Fund Description
Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in U.S. bonds. The fund s overall investment strategy is to provide total returns (after all of the fund s expenses have been deducted) that exceed the total returns of its benchmark index, the Bloomberg Barclays U.S. Aggregate Bond Index ( Index ). The Index is a broadly diversified index that typically consists of investment-grade, fixed income instruments with intermediate- to long-term maturities. Consistent with the benchmark index, the fund s holdings will normally include U.S. government and agency obligations, mortgage- and asset-backed securities, corporate bonds, and U.S. dollar-denominated securities of foreign issuers. The adviser generally invests in a wide range of bonds represented in the Index. While the fund s portfolio is structured to have a similar overall risk profile and other characteristics to the Index, the adviser does not attempt to fully replicate the Index. The portfolio manager may adjust certain holdings in relation to their weighting in the Index and rely on quantitative models (as indicated by the QM in the fund s name) and fundamental research in an attempt to exceed the return on the index net of fees. These quantitative models are designed to help replicate the overall risk factors and other characteristics of the Index in a more efficient manner and inform portfolio construction. In conjunction with the quantitative models, the portfolio manager uses fundamental research to evaluate and select specific bonds for the portfolio. This could result in the fund being underweight or overweight in certain sectors versus the Index or having a duration that differs from that of the Index.
Fund Profile
Fund Name T. Rowe Price QM U.S. Bond ETF
Fund Exchange Ticker TAGG
Fund Sponsor T. Rowe Price
Fund ISIN US87283Q6026
Net Expense Ratio 0.08 %
Fund Inception Date 28 September 2021
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 39.41 Million (USD)
1 Month Total Return -3.53 %
Year To Date Return -10.67 %
1 Year Total Return
3 Year Annualized Total Return
NAV 43.7941
Share Outstanding 900,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
US TREASURY N/B BOND 0.0992589928
US TREASURY N/B BOND 0.0354685236
US TREASURY N/B BOND 0.0341680937
US TREASURY N/B BOND 0.0303241075
US TREASURY N/B BOND 0.0257635148
US 2YR NOTE (CBT) SEP22 XCBT 20220930 1TUU2 FUTR 0.0251133092
US 5YR NOTE (CBT) SEP22 XCBT 20220930 1FVU2 FUTR 0.0239938694
US TREASURY N/B BOND 0.0181800215
S54709584 CDS USD R F 1.00000 4054709584FEE CCPCDX BOND 0.0180128500
FED HM LN PC POOL SD8199 FR 03/52 FIXED 2 BOND 0.0158923067