TVAL vs. LCDS ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to JPMorgan Fundamental Data Science Large Core ETF (LCDS)

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

LCDS

JPMorgan Fundamental Data Science Large Core ETF

LCDS Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities of large, well established companies. Many of the equity securities in the fund"s portfolio will be technology companies or companies that rely heavily on technological advances. In managing the fund, the adviser employs a fundamental data science enabled investment approach that combines research, data insights, and risk management. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.58

Average Daily Volume

109

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	LCDS
30 Days	2.98%	2.99%
60 Days	4.22%	5.00%
90 Days	5.88%	6.45%
12 Months	29.14%

39 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in LCDS	Overlap
ABBV	D	0.36%	1.51%	0.36%
AXP	A	0.26%	1.46%	0.26%
AZO	C	0.52%	0.54%	0.52%
BAC	A	1.89%	1.34%	1.34%
CI	F	0.87%	0.6%	0.6%
CMCSA	B	0.46%	1.24%	0.46%
CME	A	0.23%	0.76%	0.23%
COP	C	1.25%	1.02%	1.02%
CSX	B	0.49%	1.1%	0.49%
DHR	F	0.65%	0.76%	0.65%
EOG	A	0.82%	1.14%	0.82%
EQIX	A	0.16%	0.25%	0.16%
HON	B	0.68%	1.12%	0.68%
HWM	A	0.48%	1.15%	0.48%
KO	D	0.72%	0.73%	0.72%
LIN	D	0.73%	0.13%	0.13%
LLY	F	1.19%	1.11%	1.11%
MCD	D	0.46%	0.87%	0.46%
MDLZ	F	0.43%	0.99%	0.43%
MET	A	0.22%	0.91%	0.22%
META	D	0.87%	3.39%	0.87%
MS	A	0.56%	0.66%	0.56%
MSFT	F	0.65%	7.47%	0.65%
MSI	B	0.34%	0.21%	0.21%
MU	D	0.45%	0.87%	0.45%
NEE	D	0.59%	0.73%	0.59%
PGR	A	0.48%	1.02%	0.48%
PLD	D	0.34%	0.61%	0.34%
PM	B	1.41%	1.45%	1.41%
REGN	F	0.42%	0.89%	0.42%
SO	D	1.67%	0.87%	0.87%
TJX	A	0.29%	0.53%	0.29%
TMUS	B	0.88%	0.69%	0.69%
TT	A	0.31%	1.32%	0.31%
UNH	C	1.9%	2.16%	1.9%
UPS	C	0.28%	1.22%	0.28%
VRTX	F	0.29%	0.45%	0.29%
WFC	A	1.77%	2.44%	1.77%
XOM	B	2.56%	1.79%	1.79%

TVAL Overweight 105 Positions Relative to LCDS

Symbol	Grade	Weight
CB	C	2.23%
HIG	B	1.96%
WMT	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
FI	A	1.53%
KVUE	A	1.49%
LHX	C	1.36%
JPM	A	1.23%
AVB	B	1.22%
GE	D	1.21%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
BDX	F	1.01%
EQH	B	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
WY	D	0.88%
AIG	B	0.87%
ZBH	C	0.85%
CL	D	0.84%
C	A	0.81%
MCK	B	0.8%
MRK	F	0.8%
FITB	A	0.77%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
CVX	A	0.73%
PG	A	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
AEE	A	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
VZ	C	0.58%
USB	A	0.56%
BA	F	0.56%
D	C	0.55%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
REXR	F	0.48%
AZN	D	0.47%
MAR	B	0.47%
WMB	A	0.46%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
HCA	F	0.45%
PSA	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
UNP	C	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%
AMAT	F	0.38%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
ADI	D	0.35%
EFX	F	0.33%
A	D	0.33%
COF	B	0.33%
STLD	B	0.32%
UAL	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%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CVS	D	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
DTE	C	0.17%

TVAL Underweight 48 Positions Relative to LCDS

Symbol	Grade	Weight
NVDA	C	-7.58%
AAPL	C	-5.88%
AMZN	C	-4.7%
GOOGL	C	-3.04%
MA	C	-1.98%
BMY	B	-1.47%
SYK	C	-1.47%
LOW	D	-1.33%
AVGO	D	-1.31%
CRM	B	-1.25%
TSLA	B	-1.14%
AMP	A	-1.13%
NXPI	D	-0.93%
INTU	C	-0.88%
NOC	D	-0.87%
BRK.A	B	-0.75%
SQ	B	-0.75%
DOV	A	-0.71%
FICO	B	-0.71%
DD	D	-0.71%
DLR	B	-0.7%
STX	D	-0.7%
PCG	A	-0.69%
APH	A	-0.68%
MDT	D	-0.66%
AXTA	A	-0.66%
TFC	A	-0.64%
HLT	A	-0.63%
SPOT	B	-0.62%
CMS	C	-0.59%
HPE	B	-0.58%
CMG	B	-0.55%
DE	A	-0.54%
LDOS	C	-0.53%
CTSH	B	-0.48%
PFGC	B	-0.47%
FCNCA	A	-0.41%
ELAN	D	-0.39%
WEX	D	-0.38%
BJ	A	-0.36%
MTG	C	-0.35%
COST	B	-0.34%
SNPS	B	-0.32%
CHD	B	-0.3%
LRCX	F	-0.22%
SBUX	A	-0.14%
APTV	D	-0.11%
EL	F	-0.1%