TMSL vs. FDM ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to First Trust DJ Select MicroCap ETF (FDM)

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

$32.19

Average Daily Volume

65,652

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDM

First Trust DJ Select MicroCap ETF

FDM Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$63.25

Average Daily Volume

4,461

Number of Holdings ^*

131

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	FDM
30 Days	0.50%	-1.34%
60 Days	6.03%	2.11%
90 Days	6.78%	6.43%
12 Months	32.18%	18.90%

0 Overlapping Holdings

	Symbol	Grade	Weight in TMSL	Weight in FDM	Overlap

TMSL Overweight 9 Positions Relative to FDM

Symbol	Grade	Weight
NWS	D	1.65%
MKSI	F	1.38%
SEM	D	1.31%
TXT	D	1.3%
FTI	B	1.24%
CPAY	A	1.11%
SWK	A	1.1%
BPOP	D	1.06%
TDW	F	0.92%

TMSL Underweight 131 Positions Relative to FDM

Symbol	Grade	Weight
LEU	A	-1.56%
ASIX	B	-1.54%
VMEO	C	-1.52%
LMB	C	-1.45%
TPB	B	-1.42%
PTLO	C	-1.42%
SPTN	B	-1.42%
HAYN	B	-1.42%
CPF	C	-1.42%
BJRI	D	-1.4%
ASTE	F	-1.37%
ETD	B	-1.36%
GLDD	B	-1.33%
RGR	F	-1.33%
MLR	D	-1.3%
KELYA	D	-1.29%
IBCP	D	-1.27%
HCKT	C	-1.24%
PLOW	C	-1.21%
EGY	D	-1.12%
SWBI	F	-1.11%
IMXI	D	-1.08%
UVE	C	-1.07%
EZPW	D	-1.06%
WLDN	A	-1.01%
SMBC	D	-0.97%
NBN	B	-0.96%
DAKT	D	-0.96%
LQDT	C	-0.95%
ARKO	C	-0.95%
MCB	C	-0.94%
CCBG	C	-0.9%
FC	C	-0.86%
MPB	C	-0.86%
KE	F	-0.86%
NWPX	B	-0.85%
SNCY	D	-0.84%
ANET	B	-0.83%
DHIL	C	-0.82%
LXU	D	-0.8%
TIPT	C	-0.79%
SHBI	D	-0.79%
ESQ	C	-0.79%
CCRN	F	-0.79%
CSV	C	-0.79%
CCSI	C	-0.79%
LYTS	B	-0.78%
AROW	D	-0.77%
MOFG	D	-0.75%
FISI	C	-0.74%
RMR	B	-0.74%
WLFC	B	-0.74%
NRIM	C	-0.73%
CMPO	B	-0.73%
SD	F	-0.72%
PLPC	D	-0.72%
NPK	F	-0.72%
TRDA	D	-0.72%
CWCO	F	-0.71%
WRLD	D	-0.71%
EE	A	-0.71%
HVT	F	-0.69%
BSRR	D	-0.68%
KODK	F	-0.67%
GLRE	C	-0.67%
AMSWA	C	-0.66%
CENT	F	-0.66%
LINC	D	-0.66%
ODC	C	-0.66%
TTI	D	-0.65%
NECB	B	-0.65%
FMAO	D	-0.65%
USAP	B	-0.65%
ARTNA	D	-0.65%
ITIC	C	-0.64%
CRCT	C	-0.64%
HRTG	D	-0.64%
TCMD	C	-0.64%
LOCO	C	-0.61%
VPG	F	-0.59%
HNRG	C	-0.59%
RM	C	-0.58%
LEGH	C	-0.58%
DCGO	F	-0.57%
OPY	D	-0.57%
NEWT	D	-0.56%
MOV	F	-0.56%
NGVC	B	-0.55%
SIGA	F	-0.54%
SENEA	C	-0.54%
ACIC	F	-0.53%
INBK	D	-0.5%
AVNW	F	-0.48%
PKOH	B	-0.46%
REPX	D	-0.46%
RCKY	C	-0.45%
AMPY	D	-0.45%
MCFT	F	-0.45%
JRVR	F	-0.45%
MITT	C	-0.43%
LSEA	C	-0.42%
VLGEA	C	-0.39%
FSTR	D	-0.39%
TASK	F	-0.38%
EML	B	-0.36%
JILL	F	-0.35%
NGS	D	-0.35%
HBB	B	-0.34%
SGC	F	-0.34%
REI	F	-0.34%
ACTG	F	-0.33%
KRT	F	-0.33%
EARN	C	-0.33%
PWOD	B	-0.32%
NATR	F	-0.32%
FLXS	C	-0.3%
TAYD	D	-0.3%
FF	B	-0.28%
BBCP	F	-0.27%
TWIN	F	-0.26%
LAKE	D	-0.26%
ACU	F	-0.25%
VIRC	D	-0.25%
LWAY	B	-0.25%
BTMD	F	-0.24%
PEBK	F	-0.23%
FEIM	D	-0.19%
ESOA	C	-0.19%
INTT	F	-0.16%
CSPI	F	-0.15%
KEQU	F	-0.13%