T. Rowe PriceForeign Large BlendTIER · NYSE Arca

T. Rowe Price International Equity Research ETF (TIER)

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Price: $31.19; —12 Nov 2026
Assets: $134.8M; Total net assets
Expense ratio: 0.38%; Category 0.85%
Yield: 0.68%; Trailing distributions

1Y return: 11.7%0.0%; Category 11.7%
3Y CAGR: —; Category 18.2%
5Y CAGR: —; Category 8.0%

$31.19—12 Nov 2026

Fund

Assets: $134.8M
Expense: 0.38%
Categ. exp: 0.85%
Yield: 0.68%

ReturnFundCateg.

1Y11.7%11.7%

3Y—18.2%

5Y—8.0%

Launch16.9%—

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T. Rowe Price International Equity Research ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-1.7%	-5.9%	-1.7%	+10.4%	+11.7%	—	—	—	+16.9%
Foreign Large Blend average	-0.6%	-4.4%	0.8%	10.2%	11.7%	18.2%	8.0%	9.5%	10.4%
Difference	-1.1%	-1.6%	-2.4%	+0.2%	0.0%	—	—	—	+6.5%

Holdings

The 10 largest positions make up 16.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
2330.TW	Taiwan Semiconductor Manufacturing Co Ltd	3.68%
TSM	Taiwan Semiconductor Manufacturing Co Ltd ADR	2.51%
ASML	ASML Holding NV ADR	2.03%
000660.KQ	SK hynix Inc	1.96%
SMSN	Samsung Electronics Co Ltd DR	1.51%
RY	Royal Bank of Canada	0.98%
AZN.L	AstraZeneca PLC	0.97%
005930.KQ	Samsung Electronics Co Ltd	0.93%
HSBA.L	HSBC Holdings PLC	0.91%
2454.TW	MediaTek Inc	0.89%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 16.6
P/B: 2.5
P/S: 2.1
P/CF: 12.4

Sector allocation

Share of the equity the fund holds.

Financial services25.8%
Technology23.4%
Industrials13.3%
Consumer discretionary6.9%
Materials6.8%
Health care6.6%
Energy5.4%
Communication services5.1%
Consumer staples4.0%
Utilities2.0%
Real estate0.6%

Asset mix

Stocks99.0%
Cash0.5%
Bonds0.4%
Other0.1%

ETF details

Issuer: T. Rowe Price
Category: Equity · Foreign Large Blend
Ticker: TIER
Exchange: NYSE Arca
Inception: 25 Jun 2025 (1.4 years)
Structure: Exchange Traded Fund
Expense ratio: 0.38% (category 0.85%)
Holdings turnover: 14% (category 45%)
Distribution yield: 0.68%
Beta, 3 years: 0.00
Total net assets: $134.8M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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