TFLR Fees and Costs — T. Rowe Price Floating Rate ETF
Data updated: 2026-08-12
The net expense ratio is 0.61%: a 0.59% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 50%.
TFLR Fees and Expenses
Annual operating expenses and sales charges of TFLR. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| 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 |
TFLR Costs Over Time
On $10,000 invested in TFLR, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
TFLR 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $616.5M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
TFLR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $105.2M | 21.46% |
| BOFA SECURITIES, INC. | $90.2M | 18.40% |
| MORGAN STANLEY & CO. LLC | $51.1M | 10.42% |
| BARCLAYS CAPITAL INC. | $46.9M | 9.57% |
| Citigroup Inc. | $45.1M | 9.20% |
| GOLDMAN SACHS & CO. LLC | $37.0M | 7.54% |
| RBC Capital Markets, LLC | $31.4M | 6.41% |
| JEFFERIES LLC | $30.8M | 6.28% |
| WELLS FARGO SECURITIES, LLC | $28.4M | 5.79% |
| UBS AG | $24.2M | 4.93% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.