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ETFs

T. Rowe Price Floating Rate ETF

TFLR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 16 2022
Expense Ratio
0.61%
Type
US Bonds
Fund Owner
T. Rowe Price
Volume (1m avg. daily)
$175,394
AUM
$106,426,750
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
ULTIMATE SOFTWARE GROUP INC 2021 2ND LIEN TERM LOAN
2.97%
n/a
HUB INTERNATIONAL LIMITED 2023 TERM LOAN B
2.41%
n/a
UFC HOLDINGS LLC 2021 TERM LOAN B
2.03%
n/a
Cash/Cash equivalent
1.82%
n/a
EPICOR SOFTWARE CORPORATION 2020 TERM LOAN
1.67%
n/a
APPLIED SYSTEMS INC 2022 EXTENDED 1ST LIEN TL
1.50%
n/a
AMERICAN AIRLINES INC. 2021 TERM LOAN
1.29%
n/a
CHARTER NEX US INC 2021 TERM LOAN
1.26%
n/a
FILTRATION GROUP CORPORATION 2023 USD TERM LOAN
1.26%
n/a
CDK GLOBAL INC. 2022 USD TERM LOAN B
1.22%
Invest with TFLR

What is TFLR?

The fund will normally invest at least 80 of its net assets including any borrowings for investment purposes in floating rate loans and floating rate debt securities with below investment grade credit ratings Broadly diversified across 125 -150 credit facilities with strict exposure limits to manage risk The loans and debt securities held by the fund are usually considered speculative and involve a greater risk of default and price decline than higher rated bonds This fund could have greater price declines than a fund that invests primarily in high quality bonds or loans

ETFs related toTFLR

ETFs correlated to TFLR include LONZ, BKLN, GAUG

TFLR
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Floating Rate ETF
LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTFLR

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TFLR using Composer

FAQ

TFLR is a US Bonds ETF. The fund will normally invest at least 80 of its net assets including any borrowings for investment purposes in floating rate loans and floating rate debt securities with below investment grade credit ratings Broadly diversified across 125 -150 credit facilities with strict exposure limits to manage risk The loans and debt securities held by the fund are usually considered speculative and involve a greater risk of default and price decline than higher rated bonds This fund could have greater price declines than a fund that invests primarily in high quality bonds or loans

Yes, TFLR is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TFLR is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TFLR is 0.0102%. This is the percent change in the value of TFLR over the most recent 1-month period. The 3-month return on TFLR is 0.0285%. This is the percent change in the value of TFLR over the most recent 3-month period.

ETFs similar to TFLR include IGSB, VCIT, and LQD.

ETFs correlated to TFLR include LONZ, BKLN, and GAUG.

ETFs that are inversely correlated to TFLR include SPXU, SDS, and SH.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.