TOUS vs. FENI ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price International Equity ETF (TOUS) to Fidelity Enhanced International ETF (FENI)

TOUS

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

TOUS Description

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund normally invests at least 65% of its net assets (including any borrowings for investment purposes) in non-U.S. stocks. The fund will primarily invest in developed markets.

Grade (RS Rating)

Last Trade

$27.18

Average Daily Volume

8,428

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FENI

Fidelity Enhanced International ETF

FENI Description

The fund will normally invest at least 80% of assets in common stocks included in the MSCI EAFE Index, which is a market capitalization-weighted index that is designed to measure the investable equity market performance for global investors in developed markets, excluding the U.S. & Canada. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index.

Grade (RS Rating)

Last Trade

$27.96

Average Daily Volume

173,928

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOUS	FENI
30 Days	-4.12%	-4.05%
60 Days	-5.64%	-5.67%
90 Days	-5.59%	-6.17%
12 Months	10.63%	13.11%

11 Overlapping Holdings

Symbol	Grade	Weight in TOUS	Weight in FENI	Overlap
AZN	F	2.24%	0.08%	0.08%
BCS	A	0.82%	0.12%	0.12%
GSK	F	0.54%	0.49%	0.49%
HSBH	B	1.14%	1.0%	1.0%
MUFG	B	1.1%	0.53%	0.53%
NVS	F	0.88%	0.12%	0.12%
NVS	F	0.88%	1.57%	0.88%
SONY	B	0.51%	0.74%	0.51%
TM	F	1.02%	0.55%	0.55%
UL	D	1.56%	0.47%	0.47%
UL	D	1.56%	0.83%	0.83%

TOUS Overweight 8 Positions Relative to FENI

Symbol	Grade	Weight
NVO	F	2.53%
MELI	C	0.5%
AER	A	0.49%
KT	A	0.39%
BABA	D	0.37%
IBN	C	0.31%
SHOP	B	0.22%
STLA	F	0.14%

TOUS Underweight 20 Positions Relative to FENI

Symbol	Grade	Weight
ABBV	F	-0.78%
SE	A	-0.77%
BTI	B	-0.71%
WIX	A	-0.67%
NMR	B	-0.66%
QGEN	D	-0.56%
RIO	D	-0.47%
HSBC	A	-0.4%
SNY	F	-0.29%
ABBV	F	-0.27%
RELX	D	-0.24%
GMAB	F	-0.24%
VOD	F	-0.24%
NOK	D	-0.21%
BBVA	D	-0.13%
NWG	A	-0.11%
LYG	D	-0.11%
LOGI	D	-0.04%
SMFG	B	-0.03%
CCEP	C	-0.02%