TMSL vs. IFRA ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF (TMSL) to iShares U.S. Infrastructure ETF (IFRA)

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

$33.50

Average Daily Volume

68,970

Number of Holdings ^*

256

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.96

Average Daily Volume

301,581

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	TMSL	IFRA
30 Days	1.39%	3.87%
60 Days	3.76%	7.39%
90 Days	6.69%	12.32%
12 Months	32.49%	36.43%

21 Overlapping Holdings

Symbol	Grade	Weight in TMSL	Weight in IFRA	Overlap
ACM	B	0.12%	0.56%	0.12%
AEE	A	0.39%	0.71%	0.39%
APG	C	0.48%	0.55%	0.48%
AWI	B	0.39%	0.63%	0.39%
AZEK	B	0.24%	0.56%	0.24%
BLD	F	0.23%	0.5%	0.23%
BLDR	D	0.25%	0.53%	0.25%
BXC	B	0.08%	0.65%	0.08%
CNP	A	0.15%	0.72%	0.15%
EME	A	0.54%	0.7%	0.54%
EVRG	A	0.2%	0.69%	0.2%
FIX	A	0.16%	0.72%	0.16%
LPX	B	0.3%	0.6%	0.3%
NI	A	0.59%	0.71%	0.59%
NWE	C	0.19%	0.66%	0.19%
OC	A	0.3%	0.62%	0.3%
POR	C	0.3%	0.63%	0.3%
RS	B	0.61%	0.56%	0.56%
STLD	B	0.54%	0.62%	0.54%
SUM	B	0.5%	0.67%	0.5%
TREX	D	0.23%	0.57%	0.23%

