Key stats
About T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF
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Inception date
Jun 14, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
T. Rowe Price Associates, Inc. (IM)
Distributor
T. Rowe Price Investment Services, Inc.
TVAL seeks long-term capital growth by actively managing a portfolio of US equities believed to be positioned for outperformance. The fund does not have market-cap restrictions but will target the large-cap space. In constructing the portfolio, the fund utilizes a value investment style that combines fundamental research and active, bottom-up stock selection aiming for stocks that appear underrated by the market. The adviser defines value using metrics that are unique to each company evaluated, such as: restructuring opportunities, undervalued assets, and dividend yield. Additionally, ratios such as price utilized in relation to earnings, book value, sales, and cash flow are also used. The fund may have substantial investments in the financial and healthcare sectors.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Stocks99.71%
Finance27.76%
Electronic Technology10.39%
Health Technology8.43%
Consumer Non-Durables7.30%
Energy Minerals7.23%
Utilities5.08%
Producer Manufacturing5.01%
Health Services4.98%
Retail Trade4.48%
Technology Services3.50%
Consumer Services3.11%
Process Industries2.59%
Transportation2.51%
Industrial Services1.92%
Distribution Services1.47%
Communications1.11%
Consumer Durables1.08%
Commercial Services1.01%
Non-Energy Minerals0.73%
Bonds, Cash & Other0.29%
Mutual fund0.31%
Cash−0.03%
Stock breakdown by region
North America93.19%
Europe6.19%
Asia0.45%
Oceania0.17%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history