T. Rowe Price exchange-traded funds (ETFs)
Add an edge with active ETFs
Designed to seek outperformance over their passive benchmarks, our active ETFs provide flexible, convenient solutions driven by rigorous research, independent thinking, and experienced risk management—all hallmarks of our 85 years of helping clients thrive in the face of change.
Watch: Active ETFs add the opportunity to outperform
Along with convenience, cost effectiveness, and tax efficiency, our ETFs offer agility through our active management approach. This means we can quickly adapt to changing markets and pursue better long-term returns than an index.
There are thousands of exchange-traded funds (ETFs) out there. But most of them are passively managed, which means they simply track the general market or a particular sector.
What if investors could get the key benefits that ETFs offer but with products specifically designed to seek outperformance?
Now, they can! Active ETFs from T. Rowe Price come with the same qualities that have made exchange-traded funds incredibly popular.
- First, they’re convenient, giving investors the flexibility to buy or sell throughout the trading day, and with no minimum investment requirements.
- Second, compared to some investments, costs are streamlined with ETFs because client service, reporting, and other expenses are limited. With fewer expenses, we can help minimize the fees paid by investors.
- And third, they offer tax efficiency, with the ETF structure potentially helping to reduce capital gains distributions that are realized.
However, there’s more to these ETFs. Most ETFs are passively managed, which means they simply track the general market or a particular sector.
T. Rowe Price Active ETFs go beyond the limitations of passive ETFs and are carefully designed to seek outperformance of their benchmarks. Across both equity and fixed income, we draw on our firm’s global reputation for investment management expertise. Our portfolio managers use a forward-looking approach to security selection based on rigorous research and in-depth analysis.
Through sound judgment and prudent risk management, your investments aren’t just left on autopilot. Our portfolio managers use a strategic approach to investing that keeps their eyes on the road ahead.
Active ETFs from T. Rowe Price. The well-known benefits of an ETF, plus our signature skills and expertise that has made us synonymous with strategic investing.
To learn more, visit troweprice.com/ExploreETFs.
Active ETFs
Meet diverse client needs with a wide selection of equity and fixed income ETFs.
TCAF
Capital Appreciation Equity ETF
Large Blend
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
TMSL
Small-Mid Cap ETF
Small/Mid Blend
TOUS
International Equity ETF
Foreign Large Blend
TSPA
U.S. Equity Research ETF*
Large Blend
TVAL
Value ETF
Large Value
*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.
Deepen your knowledge
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Learn about common misconceptions of ETFs.
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Explore why many investors are turning to actively managed fixed income ETFs.
Active, independent, expert perspectives
Why every basis point matters in a core fixed income ETF
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Discover the untapped potential of active small- and mid-cap ETFs
Small- and mid-cap equities offer distinct alpha oportunities. And active ETFs offer access.
Know What You Own: Investors Have More Options Than Ever in Active ETFs
Unlike passive strategies, actively managed ETFs can adapt to changing markets—helping investors stay true to their intended investment style.
Go beyond the indexes with active ETFs. Contact us.
Navigate changing markets with active management.
Access cost-effective strategies with streamlined expenses.
Trade conveniently throughout the day.
Increase opportunities for tax efficiency.
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 equity ETFs based on existing mutual fund strategies 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.
Risk Considerations: All investments are subject to market risk, including the possible loss of principal. Fixed income investing involves risks, including, but not limited to, interest rate risk and credit risk. 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. Active investing may have higher costs than passive investing and may underperform the broad market or passive peers with similar objectives.
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