T. Rowe Price Ultra Short-Term Bond ETF
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
6.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$131 M
Holdings in Top 10
9.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TBUX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 5.2%
- Dividend Distribution Frequency Monthly
Fund Details
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Legal NameT. Rowe Price Ultra Short-Term Bond ETF
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Fund Family NameTROWEPRICE
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Inception DateSep 28, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
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CurrencyUSD
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Domiciled CountryUS
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ManagerAlexander Obaza
Fund Description
Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. The fund invests in a diversified portfolio of shorter-term investment-grade corporate and government securities, including mortgage- and asset-backed securities, municipal securities, money market securities and bank obligations, and securities of foreign issuers. All of the securities purchased by the fund will be rated investment grade (i.e., rated in one of the four highest credit rating categories) at the time of
purchase by at least one of the major credit rating agencies or, if unrated, deemed by the adviser to be investment-grade quality. The fund will not be required to sell a holding if it is later downgraded to a below investment-grade rating. While the fund may purchase an individual security with an effective maturity of up to five years, under normal conditions the fund’s dollar-weighted average effective maturity will be 1.5 years or less.
The fund may use a variety of derivatives, such as futures, forwards, and swaps for a number of purposes, such as exposure or hedging. Specifically, the fund uses interest rate futures, credit default swaps, and currency forwards. Interest rate futures are used to manage the fund’s exposure to changes in interest rates or to adjust portfolio duration, credit default swaps are used in an effort to protect the value of certain portfolio holdings or to manage the fund’s overall exposure to changes in credit quality, and currency forwards are used to protect the fund’s non-U.S. dollar-denominated securities from adverse currency movements.
Investment decisions generally reflect the portfolio manager’s outlook for interest rates and the economy, as well as the prices, yields, and credit quality of various securities in which the fund may invest. For example, if interest rates are expected to fall, the fund may purchase longer-term securities (to the extent consistent with the fund’s investment program) in an attempt to seek higher yields and/or capital appreciation. Conversely, if interest rates are expected to rise, the fund may seek securities with shorter maturities.
TBUX - Performance
Return Ranking - Trailing
Period | TBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -4.7% | 2.6% | 93.56% |
1 Yr | 6.6% | -6.1% | 6.9% | N/A |
3 Yr | N/A* | -2.9% | 3.7% | N/A |
5 Yr | N/A* | -11.1% | 2.6% | N/A |
10 Yr | N/A* | -5.1% | 1.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | TBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.5% | -6.4% | 2.3% | N/A |
2022 | -2.7% | -1.6% | 21.9% | N/A |
2021 | N/A | -21.0% | 5.8% | N/A |
2020 | N/A | -9.4% | 2.6% | N/A |
2019 | N/A | -12.9% | 6.1% | N/A |
Total Return Ranking - Trailing
Period | TBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -6.5% | 2.6% | 94.85% |
1 Yr | 6.6% | -6.1% | 6.9% | N/A |
3 Yr | N/A* | -2.9% | 3.7% | N/A |
5 Yr | N/A* | -11.1% | 2.6% | N/A |
10 Yr | N/A* | -5.1% | 1.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TBUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.4% | -6.4% | 2.3% | N/A |
