TVAL vs. ACIO ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Aptus Collared Income Opportunity ETF (ACIO)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.68

Average Daily Volume

177,408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	ACIO
30 Days	2.98%	1.67%
60 Days	4.22%	2.81%
90 Days	5.88%	3.89%
12 Months	29.14%	26.46%

40 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in ACIO	Overlap
ABBV	D	0.36%	0.65%	0.36%
ACN	C	0.7%	1.12%	0.7%
ADI	D	0.35%	0.87%	0.35%
AMAT	F	0.38%	1.44%	0.38%
AMD	F	0.22%	0.47%	0.22%
BAC	A	1.89%	1.01%	1.01%
C	A	0.81%	0.61%	0.61%
CAT	B	0.3%	1.75%	0.3%
CMCSA	B	0.46%	0.39%	0.39%
CSX	B	0.49%	1.05%	0.49%
EOG	A	0.82%	0.47%	0.47%
FANG	D	0.43%	0.72%	0.43%
FI	A	1.53%	1.07%	1.07%
GOOG	C	0.95%	3.84%	0.95%
HCA	F	0.45%	0.48%	0.45%
HON	B	0.68%	0.91%	0.68%
JNJ	D	1.82%	1.02%	1.02%
JPM	A	1.23%	1.94%	1.23%
KO	D	0.72%	1.12%	0.72%
LIN	D	0.73%	1.3%	0.73%
LLY	F	1.19%	1.31%	1.19%
MAR	B	0.47%	1.12%	0.47%
MCD	D	0.46%	1.01%	0.46%
META	D	0.87%	2.52%	0.87%
MMC	B	0.67%	0.88%	0.67%
MS	A	0.56%	1.14%	0.56%
MSFT	F	0.65%	6.13%	0.65%
MSI	B	0.34%	0.9%	0.34%
NEE	D	0.59%	0.68%	0.59%
PG	A	0.72%	1.07%	0.72%
PGR	A	0.48%	1.66%	0.48%
PSA	D	0.44%	0.47%	0.44%
SO	D	1.67%	1.01%	1.01%
TJX	A	0.29%	0.84%	0.29%
TMO	F	1.12%	1.09%	1.09%
TMUS	B	0.88%	1.22%	0.88%
UNH	C	1.9%	1.3%	1.3%
VRTX	F	0.29%	0.49%	0.29%
WMT	A	1.89%	1.15%	1.15%
XOM	B	2.56%	1.83%	1.83%

TVAL Overweight 104 Positions Relative to ACIO

Symbol	Grade	Weight
CB	C	2.23%
HIG	B	1.96%
ELV	F	1.81%
WFC	A	1.77%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
AVB	B	1.22%
GE	D	1.21%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
SCHW	B	0.89%
WY	D	0.88%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
CL	D	0.84%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
TXN	C	0.7%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
KMB	D	0.66%
AEE	A	0.65%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
WMB	A	0.46%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
BLK	C	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
PLD	D	0.34%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
ROP	B	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 35 Positions Relative to ACIO

Symbol	Grade	Weight
NVDA	C	-7.06%
AAPL	C	-6.73%
AMZN	C	-3.83%
AVGO	D	-2.09%
NOW	A	-2.06%
TSLA	B	-1.93%
V	A	-1.8%
SYK	C	-1.76%
BRK.A	B	-1.7%
LMT	D	-1.68%
LOW	D	-1.24%
NFLX	A	-1.18%
INTU	C	-1.07%
ISRG	A	-1.02%
COST	B	-1.01%
CTAS	B	-0.97%
PHM	D	-0.82%
ABT	B	-0.79%
AMT	D	-0.79%
BMY	B	-0.72%
ICE	C	-0.7%
DLR	B	-0.68%
MKC	D	-0.67%
DUK	C	-0.63%
ETN	A	-0.62%
TYL	B	-0.6%
MO	A	-0.58%
DE	A	-0.57%
ADBE	C	-0.45%
SHW	A	-0.43%
BR	A	-0.41%
AMGN	D	-0.39%
FCX	D	-0.36%
ADP	B	-0.31%
SLB	C	-0.25%