T. Rowe Price Floating Rate ETF
$50.32−0.04 (−0.08%)
- 0.61%
- $862M
- +4.8%
- 6.55%
- 0.1M sh
- $50.24
- low $49.77high $51.71
The ETF.net TFLR Grade
D
Score 31 out of 100
- 74 of 85
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F19 out of 100Rank 69 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F6 out of 100Rank 70 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 8 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 43 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 60 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 30 of 85
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
- 384
- 16%
- 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.
Not enough history yet.Not enough history yet.
TFLR$10,479
Returns run to the Oct 12, 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 | +2.7% |
| 1 month | −0.4% |
| 3 months | +1.0% |
| 1 year | +4.8% |
| 3 years | +7.3% |
| 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 | +2.7% | |
| 2025 | +6.6% | |
| 2024 | +8.8% | |
| 2023 | +12.1% | |
| 2022 | 0.0% |
TFLR in the news
TFLR Dividends
- 6.55%
- $3.30
- $0.26 per share
- Monthly
Distribution history
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.
- 1.20
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
0.61%
TFLR0.61%
- The middle half of US High Yield funds
- Median 0.43%
68 of the 85 US High Yield funds charge less.
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- DCDXSimplify High Yield ETFExpense ratio 0.50%1 year return −2.9%
- DMANIMan Active Income ETFExpense ratio 0.85%1 year return +9.2%
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.4%