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About T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Floating Rate ETF
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Inception date
Nov 16, 2022
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
T. Rowe Price Associates, Inc. (IM)
Distributor
T. Rowe Price Investment Services, Inc.
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
What's in the fund
Exposure type
Loans
Miscellaneous
Stocks0.31%
Utilities0.16%
Energy Minerals0.15%
Bonds, Cash & Other99.69%
Loans68.99%
Miscellaneous18.58%
Corporate8.49%
Cash3.63%
Securitized0.01%
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