TCAF vs. FNDF ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Schwab Fundamental International Large Company Index ETF (FNDF)

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

$33.37

Average Daily Volume

541,516

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNDF

Schwab Fundamental International Large Company Index ETF

FNDF Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Developed ex-U.S. Large Company Index. The index selects, ranks, and weights securities by fundamental measures of company size - adjusted sales, retained operating cash flow, and dividends plus buybacks - rather than market capitalization. Under normal circumstances, the fund will invest at least 90% of its net assets in stocks included in the index, including depositary receipts representing securities of the index. It may invest up to 10% of its net assets in securities not included in the index.

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

732,944

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	FNDF
30 Days	-0.54%	-4.85%
60 Days	2.24%	-5.42%
90 Days	3.54%	-3.29%
12 Months	27.64%	11.07%

4 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in FNDF	Overlap
ABBV	F	0.67%	0.22%	0.22%
NXPI	F	0.53%	0.06%	0.06%
TT	A	0.05%	0.05%	0.05%
WCN	A	1.64%	0.07%	0.07%

TCAF Overweight 89 Positions Relative to FNDF

Symbol	Grade	Weight
MSFT	D	8.23%
NVDA	B	6.12%
AAPL	C	5.34%
AMZN	B	4.51%
GOOGL	B	3.12%
UNH	B	2.95%
FTV	D	2.71%
DHR	D	2.63%
BDX	F	2.48%
RVTY	D	2.44%
META	C	2.3%
AEE	A	1.91%
ROP	C	1.74%
PTC	B	1.67%
CRM	A	1.63%
INTU	A	1.55%
MA	A	1.53%
LLY	F	1.5%
CNP	A	1.49%
VLTO	D	1.49%
RTX	D	1.47%
V	A	1.44%
AVGO	C	1.39%
DTE	C	1.31%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
IR	A	1.19%
NOC	D	1.18%
NI	A	1.09%
ICE	D	1.06%
MCK	A	1.05%
YUM	D	1.04%
AMD	F	1.02%
MMC	C	0.98%
ADSK	B	0.95%
TMO	D	0.93%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
AMT	D	0.7%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
AJG	A	0.62%
HUM	F	0.55%
SBAC	D	0.55%
GEHC	D	0.54%
BIIB	F	0.53%
KKR	A	0.49%
KDP	D	0.46%
RSG	B	0.44%
AUR	D	0.41%
SBUX	A	0.38%
NKE	D	0.36%
EXC	C	0.34%
BKNG	A	0.34%
IEX	B	0.33%
LRCX	F	0.32%
ANSS	B	0.32%
CSX	B	0.28%
MAR	A	0.28%
ARGX	B	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%
SYK	A	0.15%
SLB	C	0.15%
MSCI	A	0.14%
DIS	A	0.14%
CDNS	B	0.12%
LNT	A	0.12%
KLAC	F	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
TW	B	0.1%
INFA	F	0.1%
GS	A	0.1%
PNC	A	0.1%
BA	F	0.09%
TYL	B	0.06%
APH	B	0.04%

TCAF Underweight 47 Positions Relative to FNDF

Symbol	Grade	Weight
TM	F	-1.27%
HSBH	A	-0.79%
HMC	F	-0.61%
NVS	D	-0.58%
UL	D	-0.56%
MUFG	A	-0.47%
SONY	D	-0.46%
E	F	-0.42%
TD	D	-0.41%
BCS	A	-0.41%
SMFG	A	-0.38%
STLA	F	-0.35%
LYG	C	-0.33%
MT	B	-0.29%
MFG	A	-0.26%
MDT	D	-0.23%
CNI	F	-0.19%
KB	C	-0.18%
DEO	F	-0.17%
SHG	D	-0.17%
GOLD	F	-0.17%
KEP	B	-0.11%
BNTX	D	-0.09%
AGCO	D	-0.09%
WFG	D	-0.09%
NMR	B	-0.08%
ZIM	A	-0.07%
SW	A	-0.07%
LPL	F	-0.06%
APTV	F	-0.04%
LOGI	F	-0.04%
FLUT	A	-0.04%
AER	B	-0.03%
LULU	C	-0.03%
OTEX	F	-0.03%
GRMN	B	-0.03%
KT	C	-0.03%
SKM	D	-0.03%
PRGO	C	-0.02%
TEVA	D	-0.02%
ARM	F	-0.02%
TIGO	D	-0.02%
CCEP	D	-0.02%
CHKP	D	-0.02%
ALV	C	-0.02%
ICLR	F	-0.01%
ALLE	D	-0.01%