TVAL vs. IGPT ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Invesco AI and Next Gen Software ETF (IGPT)

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

$33.28

Average Daily Volume

12,971

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

IGPT

Invesco AI and Next Gen Software ETF

IGPT Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of companies with significant exposure to technologies or products that contribute to future software development through direct revenue. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.73

Average Daily Volume

46,160

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	IGPT
30 Days	4.23%	3.74%
60 Days	4.79%	3.60%
90 Days	6.26%	6.97%
12 Months	29.35%	32.57%

8 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in IGPT	Overlap
AMD	F	0.22%	6.86%	0.22%
AME	A	0.31%	1.08%	0.31%
EQIX	A	0.16%	2.92%	0.16%
MCHP	F	0.27%	0.87%	0.27%
META	D	0.87%	8.18%	0.87%
MU	D	0.45%	3.77%	0.45%
QCOM	F	1.08%	4.16%	1.08%
WDC	C	0.6%	0.74%	0.6%

TVAL Overweight 136 Positions Relative to IGPT

Symbol	Grade	Weight
XOM	C	2.56%
CB	D	2.23%
HIG	B	1.96%
UNH	B	1.9%
WMT	B	1.89%
BAC	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	D	1.25%
JPM	B	1.23%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	A	0.89%
TMUS	A	0.88%
WY	D	0.88%
AIG	B	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	C	0.82%
C	A	0.81%
MCK	C	0.8%
MRK	F	0.8%
FITB	B	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	A	0.74%
CVX	B	0.73%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	D	0.7%
HUBB	B	0.7%
ACN	B	0.7%
GEV	C	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	A	0.67%
KMB	C	0.66%
MSFT	D	0.65%
AEE	A	0.65%
DHR	D	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
NEE	D	0.59%
VZ	B	0.58%
USB	A	0.56%
BA	D	0.56%
MS	B	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	F	0.5%
CSX	B	0.49%
HWM	B	0.48%
REXR	F	0.48%
PGR	A	0.48%
AZN	F	0.47%
MAR	A	0.47%
WMB	B	0.46%
CMCSA	C	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	A	0.46%
TDG	D	0.46%
HBAN	B	0.45%
ARES	B	0.45%
HCA	F	0.45%
PSA	C	0.44%
BLK	C	0.43%
FANG	F	0.43%
MDLZ	F	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LEN	C	0.42%
LVS	C	0.41%
LAMR	C	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	C	0.39%
ALL	B	0.39%
AMAT	F	0.38%
ABBV	D	0.36%
YUM	B	0.36%
BKR	C	0.35%
KEYS	B	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	C	0.34%
EFX	D	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	B	0.31%
TT	B	0.31%
OTIS	C	0.3%
CAT	B	0.3%
VRTX	D	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	C	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	F	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%

TVAL Underweight 55 Positions Relative to IGPT

Symbol	Grade	Weight
NVDA	C	-9.18%
GOOGL	C	-8.45%
ADBE	C	-6.73%
ISRG	C	-4.56%
INTC	C	-3.46%
CDNS	B	-2.5%
ADSK	B	-2.26%
MSTR	C	-1.96%
TTD	B	-1.93%
DLR	A	-1.89%
SNPS	B	-1.81%
MRVL	B	-1.61%
SNOW	C	-1.48%
HUBS	B	-1.22%
ANSS	B	-1.02%
EA	C	-0.83%
FTV	B	-0.71%
STX	D	-0.7%
GRMN	A	-0.65%
PINS	F	-0.61%
NTAP	C	-0.6%
ARM	D	-0.59%
DOCU	A	-0.56%
HPE	B	-0.5%
BIDU	F	-0.45%
IOT	B	-0.37%
PSTG	D	-0.32%
SMCI	D	-0.3%
BSY	D	-0.29%
ROKU	D	-0.28%
CGNX	C	-0.24%
LSCC	D	-0.24%
ESTC	C	-0.23%
U	C	-0.21%
ALTR	B	-0.19%
RDNT	C	-0.17%
CRDO	B	-0.17%
DLB	B	-0.14%
PEGA	A	-0.13%
NOVT	D	-0.13%
SLAB	D	-0.12%
CCOI	B	-0.11%
TDC	D	-0.1%
DV	C	-0.1%
FIVN	C	-0.1%
BRZE	C	-0.09%
MGNI	B	-0.08%
AMBA	A	-0.08%
IPGP	D	-0.08%
INFA	D	-0.06%
CLVT	F	-0.05%
VRNT	C	-0.05%
CXM	C	-0.04%
HLIT	F	-0.03%
MXL	C	-0.02%