TCAF vs. CGW ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Invesco S&P Global Water Index ETF (CGW)

TCAF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

TCAF Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.89

Average Daily Volume

565,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CGW

Invesco S&P Global Water Index ETF

CGW Description

The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the S&P Global Water Index. The fund invests at least 90% of total assets in common stock and American depositary receipts ("ADRs") that comprise the index depositary receipts representing common stocks included in the index. At each rebalancing the Water Index is comprised of 50 equity securities selected, based on investment and other criteria, from a universe of companies listed on global developed market exchanges. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.15

Average Daily Volume

27,372

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	CGW
30 Days	1.74%	-0.17%
60 Days	2.92%	-1.96%
90 Days	3.99%	-1.19%
12 Months	28.41%	20.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in TCAF	Weight in CGW	Overlap
	VLTO	D	1.49%	5.6%	1.49%

TCAF Overweight 92 Positions Relative to CGW

Symbol	Grade	Weight
MSFT	F	8.23%
NVDA	C	6.12%
AAPL	C	5.34%
AMZN	C	4.51%
GOOGL	C	3.12%
UNH	C	2.95%
FTV	C	2.71%
DHR	F	2.63%
BDX	F	2.48%
RVTY	F	2.44%
META	D	2.3%
AEE	A	1.91%
ROP	B	1.74%
PTC	A	1.67%
WCN	A	1.64%
CRM	B	1.63%
INTU	C	1.55%
MA	C	1.53%
LLY	F	1.5%
CNP	B	1.49%
RTX	C	1.47%
V	A	1.44%
AVGO	D	1.39%
DTE	C	1.31%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
IR	B	1.19%
NOC	D	1.18%
NI	A	1.09%
ICE	C	1.06%
MCK	B	1.05%
YUM	B	1.04%
AMD	F	1.02%
MMC	B	0.98%
ADSK	A	0.95%
TMO	F	0.93%
HLT	A	0.92%
CMS	C	0.82%
MCD	D	0.78%
TDY	B	0.71%
AMT	D	0.7%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	D	0.67%
AJG	B	0.62%
HUM	C	0.55%
SBAC	D	0.55%
GEHC	F	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
KKR	A	0.49%
KDP	D	0.46%
RSG	A	0.44%
AUR	C	0.41%
SBUX	A	0.38%
NKE	D	0.36%
EXC	C	0.34%
BKNG	A	0.34%
IEX	B	0.33%
LRCX	F	0.32%
ANSS	B	0.32%
CSX	B	0.28%
MAR	B	0.28%
ARGX	A	0.26%
DLTR	F	0.25%
ACN	C	0.25%
CME	A	0.24%
WTW	B	0.21%
AME	A	0.2%
MS	A	0.2%
SPGI	C	0.2%
CMG	B	0.16%
SYK	C	0.15%
SLB	C	0.15%
MSCI	C	0.14%
DIS	B	0.14%
CDNS	B	0.12%
LNT	A	0.12%
KLAC	D	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
GS	A	0.1%
PNC	B	0.1%
BA	F	0.09%
TYL	B	0.06%
TT	A	0.05%
APH	A	0.04%

TCAF Underweight 25 Positions Relative to CGW

Symbol	Grade	Weight
AWK	D	-7.93%
XYL	D	-7.3%
WTRG	B	-4.56%
ECL	D	-3.96%
WMS	D	-3.68%
PNR	A	-3.53%
BMI	B	-2.6%
CNM	D	-2.45%
ZWS	B	-2.25%
AWR	B	-2.01%
CWT	D	-1.9%
WTS	B	-1.75%
FELE	B	-1.69%
MWA	B	-1.53%
VMI	B	-1.38%
SJW	D	-1.04%
WTTR	B	-0.79%
MSEX	B	-0.76%
OTTR	C	-0.67%
LNN	B	-0.54%
HWKN	B	-0.49%
ERII	D	-0.46%
CWCO	C	-0.26%
MEG	F	-0.23%
TTI	C	-0.15%