T. Rowe Price Announces Addition of Three New Active Transparent Equity Exchange-Traded Funds

Published: 2025-06-12 14:50:42 ET TROW

Published on 06/12/2025 at 14:50

T. Rowe Price announced the addition of three new active transparent equity exchange-traded funds (ETF): T. Rowe Price Financials ETF (Ticker: TFNS), T. Rowe Price Health Care ETF (Ticker: TMED), and T. Rowe Price Natural Resources ETF (TURF). The new funds began trading on NASDAQ today. T. Rowe Price's active ETF roster now sits at 22 offerings.

Each of the three funds represents new and distinct strategies and has an expense ratio of 0.44%. The ETFs seek to provide long-term capital appreciation growth through exposure to their respective sectors: T. Rowe price Financials ETF (TFNS) invests at least 80% of its net assets in securities of companies servicing and operating in the financial services industry and typically maintains a portfolio of 50-70 companies. TFNS is managed by Matt Snowling, CFA®?

and Greg Locraft, two portfolio managers of the T. Rowe Price Financial Services Equity strategy. T. Rowe Price Health CareETF (TMED) invests at least 80% to its net assets in the securities of health care companies engaged in health care innovations. The fund's portfolio typically consists of 100 to 150 stocks and is diversified across health care, with a focus on biotechnology, pharmaceuticals, products and device providers, and health care service companies.TMED will be co-managed by Sal Rais, who covers biotech companies, and Jon Wood, who covers life science and diagnostic tools, and medical supplies and devices.

T. Rowe Price Natural resources ETF (TURF) invests at least 80% the net assets in the securities of natural resource companies, with primary focus on those engaged in the upstream extraction of energy, minerals and agriculture products. The fund typically holds 60-80 securities and invests in resource companies on a global basis. TURF is co-managed by five investment professionals: Rick de los Reyes, head of Commodities; and portfolio manager, Global Natural Resources Equity strategy; Shinwoo Kim, portfolio manager, Global Natural Resources equity strategy; Priyal Maniar, CFA®?, co-portfolio manager, TURF ETF; and investment analyst, North America Energy; John Qian, portfolio manager, Metals and Mining strategy; Tom Shelmerdine, portfolio manager, Precious Metals strategy.

T. Rowe Price introduced its first active ETFs in 2020, and today's launches bring the firm's lineup to 16 equity active ETFs and six fixed income active ETFs. The funds deliver key features associated with ETFs such as tax efficiency, more competitive expense ratios, and the flexibility to buy and sell shares throughout the trading day. Designed to outperform passive indexes, each T. Rowe Price active ETF applies the longstanding investing capabilities of the firm's active managers, based on rigorous global research and the regular practice of asking better questions, as they strive to deliver better investment outcomes for clients.