TCAF vs. UDIV ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	UDIV
30 Days	1.74%	2.89%
60 Days	2.92%	4.78%
90 Days	3.99%	6.71%
12 Months	28.41%	35.02%

47 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in UDIV	Overlap
AAPL	C	5.34%	6.17%	5.34%
ABBV	D	0.67%	0.97%	0.67%
ABT	B	1.24%	0.48%	0.48%
ACN	C	0.25%	0.45%	0.25%
AEE	A	1.91%	0.03%	0.03%
AMD	F	1.02%	0.43%	0.43%
AMT	D	0.7%	0.35%	0.35%
AMZN	C	4.51%	3.48%	3.48%
APH	A	0.04%	0.05%	0.04%
AVGO	D	1.39%	1.72%	1.39%
CDNS	B	0.12%	0.14%	0.12%
CME	A	0.24%	0.46%	0.24%
CMG	B	0.16%	0.12%	0.12%
CMS	C	0.82%	0.11%	0.11%
CRM	B	1.63%	0.51%	0.51%
DIS	B	0.14%	0.13%	0.13%
DTE	C	1.31%	0.14%	0.14%
EXC	C	0.34%	0.22%	0.22%
GOOGL	C	3.12%	1.92%	1.92%
GS	A	0.1%	0.44%	0.1%
INTU	C	1.55%	0.47%	0.47%
KKR	A	0.49%	0.16%	0.16%
KLAC	D	0.12%	0.3%	0.12%
LIN	D	1.24%	0.14%	0.14%
LLY	F	1.5%	1.21%	1.21%
LNT	A	0.12%	0.09%	0.09%
LRCX	F	0.32%	0.34%	0.32%
MA	C	1.53%	0.23%	0.23%
MCD	D	0.78%	0.23%	0.23%
META	D	2.3%	2.13%	2.13%
MS	A	0.2%	0.94%	0.2%
MSCI	C	0.14%	0.23%	0.14%
MSFT	F	8.23%	6.07%	6.07%
NI	A	1.09%	0.09%	0.09%
NKE	D	0.36%	0.13%	0.13%
NVDA	C	6.12%	6.83%	6.12%
NXPI	D	0.53%	0.35%	0.35%
PNC	B	0.1%	0.5%	0.1%
RTX	C	1.47%	0.18%	0.18%
SBUX	A	0.38%	0.3%	0.3%
SLB	C	0.15%	0.06%	0.06%
SYK	C	0.15%	0.02%	0.02%
TT	A	0.05%	0.02%	0.02%
UNH	C	2.95%	0.87%	0.87%
V	A	1.44%	0.34%	0.34%
WEC	A	0.12%	0.18%	0.12%
XEL	A	0.11%	0.21%	0.11%

TCAF Overweight 46 Positions Relative to UDIV

Symbol	Grade	Weight
FTV	C	2.71%
DHR	F	2.63%
BDX	F	2.48%
RVTY	F	2.44%
ROP	B	1.74%
PTC	A	1.67%
WCN	A	1.64%
CNP	B	1.49%
VLTO	D	1.49%
MLM	B	1.2%
IR	B	1.19%
NOC	D	1.18%
ICE	C	1.06%
MCK	B	1.05%
YUM	B	1.04%
MMC	B	0.98%
ADSK	A	0.95%
TMO	F	0.93%
HLT	A	0.92%
TDY	B	0.71%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
AJG	B	0.62%
HUM	C	0.55%
SBAC	D	0.55%
GEHC	F	0.54%
BIIB	F	0.53%
KDP	D	0.46%
RSG	A	0.44%
AUR	C	0.41%
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%
WTW	B	0.21%
AME	A	0.2%
SPGI	C	0.2%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
BA	F	0.09%
TYL	B	0.06%

