TCAF vs. ESG ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to FlexShares STOXX US ESG Impact Index Fund (ESG)

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

ESG

FlexShares STOXX US ESG Impact Index Fund

ESG Description

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX US ESG Impact Index.

Grade (RS Rating)

Last Trade

$140.22

Average Daily Volume

4,414

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	ESG
30 Days	1.74%	3.59%
60 Days	2.92%	3.59%
90 Days	3.99%	6.22%
12 Months	28.41%	27.36%

54 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in ESG	Overlap
AAPL	C	5.34%	4.84%	4.84%
ABT	B	1.24%	0.66%	0.66%
ACN	C	0.25%	1.12%	0.25%
ADSK	A	0.95%	0.33%	0.33%
AJG	B	0.62%	0.16%	0.16%
AMD	F	1.02%	0.74%	0.74%
AMT	D	0.7%	0.37%	0.37%
AMZN	C	4.51%	5.34%	4.51%
AVGO	D	1.39%	1.95%	1.39%
AVTR	F	0.67%	0.02%	0.02%
BDX	F	2.48%	0.11%	0.11%
BKNG	A	0.34%	0.55%	0.34%
CDNS	B	0.12%	0.13%	0.12%
CMG	B	0.16%	0.27%	0.16%
CMS	C	0.82%	0.05%	0.05%
CRM	B	1.63%	0.53%	0.53%
DIS	B	0.14%	0.81%	0.14%
DLTR	F	0.25%	0.04%	0.04%
ELV	F	0.67%	0.39%	0.39%
FTV	C	2.71%	0.1%	0.1%
GEHC	F	0.54%	0.17%	0.17%
GS	A	0.1%	0.92%	0.1%
HLT	A	0.92%	0.25%	0.25%
ICE	C	1.06%	0.44%	0.44%
IEX	B	0.33%	0.04%	0.04%
INTU	C	1.55%	0.48%	0.48%
KDP	D	0.46%	0.06%	0.06%
KLAC	D	0.12%	0.15%	0.12%
LLY	F	1.5%	2.2%	1.5%
LNT	A	0.12%	0.05%	0.05%
LRCX	F	0.32%	0.24%	0.24%
MA	C	1.53%	1.06%	1.06%
MAR	B	0.28%	0.28%	0.28%
MCD	D	0.78%	0.35%	0.35%
MCK	B	1.05%	0.26%	0.26%
META	D	2.3%	5.19%	2.3%
MMC	B	0.98%	0.27%	0.27%
MS	A	0.2%	0.26%	0.2%
MSCI	C	0.14%	0.12%	0.12%
MSFT	F	8.23%	4.72%	4.72%
NI	A	1.09%	0.04%	0.04%
NKE	D	0.36%	0.22%	0.22%
NXPI	D	0.53%	0.23%	0.23%
RSG	A	0.44%	0.07%	0.07%
SBUX	A	0.38%	0.19%	0.19%
SLB	C	0.15%	0.31%	0.15%
SPGI	C	0.2%	0.65%	0.2%
SYK	C	0.15%	0.56%	0.15%
TT	A	0.05%	0.38%	0.05%
UNH	C	2.95%	0.91%	0.91%
V	A	1.44%	2.11%	1.44%
WTW	B	0.21%	0.15%	0.15%
XEL	A	0.11%	0.06%	0.06%
YUM	B	1.04%	0.12%	0.12%

TCAF Overweight 39 Positions Relative to ESG

Symbol	Grade	Weight
NVDA	C	6.12%
GOOGL	C	3.12%
DHR	F	2.63%
RVTY	F	2.44%
AEE	A	1.91%
ROP	B	1.74%
PTC	A	1.67%
WCN	A	1.64%
CNP	B	1.49%
VLTO	D	1.49%
RTX	C	1.47%
DTE	C	1.31%
LIN	D	1.24%
MLM	B	1.2%
IR	B	1.19%
NOC	D	1.18%
TMO	F	0.93%
TDY	B	0.71%
SCI	B	0.68%
ABBV	D	0.67%
HUM	C	0.55%
SBAC	D	0.55%
BIIB	F	0.53%
KKR	A	0.49%
AUR	C	0.41%
EXC	C	0.34%
ANSS	B	0.32%
CSX	B	0.28%
ARGX	A	0.26%
CME	A	0.24%
AME	A	0.2%
WEC	A	0.12%
VMC	B	0.11%
TW	A	0.1%
INFA	D	0.1%
PNC	B	0.1%
BA	F	0.09%
TYL	B	0.06%
APH	A	0.04%

