Chart for TOTR, BOND, FBND, TOTL using new M* Investor Interactive Charts (1-yr charts start at TOTR inception). Stockcharts doesn't recognize TOTR yet.

New funds do seem to draw a significant amount of attention. What else makes TOTR attractive?
Looking for a short term bounce? It's down a bit more than average YTD for its category (13% vs 11½%), but not enough to call it out.
Dividends? If one is looking for a bounce, wouldn't it be better to keep the money in the fund than to take the div distributions? (Disclaimer: My personal preference is to focus on total return: what does it profit a man if he should gain the income but lose his shirt?)
High turnover per se doesn't spook me in bond funds, though it probably should. Intermediate bond funds seem to be either sedate or frenetic. There are many Intermediate core/core-plus funds with turnovers above 200%. Some topping 400% include funds from Blackrock (BCBAX, MDHQX), MetWest (MWTRX), TCW (TGFNX, TGMNX), even Vanguard (VCOBX).
I don't put much stock in M*'s analyst ratings, and even less in their computer-generated ones. FWIW, there are other rating services (which might not be any better). FactSet focuses on ETFs, and gives TOTR a 'C' rating (on an A-F scale). Recognia does technical analysis and rates TOTR weak in the short term and neutral in the intermediate and long term. (A security may be rated weak, neutral, or strong.)
To the extent that TOTR is a clone of PTKIX, one could look at that fund's ratings (3* for the past three years).
Here's a piece written a year ago by the fund managers (plus the manager of TRBUX) entitled Navigating the Challenge of Rising Rates. Given the slightly longer than average duration of TOTR, it is interesting to read:

While intermediate- and longer-maturity Treasury yields have been increasing, it is important to keep in mind that our flexible multi-sector approach to managing the Total Return and Ultra Short-Term Bond Funds has allowed us to shorten relative duration and take advantage of relative value among sectors to help offset some of the negative price effects of rising rates

https://www.troweprice.com/content/dam/trp-ecl/global/en/ipc/assets/us-retail-intermediary/2021/april/navigating-the-challenge-of-rising-rates-id0004166/Navigating-the-Challenge-of-Rising-Rates.pdf

High income. I didn't see it on Yahoo finance; 19% yield on Simplify's website. Probably not sustainable but it made me look twice.

TCHP. Did you see the P/E on that bugger??????? 31+

Owning things like Microsoft, Apple, META and Tesla will cause a high P/E. I compared TCHP to a RYT, a popular Invesco Tech

ETF, and the P/E is similar. Of course DCA’ng in gradually during a falling equity market is different than buying all at once. And, since the fund doesn’t disclose holdings for 15 days, those P/Es have come down some.
BTW, I wouldn’t recommend TCHP or anything else I might own or contemplate to anyone else.

*****Gotcha.

Hank, What is the name of the app you are using. Link doesn't work for me and a search on the Apple app store brings up a few to many.

Yep. There are dozens. Most are awful. Must have tried about 10 different ones over the years. I pasted the tracker’s symbol below.
Full name: “Portfolio Trader Stock Tracker”

Only runs on IOS (not windows). One cool thing is you can download the app to different IOS devices and set it to automatically sync your data across all of them.
The worst aspect is it takes a lot of time to figure out. (I use the “trial & error” method.) So it’s probably only appealing to people who take tracking / model portfolios seriously. There is, however, an embedded link to support and they got back with a helpful answer to my one submitted question in under 24 hours.
Minor issues: I haven’t figured out their symbol for Cash, so just plugged in SPAXX which works fine for me.
Edit: Real time quotes (stocks or ETFs) during trading hours? Appears “spotty” in this regard. But I do use another tracker that provides excellent real time quotes - so it’s not a game stopper for me.

How is DK doing ?

LOL / DKNG is alive & well. After exiting and eating a small loss few weeks ago, got back in at under $12 last week. Slightly ahead now. Just play money. If it would start going up, I’d hang on a long while. Kinda like betting on horses. The really “dark” ones usually pay more. In a sense, it’s government supported gambling (being inside a Roth IRA). Unlike regular gambling, winnings are tax free.
Look at the bright side. Don’t own crypto.
Happy investing @Derf

SVOL of interest to anyone?

A new fund without much of a track record, SVOL has lost 12% YTD, and 5% over the past year.
Why would anyone be interested? What am I missing?
Fred

Mike, In your experience buying CDs at Schwab, have you been "docked" in any way for the "float" that Yogi is referencing?

@dtconroe, no, I don't believe I've ever been "docked" anything for purchasing CD's through Schwab. I understand the talk about the hold time between purchase and settlement, but I'm finding a lot of this worrisome discussion humorous. I should be worried that Schwab is making a few pennies on my money during settlement when my accounts drop $7000-$10,000 in a day during this down turn? :) Come on, Schwab is a publicly owned business. They exist to make money!

