TBUX

T. Rowe Price Ultra Short-Term Bond ETF

$49.91

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The T. Rowe Price Ultra Short-Term Bond ETF (TBUX) seeks to provide a high level of current income consistent with preservation of capital.

Overview

ETF tracking T. Rowe Price Ultra Short-Term Bond ETF

Category Inverse

Issuer Other

Inception Date 2021-09-29

Market Cap $641.3M

Average Volume N/A

Dividend Yield 3.82%

52-Week Range $49.52 - $50.02

VWAP $49.90

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The T. Rowe Price Ultra Short-Term Bond ETF (TBUX) seeks to provide a high level of current income consistent with preservation of capital.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of short-term, investment-grade fixed income securities, including U.S. government and agency securities, corporate bonds, and asset-backed securities. The fund maintains a dollar-weighted average maturity of 1 year or less.

✨ Key Features

Focuses on high-quality, short-term fixed income securities to generate current income
Maintains a very short duration to limit interest rate risk
Seeks to provide stability and capital preservation
Actively managed by T. Rowe Price's fixed income team

⚠️ Primary Risks

Interest rate risk: The fund's share price and yield will be affected by changes in interest rates
Credit risk: The fund is subject to the risk that a bond issuer will fail to pay interest or principal in a timely manner
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
Active management risk: The fund's performance could trail that of the overall bond market if the manager's investment decisions are not successful

👤 Best For

The T. Rowe Price Ultra Short-Term Bond ETF may be suitable for investors seeking current income and capital preservation, with a low tolerance for risk and a short-term investment horizon. It can serve as a cash management or conservative fixed income allocation within a diversified portfolio.