TCAF Underweight 205 Positions Relative to ESG

Symbol	Grade	Weight
JPM	A	-3.38%
BRK.A	B	-3.02%
TSLA	B	-2.83%
XOM	B	-2.63%
PG	A	-1.94%
WMT	A	-1.82%
JNJ	D	-1.79%
CVX	A	-1.36%
KO	D	-1.2%
BAC	A	-1.03%
MRK	F	-1.02%
COST	B	-1.01%
HD	A	-0.99%
CSCO	B	-0.96%
IBM	C	-0.95%
ADBE	C	-0.76%
ORCL	B	-0.74%
BLK	C	-0.72%
TJX	A	-0.67%
C	A	-0.64%
TXN	C	-0.62%
QCOM	F	-0.6%
UNP	C	-0.58%
MU	D	-0.54%
INTC	D	-0.53%
LOW	D	-0.51%
AMAT	F	-0.5%
ADP	B	-0.5%
UBER	D	-0.49%
DE	A	-0.44%
VRTX	F	-0.4%
USB	A	-0.39%
BMY	B	-0.39%
CTAS	B	-0.37%
NOW	A	-0.36%
MDLZ	F	-0.36%
PFE	D	-0.36%
MDT	D	-0.36%
APO	B	-0.35%
ZTS	D	-0.32%
WELL	A	-0.32%
PANW	C	-0.32%
GM	B	-0.32%
CL	D	-0.31%
CAT	B	-0.31%
CI	F	-0.3%
PYPL	B	-0.29%
TGT	F	-0.29%
VZ	C	-0.28%
GILD	C	-0.28%
CVS	D	-0.28%
AON	A	-0.27%
CRWD	B	-0.26%
CB	C	-0.26%
TRV	B	-0.24%
AFL	B	-0.23%
FLUT	A	-0.23%
BK	A	-0.23%
FDX	B	-0.22%
KMB	D	-0.22%
TFC	A	-0.21%
SNPS	B	-0.21%
BSX	B	-0.21%
DUK	C	-0.21%
KR	B	-0.2%
ROST	C	-0.2%
MET	A	-0.2%
CBRE	B	-0.2%
AEP	D	-0.2%
LULU	C	-0.19%
NEM	D	-0.19%
GIS	D	-0.18%
CEG	D	-0.18%
DFS	B	-0.18%
VICI	C	-0.17%
CMI	A	-0.17%
GWW	B	-0.17%
IT	C	-0.17%
ECL	D	-0.17%
HPQ	B	-0.17%
OTIS	C	-0.16%
SHW	A	-0.15%
FCX	D	-0.15%
HIG	B	-0.14%
PEG	A	-0.14%
HUBS	A	-0.14%
SRE	A	-0.14%
MCO	B	-0.13%
EA	A	-0.13%
EW	C	-0.13%
AWK	D	-0.13%
EIX	B	-0.13%
IRM	D	-0.13%
VRSK	A	-0.13%
ROK	B	-0.13%
ITW	B	-0.13%
NDAQ	A	-0.13%
WM	A	-0.13%
HPE	B	-0.12%
IQV	D	-0.12%
DD	D	-0.12%
EMR	A	-0.12%
TSCO	D	-0.12%
WY	D	-0.11%
WDC	D	-0.11%
VLO	C	-0.11%
DECK	A	-0.11%
CLX	B	-0.1%
XYL	D	-0.1%
OMC	C	-0.1%
FDS	B	-0.1%
EBAY	D	-0.1%
DOW	F	-0.1%
BKR	B	-0.1%
CTSH	B	-0.1%
HSY	F	-0.1%
WAB	B	-0.09%
BR	A	-0.09%
PSA	D	-0.09%
BBY	D	-0.09%
LII	A	-0.09%
AZO	C	-0.09%
KHC	F	-0.09%
K	A	-0.09%
CAH	B	-0.09%
DOC	D	-0.08%
ETR	B	-0.08%
D	C	-0.08%
LNG	B	-0.08%
FITB	A	-0.08%
NU	C	-0.08%
CCEP	C	-0.08%
NTAP	C	-0.08%
PFG	D	-0.08%
WSM	B	-0.08%
AIG	B	-0.08%
ADM	D	-0.08%
CCL	B	-0.08%
ALL	A	-0.08%
VTR	C	-0.07%
ZBRA	B	-0.07%
EXPE	B	-0.07%
STZ	D	-0.07%
GEN	B	-0.07%
XPO	B	-0.07%
BALL	D	-0.07%
PNR	A	-0.07%
STT	A	-0.07%
NVT	B	-0.06%
HOLX	D	-0.06%
IPG	D	-0.06%
MKC	D	-0.06%
GLW	B	-0.06%
A	D	-0.06%
IDXX	F	-0.06%
ESS	B	-0.06%
RF	A	-0.06%
ACM	A	-0.06%
CTVA	C	-0.06%
HBAN	A	-0.06%
EL	F	-0.06%
KEY	B	-0.05%
DOV	A	-0.05%
BURL	A	-0.05%
SMCI	F	-0.05%
FANG	D	-0.05%
DOX	D	-0.05%
MRO	B	-0.05%
SUI	D	-0.05%
RPRX	D	-0.05%
ARE	D	-0.05%
ED	D	-0.05%
MRNA	F	-0.04%
APTV	D	-0.04%
SWK	D	-0.04%
DPZ	C	-0.04%
WST	C	-0.04%
BAX	D	-0.04%
LVS	C	-0.04%
ZBH	C	-0.04%
AES	F	-0.04%
SNAP	C	-0.04%
PPL	B	-0.04%
NDSN	B	-0.04%
NRG	B	-0.04%
OC	A	-0.03%
CAG	D	-0.03%
LECO	B	-0.03%
BG	F	-0.03%
STX	D	-0.03%
TSN	B	-0.03%
EXPD	D	-0.03%
MAS	D	-0.03%
AKAM	D	-0.03%
JBL	B	-0.03%
OKTA	C	-0.02%
HST	C	-0.02%
SJM	D	-0.02%
DKS	C	-0.02%
LKQ	D	-0.02%
FFIV	B	-0.02%
TFX	F	-0.02%
RNR	C	-0.02%
PSTG	D	-0.02%
DG	F	-0.02%