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TACN

GradeANew York Stock Exchange Arca

T. Rowe Price Active Core International Equity ETF

Active Equity · T. Rowe · Inception 2025-12-10

$29.07+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Dec 12, 2025.History starts Dec 12, 2025.
Intraday session: up, 8 prints from 28.63 to 29.07. Range 28.63 to 29.08. Use the arrow keys to read each point.$28.60$28.80$29.00Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.20%
Fund size
$25M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$28.96
52W range
low $25.13high $29.66

The ETF.net TACN Grade

A

74/ 100

Rank 6 of 57 in International Active Equity⁠

Confidence Medium

Six-pillar profile for TACN. Scores out of 100: Cost 100, Risk 69, Mission not scored, Tradability 46, Holdings 74, Durability 31. Strongest: Cost (100). Weakest: Durability (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 100
    Category rank1/57 · top 2%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 69
    Category rank9/57 · top 16%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 46
    Category rank34/57 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 74
    Category rank14/53 · top 26%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 31
    Category rank51/57 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TACN

ETF.net Research

AActive management priced like an index fund: T. Rowe Price picks roughly 400 to 500 developed-market stocks outside the US, aiming to beat the broad ex-US market without drifting far from it, for 0.20% a year.

Stated mandate

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

Why people hold it

  1. 01The 0.20% fee sits far below the typical active international equity ETF, and T. Rowe waived it in full through January 30, 2027 at launch.prnewswire.comtroweprice.com
  2. 02Roughly 400 to 500 developed-market names outside the US, chosen by fundamental and quantitative research but built to a low tracking-error target. Core beta with a tilt, not a concentrated bet.prnewswire.com
  3. 03It undercuts the systematic heavyweights it lines up against, AVDE and DFIC, on price. Unusual for a stock-picking mandate, which normally charges up for the effort.
  4. 04Run by a four-person team drawing on T. Rowe Price's equity research bench, inside one of the larger active ETF lineups in the business.prnewswire.com

Worth knowing

  1. 01Trading began in December 2025, so there is limited history on how the active calls and the tracking discipline behave across a full market cycle.
  2. 02A small asset base and light trading for now, which can mean wider bid-ask spreads than the index giants in international equity.
  3. 03The stated goal is long-term capital growth rather than income, and the 0.20% fee applies once the contractual launch waiver ends.troweprice.com

TACN Holdings

As of Sep 20, 2026, 7:24 AM
Asset class
Stocks
Holdings
—
Top-10 weight
14%
Largest holding
ASML.AS3.2%

Geography

  • Japan24.94%
  • United Kingdom15.30%
  • France8.88%
  • Switzerland8.84%
  • Germany8.79%
  • Netherlands6.85%
  • Australia6.59%
  • Spain4.73%
  • Other countries (18)15.09%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ASML.ASASML HOLDING NV COMMON STOCK EUR.093.19%481$785K194
0028306.TMITSUBISHI UFJ FINANCIAL GRO COMMON STOCK1.51%15,800$372K155
003HSBA.LHSBC HOLDINGS PLC COMMON STOCK USD.51.48%17,643$363K145
004ROP.SWROCHE HOLDING AG COMMON STOCK CHF.0011.37%769$337K196
0056098.TRECRUIT HOLDINGS CO LTD COMMON STOCK1.18%2,600$291K165
006SHEL.LSHELL PLC COMMON STOCK EUR.071.12%5,777$276K159
007NOVN.SWNOVARTIS AG REG COMMON STOCK CHF.491.11%1,945$274K183
008BBVABANCO BILBAO VIZCAYA ARGENTA COMMON STOCK EUR.491.09%9,342$269K44
0096758.TSONY GROUP CORP COMMON STOCK1.03%10,600$254K162
010AZN.LASTRAZENECA PLC COMMON STOCK USD.251.01%1,497$249K164
0118316.TSUMITOMO MITSUI FINANCIAL GR COMMON STOCK1.01%5,600$249K135
012TTETOTALENERGIES SE COMMON STOCK EUR2.51.01%2,704$248K49
013SIE.DESIEMENS AG REG COMMON STOCK0.97%781$239K152
014UCG.MIUNICREDIT SPA COMMON STOCK0.96%2,471$238K154
015NESN.SWNESTLE SA REG COMMON STOCK CHF.10.95%2,461$233K162

Showing 1–15 of 510 holdings

TACN Performance

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

TACN$11,360
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. TACN $11,360. SPY $11,430. Use the arrow keys to read each point.$9,110$10,436$11,762Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+13.6%
1 month−1.4%
3 months+2.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+13.6%
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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Dec 2025. No distributions yet.

TACN Risk

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.
0.61
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.

TACN Cost

Expense ratio0.20%
  • The middle half of International Active Equity funds
  • Median 0.58%

No International Active Equity fund charges less.

TACN costs $20.00 a year on $10,000. The median International Active Equity fund costs $58.00.