Key stats
About T. Rowe Price Floating Rate ETF
Home page
Inception date
Nov 16, 2022
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US87283Q8832
TFLR seeks to provide high current income and capital appreciation by actively investing in below investment grade floating-rate loans. The fund may hold senior or subordinate loans, although it invests majority of its assets in senior loans. TFLR may also invest in other debt securities, such as government debt obligations and corporate bonds, and up to 20% of its assets may be invested in fixed-rate debt instruments. While the portfolio primarily comprises USD-denominated loans and debt securities, up to 20% of the fund's assets may be allocated to non-USD-denominated securities. To build the portfolio, the fund adviser uses fundamental analysis, wherein factors such as a companys financial condition and industry position, as well as economic and market conditions are evaluated. TFLR has considerable flexibility in seeking higher yields and may invest in any maturity without restriction.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Loans
Bonds, Cash & Other100.00%
Loans84.90%
Corporate8.56%
Miscellaneous4.14%
Cash2.39%
Securitized0.01%
Stock breakdown by region
North America97.74%
Europe2.26%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TFLR invests in bonds. The fund's major sectors are Corporate, with 8.56% stocks, and Securitized, with 0.01% of the basket. The assets are mostly located in the N/A region.
TFLR last dividends amounted to 0.30 USD. The year before, the issuer paid 0.30 USD in dividends, which shows a 0.34% decrease.
TFLR assets under management is 376.98 M USD. It's risen 4.57% over the last month.
TFLR fund flows account for 212.65 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TFLR pays dividends to its holders with the dividend yield of 7.17%. The last dividend (Aug 28, 2025) amounted to 0.30 USD. The dividends are paid annually.
TFLR shares are issued by T. Rowe Price Group, Inc. under the brand T. Rowe Price. The ETF was launched on Nov 16, 2022, and its management style is Active.
TFLR expense ratio is 0.61% meaning you'd have to pay 0.61% of your investment to help manage the fund.
TFLR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TFLR invests in bonds.
TFLR price has fallen by −0.02% over the last month, and its yearly performance shows a −0.16% decrease. See more dynamics on TFLR price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.10% increase in three-month performance and has increased by 7.46% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.10% increase in three-month performance and has increased by 7.46% in a year.
TFLR trades at a premium (0.34%) meaning the ETF is trading at a higher price than the calculated NAV.