TAGG ETF — T. Rowe Price QM U.S. Bond ETF

T. Rowe Price QM U.S. Bond ETF (TAGG)

Updated October 16, 2026.

TAGG is a low-cost ETF. its distribution rate is 4.68%, its trailing-12-month yield is 4.63%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is -1.8% over the past 5 years, 89.6 points behind SPY at 87.8%.

T. Rowe Price QM U.S. Bond ETF is an ETF that invests at least 80% of its assets in U.S. investment-grade bonds with intermediate- to long-term maturities, aiming to outperform the Bloomberg U.S. Aggregate Bond Index. The fund distributes monthly with a current distribution rate in the moderate range and carries a low expense ratio of 0.08%. It appeals to income investors seeking regular distributions and broad exposure to the U.S. investment-grade bond market.

TAGG performance versus SPY

Price and return data through 2026-10-16.

Total return is -1.8% over the past 5 years, 89.6 points behind SPY at 87.8%. Over the past year its total return — price change plus distributions reinvested — is -1.5%. Its deepest 1-year drawdown was 5.0%.

TAGG key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

4.54%

Issuer

T. Rowe Price

Asset type

ETF

Asset class

Fixed Income

Inception date

09/28/2021

Expense ratio

0.08%

Distribution rate

4.68%

Distribution frequency

Monthly

Trailing yield

4.63%

Last close

$40.99 (as of 2026-10-16)

AUM

$2,675,423,718

Average volume

133077.0

Dividend

$0.1599

Ex-dividend date

09/25/2026

Payment date

09/29/2026

Beta

1.0

How Dividend Vision calculates yield and returns

Distribution rate (4.68%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.63%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: T. Rowe Price; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TAGG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.0%.

Who may consider TAGG — and who may not

TAGG may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TAGG

• All tickers starting with T

Tagged: Fixed Income.

Frequently asked questions

More securities from T. Rowe Price.