T. Rowe Price Ultra Short-Term Bond ETF is an exchange traded fund launched and managed by T. Rowe Price Associates, Inc. The fund invests in fixed income markets of global region. It primarily invests in shorter-term investment-grade corporate and government securities, including mortgage-backed securities, municipal securities, money market securities and bank obligations with average maturities of 1.5 years or less. The fund invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The investment seeks a high level of income consistent with low volatility of principal value. T. Rowe Price Ultra Short-Term Bond ETF is domiciled in the United States.