Discover T. Rowe Price ETFs
A new way to access the expert portfolio managers and strategies behind our mutual funds
You can have the trading control and potential tax advantages of an ETF — including no investment minimums — as well as the same benefits you get with our respected lineup of low-cost, active mutual funds:
Rigorous research from over 425 investment professionals who go into the field to see firsthand how companies are performing.1
Experienced fund managers who have weathered all market conditions.
Forward-looking management that carefully balances risk and seeks to maximize value for our clients over the long term.
What is an ETF?
An ETF is a fund that trades like a stock.
ETFs have prices that change throughout the day as shares are bought and sold.
ETFs are traded through brokers via an exchange.
ETFs have traditionally been considered “passive,” but active ETFs are now entering the market.
Consider the role our ETFs could play in your portfolio.
T. Rowe Price ETFs follow the strategic investing approach that's been our hallmark for over 80 years, while offering investors increased trading control with no investment minimums. With access to T. Rowe Price's active strategies, our ETFs can be a compliment to investments that you may already hold.
You can easily buy or sell your shares whenever you’d like. There are no investment minimums for ETFs, so it’s easy to get started.
T. Rowe Price ETF management fees are comparable to our similarly managed low-cost mutual funds. Through our brokerage platform, you can buy our ETFs commission-free.
Potential tax benefits
The structure of ETFs can reduce the impact of capital gains distributions relative to other investment vehicles.
T. Rowe Price ETFs
These ETFs are different from traditional ETFs.
Traditional ETFs tell the public what assets they hold each day. These ETFs 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. These ETFs 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 these ETFs compared to other ETFs because it provides less information to traders.
These additional risks may be even greater in bad or uncertain market conditions.
These ETFs will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETFs. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.
The differences between these ETFs and other ETFs may also have advantages. By keeping certain information about the ETF secret, these ETFs 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 these ETFs, see the fund's prospectus.
How to buy T. Rowe Price ETFs
You’ll need to use a brokerage account to buy T. Rowe Price ETFs. Through our brokerage platform, you can buy our ETFs commission-free.
Open a T. Rowe Price Brokerage Account
It takes only about 10 minutes to open a new T. Rowe Price brokerage account. Within a day or two, your account will be ready for trading. Then you can place a buy order for T. Rowe Price ETFs within your brokerage account.
1Investment professionals as of 12/31/2019. This figure represents all investment professionals across T. Rowe Price, and is not specific to ETFs.
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.
These 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 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. The ETF’s daily Proxy Portfolio, Portfolio Overlap and other tracking data are available within the Resource section of each individual ETF fund detail page.
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.