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T. Rowe Price Floating Rate ETF TFLR ETF Analysis

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Morningstar’s Analysis TFLR

Will TFLR 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 TFLR’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TFLR 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 TFLR’s parent organization’s priorities and whether they’re in line with investors’ interests.

This active bank loan ETF brings extensive experience.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

T. Rowe Price Floating Rate ETF’s experienced manager, risk-aware approach, and strong decisions make this a compelling actively managed bank loan ETF option. However, its November 2022 inception is a short period to assess this vehicle on its own. While the ETF is managed in line with the T. Rowe Price Institutional Floating Rate Fund RPIFX. positioning and other risk factors may differ during the ramp up period. As such, the analysis reflects the longer-term history of the open-end fund.

by Paul Olmsted
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