T. Rowe PriceLarge GrowthTNXT · Nasdaq

T. Rowe Price Innovation Leaders ETF (TNXT)

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Price: $27.74; —12 Nov 2026
Assets: $18.8M; Total net assets
Expense ratio: 0.49%; Category 0.90%
Yield: —; Trailing distributions

1Y return: —; Category 4.1%
3Y CAGR: —; Category 20.5%
5Y CAGR: —; Category 8.0%

$27.74—12 Nov 2026

Fund

Assets: $18.8M
Expense: 0.49%
Categ. exp: 0.90%
Yield: —

ReturnFundCateg.

1Y—4.1%

3Y—20.5%

5Y—8.0%

Launch11.6%—

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T. Rowe Price Innovation Leaders 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	-3.9%	-3.4%	+2.6%	—	—	—	—	—	+11.6%
Large Growth average	-6.8%	-6.7%	-3.4%	4.9%	4.1%	20.5%	8.0%	16.0%	10.3%
Difference	+2.9%	+3.3%	+6.0%	—	—	—	—	—	+1.3%

Holdings

The 10 largest positions make up 34.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
NVDA	NVIDIA Corp	8.25%
AAPL	Apple Inc	5.26%
MSFT	Microsoft Corp	3.83%
AMZN	Amazon.com Inc	3.33%
AMD	Advanced Micro Devices Inc	2.66%
AVGO	Broadcom Inc	2.62%
META	Meta Platforms Inc Class A	2.58%
GOOGL	Alphabet Inc Class A	2.06%
GOOG	Alphabet Inc Class C	1.91%
MU	Micron Technology Inc	1.87%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 28.1
P/B: 6.3
P/S: 3.3
P/CF: 19.8

Sector allocation

Share of the equity the fund holds.

Technology45.8%
Health care25.6%
Communication services7.6%
Financial services7.1%
Consumer discretionary6.6%
Industrials5.1%
Consumer staples1.0%
Materials0.7%
Utilities0.3%
Energy0.3%

Asset mix

Stocks99.7%
Cash0.3%

ETF details

Issuer: T. Rowe Price
Category: Equity · Large Growth
Ticker: TNXT
Exchange: Nasdaq
Inception: 28 Jan 2026 (0.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.49% (category 0.90%)
Holdings turnover: 0% (category 62%)
Distribution yield: —
Beta, 3 years: 0.00
Total net assets: $18.8M

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

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