Fund Description
Under normal conditions, the fund will invest 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 the market value of derivative instruments that are linked to, or provide investment exposure to, bonds. Shareholders will receive at least 60 days prior notice of a change in the fund s policy. The fund invests in a diversified portfolio of shorter-term investment-grade corporate and government securities, including mortgage-backed securities, municipal securities, money market securities and bank obligations, and securities of foreign issuers, including up to 10% of net assets in non-U.S. dollar-denominated securities of foreign issuers. The fund primarily invests in securities 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 T. Rowe Price to be investment-grade quality. The fund will not be required to sell a holding if it is later downgraded to a non-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.
Fund Profile
Fund Name T. Rowe Price Ultra Short-Term Bond ETF
Fund Exchange Ticker TBUX
Fund Sponsor T. Rowe Price
Fund ISIN US87283Q7016
Net Expense Ratio 0.17 %
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 Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity Short (1-3 years)
Bond Currency Denomination Multiple Currencies
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 38.92 Million (USD)
1 Month Total Return -0.92 %
Year To Date Return -2.03 %
1 Year Total Return
3 Year Annualized Total Return
NAV 48.6446
Share Outstanding 800,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash/Cash equivalent CASH 0.1064821745
JABIL INC BOND 0.0095451182
TREASURY BILL 07/22 0.00000 BILL 0.0095391958
TREASURY BILL 07/22 0.00000 BILL 0.0091067297
JPY220705 FRWD 0.0089437460
JAPAN TREASURY DISC BILL BILLS 07/22 0.00000 BOND 0.0089412884
JPY220711 FRWD 0.0088966744
JAPAN TREASURY DISC BILL BILLS 07/22 0.00000 BOND 0.0088915095