TVAL vs. FCTR ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

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

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR 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 Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	FCTR
30 Days	2.98%	9.38%
60 Days	4.22%	12.16%
90 Days	5.88%	17.79%
12 Months	29.14%	36.88%

40 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in FCTR	Overlap
AEE	A	0.65%	0.45%	0.45%
AME	A	0.31%	0.22%	0.22%
APO	B	0.46%	1.03%	0.46%
ARES	A	0.45%	1.04%	0.45%
AVB	B	1.22%	0.43%	0.43%
BDX	F	1.01%	0.39%	0.39%
BLK	C	0.43%	0.45%	0.43%
CARR	D	0.27%	0.38%	0.27%
CB	C	2.23%	0.23%	0.23%
CL	D	0.84%	1.01%	0.84%
CPAY	A	0.42%	0.26%	0.26%
DTE	C	0.17%	0.4%	0.17%
FI	A	1.53%	0.92%	0.92%
HCA	F	0.45%	0.33%	0.33%
HON	B	0.68%	0.24%	0.24%
HWM	A	0.48%	0.79%	0.48%
KDP	D	0.4%	0.42%	0.4%
KMB	D	0.66%	0.39%	0.39%
KO	D	0.72%	0.52%	0.52%
LLY	F	1.19%	0.72%	0.72%
MCD	D	0.46%	0.65%	0.46%
MDLZ	F	0.43%	0.19%	0.19%
META	D	0.87%	0.45%	0.45%
MMC	B	0.67%	0.54%	0.54%
MSFT	F	0.65%	0.36%	0.36%
MSI	B	0.34%	1.73%	0.34%
PG	A	0.72%	0.52%	0.52%
PGR	A	0.48%	0.48%	0.48%
PSA	D	0.44%	0.34%	0.34%
ROP	B	0.29%	0.42%	0.29%
RSG	A	0.62%	0.24%	0.24%
SO	D	1.67%	0.44%	0.44%
SPGI	C	0.26%	0.47%	0.26%
SRE	A	0.68%	0.5%	0.5%
TDG	D	0.46%	0.99%	0.46%
TJX	A	0.29%	0.6%	0.29%
TT	A	0.31%	0.82%	0.31%
VRTX	F	0.29%	0.37%	0.29%
VST	B	0.74%	1.86%	0.74%
YUM	B	0.36%	0.95%	0.36%

TVAL Overweight 104 Positions Relative to FCTR

Symbol	Grade	Weight
XOM	B	2.56%
HIG	B	1.96%
UNH	C	1.9%
WMT	A	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
JPM	A	1.23%
GE	D	1.21%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
AIG	B	0.87%
CI	F	0.87%
ZBH	C	0.85%
EOG	A	0.82%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
NSC	B	0.74%
CVX	A	0.73%
LIN	D	0.73%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
DHR	F	0.65%
IP	B	0.64%
HD	A	0.63%
WDC	D	0.6%
NEE	D	0.59%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
MS	A	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%
CSX	B	0.49%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
HBAN	A	0.45%
MU	D	0.45%
FANG	D	0.43%
REGN	F	0.42%
UNP	C	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
BKR	B	0.35%
KEYS	A	0.35%
ADI	D	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%
OTIS	C	0.3%
CAT	B	0.3%
MOH	F	0.28%
UPS	C	0.28%
MCHP	D	0.27%
AXP	A	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%
AMD	F	0.22%
MET	A	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
EQIX	A	0.16%

TVAL Underweight 126 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.82%
PLTR	B	-2.43%
MSTR	C	-2.06%
FICO	B	-1.51%
AXON	A	-1.45%
PAYX	C	-1.42%
BR	A	-1.37%
SYK	C	-1.36%
MA	C	-1.36%
V	A	-1.34%
ANET	C	-1.24%
ADP	B	-1.1%
CTAS	B	-1.05%
BRO	B	-0.94%
VRSK	A	-0.93%
HOOD	B	-0.92%
ISRG	A	-0.91%
FDS	B	-0.9%
ROL	B	-0.9%
VRSN	F	-0.87%
ITW	B	-0.84%
THC	D	-0.81%
ACGL	D	-0.8%
LDOS	C	-0.8%
SYY	B	-0.77%
EME	C	-0.77%
NVDA	C	-0.77%
ICE	C	-0.77%
TPL	A	-0.75%
TRGP	B	-0.73%
MANH	D	-0.7%
CRWD	B	-0.68%
KKR	A	-0.68%
AAPL	C	-0.66%
VICI	C	-0.63%
PH	A	-0.62%
IRM	D	-0.61%
TTD	B	-0.59%
NET	B	-0.58%
DDOG	A	-0.56%
RCL	A	-0.56%
HUBS	A	-0.55%
NI	A	-0.55%
CDNS	B	-0.54%
ZS	C	-0.53%
SBAC	D	-0.53%
LNG	B	-0.52%
FAST	B	-0.52%
TOL	B	-0.52%
NOW	A	-0.51%
SNOW	C	-0.51%
TTWO	A	-0.51%
PPL	B	-0.51%
ORCL	B	-0.51%
FE	C	-0.5%
PANW	C	-0.5%
ETR	B	-0.5%
MSCI	C	-0.49%
DRI	B	-0.49%
RBLX	C	-0.49%
LNT	A	-0.49%
DUK	C	-0.49%
WEC	A	-0.48%
DASH	A	-0.47%
NFLX	A	-0.47%
ROST	C	-0.47%
BSX	B	-0.47%
CMS	C	-0.46%
ERIE	D	-0.45%
LMT	D	-0.45%
DPZ	C	-0.45%
SNPS	B	-0.44%
ED	D	-0.43%
ALNY	D	-0.43%
AVGO	D	-0.43%
ORLY	B	-0.43%
EIX	B	-0.43%
ADSK	A	-0.42%
PHM	D	-0.42%
GLPI	C	-0.42%
URI	B	-0.41%
AEP	D	-0.41%
PPG	F	-0.41%
O	D	-0.41%
MDB	C	-0.4%
EXC	C	-0.4%
DXCM	D	-0.4%
EQR	B	-0.4%
NOC	D	-0.4%
AFL	B	-0.4%
MDT	D	-0.39%
MCO	B	-0.39%
AWK	D	-0.38%
LW	C	-0.37%
ADBE	C	-0.37%
PWR	A	-0.37%
INTU	C	-0.37%
LII	A	-0.37%
BSY	D	-0.37%
NVR	D	-0.36%
BX	A	-0.36%
OKE	A	-0.36%
GIS	D	-0.35%
AMT	D	-0.34%
COST	B	-0.34%
DHI	D	-0.34%
CSL	C	-0.33%
KLAC	D	-0.32%
RIVN	F	-0.32%
MPWR	F	-0.31%
IDXX	F	-0.31%
FCNCA	A	-0.31%
ETN	A	-0.3%
BKNG	A	-0.29%
GWW	B	-0.28%
ATO	A	-0.27%
CSCO	B	-0.25%
BRK.A	B	-0.24%
CHD	B	-0.23%
CMG	B	-0.22%
WM	A	-0.22%
PEP	F	-0.2%
HSY	F	-0.19%
PCAR	B	-0.19%
MNST	C	-0.19%
LECO	B	-0.17%