TFLRT. Rowe Price Floating Rate ETF
Seeks high current income and, secondarily, capital appreciation.
By T. Rowe Price · Launched 2022
Annual Cost
0.61%
#3,414 of 6,040 · average
Fund Size
$761M
#1,351 of 6,040 · large
Return (1Y)
+5.2%
Track Record
3 years
#2,806 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,508+5.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 30.9% of funddiversified
T. Rowe Price Government Reserve Fund
19.9%
N/A
1.4%
UKG INC TL B 1L USD BANKDEBT
1.4%
EPICOR SOFTWARE CORP TL B 1L BANKDEBT
1.3%
ALLIED UNIVERSAL TL B 1L BANKDEBT
1.3%
SEDGWICK CMS INC TL B 1L USD BANKDEBT
1.2%
HUB INTERNATIONAL LTD TL B 1L BANKDEBT
1.2%
FOCUS FINANCIAL PARTNERS LLC TL C 1L USD BANKDEBT
1.1%
OPELLA TL B 1L BANKDEBT
1.1%
APPLIED SYSTEMS INC TL B2 1L USD BANKDEBT
1.1%
Asset allocation
Bonds
90.1%
Other
9.3%
Preferred
0.5%
Cash
0.1%
Stocks
0.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.1%Low
Year-on-year price swings
Max drawdown
-4.0%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.89Decent risk-adjusted returns
Sortino (3Y)
1.24Good downside protection
Bond profile
Credit ratings
AAA
4.5%
BBB
1.1%
BB
17.4%
B
64.7%
Below B
8.4%
Other
3.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks high current income and, secondarily, capital appreciation.
- Strategy
- Normally invests at least 80% of net assets in floating rate loans and floating rate debt securities, primarily U.S. dollar-denominated. Focuses on high current income, with investments in below investment grade loans and debt instruments.
- Inception date
- November 16, 2022
- Fund family
- T. Rowe Price
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Data updated on 2026-09-18