TVAL vs. ESGA ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to American Century Sustainable Equity ETF (ESGA)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

ESGA

American Century Sustainable Equity ETF

ESGA Description

The investment seeks long-term capital growth. The fund will generally invest in large capitalization companies the advisor believes show sustainable business improvement using a proprietary multi-factor model that combines fundamental measures of a stock's value and growth potential with environmental, social, and governance (ESG) metrics. Under normal market conditions, it will invest at least 80% of its assets in sustainable equity securities. The fund is not permitted to invest in securities issued by companies assigned the Global Industry Classification Standard (GICS) or the Bloomberg Industry Classification Standard (BICS) for the tobacco industry.

Grade (RS Rating)

Last Trade

$71.87

Average Daily Volume

19,070

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	ESGA
30 Days	2.98%	2.15%
60 Days	4.22%	2.90%
90 Days	5.88%	3.81%
12 Months	29.14%	26.79%

44 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in ESGA	Overlap
A	D	0.33%	0.97%	0.33%
ABBV	D	0.36%	1.29%	0.36%
ACN	C	0.7%	0.77%	0.7%
ADI	D	0.35%	1.01%	0.35%
AMAT	F	0.38%	0.81%	0.38%
AMD	F	0.22%	1.28%	0.22%
AXP	A	0.26%	0.68%	0.26%
BAC	A	1.89%	0.9%	0.9%
BLK	C	0.43%	0.78%	0.43%
CDW	F	0.25%	0.54%	0.25%
CI	F	0.87%	0.89%	0.87%
CL	D	0.84%	0.29%	0.29%
CMI	A	1.09%	0.8%	0.8%
COP	C	1.25%	1.08%	1.08%
DHR	F	0.65%	1.26%	0.65%
DIS	B	0.2%	0.36%	0.2%
EOG	A	0.82%	1.01%	0.82%
EQIX	A	0.16%	0.71%	0.16%
HD	A	0.63%	1.66%	0.63%
HON	B	0.68%	0.66%	0.66%
JPM	A	1.23%	1.6%	1.23%
LIN	D	0.73%	1.1%	0.73%
LLY	F	1.19%	1.21%	1.19%
MDLZ	F	0.43%	0.73%	0.43%
MET	A	0.22%	0.54%	0.22%
META	D	0.87%	2.5%	0.87%
MMC	B	0.67%	0.61%	0.61%
MRK	F	0.8%	0.82%	0.8%
MS	A	0.56%	1.26%	0.56%
MSFT	F	0.65%	7.98%	0.65%
MSI	B	0.34%	0.74%	0.34%
NEE	D	0.59%	1.74%	0.59%
PG	A	0.72%	0.83%	0.72%
PGR	A	0.48%	0.75%	0.48%
PLD	D	0.34%	1.43%	0.34%
SPGI	C	0.26%	1.16%	0.26%
TJX	A	0.29%	1.01%	0.29%
TMO	F	1.12%	0.86%	0.86%
UNH	C	1.9%	1.97%	1.9%
UNP	C	0.42%	0.83%	0.42%
UPS	C	0.28%	0.46%	0.28%
VRTX	F	0.29%	0.4%	0.29%
VZ	C	0.58%	0.93%	0.58%
ZTS	D	0.23%	0.86%	0.23%

TVAL Overweight 100 Positions Relative to ESGA

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
WMT	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
WFC	A	1.77%
SO	D	1.67%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
AVB	B	1.22%
GE	D	1.21%
SWK	D	1.1%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	D	0.88%
AIG	B	0.87%
ZBH	C	0.85%
C	A	0.81%
MCK	B	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
KO	D	0.72%
TXN	C	0.7%
HUBB	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
KMB	D	0.66%
AEE	A	0.65%
IP	B	0.64%
RSG	A	0.62%
WDC	D	0.6%
USB	A	0.56%
BA	F	0.56%
D	C	0.55%
AZO	C	0.52%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
CMCSA	B	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
PSA	D	0.44%
FANG	D	0.43%
REGN	F	0.42%
CPAY	A	0.42%
LEN	D	0.42%
LVS	C	0.41%
LAMR	D	0.4%
KDP	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
EFX	F	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
OTIS	C	0.3%
CAT	B	0.3%
ROP	B	0.29%
MOH	F	0.28%
CARR	D	0.27%
MCHP	D	0.27%
MGM	D	0.24%
CVS	D	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
BHP	F	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%

TVAL Underweight 54 Positions Relative to ESGA

Symbol	Grade	Weight
AAPL	C	-7.02%
NVDA	C	-6.6%
GOOGL	C	-3.94%
AMZN	C	-3.32%
V	A	-1.49%
PEP	F	-1.12%
AVGO	D	-1.08%
JCI	C	-1.04%
TSLA	B	-0.96%
ETN	A	-0.94%
SLB	C	-0.93%
MA	C	-0.84%
RF	A	-0.83%
CDNS	B	-0.81%
COST	B	-0.8%
IBM	C	-0.8%
TGT	F	-0.8%
SYY	B	-0.79%
PH	A	-0.76%
ECL	D	-0.7%
ISRG	A	-0.67%
AMP	A	-0.62%
UBER	D	-0.6%
XYL	D	-0.59%
TSCO	D	-0.59%
ASML	F	-0.55%
WDAY	B	-0.54%
BALL	D	-0.5%
CRM	B	-0.49%
PRU	A	-0.48%
ICE	C	-0.47%
NVO	D	-0.46%
CSCO	B	-0.45%
APTV	D	-0.45%
AMGN	D	-0.44%
LKQ	D	-0.42%
DE	A	-0.42%
CMG	B	-0.41%
FDX	B	-0.39%
LMT	D	-0.37%
CRWD	B	-0.34%
URI	B	-0.31%
SQ	B	-0.3%
KMX	B	-0.29%
IDXX	F	-0.29%
DECK	A	-0.29%
NOW	A	-0.29%
YETI	C	-0.27%
ADBE	C	-0.24%
DXCM	D	-0.23%
BMY	B	-0.22%
ABNB	C	-0.18%
DT	C	-0.15%
SAIA	B	-0.15%