TCAF vs. FCTR ETF Comparison

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

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

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 ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	FCTR
30 Days	1.74%	9.38%
60 Days	2.92%	12.16%
90 Days	3.99%	17.79%
12 Months	28.41%	36.88%

38 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in FCTR	Overlap
AAPL	C	5.34%	0.65%	0.65%
ADSK	A	0.95%	0.42%	0.42%
AEE	A	1.91%	0.45%	0.45%
AME	A	0.2%	0.23%	0.2%
AMT	D	0.7%	0.33%	0.33%
AVGO	D	1.39%	0.47%	0.47%
BDX	F	2.48%	0.41%	0.41%
BKNG	A	0.34%	0.3%	0.3%
CDNS	B	0.12%	0.53%	0.12%
CMG	B	0.16%	0.22%	0.16%
CMS	C	0.82%	0.46%	0.46%
DTE	C	1.31%	0.4%	0.4%
EXC	C	0.34%	0.39%	0.34%
ICE	C	1.06%	0.78%	0.78%
INTU	C	1.55%	0.4%	0.4%
KDP	D	0.46%	0.44%	0.44%
KKR	A	0.49%	0.68%	0.49%
KLAC	D	0.12%	0.34%	0.12%
LLY	F	1.5%	0.79%	0.79%
LNT	A	0.12%	0.48%	0.12%
MA	C	1.53%	1.41%	1.41%
MCD	D	0.78%	0.66%	0.66%
META	D	2.3%	0.47%	0.47%
MMC	B	0.98%	0.55%	0.55%
MSCI	C	0.14%	0.5%	0.14%
MSFT	F	8.23%	0.37%	0.37%
NI	A	1.09%	0.54%	0.54%
NOC	D	1.18%	0.44%	0.44%
NVDA	C	6.12%	0.78%	0.78%
ROP	B	1.74%	0.43%	0.43%
RSG	A	0.44%	0.24%	0.24%
SBAC	D	0.55%	0.54%	0.54%
SPGI	C	0.2%	0.47%	0.2%
SYK	C	0.15%	1.37%	0.15%
TT	A	0.05%	0.82%	0.05%
V	A	1.44%	1.36%	1.36%
WEC	A	0.12%	0.47%	0.12%
YUM	B	1.04%	0.96%	0.96%

TCAF Overweight 55 Positions Relative to FCTR

Symbol	Grade	Weight
AMZN	C	4.51%
GOOGL	C	3.12%
UNH	C	2.95%
FTV	C	2.71%
DHR	F	2.63%
RVTY	F	2.44%
PTC	A	1.67%
WCN	A	1.64%
CRM	B	1.63%
CNP	B	1.49%
VLTO	D	1.49%
RTX	C	1.47%
LIN	D	1.24%
ABT	B	1.24%
MLM	B	1.2%
IR	B	1.19%
MCK	B	1.05%
AMD	F	1.02%
TMO	F	0.93%
HLT	A	0.92%
TDY	B	0.71%
SCI	B	0.68%
AVTR	F	0.67%
ELV	F	0.67%
ABBV	D	0.67%
AJG	B	0.62%
HUM	C	0.55%
GEHC	F	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
AUR	C	0.41%
SBUX	A	0.38%
NKE	D	0.36%
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%
MS	A	0.2%
SLB	C	0.15%
DIS	B	0.14%
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%
APH	A	0.04%

TCAF Underweight 127 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.4%
PLTR	B	-2.35%
MSI	B	-1.75%
VST	B	-1.72%
MSTR	C	-1.55%
FICO	B	-1.54%
PAYX	C	-1.49%
AXON	A	-1.42%
BR	A	-1.39%
ANET	C	-1.29%
ADP	B	-1.13%
CTAS	B	-1.08%
TDG	D	-1.04%
APO	B	-1.04%
ARES	A	-1.03%
LDOS	C	-0.99%
CL	D	-0.98%
BRO	B	-0.97%
VRSK	A	-0.94%
ROL	B	-0.93%
FDS	B	-0.92%
ISRG	A	-0.91%
FI	A	-0.91%
THC	D	-0.88%
VRSN	F	-0.88%
ITW	B	-0.86%
ACGL	D	-0.84%
HOOD	B	-0.84%
SYY	B	-0.81%
EME	C	-0.77%
HWM	A	-0.76%
TPL	A	-0.73%
MANH	D	-0.73%
TRGP	B	-0.7%
CRWD	B	-0.66%
PH	A	-0.63%
TTD	B	-0.62%
VICI	C	-0.61%
TJX	A	-0.6%
IRM	D	-0.6%
RCL	A	-0.57%
HUBS	A	-0.56%
NET	B	-0.55%
ZS	C	-0.55%
TOL	B	-0.53%
FAST	B	-0.53%
RBLX	C	-0.52%
KO	D	-0.52%
NOW	A	-0.52%
PANW	C	-0.51%
PG	A	-0.51%
DDOG	A	-0.51%
ORCL	B	-0.51%
PPL	B	-0.5%
PGR	A	-0.5%
TTWO	A	-0.5%
ETR	B	-0.5%
LNG	B	-0.5%
DRI	B	-0.5%
DUK	C	-0.49%
SNOW	C	-0.49%
SRE	A	-0.49%
FE	C	-0.49%
ROST	C	-0.48%
LMT	D	-0.48%
DASH	A	-0.48%
ALNY	D	-0.47%
BSX	B	-0.47%
DPZ	C	-0.46%
SNPS	B	-0.45%
ORLY	B	-0.45%
NFLX	A	-0.44%
SO	D	-0.44%
ERIE	D	-0.44%
AVB	B	-0.43%
URI	B	-0.43%
EIX	B	-0.42%
ED	D	-0.42%
PHM	D	-0.42%
MDT	D	-0.41%
AFL	B	-0.41%
O	D	-0.41%
PPG	F	-0.41%
MDB	C	-0.41%
GLPI	C	-0.41%
BSY	D	-0.4%
EQR	B	-0.4%
MCO	B	-0.4%
VRTX	F	-0.4%
ADBE	C	-0.39%
LW	C	-0.39%
AEP	D	-0.39%
DXCM	D	-0.39%
CARR	D	-0.38%
KMB	D	-0.38%
LII	A	-0.37%
AWK	D	-0.37%
GIS	D	-0.36%
MPWR	F	-0.36%
NVR	D	-0.36%
PWR	A	-0.36%
OKE	A	-0.35%
CSL	C	-0.35%
BX	A	-0.35%
HCA	F	-0.35%
DHI	D	-0.34%
RIVN	F	-0.34%
COST	B	-0.34%
PSA	D	-0.33%
IDXX	F	-0.32%
ETN	A	-0.3%
FCNCA	A	-0.3%
GWW	B	-0.29%
ATO	A	-0.27%
CPAY	A	-0.26%
HON	B	-0.25%
CSCO	B	-0.25%
CB	C	-0.24%
BRK.A	B	-0.24%
WM	A	-0.23%
CHD	B	-0.22%
MDLZ	F	-0.2%
MNST	C	-0.2%
PCAR	B	-0.2%
PEP	F	-0.2%
HSY	F	-0.19%
LECO	B	-0.18%