TFLR – T. Rowe Price Floating Rate ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks high current income and, secondarily, capital appreciation. The fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and floating rate debt securities. Most assets are typically invested in U.S. dollar-denominated floating rate loans and debt instruments, including U.S. dollar-denominated bonds or loans of foreign issuers or lenders. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated investments.

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
TFLR	T. Rowe Price Floating Rate ETF	ETF	Open			Nov 16, 2022	$854.05M	0.610%	—	—	$452.28M

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