TVAL vs. INCM ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to Franklin Income Focus ETF (INCM)

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

$32.91

Average Daily Volume

12,620

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

INCM

Franklin Income Focus ETF

INCM Description

Under normal market conditions, the fund invests in a diversified portfolio of debt and equity securities. The fund may invest up to 30% of its assets in equity index-linked notes, with respect to which interest payments are typically derived from the implied volatility of an equity index (e.g., the S&P 500 Index) and 10% of its assets in equity linked notes (ELNs).

Grade (RS Rating)

Last Trade

$26.90

Average Daily Volume

142,797

Number of Holdings ^*

42

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	INCM
30 Days	2.08%	-0.18%
60 Days	3.98%	0.30%
90 Days	5.24%	1.01%
12 Months	28.36%	13.43%

28 Overlapping Holdings

	Symbol	Grade	Weight in TVAL	Weight in INCM	Overlap
	ABBV	F	0.36%	0.74%	0.36%
	ADI	D	0.35%	0.98%	0.35%
	BA	F	0.56%	0.39%	0.39%
	BAC	A	1.89%	1.17%	1.17%
	BHP	F	0.2%	0.76%	0.2%
	C	A	0.81%	0.01%	0.01%
	CMCSA	B	0.46%	0.0%	0.0%
	COP	C	1.25%	0.41%	0.41%
	CVX	A	0.73%	1.71%	0.73%
	HD	B	0.63%	0.81%	0.63%
	HON	C	0.68%	0.86%	0.68%
	JNJ	C	1.82%	1.22%	1.22%
	JPM	A	1.23%	1.54%	1.23%
	KO	D	0.72%	0.75%	0.72%
	MCHP	F	0.27%	0.45%	0.27%
	MRK	D	0.8%	0.01%	0.01%
	MS	A	0.56%	0.4%	0.4%
	MSFT	D	0.65%	0.15%	0.15%
	NEE	C	0.59%	0.51%	0.51%
	NEE	C	0.59%	0.47%	0.47%
	PG	C	0.72%	1.04%	0.72%
	PM	B	1.41%	0.92%	0.92%
	SO	C	1.67%	0.81%	0.81%
	SRE	A	0.68%	0.3%	0.3%
	TTE	F	0.7%	0.66%	0.66%
	USB	A	0.56%	0.81%	0.56%
	VZ	C	0.58%	0.74%	0.58%
	XOM	B	2.56%	1.51%	1.51%

TVAL Overweight 117 Positions Relative to INCM

	Symbol	Grade	Weight
	CB	C	2.23%
	HIG	B	1.96%
	UNH	B	1.9%
	WMT	A	1.89%
	ELV	F	1.81%
	WFC	A	1.77%
	FI	A	1.53%
	KVUE	A	1.49%
	LHX	C	1.36%
	AVB	B	1.22%
	GE	D	1.21%
	LLY	F	1.19%
	TMO	F	1.12%
	SWK	D	1.1%
	CMI	A	1.09%
	QCOM	F	1.08%
	BDX	F	1.01%
	EQH	C	1.0%
	GOOG	C	0.95%
	SCHW	B	0.89%
	TMUS	B	0.88%
	WY	F	0.88%
	META	D	0.87%
	AIG	B	0.87%
	CI	D	0.87%
	ZBH	C	0.85%
	CL	D	0.84%
	EOG	A	0.82%
	MCK	A	0.8%
	FITB	B	0.77%
	NWSA	A	0.75%
	VST	A	0.74%
	NSC	B	0.74%
	LIN	C	0.73%
	TXN	C	0.7%
	HUBB	B	0.7%
	ACN	B	0.7%
	GEV	B	0.7%
	MMC	B	0.67%
	KMB	C	0.66%
	AEE	A	0.65%
	DHR	F	0.65%
	IP	A	0.64%
	RSG	A	0.62%
	WDC	D	0.6%
	D	C	0.55%
	AZO	C	0.52%
	RPM	A	0.52%
	ROK	C	0.52%
	CF	A	0.52%
	BAX	F	0.5%
	CSX	C	0.49%
	HWM	A	0.48%
	REXR	F	0.48%
	PGR	A	0.48%
	AZN	F	0.47%
	MAR	A	0.47%
	WMB	A	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	C	0.44%
	BLK	B	0.43%
	FANG	C	0.43%
	MDLZ	F	0.43%
	REGN	F	0.42%
	UNP	C	0.42%
	CPAY	A	0.42%
	LEN	D	0.42%
	LVS	B	0.41%
	LAMR	C	0.4%
	KDP	F	0.4%
	CAG	F	0.4%
	TSM	B	0.39%
	ALL	A	0.39%
	AMAT	F	0.38%
	YUM	D	0.36%
	BKR	A	0.35%
	KEYS	A	0.35%
	PLD	F	0.34%
	MSI	B	0.34%
	EFX	F	0.33%
	A	D	0.33%
	COF	C	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%
	VRTX	D	0.29%
	ROP	B	0.29%
	TJX	A	0.29%
	MOH	F	0.28%
	UPS	C	0.28%
	CARR	C	0.27%
	AXP	A	0.26%
	SPGI	C	0.26%
	CDW	F	0.25%
	MGM	D	0.24%
	ZTS	D	0.23%
	CVS	D	0.23%
	CME	B	0.23%
	HAL	C	0.22%
	VMC	B	0.22%
	AMD	F	0.22%
	MET	A	0.22%
	DIS	B	0.2%
	AVY	F	0.19%
	SNY	F	0.19%
	DTE	C	0.17%
	EQIX	A	0.16%

TVAL Underweight 14 Positions Relative to INCM

	Symbol	Grade	Weight
	DUK	C	-1.13%
	LMT	D	-0.9%
	APD	A	-0.81%
	JCI	B	-0.78%
	PEP	F	-0.75%
	PFE	F	-0.69%
	TFC	A	-0.66%
	ALB	B	-0.63%
	RTX	D	-0.59%
	ITW	B	-0.56%
	CSCO	B	-0.54%
	SBUX	A	-0.49%
	XEL	A	-0.3%
	EIX	B	-0.28%

TVAL: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Semiconductors Diversified Industrials Health Care Plans Banks - Global Household & Personal Products Oil & Gas E&P Specialty Industrial Machinery Utilities - Regulated Electric Asset Management Banks - Regional - US Business Services Capital Markets Diagnostics & Research Insurance - Diversified Insurance - Property & Casualty Oil & Gas Integrated REIT - Industrial Railroads Aerospace & Defense

Keywords: S&P 500 Nasdaq 100 Natural Gas Dow Jones Component Insurance Electricity Bank Oil And Gas Aerospace Banking Computing Chemical Crude Oil Insurance Products Mining Semiconductor Cash Management Electronics Financial Products Health Insurance

INCM: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Drug Manufacturers - Major Aerospace & Defense Banks - Global Oil & Gas Integrated Banks - Regional - US Beverages - Soft Drinks Diversified Industrials Semiconductors Capital Markets Chemicals Communication Equipment Engineering & Construction Home Improvement Stores Household & Personal Products Industrial Metals & Minerals Oil & Gas E&P Pay TV Restaurants Software - Infrastructure

Keywords: S&P 500 Dow Jones Component Nasdaq 100 Natural Gas Electricity Bank Chemical Adhesives Banking Cash Management Liquefied Natural Gas Oil And Gas Petroleum Plastic Aerospace Aviation Crude Oil Ethernet Financial Products Investment Bank