TBUXT. Rowe Price Ultra Short-Term Bond ETF
Seeks a high level of income consistent with low volatility of principal value.
By T. Rowe Price · Launched 2021
Annual Cost
0.17%
#713 of 5,854 · low cost
Fund Size
$1.2B
#1,029 of 5,854 · large
Dividend YieldGoal
4.35%
Track Record
4 years
#2,427 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,454+4.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaWhat it actually holds
By weightConcentration
Top 10 holdings = 9.6% of fund✓ well diversified
ENERGY TRANSFER PARTNERS 4/2 144A CP
1.2%
U S TREASURY BILL
1.1%
BRUNSWICK CORP 4/2 144A CP
1.0%
GLOBAL PAYMENTS INC 4/2 CP
1.0%
STANLEY BLACK & DECKER 4/2 144A CP
0.9%
CANADIAN NATURAL RESOURC 4/2 144A CP
0.9%
OVINTIV INC 4/2 CP
0.9%
JPMCC 2016-NINE A 144A
0.9%
PLAINS ALL AMER PIPELINE 4/2 144A CP
0.9%
SEMPRA ENERGY 4/2 144A CP
0.8%
Asset allocation
Bonds
82.5%
Cash
17.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
0.7%Low
Year-on-year price swings
Max drawdown
-1.8%Mild
Worst peak-to-trough loss
Sharpe (3Y)
1.78Strong risk-adjusted returns
Sortino (3Y)
2.80Good downside protection
Bond profile
Duration
4.5 years
Avg maturity
10.0 years
Credit ratings
AAA
29.7%
AA
7.3%
A
24.0%
BBB
38.4%
BB
0.1%
Other
0.5%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks a high level of income consistent with low volatility of principal value.
- Strategy
- Normally invests at least 80% of net assets in bonds, including investment-grade fixed income securities such as corporate, government, and foreign securities. Uses derivatives like interest rate futures and credit default swaps for exposure and hedging.
- Inception date
- September 28, 2021
- Fund family
- T. Rowe Price
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Data updated on 2026-08-03