Mike, those are my sentiments as well. Transitioning from a "liquid" cash holding, to an illiquid CD holding, involves some inefficiency, but that inefficiency is pretty insignificant in my personal situation. As far as Schwab making some money, through this inefficiency, is not a concern of mine.

TCHP. Did you see the P/E on that bugger??????? 31+

Owning things like Microsoft, Apple, META and Tesla will cause a high P/E. I compared TCHP to a RYT, a popular Invesco Tech ETF, and the P/E is similar. Of course DCA’ng in gradually during a falling equity market is different than buying all at once. And, since the fund doesn’t disclose holdings for 15 days, those P/Es have come down some.
BTW, I wouldn’t recommend TCHP or anything else I might own or contemplate to anyone else.

@Derf, current Barron's (see Part 2 elsewhere) is favorable on several publicly listed asset managers. JHG and SCHW didn't make the list; SCHW is more a combo broker-dealer-asset-manager. Fido and Vanguard are private.
BULLISH. Asset manager stocks (AB (65% owned by EQH), BLK, BEN, IVZ, TROW; sharp selloff; attractive yields and valuations; pg 15).

Mike, In your experience buying CDs at Schwab, have you been "docked" in any way for the "float" that Yogi is referencing?

@dtconroe, no, I don't believe I've ever been "docked" anything for purchasing CD's through Schwab. I understand the talk about the hold time between purchase and settlement, but I'm finding a lot of this worrisome discussion humorous. I should be worried that Schwab is making a few pennies on my money during settlement when my accounts drop $7000-$10,000 in a day during this down turn? :) Come on, Schwab is a publicly owned business. They exist to make money!

TOTR is a newer ( < 1 yr) active core-plus bond ETF from Price. Gold-Q rating is computer generated; normal M* ratings are after 3 yrs.
Competition includes Pimco BOND, Fido FBND, DoubleLine TOTL, etc (all active core-plus ETFs).

true. The advantages I see are the divs, plus a 13 percent discount, not to fair value, but to share price, compared to jan 1st. it has lost 13 percent ytd, but not me---not in that fund. there is an OEF version, too. DURATION: yes, a negative. 40 percent in top 10, too. concentrated. The OEF shows TURNOVER at 458 percent!!!!! Whoa. It would be for the IRA account, anyhow. I can continue to track it. Along with @hank, I'll be watching equities on Tues, and see if they hold up to what the Futures are showing just now, at almost 4:00 a.m. in the East.

TCHP. Did you see the P/E on that bugger??????? 31+

Let’s frame the question differently. If you had bought 100 grand of it on Dec 31, 2021 how would you feel today? It’s not cheap,,, it’s leveraged and it’s duration is problematic in these times. And it’s trailing my grandson’s piggy bank by how much YTD?

....And who will steer me away from putting money into Total Return ETF right about now? Dividends look healthy. Performance = down -13% ytd. How low will it go? For what it's worth, M* rates it gold, but with no stars yet: too young. Would you call this "Core-Plus?"
https://www.troweprice.com/personal-investing/tools/fund-research/etf/TOTR

+1

Not a website. But $1.99 a month gets you a fantastic tracker if you use IOS devices. I’d guess I’ve spent about 6 hours over the weekend mostly just learning my way around - plus setting up multiple portfolios. One emailed question to support was promptly answered, Not the easiest to learn, but has unbelievable functiinality (like automatically designing a pie-chart of each portfolio you enter). Amazing.
Here’s what I added to my previous post above:
“Footnote: I am thrilled with the “Portfolio Trader” app from Apple’s App Store. Beautiful layout and functionality compared to the M* tracker. Like driving a modern Ferrari compared to an old mini-van. Unfortunately, it takes a few hours to sort it all out. But at $2 monthly, they’re giving it away. And - yes. There is capability to import or export data for those who wish to do so. I need to follow it for a week to make sure the daily quotes are timely and correct. Currently they are spot-on.”
Link to above tracker: https://apps.apple.com/us/app/portfolio-trader-stock-tracker/id581430942
Here’s an Article purporting to describe “The 12 Best Stock Portfolio Trackers”.

Fed speeches over the weekend -
Gov. Waller -
https://www.reuters.com/business/finance/feds-waller-wants-another-75-basis-point-hike-all-in-inflation-fight-2022-06-18/
Pres. Bullard -
https://www.reuters.com/markets/us/feds-bullard-i-hope-us-economy-repeats-outcome-1994s-soft-landing-2022-06-20/

"there are few viable alternatives."

Well, the returns are not going to be great, but at least safety is guaranteed with the establishment of a CD ladder using CDs offered by FIDC insured banks. The concurrent "10-Year CDs @ 4%" thread discusses some of the aspects of purchasing brokered CDs.