T. Rowe Price Floating Rate ETF (TFLR) Bond Profile
TFLR bond portfolio
Fund statistics as of Oct 24, 2026- Yield to maturity
- 7.32% if bonds are held to maturity
- Effective duration
- 0.54 yrs ≈ 0.5% price change per 1% rate move
- Average maturity
- 5.0 yrs
- Distribution yield
- 6.86% trailing 12 months
- Expense ratio
- 0.59%
- Turnover
- 18% a year
- Net assets
- $863.4M
Interest-rate sensitivity
TFLR has an effective duration of 0.54 years: short-term interest-rate sensitivity. Peer funds are marked below the scale.
Effective duration in years. Short-term funds have a duration under 3 years, long-term funds over 10.
What a rate change would do to TFLR
Estimate for an immediate, parallel move in yields: price change ≈ −duration × rate change; 12-month return adds the 7.32% yield to maturity. Ignores convexity and changes in credit spreads.
TFLR vs other bond ETFs
| ETF | Fund | Duration | Maturity | YTM | Dist. yield | Expense | 1-year return |
|---|---|---|---|---|---|---|---|
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 0.16 | 0.2 | 3.91% | 3.63% | 0.12% | +3.8% |
| TFLR | T. Rowe Price Floating Rate ETF | 0.54 | 5.0 | 7.32% | 6.86% | 0.59% | +3.8% |
| SHY | iShares 1-3 Year Treasury Bond ETF | 1.81 | 1.9 | 4.88% | 3.64% | 0.15% | +1.7% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 3.26 | 5.6 | 7.97% | 6.09% | 0.48% | +1.1% |
| VGIT | Vanguard Intermediate-Term Treasury ETF | 4.70 | 5.3 | 5.36% | 4.06% | 0.04% | −1.2% |
| GOVT | iShares U.S. Treasury Bond ETF | 5.20 | 7.4 | 4.87% | 3.67% | 0.05% | −1.1% |
| IUSB | iShares Core Total USD Bond Market ETF | 5.36 | 7.9 | 5.58% | 4.44% | 0.05% | −0.9% |
| BND | Vanguard Total Bond Market ETF | 5.54 | 7.9 | 5.72% | 4.17% | 0.03% | −1.1% |
| SCHZ | Schwab U.S. Aggregate Bond ETF | 5.76 | 8.3 | 5.64% | 4.44% | 0.02% | −1.1% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 5.79 | 7.9 | 5.33% | 4.30% | 0.03% | −1.1% |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 5.92 | 7.8 | 6.00% | 5.22% | 0.03% | −1.6% |
| TIP | iShares TIPS Bond ETF | 6.00 | 7.3 | 4.86% | 4.80% | 0.18% | −1.0% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 7.06 | 8.7 | 5.08% | 4.18% | 0.14% | −2.8% |
| MUB | iShares National Muni Bond ETF | 7.29 | 12.1 | 4.56% | 3.26% | 0.04% | −0.7% |
| LQD | iShares iBoxx $ Investment Grade Corporate… | 7.79 | 12.8 | 6.48% | 4.68% | 0.14% | −3.5% |
| TLT | iShares 20+ Year Treasury Bond ETF | 14.12 | 24.8 | 5.65% | 5.00% | 0.14% | −6.7% |
Sorted by duration. Longer duration usually pays a higher yield but swings more with interest rates; corporate and high-yield funds add credit risk.
TFLR asset allocation
- Bonds
- 88.1% long positions
- Cash held
- 0.0%
- Net cash
- 0.0% held minus owed
Long positions can add up to more than 100% when the fund buys bonds for later settlement; the short cash line offsets them.
About the TFLR bond portfolio
T. Rowe Price Floating Rate ETF holds a portfolio of bonds. They yield 7.32% to maturity and an average maturity of 5.0 years. With an effective duration of 0.54 years, a one-percentage-point rise in interest rates would lower the fund's price by about 0.5%, and a fall of the same size would raise it by about as much.
Over the next 12 months, rates could rise by about 13.50 percentage points before the price drop would cancel out a year of yield. The worst 12-month return in the fund's price history was +4.0%, and the worst calendar year 2025 (+6.6%).
EODHD does not publish the individual bonds held, so this page uses the fund-level statistics; the full list of bonds is on the issuer's website.
Related: TFLR chart, TFLR performance, TFLR dividends, TFLR overview.
TFLR bond profile FAQ
What is the yield to maturity of TFLR?
The bonds in TFLR have an average yield to maturity of 7.32% as of October 24, 2026. The trailing 12-month distribution yield is 6.86%.
What is the duration of TFLR?
TFLR has an effective duration of 0.54 years and an average maturity of 5.0 years, which makes it a short-term bond fund.
How do interest rates affect TFLR?
With a duration of 0.54 years, TFLR's price falls about 0.5% for every one-percentage-point rise in interest rates and rises about as much when rates fall. Higher rates also raise the yield on new bonds the fund buys.
How much can rates rise before TFLR loses money?
Over 12 months, yields could rise about 13.50 percentage points before the price decline would offset the 7.32% yield, assuming a one-time move (yield to maturity ÷ duration).