Exchange-Traded Funds (ETFs)

Professionally managed portfolios with greater trading flexibility.

T. Rowe Price ETFs go beyond the numbers.

Our exchange-traded funds (ETFs) provide access to professionally managed investment strategies with the flexibility to buy or sell throughout the day. T. Rowe Price ETFs follow our time-tested strategic investing approach by going beyond the numbers to identify opportunities for our clients. 

View our ETF Insights here.

Convenience

Similar to stocks, ETFs are able to trade continuously throughout the day. This allows for greater flexibility to buy or sell intra-day without trading frequency limitations or minimum investment amounts imposed by many mutual funds.

Cost Effectiveness

T. Rowe Price ETF management fees are comparable to our similarly managed low-cost mutual funds. In some cases, ETF costs are streamlined with fewer client service, reporting and other expenses.

Tax Efficiency

ETFs have the potential to reduce the impact of capital gains distributions in a client's portfolio relative to some other investment vehicles. ETFs have the potential for less portfolio turnover because they are not affected by the daily transactions caused by investor purchases and redemptions.

T. Rowe Price ETFs follow the same investment philosophy as our time-tested mutual funds, and with the added flexibility to trade throughout the day. We seek consistent performance and increased diversification through our strategic investing approach. Our global team of investment professionals go beyond the numbers every day to evaluate markets and study opportunities. This depth of understanding helps inform better decision-making and prudent risk management for our clients’ portfolios.

Our ETF range

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.

For more information about how we've brought our time-tested equity strategies to ETFs, please read The T. Rowe Price Active ETF Process.

Blue Chip Growth ETF (TCHP)

The fund will normally invest at least 80% of assets in the common stocks of large and medium-sized blue-chip companies that have the potential for above-average earnings growth and are well established in their respective industries. The fund focuses on companies with leading market positions, seasoned management, and strong financial fundamentals.

Growth Stock ETF (TGRW)

The fund will normally invest at least 80% of net assets in the common stocks of a diversified group of growth companies. While it may invest in companies of any market capitalization, the fund generally seeks investments in stocks of large capitalization companies with one or more of the following characteristics: strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and the ability to expand even during times of slow economic growth.

Dividend Growth ETF (TDVG)

The fund will normally invest at least 65% of its total assets in stocks, with an emphasis on stocks that have a strong track record of paying dividends or that are expected to increase their dividends over time. T. Rowe Price believes that a track record of dividend increases is an excellent indicator of financial health and growth prospects, and that over the long term, income can contribute significantly to total return. Dividends can also help reduce the fund's volatility during periods of market turbulence and help offset losses when stock prices are falling. When appropriate, the portfolio manager may attempt to buy stocks when they are temporarily out of favor or undervalued by the market.

Equity Income ETF (TEQI)

The fund normally invests at least 80% of its net assets in common stocks, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued.

U.S. Equity Research ETF (TSPA)

Invests in stocks within each industry based on weightings similar to the S&P 500. A team of industry-focused T. Rowe Price equity analysts is directly responsible for selecting stocks for the Fund.

Our Insights

Blending Quantitative and Fundamental Portfolio Construction Inputs

The sector strategy advisory group (SSAG) model can be helpful in distilling the extensive fundamental and quantitative research from the SSAG into a portfolio construction context.

Active ETFs Designed to Outperform


T. Rowe Price active strategies have a compelling long-term track record. Regardless of the market environment, we seek to deliver strong performance through our research and insight.

  Contact Us

Need help finding the best option for your clients based on their needs? We can help. Call 1-877-561-7670.

Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, call 1-877-561-7670 or select the Prospectus link within each individual ETF details page above. Read it carefully.

This ETF publishes 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 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.

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