T. Rowe Price Total Return ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Feb 28, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About TOTR
Thefund invests in a diversified portfolio of bonds and other debt instruments. The fund has considerable flexibility in seekingstrong returns and its portfolio is constructed with a goal of being able to respond to a wide variety of market conditions. Thefund’s investments typically include, but are not limited to, debt instruments issued by the U.S. government and its agencies(such as U.S. Treasury securities), corporate bonds, bank loans (which represent an interest in amounts owed by a borrower toa syndicate of lenders), and various types of mortgage-backed and asset-backed securities. The fund may invest up to 35% of itsnet assets in corporate bonds and other debt instruments that are rated below investment grade (below BBB, or an equivalent rating),commonly known as “high yield” or “junk” bonds, by each of the credit rating agencies that have assigneda rating to the security or, if unrated, deemed by the adviser to be below investment grade. The fund may purchase securitiesof any credit rating, including distressed and defaulted securities. If a holding is split rated (i.e., rated investment gradeby at least one credit rating agency and below investment grade by another credit rating agency), the higher rating will be usedfor purposes of this requirement. Thefund may invest in securities issued by both U.S. and non-U.S. issuers, including issuers in emerging market countries. Up to20% of the fund’s net assets can be invested in non-U.S. dollar-denominated holdings, and there is no limit on the fund’sinvestments in U.S. dollar-denominated securities of foreign issuers, including issuers in emerging markets. The fund relies ona classification by an unaffiliated third-party data provider to determine which countries are emerging markets. The fund mayalso gain exposure to currencies through derivative instruments without holding any bonds or other securities denominated in thoseparticular currencies. Thefund may purchase securities of any maturity and there are no overall maturity restrictions for the portfolio. The fund’sweighted average maturity and duration will generally shift in response to current interest rates and expected interest rate changes. Thefund may use a variety of derivatives, such as futures, forwards, and swaps for a number of purposes, such as for exposure orhedging. Specifically, the fund uses interest rate futures, interest rate swaps, interest rate swaptions, forward currency exchangecontracts, currency options, inflation swaps, equity options, credit default swaps, credit default swaps indexes (CDX), indexfutures, and mortgage-backed securities on a delayed delivery or forward commitment basis through the “to-be-announced”(TBA) market as a means of adjusting the fund’s duration and gaining exposure to investment-grade bonds. Thefund buys or sells credit default swaps in order to generate returns, adjust the fund’s overall credit quality, or protectthe value of certain portfolio holdings, as well as to profit from expected deterioration in the credit quality of an issuer orthe widening of credit spreads. A CDX is a swap on an index of credit default swaps. CDXs allow the fund to manage credit riskor take a position on a basket of credit entities (such as credit default swaps or a reference index) rather than transactingin a single-name credit default swap. Interest rate futures and interest rate swaps are primarily used to manage the fund’sexposure to interest rate changes and limit overall volatility by adjusting the portfolio’s duration and extending or shorteningthe overall maturity of the fund. Equity options, which include options on single-name securities and equity indices, are primarilyused to create or hedge equity exposure. Interest rate swaptions would typically be used to manage the fund’s exposure tointerest rate changes or to adjust portfolio duration. Forward currency exchange contracts may be used to limit overall volatilityby protecting the fund’s non-U.S. dollar-denominated holdings from adverse currency movements relative to the U.S. dollaror to generate returns by gaining long or short exposure to certain currencies expected to increase or decrease in value relativeto other currencies. Currency options are primarily used in an effort to take advantage of currencies that are expected to appreciatein value. Index futures are typically used as an efficient means of gaining exposure to a particular segment of the market, aswell as to serve as a cash management tool and to enhance the fund’s returns. Inflation swaps, which are tied to a designatedinflation index such as the Consumer Price Index (CPI), are typically used to manage the fund’s inflation risk. Thefund may also purchase or sell mortgage-backed securities on a delayed delivery or forward commitment basis through the “to-be-announced”(TBA) market. With TBA transactions, the particular securities to be delivered are not identified at the trade date, but the deliveredsecurities must meet specified terms and standards. The fund will generally enter into TBA transactions with the intention oftaking possession of the underlying mortgage-backed securities. However, in an effort to obtain underlying mortgage-backed securitieson more preferable terms or to enhance returns, the fund may extend the settlement by entering into “dollar roll”transactions in which the fund sells mortgage-backed securities to a dealer and simultaneously agrees to purchase substantiallysimilar securities in the future at a predetermined price. The fund also expects to engage in short sales of TBA mortgages, includingshort sales on TBA mortgages the fund does not own, to potentially enhance returns or manage risk. Whendeciding whether to adjust allocations among the various types of securities in which the fund may invest, the adviser weighssuch factors as the outlook for inflation and the economy, expected interest rate movements, credit conditions, and the yieldadvantage that lower-rated bonds may offer over investment-grade bonds. Whenthere is a large yield difference between the various quality levels and the outlook warrants, the fund may move down the creditscale and purchase lower-rated bonds with higher yields, such as junk bonds and emerging market bonds. When the difference issmall or the outlook warrants, the fund may concentrate investments in higher-rated issues, such as Treasury securities.
TOTR News
- (TOTR) Movement Within Algorithmic Entry Frameworks
- How (TOTR) Movements Inform Risk Allocation Models
- Trading Systems Reacting to (TOTR) Volatility
- Trading Systems Reacting to (TOTR) Volatility
- How T. Rowe Price Total Return Etf (TOTR) Affects Rotational Strategy Timing
- Short Interest in T. Rowe Price Total Return ETF (NYSEARCA:TOTR) Decreases By 92.3%
- (TOTR) and the Role of Price-Sensitive Allocations
- T. Rowe Price Total Return ETF (NYSEARCA:TOTR) Sees Large Decline in Short Interest
Data for TOTR is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.