TCAF vs. DEMZ ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to DEMZ Political Contributions ETF (DEMZ)

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

$33.89

Average Daily Volume

565,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DEMZ

DEMZ Political Contributions ETF

DEMZ Description

The investment seeks to track the total return performance, before fees and expenses, of the DEMZ Political Contribution Index. The index is a subset of the S&P 500® Index designed to provide exposure to companies that make political contributions to Democratic Party candidates and political action committees above a certain threshold. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities included in the index.

Grade (RS Rating)

Last Trade

$36.91

Average Daily Volume

2,834

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	DEMZ
30 Days	1.74%	3.04%
60 Days	2.92%	3.77%
90 Days	3.99%	4.32%
12 Months	28.41%	29.35%

18 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in DEMZ	Overlap
AAPL	C	5.34%	4.82%	4.82%
ADSK	A	0.95%	1.44%	0.95%
AMD	F	1.02%	1.1%	1.02%
AMT	D	0.7%	1.57%	0.7%
APH	A	0.04%	3.8%	0.04%
CDNS	B	0.12%	1.08%	0.12%
CRM	B	1.63%	1.61%	1.61%
DHR	F	2.63%	2.11%	2.11%
DIS	B	0.14%	2.74%	0.14%
GOOGL	C	3.12%	2.48%	2.48%
KLAC	D	0.12%	1.88%	0.12%
LRCX	F	0.32%	1.41%	0.32%
META	D	2.3%	3.68%	2.3%
MSCI	C	0.14%	1.3%	0.14%
MSFT	F	8.23%	4.51%	4.51%
NVDA	C	6.12%	5.56%	5.56%
SYK	C	0.15%	2.01%	0.15%
VLTO	D	1.49%	0.91%	0.91%

TCAF Overweight 75 Positions Relative to DEMZ

Symbol	Grade	Weight
AMZN	C	4.51%
UNH	C	2.95%
FTV	C	2.71%
BDX	F	2.48%
RVTY	F	2.44%
AEE	A	1.91%
ROP	B	1.74%
PTC	A	1.67%
WCN	A	1.64%
INTU	C	1.55%
MA	C	1.53%
LLY	F	1.5%
CNP	B	1.49%
RTX	C	1.47%
V	A	1.44%
AVGO	D	1.39%
DTE	C	1.31%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
IR	B	1.19%
NOC	D	1.18%
NI	A	1.09%
ICE	C	1.06%
MCK	B	1.05%
YUM	B	1.04%
MMC	B	0.98%
TMO	F	0.93%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	D	0.67%
AJG	B	0.62%
HUM	C	0.55%
SBAC	D	0.55%
GEHC	F	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
KKR	A	0.49%
KDP	D	0.46%
RSG	A	0.44%
AUR	C	0.41%
SBUX	A	0.38%
NKE	D	0.36%
EXC	C	0.34%
BKNG	A	0.34%
IEX	B	0.33%
ANSS	B	0.32%
CSX	B	0.28%
MAR	B	0.28%
ARGX	A	0.26%
DLTR	F	0.25%
ACN	C	0.25%
CME	A	0.24%
WTW	B	0.21%
AME	A	0.2%
MS	A	0.2%
SPGI	C	0.2%
CMG	B	0.16%
SLB	C	0.15%
LNT	A	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
GS	A	0.1%
PNC	B	0.1%
BA	F	0.09%
TYL	B	0.06%
TT	A	0.05%

TCAF Underweight 32 Positions Relative to DEMZ

Symbol	Grade	Weight
L	A	-5.08%
COST	B	-4.86%
IBM	C	-3.56%
ADP	B	-2.63%
CL	D	-2.24%
GOOG	C	-2.21%
BWA	D	-2.08%
KIM	A	-2.0%
EG	C	-1.86%
XYL	D	-1.8%
AVY	D	-1.77%
NOW	A	-1.69%
PAYX	C	-1.56%
KMB	D	-1.55%
OMC	C	-1.5%
NFLX	A	-1.44%
RL	B	-1.43%
A	D	-1.41%
ROST	C	-1.32%
ANET	C	-1.32%
NDSN	B	-1.24%
MCO	B	-1.19%
TPR	B	-1.16%
SNPS	B	-1.09%
EA	A	-1.07%
IT	C	-1.04%
ULTA	F	-0.98%
KMX	B	-0.97%
HSIC	B	-0.95%
HRL	D	-0.92%
ADBE	C	-0.87%
CDW	F	-0.81%