---
ticker: "TBUX"
name: "T. Rowe Price Ultra Short-Term Bond ETF"
url: "https://etf.net/etf/TBUX"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Cash & Ultra-Short Income"
category_rank: "24 of 78"
methodology: "https://etf.net/methodology"
---

# TBUX: T. Rowe Price Ultra Short-Term Bond ETF

Grade **B**, Score 69 of 100. Rank 24 of 78 in Cash & Ultra-Short Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 56 | 31 of 78 |
| Mission | 100 | 1 of 66 |
| Risk | 58 | 16 of 75 |
| Tradability | 49 | 38 of 78 |
| Holdings | 83 | 9 of 77 |
| Durability | 72 | 23 of 78 |

## Top holdings

The fund holds 660 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Treasury Bill 12/26 0.00000 | 2.96% |
| 2 | — | Brunswick Corp Disc | 1.14% |
| 3 | — | Us Treasury N/B 02/28 3.375 | 1.12% |
| 4 | — | Ovintiv Inc Disc | 1.01% |
| 5 | — | Fnma Pool MA4919 Fn 02/53 Fixed 5.5 | 0.99% |
| 6 | — | Internal Flv+fgr Inc | 0.97% |
| 7 | — | Jabil Inc | 0.93% |
| 8 | — | Bnp Paribas New York | 0.90% |
| 9 | — | Us Treasury N/B 06/28 3.875 | 0.84% |
| 10 | — | Stellantis Finl Svc Us | 0.84% |
| 11 | — | Credit Agricole SA 144A 01/29 Var | 0.82% |
| 12 | — | Erste Finance Llc | 0.82% |
| 13 | — | Regal Rexnord Corp Company Guar 04/28 6.05 | 0.81% |
| 14 | — | Conagra Foods Inc. | 0.78% |
| 15 | — | Sempra Energy | 0.78% |
| 16 | — | Us Bancorp Sr Unsecured 07/28 Var | 0.78% |
| 17 | — | Arcelormittal SA Sr Unsecured 11/27 6.55 | 0.76% |
| 18 | — | Caixabank SA 144A 01/29 Var | 0.76% |
| 19 | — | Iqvia Inc Sr Secured 05/28 5.7 | 0.70% |
| 20 | — | Medline Borrower/Medl Co Sr Secured 144A 04/29 6.25 | 0.69% |
| 21 | — | Humana Inc Sr Unsecured 03/28 5.75 | 0.67% |
| 22 | — | Trinitas Clo Ltd Trnts 2021 16A A1R2 144A | 0.66% |
| 23 | — | Bank of America Corp Sr Unsecured 07/28 Var | 0.66% |
| 24 | — | Constellation Brands Inc | 0.66% |
| 25 | — | JPY261124 | 0.65% |
| 26 | — | Treasury Bill 11/26 0.00000 | 0.65% |
| 27 | — | Japan Treasury Disc Bill Bills 11/26 0.00000 | 0.64% |
| 28 | — | Keurig Dr Pepper Inc Company Guar 05/28 4.35 | 0.64% |
| 29 | — | Invesco Clo Ltd Invco 2021 1A A1R 144A | 0.60% |
| 30 | — | Western Midstream Oper | 0.60% |

Source: etf.net, https://etf.net/etf/TBUX. Please cite the page URL.