- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1307 Point Street Baltimore MD United States of America 21231
- IPO Date
- Jun 16, 2023
- Business
- T. Rowe Price Exchange-Traded Funds, Inc. is a Maryland corporation and open-end management investment company registered under the Investment Company Act of 1940 that offers a series of actively managed exchange-traded funds (ETFs). The company, incorporated on July 29, 2019, and headquartered at 100 East Pratt Street in Baltimore, Maryland, serves as the issuer for multiple ETFs listed primarily on NYSE Arca, Inc. and The Nasdaq Stock Market LLC; these include the T. Rowe Price Growth ETF (TGRT), which seeks long-term capital growth through a diversified portfolio of primarily large-cap growth stocks exhibiting rapid and durable earnings growth, above-average cash flow growth, and strong management; T. Rowe Price Capital Appreciation Equity ETF (TCAF); T. Rowe Price Floating Rate ETF (TFLR); T. Rowe Price Intermediate Municipal Income ETF (TAXE); T. Rowe Price International Equity ETF (TOUS); T. Rowe Price QM U.S. Bond ETF (TAGG); T. Rowe Price Small-Mid Cap ETF (TMSL); T. Rowe Price Technology ETF (TTEQ); T. Rowe Price Total Return ETF (TOTR); T. Rowe Price Ultra Short-Term Bond ETF (TBUX); T. Rowe Price U.S. High Yield ETF (THYF); and T. Rowe Price Value ETF (TVAL). The ETFs are sponsored and managed by T. Rowe Price Associates, Inc., which provides investment advisory services and oversees portfolio management focused on outperformance relative to benchmarks through active security selection across equity, fixed income, and multi-asset strategies.
In recent developments, T. Rowe Price has expanded its active ETF offerings through strategic partnerships, including a collaboration with Goldman Sachs Asset Management announced in early 2025 to launch co-branded model portfolios such as the Goldman Sachs T. Rowe Price Dynamic ETF Portfolio, Tax-Aware Dynamic ETF Portfolio, Dynamic Hybrid Portfolio, and Tax-Aware Dynamic Hybrid Portfolio, blending public and private market exposures for mass affluent and high-net-worth investors; these models incorporate funds from both firms and feature fee waivers through January 2027. The firm also introduced Active Core ETFs, including the T. Rowe Price Active Core US Equity ETF (TACU) and Active Core International Equity ETF (TACN), designed to outperform broad U.S. and international developed equity markets with 400-650 holdings managed by dedicated teams. Additionally, T. Rowe Price plans to launch active ETFs in Europe in 2026 and entered a significant strategic alliance with Goldman Sachs involving up to a $1 billion investment for target-date funds and private markets exposure in retirement plans.
The company's ETFs target individual investors, financial intermediaries, and institutions seeking tax-efficient, intraday-tradable vehicles with active management to pursue returns beyond passive indexing; they emphasize sectors such as technology, communication services, consumer cyclical, healthcare, and financial services, as exemplified by TGRT's top holdings including NVIDIA, Microsoft, Apple, Alphabet, and Broadcom. Operations are centered in the United States with principal listing exchanges in NYSE Arca and Nasdaq, though T. Rowe Price Group, Inc., the parent entity founded in 1937, maintains a global footprint across 17 international offices serving clients in 55 countries. Shares trade in the secondary market throughout the day at market prices, with creation and redemption of Creation Units (typically 5,000 shares) available only to Authorized Participants on a cash or in-kind basis.