TCAF vs. NBCR ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF (TCAF) to Neuberger Berman Core Equity ETF (NBCR)

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

NBCR

Neuberger Berman Core Equity ETF

NBCR Description

To pursue its goal, the fund invests mainly in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The portfolio managers seek to invest in a broadly diversified group of securities that have the potential to outperform the Russell 1000 Index with a lower level of risk through security selection.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

16,373

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

Performance

Period	TCAF	NBCR
30 Days	1.74%	2.81%
60 Days	2.92%	4.11%
90 Days	3.99%	5.52%
12 Months	28.41%

44 Overlapping Holdings

Symbol	Grade	Weight in TCAF	Weight in NBCR	Overlap
AAPL	C	5.34%	6.48%	5.34%
ABBV	D	0.67%	0.86%	0.67%
ACN	C	0.25%	0.47%	0.25%
ADSK	A	0.95%	0.17%	0.17%
AMD	F	1.02%	0.57%	0.57%
AMZN	C	4.51%	3.83%	3.83%
APH	A	0.04%	0.45%	0.04%
AVTR	F	0.67%	0.13%	0.13%
BA	F	0.09%	0.19%	0.09%
BKNG	A	0.34%	0.49%	0.34%
CNP	B	1.49%	0.09%	0.09%
CRM	B	1.63%	0.87%	0.87%
CSX	B	0.28%	0.27%	0.27%
DLTR	F	0.25%	0.25%	0.25%
DTE	C	1.31%	0.07%	0.07%
ELV	F	0.67%	0.26%	0.26%
GOOGL	C	3.12%	3.37%	3.12%
GS	A	0.1%	0.42%	0.1%
HUM	C	0.55%	0.2%	0.2%
ICE	C	1.06%	0.56%	0.56%
INTU	C	1.55%	0.62%	0.62%
IR	B	1.19%	0.36%	0.36%
KDP	D	0.46%	0.42%	0.42%
KKR	A	0.49%	0.61%	0.49%
LIN	D	1.24%	0.59%	0.59%
LLY	F	1.5%	1.19%	1.19%
LNT	A	0.12%	0.13%	0.12%
LRCX	F	0.32%	0.2%	0.2%
MA	C	1.53%	1.1%	1.1%
MCD	D	0.78%	0.58%	0.58%
MCK	B	1.05%	0.25%	0.25%
MLM	B	1.2%	0.25%	0.25%
MSFT	F	8.23%	6.01%	6.01%
NKE	D	0.36%	0.25%	0.25%
NVDA	C	6.12%	6.7%	6.12%
PNC	B	0.1%	0.31%	0.1%
RSG	A	0.44%	0.16%	0.16%
SLB	C	0.15%	0.26%	0.15%
SPGI	C	0.2%	0.74%	0.2%
TMO	F	0.93%	0.53%	0.53%
TT	A	0.05%	0.48%	0.05%
TW	A	0.1%	0.12%	0.1%
V	A	1.44%	1.23%	1.23%
WCN	A	1.64%	0.21%	0.21%

TCAF Overweight 49 Positions Relative to NBCR

Symbol	Grade	Weight
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%
VLTO	D	1.49%
RTX	C	1.47%
AVGO	D	1.39%
ABT	B	1.24%
NOC	D	1.18%
NI	A	1.09%
YUM	B	1.04%
MMC	B	0.98%
HLT	A	0.92%
CMS	C	0.82%
TDY	B	0.71%
AMT	D	0.7%
SCI	B	0.68%
AJG	B	0.62%
SBAC	D	0.55%
GEHC	F	0.54%
NXPI	D	0.53%
BIIB	F	0.53%
AUR	C	0.41%
SBUX	A	0.38%
EXC	C	0.34%
IEX	B	0.33%
ANSS	B	0.32%
MAR	B	0.28%
ARGX	A	0.26%
CME	A	0.24%
WTW	B	0.21%
AME	A	0.2%
MS	A	0.2%
CMG	B	0.16%
SYK	C	0.15%
MSCI	C	0.14%
DIS	B	0.14%
CDNS	B	0.12%
KLAC	D	0.12%
WEC	A	0.12%
XEL	A	0.11%
VMC	B	0.11%
INFA	D	0.1%
TYL	B	0.06%

