BALTIMORE, Sept. 29, 2021 /PRNewswire/ -- T.
Rowe Price (NASDAQ-GS: TROW)
announced today the addition of fixed income exchange-traded funds
(ETFs) to its active ETF roster. Three new T. Rowe Price active fixed income ETFs, including
QM U.S. Bond ETF (Ticker: TAGG), Total Return ETF (Ticker: TOTR),
and Ultra Short-Term Bond ETF (Ticker: TBUX), will be available to
the public beginning today on NYSE Arca, Inc.
The new ETFs are core fixed income strategies that can serve as
building blocks to a client portfolio. Each will be managed by the
same investment team and processes as the mutual fund with a
similar strategy, using the firm's long-standing strategic
investing approach, characterized by rigorous research, risk
awareness, and independent decision making. These new fixed income
ETFs expand T. Rowe Price's total
ETF offerings to eight funds. The other five are equity funds, four
of which launched in August 2020 and
one in June 2021. The firm's lineup
of active ETFs complements its traditional mutual fund offerings
and it delivers key features associated with existing ETFs that
some investors may prefer, including continuous daily trading,
real-time market determined pricing, and tax efficiency.
T. ROWE PRICE ACTIVE FIXED INCOME ETFs
T. Rowe Price QM U.S. Bond ETF (Ticker: TAGG)
- Seeks to provide a total return that exceeds the performance of
the U.S. investment-grade bond market. Uses its modest tracking
error budget to seek to outperform the Bloomberg U.S. Aggregate
Bond Index on a net of fee basis.
- Managed by Robert Larkins, who
has 18 years of investment experience, all at T. Rowe Price.
- Net expense ratio is 0.08%.
T. Rowe Price Total Return ETF (Ticker: TOTR)
- Seeks to maximize total return through income and, secondarily,
capital appreciation. Combines all-weather portfolio construction
techniques with tactical market insights in an effort to generate
income and attractive risk-adjusted returns across market
- Co-managed by Chris Brown, who
has 21 years of investment experience, 16 of which have been at T.
Rowe Price, and Anna Dreyer, who has 12 years of investment
experience, all at T. Rowe
- Net expense ratio is 0.31%.
T. Rowe Price Ultra Short-Term Bond ETF (Ticker:
- Seeks a high level of income consistent with low volatility of
principal value. Intends to provide the high level of income while
minimizing principal volatility through the use of a broadly
diversified portfolio composed of shorter-term government,
investment-grade corporate, and securitized bonds.
- Managed by Alex Obaza, who has
16 years of investment experience, 13 of which have been at T.
- Net expense ratio is 0.17%.
Andy McCormick, Head of Fixed
"These three new offerings will reflect the time-tested and
alpha-seeking approach that characterizes T. Rowe Price's fixed income management. Reinforced
by the best ideas of our global research team and their combined
decades of strategic investing expertise, these core fixed income
strategies present attractive options to investors who prefer the
Tim Coyne, Head of
"With the latest addition of fixed income ETFs to our suite of
active ETF offerings, investors now have access to a wider
selection of T. Rowe Price
investment strategies in whichever product format best fits their
needs. We're pleased to continue to grow our ETF capabilities now
across both the equity and fixed income asset classes with
strategies that have demonstrated success and strong client
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price is a global investment management
organization with $1.68 trillion in
assets under management as of August 31,
2021. The organization provides a broad array of mutual
funds, subadvisory services, and separate account management for
individual and institutional investors, retirement plans, and
financial intermediaries. The organization also offers a variety of
sophisticated investment planning and guidance tools. T.
Rowe Price's disciplined, risk-aware
investment approach focuses on diversification, style consistency,
and fundamental research. For more information, visit
troweprice.com, Twitter, YouTube,
LinkedIn, Instagram, or Facebook.
Consider the investment objectives, risks, and charges and
expenses carefully before investing. For a prospectus or, if
available, a summary prospectus containing this and other
information visit troweprice.com. Read it carefully.
ETFs are bought and sold at market prices, not NAV. Investors
generally incur the cost of the spread between the prices at which
shares are bought and sold. Buying and selling shares may result in
brokerage commissions which will red
All investments are subject to risk, including the possible loss
T. Rowe Price Investment Services, Inc.
SOURCE T. Rowe Price Group, Inc.