T. Rowe Price Floating Rate ETF
$50.87−0.05 (−0.11%)
- Expense ratio
- 0.61%
- Fund size
- $829M
- 1Y return
- +5.0%
- Yield · Last 12 months
- 6.57%
- Holdings
- 331
- Volume · 30D
- 0.1M sh
- NAV per share
- $50.70
- 52W range
The ETF.net TFLR Grade
Score 31 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 19Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 6Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 48Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 44Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on TFLR
DA floating-rate outlier in a fixed-coupon crowd. T. Rowe's bank-loan ETF keeps at least 80% of net assets in loans and debt whose coupons reset with short-term rates, most of it below investment grade.
The fund seeks high current income and, secondarily, capital appreciation.
Why people hold it
- Coupons float. At least 80% of net assets sit in floating rate loans and debt, so income resets with short-term rates rather than locking to a fixed coupon.
- No declared index to follow. T. Rowe's own credit calls set the book, spread across roughly 300 positions.
- Pays monthly, and the mandate is blunt about the job: high current income first, capital appreciation second.
Worth knowing
- The 0.61% fee runs above the 0.40% median for its high-yield cohort, and index rivals like SCYB and SPHY charge a small fraction of it.
- Most loans held are below investment grade or unrated, so borrower credit, not interest rates, is the main risk being taken.
- Monthly distributions can include return of capital, disclosed in the fund's own documents. That portion is your money coming back, not earnings.
TFLR Holdings
- Bonds
- 331
- 17%
- Cash/Cash equivalent USD
TFLR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TFLR |
|---|---|
| Year to date | +3.4% |
| 1 month | +0.9% |
| 3 months | +1.9% |
| 1 year | +5.0% |
| 3 years | +7.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TFLR |
|---|---|---|
| 2026 YTD | +3.4% | |
| 2025 | +6.6% | |
| 2024 | +8.8% | |
| 2023 | +12.1% | |
| 2022 | +0.0% |
TFLR in the news
ETF.net Research hasn’t filed on TFLR yet — coverage lands here as it’s written.
TFLR Dividends
- 6.57%
- $3.35
- $0.27 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 28, 2026 | $0.27 |
| Jul 28, 2026 | Jul 30, 2026 | $0.27 |
| Jun 25, 2026 | Jun 29, 2026 | $0.26 |
| May 26, 2026 | May 28, 2026 | $0.27 |
| Apr 27, 2026 | Apr 29, 2026 | $0.27 |
| Mar 26, 2026 | Mar 30, 2026 | $0.29 |
| Feb 24, 2026 | Feb 26, 2026 | $0.26 |
| Jan 27, 2026 | Jan 29, 2026 | $0.27 |
| Dec 23, 2025 | Dec 26, 2025 | $0.28 |
| Nov 24, 2025 | Nov 26, 2025 | $0.30 |
| Oct 28, 2025 | Oct 30, 2025 | $0.30 |
| Sep 25, 2025 | Sep 29, 2025 | $0.31 |
TFLR Risk
- 2.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TFLR Cost
- The middle half of US High Yield funds
- Median 0.43%
67 of the 84 US High Yield funds charge less.