with low volatility of principal value.
Strategy: Invests primarily in bonds, including corporate, government, and municipal securities, with a dollar-weighted average effective maturity of 1.5 years or less. Uses derivatives like interest rate futures and swaps for exposure and hedging against interest rate changes and credit risk.
Inception date: September 28, 2021
Fund family: T. Rowe Price