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Launched

T. Rowe Price Active Core International Equity ETF

TACNNYSE ArcaA

$28.35+0.19 (+0.69%)

As of Oct 13, 2026, 3:32 PM

A74/ 100

Rank 5 of 57 in International Active Equity

A74/100Rank 5 of 57inInternational Active Equity
Intraday session: up, 8 prints from 28.16 to 28.35. Range 28.16 to 28.35. Use the arrow keys to read each point.28.2028.2528.3010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$24M
1Y total return
—
Yield · Last 12 months
—
Holdings
509
Avg volume · 30D
0M sh
NAV per share
$28.15
52W range
low $25.13high $29.66
Launched

The ETF.net TACN Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
International Active Equity⁠
Rank
5 of 57
Six-pillar profile for TACN. Scores out of 100: Cost 100, Risk 64, Mission not scored, Tradability 44, Holdings 82, Durability 30. Strongest: Cost (100). Weakest: Durability (30). Based on 5 of 6 pillars.

Score 74 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 57

  • 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.
    B64 out of 100
    Rank 11 of 57

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 37 of 57

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A82 out of 100
    Rank 8 of 53

  • 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 57

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 Oct 13, 2026
Asset class
Stocks
Holdings
509
Top-10 weight
15%
Largest holding
ASML.AS3.6%

Geography

  • Japan25.45%
  • United Kingdom15.26%
  • Switzerland9.05%
  • Germany8.88%
  • France8.37%
  • Netherlands7.09%
  • Australia6.64%
  • Spain4.39%
  • Other countries (19)14.88%

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.093.59%481$859K195
0028306.TMitsubishi Ufj Financial Gro Common Stock1.47%15,800$351K158
003ROP.SWRoche Holding AG Common Stock CHF.0011.39%769$333K199
004HSBA.LHsbc Holdings PLC Common Stock USD.51.36%17,643$326K144
0056098.TRecruit Holdings Co Ltd Common Stock1.23%2,600$293K169
006SHEL.LShell PLC Common Stock EUR.071.21%5,826$290K155
007NOVN.SWNovartis AG Reg Common Stock CHF.491.17%1,945$280K185
0086758.TSony Group Corp Common Stock1.07%10,600$257K162
009ALV.WAAllianz SE Reg Common Stock1.02%520$243K3
010BBVABanco Bilbao Vizcaya Argenta Common Stock EUR.491.02%9,342$243K44
011AZN.LAstrazeneca PLC Common Stock USD.251.00%1,497$239K162
012SIE.DESiemens AG Reg Common Stock1.00%781$239K153
013TTETotalenergies SE Common Stock EUR2.50.99%2,704$236K52
014BHP.AXBhp Group Ltd Common Stock0.98%5,445$235K152
0156857.TAdvantest Corp Common Stock0.98%900$235K179

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$11,051
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. TACN $11,051. SPY $11,500. Use the arrow keys to read each point.$9,144$10,452$11,759Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+10.5%
1 month−3.1%
3 months−0.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+10.5%
2025+1.1%

History from Dec 12, 2025

TACN in the news

Filtered to TACN · International Active Equity

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 Oct 12, 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.
0.65
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.

TACN Cost

Expense ratio0.20%
  • The middle half of International Active Equity funds
  • Median 0.59%

No International Active Equity fund charges less.

TACN costs $20.00 a year on $10,000. The median International Active Equity fund costs $59.00.

Other funds in International Active Equity

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