T. Rowe Price Financials ETF
TFNS
NASDAQ Global Select- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1307 Point Street Baltimore MD United States of America 21231
- IPO Date
- Jun 12, 2025
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Financials ETF (TFNS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in securities of financial companies, including those in banking, insurance, consumer finance, capital markets, government-sponsored financial enterprises, securities exchanges, real estate investment trusts, transaction and payment processing, mortgage finance, investment management, and financial services; the fund employs fundamental bottom-up analysis across growth and value approaches, targeting companies of any market capitalization and typically holding 50-70 U.S. common stocks, with minor international exposure. Offered by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, TFNS provides investors with targeted sector exposure through transparent daily portfolio disclosure and an expense ratio of 0.44%. The ETF trades on the NASDAQ exchange and primarily serves institutional and retail investors seeking concentrated financial services sector performance. TFNS launched on June 12, 2025, as part of T. Rowe Price's expansion of its active ETF lineup to 22 offerings at that time, alongside the Health Care ETF (TMED) and Natural Resources ETF (TURF); it is managed by portfolio managers Matt Snowling, CFA, and Greg Locraft, who draw from the firm's Financial Services Equity strategy. The fund reflects T. Rowe Price's ongoing strategy to grow its active ETF business, which has since expanded further with four new fixed income ETFs in November 2025—including Short Municipal Income ETF (TMNS), Long Municipal Income ETF (TMNL), High Income Municipal ETF (THYM), and Multi-Sector Income ETF (TMSF)—and active core ETFs in December 2025 blending active and passive elements. These developments underscore T. Rowe Price's commitment to diversifying its ETF roster across equity sectors, municipal bonds, and multi-asset income solutions amid increasing demand for active management in exchange-traded products.