Skip to content
etf.net

Launched

T. Rowe Price Active Core International Equity ETF

TACNNYSE ArcaT. Rowe PriceA

$28.50+0.23 (+0.81%)

At close: Nov 2, 2026, 4:00 PM ET

A76/ 100

Rank 5 of 56 in International Active Equity

A76/100Rank 5 of 56inInternational Active Equity
Intraday session: up, 72 prints from 28.27 to 28.50. Range 28.27 to 28.54. Use the arrow keys to read each point.28.3028.3528.4028.4528.5510 AM12 PM2 PM4 PM
Expense ratio
0.00%*
Fund size
$24M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
509
Avg volume · 30D
2.59K sh
52W range
low $25.13high $29.97
Launched

*After a fee waiver that ends Jan 30, 2027. Without it: 0.20%.

The ETF.net TACN Grade

Based on 5 of 6 pillars

A

Score 76 out of 100

Category
International Active Equity⁠
Rank
5 of 56
Six-pillar profile for TACN. Scores out of 100: Cost 100, Risk 70, Mission not scored, Tradability 46, Holdings 82, Durability 30. Strongest: Cost (100). Weakest: Durability (30). Based on 5 of 6 pillars.

Score 76 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A100 out of 100
    Rank 1 of 56

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A70 out of 100
    Rank 6 of 56

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 34 of 56

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A82 out of 100
    Rank 8 of 52

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D30 out of 100
    Rank 51 of 56

Our read on TACN

ETF.net Research

In short

AT. Rowe Price's index-aware take on developed international stocks: it shadows the MSCI EAFE benchmark while nudging weights, and the fee is waived to 0.00% through January 30, 2027 (0.20% gross).

Stated mandate

The fund's goal is to achieve long-term capital growth.

Why people hold it

  • Fee waived to zero through January 30, 2027, then the 0.20% gross rate applies. Top-scoring active international peers AVDE (0.23%) and DFIC (0.22%) charge more, with no waiver.troweprice.com
  • Built around the MSCI EAFE Index: an optimizer modestly over- and underweights names, targeting tracking error above most passive funds and below most active ones.sec.govtroweprice.com
  • Names come from T. Rowe's quant models plus bottom-up fundamental research (valuation, profitability, financial stability, earnings quality), with at least 80% of net assets normally in equities.sec.govtroweprice.com
  • Despite being new, it already stands among the strongest-rated funds in a crowded active international equity group, with long-term capital growth as the stated goal.

Worth knowing

  • Launched December 10, 2025, so the track record is short and assets are still small. Trading is thin, which can mean wider spreads than at big index rivals.
  • The zero fee is contractual, not permanent: it runs through January 30, 2027, after which the 0.20% gross expense ratio kicks in.troweprice.com
  • Low tracking error is the design, not a bug. The active tilt is deliberately modest, so the portfolio is built to hug EAFE rather than stray from it.sec.gov

TACN Holdings

Holdings pillarA82 out of 100Rank 8 of 52 in International Active Equity
Asset class
Stocks
Holdings
509
Top-10 weight
15%
Largest holding
ASML.AS3.2%

Geography

  • Japan24.45%
  • United Kingdom14.62%
  • Switzerland9.54%
  • France9.14%
  • Germany8.20%
  • Australia6.90%
  • Netherlands5.88%
  • Spain4.21%
  • Other countries (17)17.06%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ASML.ASAsml Holding NV Common Stock EUR.093.16%481$756K196
2ROP.SWRoche Holding AG Common Stock CHF.0011.57%769$376K203
38306.TMitsubishi Ufj Financial Gro Common Stock1.42%15,800$341K161
4SHEL.LShell PLC Common Stock EUR.071.31%5,826$315K155
5NOVN.SWNovartis AG Reg Common Stock CHF.491.31%1,945$314K189
6HSBA.LHsbc Holdings PLC Common Stock USD.51.26%17,643$302K145
76098.TRecruit Holdings Co Ltd Common Stock1.22%2,400$292K167
8AZN.LAstrazeneca PLC Common Stock USD.251.16%1,497$279K166
96758.TSony Group Corp Common Stock1.12%10,600$269K167
10TTETotalenergies SE Common Stock EUR2.51.08%2,704$259K62
11ALV.WAAllianz SE Reg Common Stock1.06%520$254K3
12NESN.SWNestle SA Reg Common Stock CHF.11.05%2,461$252K166
138316.TSumitomo Mitsui Financial Gr Common Stock1.04%12,400$250K139
14SAP.DESap SE Common Stock0.97%985$231K175
15SIE.DESiemens AG Reg Common Stock0.96%781$231K155

Showing 1–15 of 509 holdings

TACN Performance

Launched Dec 10, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TACN$11,137
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,115
Dec 31, 2025 to Nov 2, 2026. TACN $11,137. SPY $11,115. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TACN. Periods over one year show the average yearly return.
PeriodTACN
Year to date+11.4%
1 month+0.5%
3 months−1.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TACN
YearReturn barTACN
2026 YTD+11.4%
2025+1.1%

History from Dec 12, 2025

TACN in the news

TACN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Dec 2025. No distributions yet.

TACN Risk

Risk pillarA70 out of 100Rank 6 of 56 in International Active Equity
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TACN Cost

Cheapest in International Active Equity

$0

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TACN 0.00%

    $0

$10,000
30 years

Cost over time

  • TACN 0.00%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1051015202530TACN $0

Year by year

YearTACN
10$0
20$0
30$0
How the 0.00% is worked out

Full fee 0.20%− waiver 0.20%= you pay 0.00%

The waiver ends Jan 30, 2027. After that the fee is 0.20% unless T. Rowe Price renews it. Source: prospectus, Dec 2025.

Other funds in International Active Equity

See others