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T. Rowe Price Floating Rate ETF
TFLR (T. Rowe Price Floating Rate ETF) is an active Fixed Income ETF by T.. With a 0.61% MER, it provides diversified exposure through 290 holdings. Monthly distribution with a 7.03% yield.
TFLR is actively managed by T.'s investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.61% MER, its fees are in line with category averages. It pays a monthly distribution with a 7.03% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.