TMSL vs. DVAL ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to Dynamic US Large Cap Value ETF (DVAL)

TMSL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMSL Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in assets issued by small- or mid-cap companies. The fund may at times invest significantly in certain sectors, such as the information technology sector.

Grade (RS Rating)

Last Trade

$34.10

Average Daily Volume

71,985

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.75

Average Daily Volume

7,087

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	DVAL
30 Days	5.15%	2.72%
60 Days	5.62%	5.24%
90 Days	6.97%	6.69%
12 Months	34.59%	26.63%

22 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in DVAL	Overlap
ARMK	B	0.28%	0.48%	0.28%
BERY	C	0.28%	0.52%	0.28%
BLD	D	0.23%	0.2%	0.2%
BLDR	D	0.25%	1.85%	0.25%
CF	A	0.53%	0.8%	0.53%
CPAY	A	1.23%	0.61%	0.61%
CRBG	B	0.58%	0.73%	0.58%
EQH	C	0.46%	0.62%	0.46%
FMC	D	0.41%	0.13%	0.13%
JBL	C	0.42%	0.91%	0.42%
NVR	D	0.41%	0.66%	0.41%
NXST	C	0.35%	0.43%	0.35%
OC	A	0.3%	0.87%	0.3%
OMF	A	0.45%	0.44%	0.44%
RL	C	0.63%	0.33%	0.33%
RS	B	0.61%	0.99%	0.61%
SCI	B	0.25%	0.93%	0.25%
STLD	B	0.54%	1.44%	0.54%
TOL	B	0.6%	0.31%	0.31%
TXT	D	1.17%	0.52%	0.52%
VOYA	B	0.67%	0.04%	0.04%
WSC	F	0.48%	0.04%	0.04%

TMSL Overweight 234 Positions Relative to DVAL

Symbol	Grade	Weight
SWK	D	1.44%
SEM	B	1.35%
FTI	A	1.23%
MKSI	C	1.19%
WAL	B	1.15%
BPOP	C	1.14%
THC	D	1.13%
RNR	C	0.95%
DT	D	0.87%
REXR	F	0.84%
ESAB	C	0.81%
WBS	A	0.8%
LAMR	C	0.79%
RPM	A	0.77%
SSNC	B	0.75%
GDDY	A	0.75%
HII	F	0.75%
DOCU	B	0.71%
LDOS	C	0.65%
BFAM	D	0.65%
GEN	B	0.64%
WU	F	0.62%
TFX	F	0.61%
INSM	C	0.59%
CUBE	C	0.59%
NTNX	B	0.59%
BDC	C	0.59%
NI	A	0.59%
VNO	C	0.58%
ZBRA	B	0.57%
SAIA	B	0.56%
HBAN	A	0.56%
PATK	C	0.56%
SITE	F	0.55%
EME	A	0.54%
OPCH	D	0.54%
BURL	B	0.53%
ENTG	D	0.52%
FBP	C	0.52%
XPRO	D	0.52%
STNG	F	0.52%
RGA	A	0.51%
MNDY	C	0.51%
WYNN	C	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	B	0.5%
SUM	B	0.5%
AGCO	D	0.5%
VTRS	A	0.5%
CW	C	0.49%
IOT	A	0.49%
CLH	C	0.48%
APG	B	0.48%
EWBC	A	0.48%
COOP	B	0.47%
DUOL	A	0.47%
ST	F	0.46%
BLX	B	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	C	0.45%
EHC	B	0.45%
MIDD	C	0.44%
MORN	B	0.44%
TOST	B	0.43%
BRX	A	0.43%
HUBB	B	0.43%
RRC	B	0.43%
TKR	D	0.42%
PLNT	A	0.41%
LRN	A	0.41%
KFY	B	0.41%
HOLX	D	0.4%
TNL	A	0.4%
EG	C	0.4%
VFC	C	0.39%
AEE	A	0.39%
AWI	A	0.39%
FND	D	0.39%
DKNG	B	0.39%
BCO	F	0.39%
RYN	D	0.39%
BBWI	C	0.38%
SUI	C	0.38%
DPZ	C	0.38%
NCLH	B	0.37%
PHIN	A	0.37%
VRRM	F	0.37%
PR	B	0.36%
REG	A	0.36%
PTC	B	0.36%
FITB	B	0.35%
NWS	A	0.35%
PCVX	D	0.34%
UHS	D	0.34%
RNA	C	0.34%
UPWK	B	0.33%
STGW	A	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	0.32%
BPMC	B	0.32%
GEO	B	0.32%
KMPR	A	0.32%
DOLE	D	0.32%
USFD	A	0.32%
MAIN	A	0.31%
DOX	D	0.31%
SKWD	A	0.31%
RVTY	F	0.31%
MANH	D	0.3%
MOH	F	0.3%
LPX	B	0.3%
POR	C	0.3%
HWM	A	0.29%
EVRI	A	0.29%
NBIX	C	0.29%
SHOO	F	0.29%
TECH	F	0.28%
OFG	B	0.28%
ASGN	F	0.28%
LSTR	D	0.28%
BJ	A	0.28%
FCN	F	0.28%
AYI	B	0.27%
LPLA	A	0.27%
FTDR	B	0.27%
ATEN	A	0.27%
PAYO	A	0.27%
ELS	C	0.26%
CASY	A	0.26%
CPA	D	0.26%
VNT	C	0.26%
STEP	C	0.26%
KRC	B	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PFGC	B	0.25%
PLAB	C	0.25%
HST	C	0.25%
KYMR	D	0.25%
CHDN	B	0.25%
NTRA	A	0.25%
VRTS	B	0.25%
AZEK	A	0.24%
PCTY	C	0.24%
MTX	B	0.24%
MCB	B	0.24%
GLOB	B	0.24%
RVMD	C	0.24%
BLBD	D	0.24%
BOX	B	0.24%
CBOE	C	0.23%
CRNX	C	0.23%
OIS	B	0.23%
RDDT	A	0.23%
EEFT	B	0.23%
CTLT	C	0.23%
TREX	C	0.23%
WFRD	D	0.22%
UFPI	C	0.22%
TDW	F	0.22%
CELH	F	0.22%
CRL	D	0.22%
ESS	B	0.22%
ALV	C	0.22%
ALKS	C	0.21%
EPR	C	0.21%
ONON	A	0.21%
LSCC	D	0.21%
VRNT	C	0.21%
BRZE	C	0.21%
RGEN	D	0.21%
WFG	C	0.21%
LPRO	B	0.21%
PK	C	0.2%
SWN	C	0.2%
PRDO	B	0.2%
KEX	B	0.2%
THG	A	0.2%
TXRH	B	0.2%
EVRG	A	0.2%
CWEN	C	0.2%
NWE	B	0.19%
OLLI	D	0.19%
HAFC	B	0.19%
NFG	A	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	C	0.18%
LEGN	D	0.18%
RARE	F	0.18%
PBH	A	0.17%
ENS	F	0.17%
TW	A	0.17%
WDC	D	0.17%
PLUS	F	0.16%
AVNT	B	0.16%
BFS	C	0.16%
AVY	F	0.16%
REPL	D	0.16%
SRPT	F	0.16%
BWXT	B	0.16%
VERA	C	0.16%
FIX	A	0.16%
GMRE	F	0.15%
HIG	B	0.15%
XRAY	F	0.15%
CVLT	B	0.15%
CNP	A	0.15%
WTTR	A	0.15%
NRIX	C	0.14%
TDC	D	0.14%
AMAL	B	0.14%
ESNT	F	0.13%
ACM	B	0.12%
XNCR	B	0.12%
ASND	F	0.12%
NTLA	F	0.11%
MDGL	B	0.11%
ACAD	C	0.11%
CLDX	F	0.11%
IONS	F	0.11%
AKRO	B	0.11%
IDYA	F	0.1%
ANET	C	0.1%
APPF	B	0.08%
RCKT	F	0.08%
BXC	B	0.08%
PRTA	F	0.07%
SRRK	C	0.06%
PLRX	D	0.06%
SWTX	C	0.04%