TCAF Underweight 230 Positions Relative to UDIV

Symbol	Grade	Weight
GOOG	C	-1.73%
TSLA	B	-1.48%
XOM	B	-1.35%
JPM	A	-1.35%
JNJ	D	-1.16%
CVX	A	-1.12%
HD	A	-1.06%
BLK	C	-0.87%
CSCO	B	-0.86%
PM	B	-0.86%
TXN	C	-0.85%
C	A	-0.82%
IBM	C	-0.81%
T	A	-0.79%
PG	A	-0.78%
VZ	C	-0.77%
BX	A	-0.76%
KO	D	-0.74%
QCOM	F	-0.74%
MRK	F	-0.71%
BMY	B	-0.69%
PFE	D	-0.66%
BAC	A	-0.65%
NFLX	A	-0.64%
GILD	C	-0.63%
AMGN	D	-0.62%
UPS	C	-0.57%
PEP	F	-0.57%
MDT	D	-0.56%
MO	A	-0.56%
SO	D	-0.53%
ADI	D	-0.52%
ORCL	B	-0.5%
DUK	C	-0.49%
NOW	A	-0.47%
USB	A	-0.47%
ITW	B	-0.43%
PLD	D	-0.43%
WFC	A	-0.42%
WMB	A	-0.41%
ETN	A	-0.41%
INTC	D	-0.41%
APO	B	-0.4%
CVS	D	-0.39%
AMAT	F	-0.38%
OKE	A	-0.38%
TFC	A	-0.38%
CMCSA	B	-0.36%
MMM	D	-0.36%
ADBE	C	-0.35%
SPG	B	-0.33%
BK	A	-0.33%
KMI	A	-0.32%
DLR	B	-0.32%
PLTR	B	-0.31%
CRWD	B	-0.3%
UNP	C	-0.3%
CMI	A	-0.3%
AEP	D	-0.29%
PSA	D	-0.29%
ANET	C	-0.28%
PRU	A	-0.28%
UBER	D	-0.28%
TGT	F	-0.28%
MELI	D	-0.28%
O	D	-0.28%
FAST	B	-0.27%
F	C	-0.27%
PANW	C	-0.27%
LOW	D	-0.27%
D	C	-0.27%
COST	B	-0.26%
PAYX	C	-0.26%
KMB	D	-0.26%
COP	C	-0.25%
CCI	D	-0.24%
KVUE	A	-0.23%
HPQ	B	-0.23%
JCI	C	-0.23%
MTB	A	-0.22%
EMR	A	-0.22%
PSX	C	-0.22%
EQIX	A	-0.21%
FANG	D	-0.21%
GLW	B	-0.21%
EXR	D	-0.2%
MU	D	-0.2%
ROK	B	-0.2%
GIS	D	-0.2%
MCHP	D	-0.2%
VICI	C	-0.19%
DOW	F	-0.19%
ED	D	-0.19%
EIX	B	-0.19%
FITB	A	-0.19%
VRT	B	-0.18%
STT	A	-0.18%
HON	B	-0.18%
BKR	B	-0.18%
APD	A	-0.18%
AVB	B	-0.18%
GRMN	B	-0.18%
ETR	B	-0.18%
ARES	A	-0.18%
IRM	D	-0.17%
SYY	B	-0.17%
HBAN	A	-0.16%
PEG	A	-0.16%
TROW	B	-0.16%
DVN	F	-0.16%
KHC	F	-0.16%
SW	A	-0.16%
RF	A	-0.15%
ISRG	A	-0.14%
DFS	B	-0.14%
VTR	C	-0.14%
CINF	A	-0.14%
EQR	B	-0.14%
PPL	B	-0.14%
NTAP	C	-0.14%
EBAY	D	-0.13%
IFF	D	-0.13%
LYB	F	-0.13%
ADP	B	-0.13%
NTRS	A	-0.13%
CFG	B	-0.13%
COIN	C	-0.13%
MPWR	F	-0.12%
INVH	D	-0.12%
DRI	B	-0.12%
CLX	B	-0.12%
CTRA	B	-0.12%
IP	B	-0.12%
WELL	A	-0.12%
PFG	D	-0.12%
FE	C	-0.12%
MRVL	B	-0.12%
K	A	-0.12%
PKG	A	-0.12%
ES	D	-0.12%
ESS	B	-0.11%
ZS	C	-0.11%
TSN	B	-0.11%
GPC	D	-0.11%
SNA	A	-0.11%
BBY	D	-0.11%
BR	A	-0.11%
LUV	C	-0.11%
STX	D	-0.11%
OMC	C	-0.11%
NEE	D	-0.11%
DASH	A	-0.11%
KEY	B	-0.11%
MET	A	-0.11%
WSO	A	-0.11%
SNPS	B	-0.11%
ALL	A	-0.1%
VTRS	A	-0.1%
ARE	D	-0.1%
KIM	A	-0.1%
CAT	B	-0.1%
HPE	B	-0.1%
DELL	C	-0.1%
MAA	B	-0.1%
SUI	D	-0.09%
DOC	D	-0.09%
AMCR	D	-0.09%
DDOG	A	-0.09%
FNF	B	-0.09%
EWBC	A	-0.09%
BAX	D	-0.09%
EL	F	-0.09%
UDR	B	-0.08%
FDX	B	-0.08%
SWK	D	-0.08%
AXON	A	-0.08%
VLO	C	-0.08%
LVS	C	-0.08%
EVRG	A	-0.08%
SWKS	F	-0.08%
EOG	A	-0.07%
SJM	D	-0.07%
WPC	D	-0.07%
CG	A	-0.07%
NSC	B	-0.07%
JNPR	F	-0.07%
REG	B	-0.07%
EMN	D	-0.07%
BXP	D	-0.07%
CAG	D	-0.07%
HST	C	-0.07%
CPT	B	-0.07%
GEN	B	-0.07%
ELS	C	-0.07%
AES	F	-0.06%
WDAY	B	-0.06%
SCCO	F	-0.06%
APA	D	-0.06%
HUBS	A	-0.06%
IPG	D	-0.06%
SNOW	C	-0.06%
CNH	C	-0.06%
TTD	B	-0.06%
NET	B	-0.06%
GD	F	-0.06%
LKQ	D	-0.06%
HUBB	B	-0.06%
MDB	C	-0.05%
CPB	D	-0.05%
HRL	D	-0.05%
TAP	C	-0.05%
BEN	C	-0.04%
TSCO	D	-0.04%
SQ	B	-0.04%
WBA	F	-0.04%
RPRX	D	-0.04%
ENTG	D	-0.04%
CRBG	B	-0.04%
WMT	A	-0.03%
SMCI	F	-0.03%
DG	F	-0.03%
AGR	B	-0.02%
OKTA	C	-0.02%
DT	C	-0.02%
FIS	C	-0.02%
CAH	B	-0.02%
TER	D	-0.02%
SIRI	C	-0.01%
BSY	D	-0.01%
NEM	D	-0.01%