TMSL Overweight 235 Positions Relative to IFRA

Symbol	Grade	Weight
SWK	F	1.44%
SEM	B	1.35%
FTI	A	1.23%
CPAY	A	1.23%
MKSI	C	1.19%
TXT	D	1.17%
WAL	B	1.15%
BPOP	C	1.14%
THC	C	1.13%
RNR	C	0.95%
DT	C	0.87%
REXR	F	0.84%
ESAB	C	0.81%
WBS	A	0.8%
LAMR	D	0.79%
RPM	B	0.77%
SSNC	C	0.75%
GDDY	A	0.75%
HII	F	0.75%
DOCU	B	0.71%
VOYA	B	0.67%
LDOS	C	0.65%
BFAM	F	0.65%
GEN	B	0.64%
RL	C	0.63%
WU	F	0.62%
TFX	F	0.61%
TOL	B	0.6%
INSM	C	0.59%
CUBE	C	0.59%
NTNX	B	0.59%
BDC	B	0.59%
VNO	C	0.58%
CRBG	B	0.58%
ZBRA	B	0.57%
SAIA	C	0.56%
HBAN	B	0.56%
PATK	D	0.56%
SITE	D	0.55%
OPCH	F	0.54%
CF	A	0.53%
BURL	A	0.53%
ENTG	F	0.52%
FBP	B	0.52%
XPRO	F	0.52%
STNG	D	0.52%
RGA	B	0.51%
MNDY	D	0.51%
WYNN	D	0.51%
MWA	B	0.51%
WING	D	0.5%
CVNA	A	0.5%
AGCO	F	0.5%
VTRS	A	0.5%
CW	B	0.49%
IOT	A	0.49%
CLH	C	0.48%
EWBC	A	0.48%
WSC	F	0.48%
COOP	B	0.47%
DUOL	A	0.47%
ST	F	0.46%
BLX	B	0.46%
EQH	B	0.46%
EXAS	D	0.45%
TYL	B	0.45%
TTC	F	0.45%
EHC	B	0.45%
OMF	A	0.45%
MIDD	D	0.44%
MORN	B	0.44%
TOST	A	0.43%
BRX	A	0.43%
HUBB	B	0.43%
RRC	B	0.43%
JBL	C	0.42%
TKR	F	0.42%
PLNT	A	0.41%
LRN	A	0.41%
KFY	B	0.41%
FMC	D	0.41%
NVR	D	0.41%
HOLX	D	0.4%
TNL	B	0.4%
EG	D	0.4%
VFC	C	0.39%
FND	F	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	B	0.37%
VRRM	F	0.37%
PR	B	0.36%
REG	A	0.36%
PTC	B	0.36%
NXST	C	0.35%
FITB	B	0.35%
NWS	A	0.35%
PCVX	D	0.34%
UHS	D	0.34%
RNA	C	0.34%
UPWK	C	0.33%
STGW	B	0.33%
FLO	D	0.33%
ULTA	F	0.33%
DRH	B	0.32%
BPMC	C	0.32%
GEO	A	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	D	0.31%
MANH	D	0.3%
MOH	F	0.3%
HWM	A	0.29%
EVRI	A	0.29%
NBIX	C	0.29%
SHOO	D	0.29%
BERY	D	0.28%
TECH	F	0.28%
OFG	B	0.28%
ASGN	F	0.28%
LSTR	D	0.28%
ARMK	C	0.28%
BJ	B	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	B	0.26%
CASY	A	0.26%
CPA	A	0.26%
VNT	C	0.26%
STEP	B	0.26%
KRC	C	0.26%
ELF	C	0.26%
ELAN	D	0.26%
PFGC	B	0.25%
PLAB	D	0.25%
HST	D	0.25%
KYMR	C	0.25%
SCI	A	0.25%
CHDN	C	0.25%
NTRA	A	0.25%
VRTS	B	0.25%
PCTY	B	0.24%
MTX	C	0.24%
MCB	B	0.24%
GLOB	C	0.24%
RVMD	B	0.24%
BLBD	F	0.24%
BOX	B	0.24%
CBOE	C	0.23%
CRNX	C	0.23%
OIS	C	0.23%
RDDT	A	0.23%
EEFT	C	0.23%
CTLT	D	0.23%
WFRD	F	0.22%
UFPI	C	0.22%
TDW	F	0.22%
CELH	F	0.22%
CRL	D	0.22%
ESS	A	0.22%
ALV	C	0.22%
ALKS	C	0.21%
EPR	D	0.21%
ONON	B	0.21%
LSCC	D	0.21%
VRNT	D	0.21%
BRZE	C	0.21%
RGEN	F	0.21%
WFG	C	0.21%
LPRO	C	0.21%
PK	D	0.2%
SWN	C	0.2%
PRDO	B	0.2%
KEX	B	0.2%
THG	A	0.2%
TXRH	B	0.2%
CWEN	C	0.2%
OLLI	D	0.19%
HAFC	B	0.19%
NFG	A	0.19%
BGNE	D	0.18%
AHH	D	0.18%
LUV	B	0.18%
LEGN	F	0.18%
RARE	F	0.18%
PBH	A	0.17%
ENS	D	0.17%
TW	A	0.17%
WDC	F	0.17%
PLUS	F	0.16%
AVNT	B	0.16%
BFS	C	0.16%
AVY	D	0.16%
REPL	C	0.16%
SRPT	F	0.16%
BWXT	A	0.16%
VERA	C	0.16%
GMRE	F	0.15%
HIG	B	0.15%
XRAY	D	0.15%
CVLT	B	0.15%
WTTR	A	0.15%
NRIX	C	0.14%
TDC	D	0.14%
AMAL	B	0.14%
ESNT	D	0.13%
XNCR	B	0.12%
ASND	F	0.12%
NTLA	F	0.11%
MDGL	C	0.11%
ACAD	C	0.11%
CLDX	F	0.11%
IONS	F	0.11%
AKRO	C	0.11%
IDYA	F	0.1%
ANET	C	0.1%
APPF	C	0.08%
RCKT	F	0.08%
PRTA	F	0.07%
SRRK	B	0.06%
PLRX	D	0.06%
SWTX	C	0.04%