TMSL Underweight 88 Positions Relative to DVAL

Symbol	Grade	Weight
LMT	D	-4.65%
CMCSA	B	-4.4%
IBM	C	-4.23%
DE	B	-3.74%
TMUS	B	-3.64%
HON	C	-3.58%
CSCO	B	-3.48%
GM	C	-3.36%
CAT	B	-3.21%
COP	C	-2.99%
MPC	D	-2.63%
PYPL	B	-2.39%
CVX	A	-2.11%
JNJ	C	-1.52%
AXP	A	-1.5%
LYB	F	-1.44%
WMT	A	-1.37%
MMM	D	-1.32%
WMB	A	-1.29%
PCAR	B	-1.24%
NUE	C	-1.19%
VLO	C	-1.19%
CSL	C	-1.08%
PHM	D	-1.05%
EXPD	C	-1.02%
KHC	F	-1.0%
GIS	D	-0.97%
PG	C	-0.92%
EBAY	D	-0.77%
NRG	B	-0.76%
MGM	D	-0.74%
BMY	B	-0.7%
PSX	C	-0.69%
IPG	D	-0.69%
WFC	A	-0.69%
DRI	B	-0.68%
MLM	C	-0.68%
BG	D	-0.67%
AMGN	F	-0.67%
EXPE	B	-0.66%
ORI	A	-0.64%
AN	C	-0.62%
MRO	B	-0.62%
AFG	A	-0.59%
FOXA	A	-0.53%
EOG	A	-0.51%
WH	B	-0.5%
EVR	B	-0.49%
SYY	D	-0.46%
DIS	B	-0.46%
MTG	C	-0.45%
TRMB	B	-0.42%
FLEX	B	-0.41%
VZ	C	-0.4%
SAIC	F	-0.39%
AMG	B	-0.39%
MRK	D	-0.36%
TRGP	A	-0.36%
BC	C	-0.35%
KBH	D	-0.34%
DVA	C	-0.31%
MUSA	B	-0.29%
R	B	-0.28%
RHI	C	-0.27%
DKS	D	-0.27%
BCC	B	-0.25%
AM	A	-0.24%
EXP	B	-0.23%
AOS	F	-0.23%
EMN	C	-0.22%
COKE	C	-0.22%
PVH	C	-0.2%
SNX	D	-0.19%
H	B	-0.19%
INGR	C	-0.18%
CBT	D	-0.17%
CNM	D	-0.16%
FANG	C	-0.15%
BYD	B	-0.14%
NEU	D	-0.14%
WEX	D	-0.13%
MDU	D	-0.13%
CHX	C	-0.1%
GPK	C	-0.1%
RDN	D	-0.08%
TPR	B	-0.08%
OMC	C	-0.05%
WCC	B	-0.0%