TCAF vs. CZAR ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Themes Natural Monopoly ETF (CZAR)

TCAF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

TCAF Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.13

Average Daily Volume

472,698

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.56

Average Daily Volume

343

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	CZAR
30 Days	3.82%	2.89%
60 Days	8.73%	8.96%
90 Days	4.05%	6.71%
12 Months	34.53%

1 Overlapping Holdings

	Symbol	Grade	Weight in TCAF	Weight in CZAR	Overlap
	FTV	C	2.45%	3.32%	2.45%

TCAF Overweight 9 Positions Relative to CZAR

Symbol	Grade	Weight
MSFT	D	8.01%
NVDA	B	6.14%
AAPL	C	5.47%
AMZN	C	4.28%
GOOGL	B	3.34%
UNH	B	3.04%
DHR	D	2.5%
BDX	C	2.44%
RVTY	C	2.39%

TCAF Underweight 5 Positions Relative to CZAR

Symbol	Grade	Weight
CSCO	A	-3.52%
ADI	B	-3.4%
ADBE	F	-3.27%
META	A	-3.25%
BLK	A	-3.22%