TMSL Underweight 129 Positions Relative to IFRA

Symbol	Grade	Weight
VST	A	-1.23%
USLM	A	-0.91%
DTM	A	-0.87%
CENX	B	-0.86%
KNTK	A	-0.85%
CEG	C	-0.85%
MYRG	C	-0.84%
STRL	A	-0.83%
KMI	A	-0.83%
AGX	B	-0.82%
WMB	A	-0.82%
MGEE	A	-0.8%
PRIM	A	-0.8%
NRG	B	-0.79%
ETR	A	-0.79%
OKE	A	-0.78%
ROAD	A	-0.77%
IDA	A	-0.74%
TXNM	A	-0.73%
ENLC	A	-0.72%
XEL	A	-0.72%
LMB	A	-0.72%
SRE	A	-0.72%
ATO	A	-0.72%
OGS	A	-0.71%
CMP	C	-0.71%
GBX	B	-0.71%
PEG	C	-0.71%
MSEX	B	-0.7%
CPK	A	-0.7%
MTZ	A	-0.7%
CSX	C	-0.7%
PCG	A	-0.69%
BKH	A	-0.69%
OGE	A	-0.69%
AM	A	-0.69%
NSC	B	-0.69%
AWR	A	-0.68%
HEES	C	-0.68%
MLI	B	-0.68%
MTRX	B	-0.68%
PNW	B	-0.68%
PPL	A	-0.68%
NWN	A	-0.68%
LXFR	B	-0.68%
LNT	A	-0.67%
ALE	A	-0.67%
GLDD	B	-0.67%
RYI	C	-0.67%
WEC	A	-0.67%
SR	A	-0.66%
APOG	B	-0.66%
AGR	A	-0.66%
UTL	C	-0.66%
GVA	A	-0.66%
D	C	-0.65%
WTRG	B	-0.65%
PWR	A	-0.65%
CMS	C	-0.65%
EXC	C	-0.65%
DTE	C	-0.64%
SO	C	-0.64%
NWPX	A	-0.64%
CRS	A	-0.64%
EXP	B	-0.63%
KNF	B	-0.63%
TPC	C	-0.63%
VMI	B	-0.63%
NGVT	C	-0.63%
AVA	C	-0.63%
NEE	C	-0.62%
URI	B	-0.62%
UNP	D	-0.62%
EIX	C	-0.62%
DUK	C	-0.62%
FE	C	-0.61%
CWT	C	-0.61%
ECVT	C	-0.61%
ASTE	C	-0.61%
ARTNA	F	-0.61%
YORW	D	-0.61%
TRN	A	-0.6%
ES	C	-0.6%
SJW	F	-0.6%
AWK	C	-0.6%
AEP	C	-0.6%
VMC	B	-0.6%
ED	C	-0.6%
CMC	B	-0.59%
KALU	C	-0.59%
LXU	C	-0.59%
HE	C	-0.59%
X	C	-0.58%
MLM	B	-0.58%
OSK	C	-0.57%
FLR	B	-0.57%
CSL	C	-0.56%
BCC	C	-0.56%
ASIX	C	-0.55%
SWX	A	-0.55%
ROCK	D	-0.54%
NFE	F	-0.54%
SSD	D	-0.53%
BWMN	C	-0.53%
HWKN	B	-0.53%
XPEL	C	-0.53%
ZEUS	C	-0.52%
POOL	D	-0.52%
NUE	D	-0.52%
TEX	D	-0.52%
KOP	C	-0.51%
EMN	D	-0.51%
AESI	B	-0.5%
CLF	F	-0.5%
OLN	F	-0.5%
NVEE	F	-0.5%
HAYN	A	-0.5%
MTUS	D	-0.49%
J	D	-0.49%
IIIN	D	-0.48%
ATI	C	-0.48%
WOR	F	-0.47%
WMS	F	-0.46%
WLK	F	-0.46%
LYB	F	-0.44%
MDU	D	-0.36%
MATV	F	-0.33%
NVRI	F	-0.33%
TTEK	F	-0.09%