T. Rowe Price Floating Rate ETF (TFLR)
TFLR is an actively managed ETF by T. Rowe Price. TFLR launched on Nov 16, 2022 and has a 0.60% expense ratio.
ETF Info
| ISIN | US87283Q8832 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Nov 16, 2022 |
| Region | North America (U.S.) |
| Category | Bank Loan |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
TFLR features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TFLR vs. CLOZ, TFLR vs. FIQSX, TFLR vs. BBBIX, TFLR vs. JPLD, TFLR vs. VCIT, TFLR vs. FLTR, TFLR vs. ICLO, TFLR vs. PFRL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Floating Rate ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Floating Rate ETF had a return of 7.61% year-to-date (YTD) and 10.35% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.61% | 25.82% |
| 1 month | 0.84% | 3.20% |
| 6 months | 3.98% | 14.94% |
| 1 year | 10.35% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of TFLR, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.62% | 0.94% | 0.71% | 0.65% | 0.75% | 0.43% | 0.95% | 0.59% | 0.67% | 0.61% | 7.61% | ||
| 2023 | 2.64% | 0.21% | 0.19% | 0.78% | -0.13% | 1.99% | 1.13% | 1.03% | 0.22% | -0.30% | 2.09% | 1.63% | 12.05% |
| 2022 | -0.36% | -0.04% | -0.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TFLR is 98, placing it in the top 2% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Floating Rate ETF provided a 8.24% dividend yield over the last twelve months, with an annual payout of $4.27 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $4.27 | $4.00 | $0.29 |
Dividend yield | 8.24% | 7.76% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Floating Rate ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.37 | $0.34 | $0.36 | $0.35 | $0.36 | $0.35 | $0.36 | $0.35 | $0.34 | $0.33 | $0.00 | $3.51 | |
| 2023 | $0.31 | $0.32 | $0.33 | $0.33 | $0.34 | $0.32 | $0.26 | $0.27 | $0.39 | $0.38 | $0.36 | $0.40 | $4.00 |
| 2022 | $0.02 | $0.27 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Floating Rate ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Floating Rate ETF was 1.48%, occurring on Mar 17, 2023. Recovery took 13 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.48% | Mar 9, 2023 | 7 | Mar 17, 2023 | 13 | Apr 5, 2023 | 20 |
| -1.05% | Aug 1, 2024 | 3 | Aug 5, 2024 | 14 | Aug 23, 2024 | 17 |
| -0.97% | Nov 18, 2022 | 6 | Nov 28, 2022 | 25 | Jan 4, 2023 | 31 |
| -0.81% | Sep 15, 2023 | 16 | Oct 6, 2023 | 19 | Nov 2, 2023 | 35 |
| -0.62% | Jun 14, 2024 | 1 | Jun 14, 2024 | 1 | Jun 17, 2024 | 2 |
Volatility
Volatility Chart
The current T. Rowe Price Floating Rate ETF volatility is 0.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.