TCAF Underweight 148 Positions Relative to NBCR

Symbol	Grade	Weight
GOOG	C	-1.94%
AON	A	-1.41%
JPM	A	-1.4%
HD	A	-1.22%
XOM	B	-1.15%
COST	B	-1.06%
ORCL	B	-0.99%
WFC	A	-0.99%
JNJ	D	-0.98%
UNM	A	-0.97%
GE	D	-0.94%
QCOM	F	-0.91%
TMUS	B	-0.88%
BSX	B	-0.87%
PG	A	-0.87%
NFLX	A	-0.81%
TDG	D	-0.77%
NOW	A	-0.77%
BAC	A	-0.76%
AIG	B	-0.76%
T	A	-0.75%
UBER	D	-0.74%
MDT	D	-0.72%
TJX	A	-0.71%
FI	A	-0.66%
TXN	C	-0.63%
ETN	A	-0.63%
CCL	B	-0.62%
FYBR	D	-0.6%
GM	B	-0.59%
SNPS	B	-0.58%
IWB	A	-0.56%
DKNG	B	-0.52%
AMAT	F	-0.52%
VRTX	F	-0.51%
CAT	B	-0.51%
CRWD	B	-0.51%
UL	D	-0.51%
ADI	D	-0.5%
ZBH	C	-0.5%
PH	A	-0.48%
CSCO	B	-0.46%
ALL	A	-0.45%
MMM	D	-0.44%
ULTA	F	-0.4%
COP	C	-0.4%
NVT	B	-0.39%
C	A	-0.39%
PLD	D	-0.38%
CARR	D	-0.36%
CL	D	-0.36%
MDLZ	F	-0.36%
BLK	C	-0.35%
MSI	B	-0.35%
LVS	C	-0.35%
NEE	D	-0.33%
CVS	D	-0.33%
DE	A	-0.33%
APO	B	-0.32%
URI	B	-0.32%
AMGN	D	-0.31%
GIS	D	-0.31%
EOG	A	-0.31%
REGN	F	-0.3%
TRU	D	-0.3%
NDAQ	A	-0.3%
AVY	D	-0.29%
NSC	B	-0.29%
BMY	B	-0.28%
MCO	B	-0.28%
FCX	D	-0.26%
LMT	D	-0.26%
GL	B	-0.26%
ORLY	B	-0.26%
HCA	F	-0.26%
DAL	C	-0.25%
AIZ	A	-0.25%
SHW	A	-0.24%
PSX	C	-0.24%
FANG	D	-0.24%
FITB	A	-0.24%
ASML	F	-0.23%
DUK	C	-0.23%
K	A	-0.22%
LEN	D	-0.22%
EHC	B	-0.22%
MET	A	-0.22%
FDX	B	-0.22%
SAIA	B	-0.21%
SRE	A	-0.2%
VTR	C	-0.2%
CHKP	D	-0.2%
J	F	-0.19%
AEP	D	-0.19%
DGX	A	-0.19%
EFX	F	-0.18%
DXCM	D	-0.18%
CNC	D	-0.18%
STZ	D	-0.17%
EA	A	-0.17%
MOH	F	-0.17%
D	C	-0.17%
VRSK	A	-0.17%
CEG	D	-0.17%
WMB	A	-0.16%
PEG	A	-0.16%
ELS	C	-0.16%
ECL	D	-0.16%
OKE	A	-0.16%
ETR	B	-0.16%
TKO	B	-0.15%
VST	B	-0.15%
FCPT	C	-0.14%
CFG	B	-0.14%
ESI	A	-0.14%
PCG	A	-0.14%
APTV	D	-0.14%
WRBY	B	-0.14%
APD	A	-0.14%
EQT	B	-0.13%
LNG	B	-0.13%
CDW	F	-0.13%
ENTG	D	-0.13%
IQV	D	-0.13%
IT	C	-0.13%
BLDR	D	-0.12%
MTCH	D	-0.12%
BK	A	-0.12%
NUE	C	-0.11%
FE	C	-0.11%
STWD	C	-0.11%
ON	D	-0.1%
INVH	D	-0.1%
STLD	B	-0.1%
EQR	B	-0.09%
TRGP	B	-0.09%
BMRN	D	-0.09%
UTZ	D	-0.08%
DTM	B	-0.08%
CCK	C	-0.08%
WIX	B	-0.08%
TOL	B	-0.07%
SMAR	A	-0.07%
GXO	B	-0.06%
WY	D	-0.06%
IONS	F	-0.05%
FBIN	D	-0.05%
BHP	F	-0.03%