TBUX – T. Rowe Price Ultra Short-Term Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of income consistent with low volatility of principal value. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. The fund invests in a diversified portfolio of shorter-term investment-grade fixed income securities, including corporate, government, mortgage- and asset-backed securities, municipal securities, money market securities and bank obligations, and securities of foreign issuers.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TBUX	T. Rowe Price Ultra Short-Term Bond ETF	ETF	Open			Sep 28, 2021	$1.78B	0.170%	—	—	$1.06B

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