TBUX Fees and Costs — T. Rowe Price Ultra Short-Term Bond ETF
Data updated: 2026-08-12
The net expense ratio is 0.17%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $23K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 78%.
TBUX Fees and Expenses
Annual operating expenses and sales charges of TBUX. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TBUX Costs Over Time
On $10,000 invested in TBUX, assuming 5% a year before costs, total costs come to $110 over 5 years, cutting the return by 0.18% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $18 | $60 | $110 |
| Value after costs | $10,482 | $11,516 | $12,653 |
| Impact on return, per year | 0.18% | 0.18% | 0.18% |
TBUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $8.7B
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $6K (0.001% of average net assets)
TBUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $7K | 32.01% |
| Citigroup Inc. | $7K | 31.05% |
| J.P. MORGAN SECURITIES LLC | $4K | 18.33% |
| MORGAN STANLEY & CO. LLC | $2K | 9.80% |
| BOFA SECURITIES, INC. | $2K | 8.81% |
TBUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.3B | 16.85% |
| J.P. MORGAN SECURITIES LLC | $1.3B | 16.04% |
| Citigroup Inc. | $1.2B | 15.13% |
| BARCLAYS CAPITAL INC. | $964.3M | 12.09% |
| WELLS FARGO SECURITIES, LLC | $956.6M | 11.99% |
| MIZUHO SECURITIES USA LLC | $645.8M | 8.10% |
| GOLDMAN SACHS & CO. LLC | $537.3M | 6.74% |
| RBC Capital Markets, LLC | $437.6M | 5.49% |
| Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd. | $356.3M | 4.47% |
| Truist Securities, Inc. | $247.9M | 3.11% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.