TCAF vs. WBIG ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to WBI Large Cap Tactical Yield Shares (WBIG)

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

WBIG

WBI Large Cap Tactical Yield Shares

WBIG Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the dividend-paying equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display attractive dividend payment prospects, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$25.28

Average Daily Volume

2,759

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	WBIG
30 Days	1.74%	2.76%
60 Days	2.92%	3.44%
90 Days	3.99%	5.15%
12 Months	28.41%	16.56%

6 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in WBIG	Overlap
AME	A	0.2%	0.62%	0.2%
BDX	F	2.48%	4.53%	2.48%
MCK	B	1.05%	0.72%	0.72%
MMC	B	0.98%	3.72%	0.98%
RTX	C	1.47%	1.14%	1.14%
V	A	1.44%	0.63%	0.63%

TCAF Overweight 87 Positions Relative to WBIG

Symbol	Grade	Weight
MSFT	F	8.23%
NVDA	C	6.12%
AAPL	C	5.34%
AMZN	C	4.51%
GOOGL	C	3.12%
UNH	C	2.95%
FTV	C	2.71%
DHR	F	2.63%
RVTY	F	2.44%
META	D	2.3%
AEE	A	1.91%
ROP	B	1.74%
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%
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%
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%
TDY	B	0.71%
AMT	D	0.7%
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%
LRCX	F	0.32%
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%
MS	A	0.2%
SPGI	C	0.2%
CMG	B	0.16%
SYK	C	0.15%
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 33 Positions Relative to WBIG

Symbol	Grade	Weight
BMY	B	-4.9%
WRB	A	-4.68%
CHRD	D	-4.66%
F	C	-4.61%
T	A	-4.56%
TROW	B	-4.54%
NEU	C	-3.99%
PR	B	-3.93%
JEPQ	A	-3.75%
KHC	F	-3.36%
UHS	D	-2.12%
AGZD	A	-2.12%
FLTR	A	-2.11%
FALN	B	-2.1%
FTSL	B	-1.93%
STIP	C	-1.52%
UNM	A	-1.45%
GILD	C	-1.43%
TSN	B	-1.39%
MDT	D	-1.27%
RGA	A	-1.25%
CINF	A	-1.24%
HPE	B	-1.2%
CI	F	-1.17%
FANG	D	-1.14%
SYY	B	-1.09%
OKE	A	-0.94%
BKLN	A	-0.9%
AXP	A	-0.59%
PAYX	C	-0.55%
BR	A	-0.54%
PH	A	-0.53%
RMD	C	-0.49%