T. Rowe Price exchange-traded funds (ETFs)
Curiosity can lead you out of upended markets
Backed by curiosity and designed to seek index outperformance, our active ETFs are here to deliver. Get to know how our rigorous research, independent thinking, and experience combine to help you feel more confident in a financial world that seems upended.
Consider active ETFs your opportunity to outperform the index
Our active management approach helps you seize the moment, more often. With convenience, cost effectiveness, and tax efficiency, our ETFs are agile enough to adapt to changing markets. And that gives you the edge to pursue better long-term returns compared to an index.
While some see a financial world upended, we see opportunity.
At T. Rowe Price, curiosity drives our analysts and portfolio managers to ask questions others don’t.
It’s why our active ETFs can make the most of an unpredictable market and are ready for whatever’s down the road.
Active ETFs from T. Rowe Price, invest with confidence.
Active ETFs
Meet diverse client needs with a wide selection of equity and fixed income ETFs.
TCAF
Capital Appreciation Equity ETF
Large Blend
TCAL
Capital Appreciation Premium Income ETF
Derivative Income
TCHP
Blue Chip Growth ETF*
Large Growth
TDVG
Dividend Growth ETF*
Large Blend
TEQI
Equity Income ETF*
Large Value
TGRT
Growth ETF
Large Growth
TGRW
Growth Stock ETF*
Large Growth
THEQ
Hedged Equity ETF
Hedged Equity
TMSL
Small-Mid Cap ETF
Small/Mid Blend
TSPA
U.S. Equity Research ETF*
Large Blend
TVAL
Value ETF
Large Value
See our full ETF list—including performance
*This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:
- You may have to pay more money to trade the ETF's shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
- The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
- These additional risks may be even greater in bad or uncertain market conditions.
- The ETF will publish on its website each day a "Proxy Portfolio" designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF's holdings, it is not the ETF's actual portfolio.
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF's performance. If other traders are able to copy or predict the ETF's investment strategy, however, this may hurt the ETF's performance.
For additional information regarding the unique attributes and risks of the ETF, see the prospectus.
TGLB
Global Equity ETF
Global Large Blend
TIER
International Equity Research ETF
Foreign Large Blend
TOUS
International Equity ETF
Foreign Large Blend
See our full ETF list—including performance
TFNS
Financials ETF
Financial
TMED
Health Care ETF
Health Care
TTEQ
Technology ETF
Technology
TURF
Natural Resources ETF
Natural Resources
See our full ETF list—including performance
TAGG
QM U.S. Bond ETF
Intermediate Core
TBUX
Ultra Short-Term Bond ETF
Ultrashort
TFLR
Floating Rate ETF
Bank Loan
THYF
U.S. High Yield ETF
High Yield
TMSF
Multi-Sector Income ETF
Multi-Sector
TOTR
Total Return ETF
Intermediate Core Plus
See our full ETF list—including performance
TAXE
Intermediate Municipal Income ETF
U.S. Municipal Intermediate
THYM
High Income Municipal ETF
U.S. Municipal High Yield
TMNL
Long Municipal Income ETF
U.S. Municipal Long
TMNS
Short Municipal Income ETF
U.S. Municipal Short
See our full ETF list—including performance
Deepen your knowledge
Gain benefits of active management in an ETF
Discover how active ETFs have the potential to outperform.
Are you falling for these six ETF myths?
Debunk common misconceptions about exchange-traded funds.
How active fixed income ETFs have the potential to outperform benchmarks
Explore why many investors are turning to actively managed fixed income ETFs.
Active, independent, expert perspectives
A new active ETF income solution
Discover TCAL, T. Rowe Price's new ETF aiming to maximize income and preserve principal.
How active ETFs can help reduce a portfolio's tax liability
Exchange-traded funds generally have a more favorable structure for tax efficiency than some other investments.
Four reasons to select an actively managed ETF for international equities
Investors seeking exposure to international equities should consider the potential advantages of an actively managed ETF.
Contact us
Important Information
ETFs are bought and sold at market prices, not NAV. Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.
*T. Rowe Price semi-transparent equity ETFs publish a daily Proxy Portfolio, a basket of securities designed to closely track the daily performance of the actual portfolio holdings. While the Proxy Portfolio includes some of the ETFs holdings, it is not the actual portfolio. Daily portfolio statistics will be provided as an indication of the similarities and differences between the Proxy Portfolio and the actual holdings. The Proxy Portfolio and other metrics, including Portfolio Overlap, are intended to provide investors and traders with enough information to encourage transactions that help keep the ETF's market price close to its net asset value (NAV). There is a risk that market prices will differ from the NAV, ETFs trading on the basis of a Proxy Portfolio may trade at a wider bid/ask spread than shares of ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility and, therefore, may cost investors more to trade. Although the ETF seeks to benefit from keeping its portfolio information confidential, others may attempt to use publicly available information to identify the ETF's investment and trading strategy. If successful, these trading practices may have the potential to reduce the efficiency and performance of the ETF.
All investments are subject to market risk, including the possible loss of principal. As with all equity investments, the share price can fall because of weakness in the broad market, a particular industry, or specific holdings. Fixed income investing involves risks including, but not limited to, interest rate risk and credit risk. Active investing may have higher costs than passive investing and may underperform the broad market or passive peers with similar objectives. A fund that focuses its investments in specific industries or sectors is more susceptible to adverse developments affecting those industries and sectors than a more broadly diversified fund. International investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments.
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