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Morningstar

T. Rowe Price Ultra Short-Term Bond ETF TBUX

Morningstar Analyst Rating
Quantitative rating as of | See T. Rowe Price Investment Hub

Morningstar’s Analysis TBUX

Will TBUX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TBUX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TBUX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of TBUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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T. Rowe Price Ultra Short-Term Bond ETF’s strong process and parent firm support this strategy's Morningstar Quantitative Rating of Silver. The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TBUX

More TBUX Holdings
  • Current Portfolio Date Dec 31, 2022
  • Equity Holdings 0
  • Bond Holdings 275
  • Other Holdings 38
  • % Assets in Top 10 Holdings −7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash & Cash Equivalents

15.75
8,004,203
Cash and Equivalents

Enterprise Products Operating LLC 0%

1.23
624,684
Cash and Equivalents

United States Treasury Bills 0%

1.08
548,582
Government

DCP Midstream Operating, LP 5.375%

0.92
469,656
Corporate

Sabine Pass Liquefaction, LLC 5.75%

0.89
450,000
Corporate

Crown Castle Inc. 0%

0.88
449,328
Cash and Equivalents

Arrow Electronics, Inc. 0%

0.88
449,186
Cash and Equivalents

Mylan Inc 4.2%

0.88
445,715
Corporate

TARGA RES CORP 0%

0.79
399,811
Cash and Equivalents

Stellantis N.V 5.25%

0.78
397,500
Corporate