T. Rowe Price Floating Rate ETF

T. Rowe Price Floating Rate ETF is an actively managed fixed income exchange-traded fund designed to provide exposure to floating-rate loans and floating-rate debt securities. T. Rowe Price Floating Rate ETF primarily invests in U.S. dollar-denominated bank loans, with a focus on senior secured loans and other credit instruments that are typically used by borrowers in leveraged financing structures. The fund’s portfolio is built to seek high current income while also allowing for capital appreciation, and it generally maintains broad diversification across many holdings to manage issuer concentration. In addition to floating-rate loans, the fund may allocate a smaller portion of assets to other debt securities, including fixed-rate and non-U.S. dollar instruments. T. Rowe Price Floating Rate ETF is used by investors looking for professionally managed exposure to the bank-loan segment of the fixed income market, where income generation and interest-rate sensitivity are key characteristics.