TFLRT. Rowe Price Floating Rate ETF

Grow my money Get income3y track recordRanked #695 of 1,622 in this goal

Seeks high current income.

By T. Rowe Price · Launched 2022

Annual Cost

0.61%

#3,181 of 5,562 · average

Fund Size

$613M

#1,418 of 5,562 · large

Return (1Y)Goal

+5.4%

Track Record

3 years

#2,862 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,545+5.5%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 20.8% of fund✓ well diversified

T. Rowe Price Government Reserve Fund

10.0%

HUB INTERNATIONAL LTD TL B 1L BANKDEBT

1.4%

UKG INC TL B 1L USD BANKDEBT

1.4%

EPICOR SOFTWARE CORP TL B 1L BANKDEBT

1.2%

FOCUS FINANCIAL PARTNERS LLC TL B8 1L USD BANKDEBT

1.2%

ALLIED UNIVERSAL TL B 1L BANKDEBT

1.2%

TRUIST INSURANCE HOLDING TL 2L BANKDEBT

1.1%

SEDGWICK CMS INC TL B 1L USD BANKDEBT

1.1%

LTI HOLDINGS INC TL B 1L BANKDEBT

1.1%

APPLIED SYSTEMS INC TL B2 1L USD BANKDEBT

1.0%

Asset allocation

Bonds

87.1%

Other

11.6%

Cash

0.8%

Preferred

0.5%

Stocks

0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.0%Low

Year-on-year price swings

Max drawdown

-4.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.10Strong risk-adjusted returns

Sortino (3Y)

1.53Good downside protection

Bond profile

Credit ratings

AAA

4.8%

BBB

0.1%

17.1%

64.2%

Below B

9.7%

Other

4.1%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks high current income.
Strategy: Invests primarily in floating rate loans and floating rate debt securities, typically rated below investment grade. May invest in senior or subordinate loans, with a focus on senior floating rate loans. Up to 20% of net assets may be in fixed rate debt instruments. Most assets are U.S. dollar-denominated, including bonds or loans of foreign issuers. May also invest up to 20% in non-U.S. dollar-denominated investments.
Inception date: November 16, 2022
Fund family: T. Rowe Price