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Trending ETFs

T. Rowe Price Ultra Short-Term Bond ETF

Active ETF
TBUX
Payout Change
Pending
Price as of:
$49.7999 +0.11 +0.22%
primary theme
N/A
TBUX (ETF)

T. Rowe Price Ultra Short-Term Bond ETF

Payout Change
Pending
Price as of:
$49.7999 +0.11 +0.22%
primary theme
N/A
TBUX (ETF)

T. Rowe Price Ultra Short-Term Bond ETF

Payout Change
Pending
Price as of:
$49.7999 +0.11 +0.22%
primary theme
N/A

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$49.80

$131 M

4.86%

$2.42

0.17%

Vitals

YTD Return

5.8%

1 yr return

7.3%

3 Yr Avg Return

3.9%

5 Yr Avg Return

N/A

Net Assets

$131 M

Holdings in Top 10

8.3%

52 WEEK LOW AND HIGH

$49.7
$48.95
$49.98

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 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$49.80

$131 M

4.86%

$2.42

0.17%

TBUX - Profile

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    T. Rowe Price Ultra Short-Term Bond ETF
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Sep 28, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Obaza

Fund Description

Under normal conditions, the fund invests at least 80% of its net assets (including any borrowings for investment purposes) in bonds. For purposes of determining whether the fund invests at least 80% of its net asset in bonds, the fund includes derivative instruments that are linked to, or provide investment exposure to 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 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, credit default swaptions, and forward currency exchange contracts. Interest rate futures are used to manage the fund’s cash flow, exposure to changes in interest rates or to adjust portfolio duration. Credit default swaps and credit default swaptions are typically 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. Forward currency exchange contracts are typically 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 securities with longer maturities (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.

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TBUX - Performance

Return Ranking - Trailing

Period TBUX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -4.7% 2.6% 93.56%
1 Yr 7.3% -6.1% 6.9% N/A
3 Yr 3.9%* -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 5.8% -6.5% 2.6% 94.85%
1 Yr 7.3% -6.1% 6.9% N/A
3 Yr 3.9%* -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 462 1 3396 61.83%
Net Assets in Top 10 15.9 M -200 M 16.1 B 92.12%
Weighting of Top 10 8.28% 2.6% 100.0% 41.38%

Top 10 Holdings

  1. BRUNSWICK CORP 0.98%
  2. ENERGY TRANSFER PARTNERS 0.88%
  3. QUANTA SVCS INC DISC COML PAPE 09/24 ZCP 0.88%
  4. BACARDI MARTINI B V 0.88%
  5. HARLEY DAVIDSON FND CP 0.83%
  6. FMC CORP SR UNSECURED 10/26 3.2 0.79%
  7. OVINTIV CANADA ULC 0.78%
  8. FIFTH THIRD BANK SUBORDINATED 03/26 3.85 0.77%
  9. TREASURY BILL 09/24 0.00000 0.76%
  10. CONAGRA FOODS INC. 0.73%

Asset Allocation

Weighting Return Low Return High TBUX % Rank
Bonds
80.52% 0.00% 123.41% 77.59%
Other
18.77% -10.38% 3.22% 61.83%
Cash
0.71% -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
0.18% 0.00% 100.00% 24.90%
Derivative
0.05% 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
80.06% 0.00% 100.00% 82.57%
Non US
0.46% 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 4.86% 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

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TBUX - Fund Manager Analysis

Managers

Alexander Obaza


Start Date

Tenure

Tenure Rank

Sep 28, 2021

0.67

0.7%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.54 7.92