T. Rowe Price QM U.S. Bond ETF
TAGG
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1307 Point Street Baltimore MD United States of America 21231
- IPO Date
- Sep 29, 2021
- CIK
- 0001795351
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price QM U.S. Bond ETF (TAGG) is an actively managed exchange-traded fund that seeks total returns exceeding the performance of the U.S. investment-grade bond market, as represented by the Bloomberg U.S. Aggregate Bond Index; it invests primarily in a diversified portfolio of U.S. dollar-denominated investment-grade fixed-income securities, including U.S. Treasury notes and bonds, government agency obligations, mortgage-backed securities, asset-backed securities, corporate bonds, and municipal securities, with intermediate to long-term maturities and broad sector exposure across sovereign (approximately 40%), corporate (26%), and mortgage-backed (24%) assets. The fund, issued by T. Rowe Price Exchange-Traded Funds, Inc. and managed by T. Rowe Price Associates, Inc., employs a quantitative-driven strategy combining risk modeling, fundamental research, and derivatives such as futures to select securities representing key benchmark traits while exploiting inefficiencies for modest outperformance, maintaining at least 80% of net assets in such instruments under normal conditions. With approximately 1,500 holdings, a net expense ratio of 0.08%, and assets under management exceeding $1.4 billion, TAGG targets institutional and individual investors seeking core bond exposure with active management. Launched on September 28, 2021, and domiciled in the United States, the ETF operates within T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, which oversees a suite of 28 active ETFs as of late 2025, including expansions in fixed income such as the November 2025 launches of four new funds: T. Rowe Price Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), High Income Municipal ETF (THYM), and Multi-Sector Income ETF (TMSF). Recent developments include regular monthly dividend distributions, with ex-dividend dates through 2025 such as $0.1605 per share on May 27, 2025, and ongoing portfolio adjustments amid fixed-income market dynamics; T. Rowe Price Group has also introduced Active Core equity ETFs (TACU and TACN) in December 2025, signaling broader ETF lineup growth, though no specific acquisitions, funding rounds, or partnerships directly tied to TAGG have been reported in the past 1-2 years. The fund remains available primarily to U.S. investors via major exchanges like Nasdaq, with geographic focus on U.S. and select non-U.S. dollar-denominated bonds comprising about 6% of assets.