TCAF vs. RUNN ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Running Oak Efficient Growth ETF (RUNN)

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

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.03

Average Daily Volume

42,104

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	RUNN
30 Days	1.74%	3.98%
60 Days	2.92%	5.29%
90 Days	3.99%	7.85%
12 Months	28.41%	31.92%

13 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in RUNN	Overlap
ACN	C	0.25%	1.79%	0.25%
AJG	B	0.62%	1.68%	0.62%
AME	A	0.2%	1.86%	0.2%
BDX	F	2.48%	1.63%	1.63%
ICE	C	1.06%	1.6%	1.06%
IR	B	1.19%	1.75%	1.19%
MMC	B	0.98%	1.64%	0.98%
ROP	B	1.74%	1.7%	1.7%
RSG	A	0.44%	1.74%	0.44%
SYK	C	0.15%	1.8%	0.15%
TDY	B	0.71%	1.83%	0.71%
UNH	C	2.95%	1.68%	1.68%
V	A	1.44%	1.82%	1.44%

TCAF Overweight 80 Positions Relative to RUNN

Symbol	Grade	Weight
MSFT	F	8.23%
NVDA	C	6.12%
AAPL	C	5.34%
AMZN	C	4.51%
GOOGL	C	3.12%
FTV	C	2.71%
DHR	F	2.63%
RVTY	F	2.44%
META	D	2.3%
AEE	A	1.91%
PTC	A	1.67%
WCN	A	1.64%
CRM	B	1.63%
INTU	C	1.55%
MA	C	1.53%
LLY	F	1.5%
CNP	B	1.49%
VLTO	D	1.49%
RTX	C	1.47%
AVGO	D	1.39%
DTE	C	1.31%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
NOC	D	1.18%
NI	A	1.09%
MCK	B	1.05%
YUM	B	1.04%
AMD	F	1.02%
ADSK	A	0.95%
TMO	F	0.93%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
AMT	D	0.7%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	D	0.67%
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%
AUR	C	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	B	0.28%
ARGX	A	0.26%
DLTR	F	0.25%
CME	A	0.24%
WTW	B	0.21%
MS	A	0.2%
SPGI	C	0.2%
CMG	B	0.16%
SLB	C	0.15%
MSCI	C	0.14%
DIS	B	0.14%
CDNS	B	0.12%
LNT	A	0.12%
KLAC	D	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%
APH	A	0.04%

TCAF Underweight 42 Positions Relative to RUNN

Symbol	Grade	Weight
HON	B	-1.9%
J	F	-1.86%
CW	B	-1.86%
FDS	B	-1.86%
ETN	A	-1.86%
WSO	A	-1.86%
PH	A	-1.85%
PRI	A	-1.85%
FI	A	-1.85%
TXRH	C	-1.84%
ITT	A	-1.83%
GWW	B	-1.83%
LDOS	C	-1.83%
EME	C	-1.82%
RBA	A	-1.82%
ADP	B	-1.82%
BSX	B	-1.82%
BR	A	-1.81%
SAIA	B	-1.79%
BRO	B	-1.78%
DRI	B	-1.78%
NSC	B	-1.77%
GD	F	-1.76%
DECK	A	-1.75%
GGG	B	-1.74%
FELE	B	-1.74%
CACI	D	-1.74%
GOOG	C	-1.72%
APD	A	-1.72%
CSL	C	-1.72%
SSNC	B	-1.71%
TSCO	D	-1.71%
NVT	B	-1.71%
TJX	A	-1.71%
TTC	D	-1.68%
CI	F	-1.67%
DOX	D	-1.65%
STE	F	-1.64%
AVY	D	-1.59%
FCN	D	-1.57%
IQV	D	-1.55%
ICLR	D	-1.52%