TOTR Fees and Costs — T. Rowe Price Total Return ETF
Data updated: 2026-08-12
The net expense ratio is 0.31%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $45K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 238%.
TOTR Fees and Expenses
Annual operating expenses and sales charges of TOTR. Prospectus, as of July 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
TOTR Costs Over Time
On $10,000 invested in TOTR, assuming 5% a year before costs, total costs come to $202 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $202 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
TOTR 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): 0.0081%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 238%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $22K (0.004% of average net assets)
TOTR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $13K | 29.43% |
| J.P. MORGAN SECURITIES LLC | $10K | 22.34% |
| MORGAN STANLEY & CO. LLC | $10K | 21.97% |
| Citigroup Inc. | $9K | 19.25% |
| BOFA SECURITIES, INC. | $3K | 6.27% |
| Deutsche Bank Securities Inc. | $323 | 0.72% |
| Virtu ITG Hong Kong Limited | $6 | 0.01% |
TOTR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $305.8M | 21.70% |
| GOLDMAN SACHS & CO. LLC | $293.5M | 20.83% |
| MORGAN STANLEY & CO. LLC | $220.3M | 15.63% |
| Citigroup Inc. | $131.7M | 9.35% |
| J.P. MORGAN SECURITIES LLC | $98.8M | 7.01% |
| STONEX FINANCIAL INC. | $98.0M | 6.95% |
| BARCLAYS CAPITAL INC. | $77.6M | 5.51% |
| BOFA SECURITIES, INC. | $63.5M | 4.51% |
| BNP PARIBAS | $61.1M | 4.33% |
| BMO Capital Markets Corp. | $58.9M | 4.18% |
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.