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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$38.84

$124 M

2.19%

$0.85

0.54%

Vitals

YTD Return

6.9%

1 yr return

22.1%

3 Yr Avg Return

8.0%

5 Yr Avg Return

N/A

Net Assets

$124 M

Holdings in Top 10

25.0%

52 WEEK LOW AND HIGH

$39.0
$31.83
$39.37

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.50%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$38.84

$124 M

2.19%

$0.85

0.54%

TEQI - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.85%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    T. Rowe Price Equity Income ETF
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Aug 04, 2020
  • Shares Outstanding
    2550000
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Linehan

Fund Description

The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-cap stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics).

The fund typically employs a “value” approach in selecting investments. The fund’s in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

In selecting investments, the adviser generally looks for companies in the aggregate with one or more of the following:

·an established operating history;

·above-average dividend yield relative to the broader equity market;

·low price/earnings ratio relative to the broader equity market;

·a sound balance sheet and other positive financial characteristics; or

·low stock price relative to a company’s underlying value as measured by assets, cash flow, or business franchises.

The adviser generally seeks investments in large-cap companies and the fund’s yield, which reflects the level of dividends paid by the fund, is expected to normally exceed the yield of the Russell 1000® Value Index.

At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the financial sector.

The fund primarily invests in exchange-traded securities that trade synchronously with the fund’s shares, cash, and cash equivalents. The fund may also invest in American Depositary Receipts (ADRs) and common stocks listed on a foreign exchange that trade on such exchange synchronously with the fund’s shares (i.e., during the U.S. listing exchange’s trading hours).

The fund is an actively-managed, exchange-traded fund (ETF) that does not disclose portfolio holdings daily. In order to provide market participants with information on the fund’s investments, the fund will publish a “Proxy Portfolio” on its website daily. A Proxy Portfolio is a basket of securities that is designed to closely track the daily performance of the fund’s portfolio holdings. While the Proxy Portfolio includes some of the fund’s holdings, it is not the fund’s actual portfolio. The Proxy Portfolio could be based on a broad-based securities index or the fund’s recently disclosed portfolio holdings. The fund’s Portfolio Overlap is available on the fund’s website daily. The Portfolio Overlap is the percentage weight overlap between the holdings of the prior business day’s Proxy Portfolio compared to the holdings of the fund that formed the basis for the fund’s calculation of net asset value (NAV) at the end of the prior business day.

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TEQI - Performance

Return Ranking - Trailing

Period TEQI Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -4.5% 22.2% 55.16%
1 Yr 22.1% -5.0% 42.6% 53.43%
3 Yr 8.0%* -2.6% 31.5% 51.44%
5 Yr N/A* -0.1% 44.3% 59.85%
10 Yr N/A* 1.3% 24.9% 68.40%

* Annualized

Return Ranking - Calendar

Period TEQI Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -24.9% 46.1% 40.28%
2022 -5.6% -65.1% 4.6% 13.25%
2021 22.4% -44.2% 57.5% 19.62%
2020 N/A -23.2% 285.0% N/A
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period TEQI Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -4.5% 22.2% 55.16%
1 Yr 22.1% -5.0% 42.6% 53.43%
3 Yr 8.0%* -2.6% 31.5% 51.44%
5 Yr N/A* -0.1% 44.3% N/A
10 Yr N/A* 1.3% 24.9% N/A

* Annualized

Total Return Ranking - Calendar

Period TEQI Return Category Return Low Category Return High Rank in Category (%)
2023 9.6% -15.9% 46.7% 61.28%
2022 -3.3% -42.0% 8.5% 28.71%
2021 26.3% 3.6% 129.7% 47.14%
2020 N/A -22.6% 304.8% N/A
2019 N/A -12.7% 52.1% N/A

TEQI - Holdings

Concentration Analysis

TEQI Category Low Category High TEQI % Rank
Net Assets 124 M 93 163 B 84.09%
Number of Holdings 115 2 1689 28.56%
Net Assets in Top 10 34.8 M 420 K 33.9 B 84.05%
Weighting of Top 10 24.98% 5.6% 99.9% 63.14%

Top 10 Holdings

  1. Wells Fargo Co 3.07%
  2. TotalEnergies SE 2.96%
  3. QUALCOMM Inc 2.89%
  4. Southern Co/The 2.67%
  5. American International Group Inc 2.56%
  6. General Electric Co 2.41%
  7. Elevance Health Inc 2.32%
  8. Chubb Ltd 2.18%
  9. News Corp 2.08%
  10. CF Industries Holdings Inc 1.84%

Asset Allocation

Weighting Return Low Return High TEQI % Rank
Stocks
99.15% 1.86% 108.42% 33.36%
Cash
1.82% -0.79% 38.18% 38.42%
Preferred Stocks
0.00% 0.00% 13.88% 42.97%
Other
0.00% -3.53% 39.72% 52.06%
Convertible Bonds
0.00% 0.00% 3.66% 40.58%
Bonds
0.00% -0.71% 73.23% 28.04%

Stock Sector Breakdown

Weighting Return Low Return High TEQI % Rank
Financial Services
22.07% 0.00% 58.05% 21.50%
Healthcare
18.01% 0.00% 30.08% 45.68%
Industrials
9.99% 0.00% 42.76% 66.58%
Utilities
9.87% 0.00% 27.04% 5.61%
Technology
8.36% 0.00% 54.02% 75.65%
Energy
6.85% 0.00% 54.00% 67.10%
Consumer Defense
6.74% 0.00% 34.10% 72.45%
Consumer Cyclical
5.22% 0.00% 22.74% 60.10%
Communication Services
4.52% 0.00% 26.58% 66.84%
Real Estate
4.51% 0.00% 90.54% 26.42%
Basic Materials
3.86% 0.00% 21.69% 37.65%

Stock Geographic Breakdown

Weighting Return Low Return High TEQI % Rank
US
99.15% 1.86% 108.42% 26.24%
Non US
0.00% 0.00% 27.89% 49.40%

TEQI - Expenses

Operational Fees

TEQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.01% 17.54% 86.07%
Management Fee 0.54% 0.00% 1.50% 40.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

TEQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

TEQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TEQI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.50% 0.00% 488.00% 32.23%

TEQI - Distributions

Dividend Yield Analysis

TEQI Category Low Category High TEQI % Rank
Dividend Yield 2.19% 0.00% 36.55% 51.33%

Dividend Distribution Analysis

TEQI Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Semi-Annually

Net Income Ratio Analysis

TEQI Category Low Category High TEQI % Rank
Net Income Ratio 1.85% -1.51% 4.28% 20.98%

Capital Gain Distribution Analysis

TEQI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

TEQI - Fund Manager Analysis

Managers

John Linehan


Start Date

Tenure

Tenure Rank

Aug 04, 2020

1.82

1.8%

John Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy for T. Rowe Price. In addition, he is the chief investment officer of Equity and a member of the firm's US Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. Mr. Linehan is Chairman of the Investment Advisory Committee at T. Rowe. He is a large-cap value portfolio manager in the U.S. Equity Division and also co-chair of the Investment Advisory Committee for the Institutional Large-Cap Value Strategy. From February 2010 to June 2014, Mr. Linehan was head of U.S. Equity and chairman of the U.S. Equity Steering Committee. He is a member of the firm's U.S. Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. He earned a B.A. from Amherst College and an M.B.A. from Stanford University, where he was the Henry Ford II Scholar, an Arjay Miller Scholar, and the winner of the Alexander A. Robichek Award in finance. Mr. Linehan is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42