2022 | -0.1% | -1.6% | 21.9% | N/A |
2021 | N/A | -21.0% | 5.8% | N/A |
2020 | N/A | -9.4% | 2.6% | N/A |
2019 | N/A | -12.9% | 6.1% | N/A |
TBUX - Holdings
Concentration Analysis
TBUX | Category Low | Category High | TBUX % Rank | |
---|---|---|---|---|
Net Assets | 131 M | 24.5 K | 19.8 B | 91.74% |
Number of Holdings | 388 | 1 | 3396 | 61.83% |
Net Assets in Top 10 | 11.2 M | -200 M | 16.1 B | 92.12% |
Weighting of Top 10 | 9.32% | 2.6% | 100.0% | 41.38% |
Top 10 Holdings
- BACARDI MARTINI B V 1.24%
- PLAINS ALL AMER PIPELINE LP 1.24%
- COREBRIDGE FINANCIAL INC SR UNSECURED 04/25 3.5 0.97%
- CONSTELLATION EN GEN LLC SR UNSECURED 06/25 3.25 0.88%
- APA INFRASTRUCTURE LTD COMPANY GUAR 144A 03/25 4.2 0.86%
- INTERNAL FLV+FGR INC 0.83%
- BRUNSWICK CORP 0.83%
- OVINTIV INC 0.83%
- INTERNAL FLV+FGR INC 0.83%
- HPEFS EQUIPMENT TRUST HPEFS 2022 1A B 144A 0.82%
Asset Allocation
Weighting | Return Low | Return High | TBUX % Rank | |
---|---|---|---|---|
Bonds | 82.81% | 0.00% | 123.41% | 77.59% |
Other | 19.56% | -10.38% | 3.22% | 61.83% |
Cash | 0.36% | -24.02% | 100.00% | 22.82% |
Stocks | 0.00% | 0.00% | 3.35% | 0.83% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 56.02% |
Convertible Bonds | 0.00% | 0.00% | 15.25% | 47.72% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TBUX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 0.36% | 0.00% | 100.00% | 24.90% |
Derivative | 0.01% | 0.00% | 23.15% | 16.60% |
Securitized | 0.00% | 0.00% | 100.00% | 53.94% |
Corporate | 0.00% | 0.00% | 99.91% | 33.61% |
Municipal | 0.00% | 0.00% | 70.39% | 25.73% |
Government | 0.00% | 0.00% | 100.00% | 89.21% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TBUX % Rank | |
---|---|---|---|---|
US | 82.34% | 0.00% | 100.00% | 82.57% |
Non US | 0.47% | 0.00% | 72.88% | 19.92% |
TBUX - Expenses
Operational Fees
TBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.03% | 4.12% | 89.96% |
Management Fee | 0.17% | 0.00% | 1.19% | 16.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
TBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
TBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TBUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 369.54% | N/A |
TBUX - Distributions
Dividend Yield Analysis
TBUX | Category Low | Category High | TBUX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.17% | 0.00% | 4.70% | 90.87% |
Dividend Distribution Analysis
TBUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TBUX | Category Low | Category High | TBUX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.30% | 14.86% | N/A |
Capital Gain Distribution Analysis
TBUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 29, 2024 | $0.213 | OrdinaryDividend |
Mar 27, 2024 | $0.209 | OrdinaryDividend |
Feb 28, 2024 | $0.216 | OrdinaryDividend |
Jan 30, 2024 | $0.222 | OrdinaryDividend |
Dec 28, 2023 | $0.295 | OrdinaryDividend |
Nov 29, 2023 | $0.219 | OrdinaryDividend |
Oct 30, 2023 | $0.219 | OrdinaryDividend |
Sep 28, 2023 | $0.214 | OrdinaryDividend |
Aug 30, 2023 | $0.213 | OrdinaryDividend |
Jul 28, 2023 | $0.137 | OrdinaryDividend |
Jun 29, 2023 | $0.184 | OrdinaryDividend |
May 30, 2023 | $0.176 | OrdinaryDividend |
Apr 27, 2023 | $0.170 | OrdinaryDividend |
Mar 30, 2023 | $0.166 | OrdinaryDividend |
Feb 27, 2023 | $0.161 | OrdinaryDividend |
Jan 30, 2023 | $0.142 | OrdinaryDividend |
Nov 29, 2022 | $0.127 | OrdinaryDividend |
Oct 28, 2022 | $0.140 | OrdinaryDividend |
Sep 29, 2022 | $0.111 | OrdinaryDividend |
Aug 30, 2022 | $0.091 | OrdinaryDividend |
Jul 28, 2022 | $0.066 | OrdinaryDividend |
Jun 29, 2022 | $0.179 | OrdinaryDividend |
May 27, 2022 | $0.049 | OrdinaryDividend |
Apr 28, 2022 | $0.040 | OrdinaryDividend |
Mar 30, 2022 | $0.041 | OrdinaryDividend |
Feb 25, 2022 | $0.029 | OrdinaryDividend |
Jan 28, 2022 | $0.007 | OrdinaryDividend |
Nov 29, 2021 | $0.031 | OrdinaryDividend |
Oct 28, 2021 | $0.020 | OrdinaryDividend |