Symbols

TBUX

T. Rowe Price Ultra Short-Term Bond ETF·ARCA

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Key Stats

Assets Under Management

912.95MUSD

Fund Flows (1Y)

568.79MUSD

Dividend Yield

4.62%

Discount/Premium to NAV

0.06%

Shares Outstanding

18.20M

Expense Ratio

0.17%

About T. Rowe Price Ultra Short-Term Bond ETF

Issuer

T. Rowe Price Associates, Inc.

Brand

T. Rowe Price

Home Page

https://www.troweprice.com/personal-investing/tools/fund-research/etf/TBUX

Inception Date

Sep 28, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

T. Rowe Price Associates, Inc. (IM)

Distributor

T. Rowe Price Investment Services, Inc.

TBUX seeks to provide a high level of income by actively investing in corporate and government securities, including mortgage backed securities, municipal bonds, money market securities, and bank obligations, while overweighting short-duration securities and investment-grade bonds. The fund predominantly holds USD-denominated securities, and may invest in non-USD holdings of foreign issuers up to 10% only. To minimize volatility within investor's fixed income allocations, the portfolio manager utilizes a multi-sector short-duration strategy that seeks higher income potential than traditional cash investments, with modest additional risk. TBUX utilizes the same investment strategy and management team as its mutual fund counterpart — Ultra Short-Term Bond Fund.