TVAL vs. CGBL ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Capital Group Core Balanced ETF (CGBL)

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

$32.49

Average Daily Volume

11,689

Number of Holdings ^*

143

* may have additional holdings in another (foreign) market

CGBL

Capital Group Core Balanced ETF

CGBL Description

In seeking to pursue its investment objective, the fund varies its mix of direct or indirect exposure to equity securities, debt securities and money market instruments and cash. Under normal market conditions, the fund"s investment adviser will maintain the following investment mix: 50%-75% in equity securities, at least 25% in debt securities, and the remainder of the fund"s assets (if any) in money market instruments and cash. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.34

Average Daily Volume

335,560

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	CGBL
30 Days	-0.12%	-0.79%
60 Days	2.65%	0.71%
90 Days	4.84%	2.59%
12 Months	27.28%	21.02%

25 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in CGBL	Overlap
AMAT	F	0.38%	0.32%	0.32%
APO	A	0.46%	1.66%	0.46%
ARES	A	0.45%	0.68%	0.45%
BA	D	0.56%	0.8%	0.56%
CAT	C	0.3%	0.69%	0.3%
CMCSA	B	0.46%	1.14%	0.46%
CME	A	0.23%	0.48%	0.23%
COF	B	0.33%	0.73%	0.33%
COP	B	1.25%	0.51%	0.51%
GE	D	1.21%	0.52%	0.52%
GOOG	B	0.95%	1.87%	0.95%
HD	A	0.63%	1.65%	0.63%
JPM	A	1.23%	0.72%	0.72%
LHX	B	1.36%	1.2%	1.2%
LLY	F	1.19%	1.94%	1.19%
META	C	0.87%	3.01%	0.87%
MSFT	D	0.65%	3.26%	0.65%
PM	A	1.41%	2.11%	1.41%
REGN	F	0.42%	0.64%	0.42%
TDG	D	0.46%	0.51%	0.46%
TMO	F	1.12%	0.38%	0.38%
TSM	B	0.39%	2.46%	0.39%
UNH	C	1.9%	1.45%	1.45%
VRTX	D	0.29%	2.05%	0.29%
WFC	A	1.77%	0.48%	0.48%

TVAL Overweight 118 Positions Relative to CGBL

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
SO	C	1.67%
FI	A	1.53%
KVUE	A	1.49%
AVB	B	1.22%
SWK	F	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
SCHW	A	0.89%
TMUS	B	0.88%
WY	D	0.88%
AIG	C	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
C	B	0.81%
MCK	A	0.8%
MRK	F	0.8%
FITB	B	0.77%
NWSA	B	0.75%
VST	A	0.74%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	C	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	A	0.7%
TTE	F	0.7%
HON	A	0.68%
SRE	A	0.68%
MMC	D	0.67%
KMB	C	0.66%
AEE	A	0.65%
DHR	D	0.65%
IP	A	0.64%
RSG	A	0.62%
WDC	F	0.6%
NEE	C	0.59%
VZ	C	0.58%
USB	B	0.56%
MS	A	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	B	0.52%
ROK	B	0.52%
CF	A	0.52%
BAX	F	0.5%
CSX	C	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	B	0.48%
AZN	F	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	A	0.46%
MCD	D	0.46%
HBAN	B	0.45%
MU	D	0.45%
HCA	F	0.45%
PSA	C	0.44%
FANG	D	0.43%
MDLZ	F	0.43%
UNP	D	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	F	0.4%
ALL	A	0.39%
ABBV	F	0.36%
YUM	D	0.36%
BKR	B	0.35%
KEYS	C	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
EFX	F	0.33%
A	F	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
ROP	C	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
MCHP	F	0.27%
AXP	B	0.26%
SPGI	D	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	F	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	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 34 Positions Relative to CGBL

Symbol	Grade	Weight
CGCP	D	-26.19%
AVGO	C	-5.19%
BKNG	A	-2.08%
GILD	B	-1.58%
AON	B	-1.26%
AAPL	C	-1.13%
RCL	A	-1.11%
NVDA	A	-1.05%
RGLD	C	-0.93%
BX	A	-0.92%
MA	B	-0.9%
AJG	B	-0.88%
DE	C	-0.84%
GM	B	-0.8%
DFS	B	-0.78%
STZ	D	-0.78%
VICI	C	-0.76%
MO	A	-0.75%
ORCL	A	-0.69%
EXR	C	-0.68%
ATI	D	-0.68%
AMZN	B	-0.67%
IR	B	-0.61%
SBUX	A	-0.58%
ICE	C	-0.53%
DHI	D	-0.52%
ASML	F	-0.5%
DRI	C	-0.49%
OWL	A	-0.48%
KKR	A	-0.45%
MSTR	A	-0.42%
NKE	F	-0.42%
NUE	D	-0.39%
LUV	B	-0.38%