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Launched

T. Rowe Price International Equity Research ETF

TIERNYSE ArcaT. Rowe PriceB

$31.18+0.17 (+0.56%)

As of Nov 2, 2026, 3:14 PM ET

B64/ 100

Rank 16 of 56 in International Active Equity

B64/100Rank 16 of 56inInternational Active Equity
Intraday session: up, 68 prints from 31.01 to 31.18. Range 31.18 to 31.33. Use the arrow keys to read each point.31.0531.1031.2531.3010 AM12 PM2 PM4 PM
Expense ratio
0.38%
Fund size
$135M
1Y total return
+12.9%
Yield · Last 12 months
No data
Holdings
435
Avg volume · 30D
15.8K sh
52W range
low $26.76high $34.49
Launched

The ETF.net TIER Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
International Active Equity⁠
Rank
16 of 56
Six-pillar profile for TIER. Scores out of 100: Cost 80, Risk 55, Mission not scored, Tradability 41, Holdings 76, Durability 49. Strongest: Cost (80). Weakest: Tradability (41). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B 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.
    A80 out of 100
    Rank 11 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.
    B55 out of 100
    Rank 25 of 56

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 38 of 56

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A76 out of 100
    Rank 12 of 52

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 32 of 56

Our read on TIER

ETF.net Research

In short

BRoughly 40 T. Rowe Price analysts pick the stocks, while sector and industry weights stay close to the MSCI ACWI ex USA Index. The wager here is name-by-name research abroad, not a call on which sector or region takes the lead.

Stated mandate

The fund seeks long-term capital appreciation. It is an actively managed ETF investing primarily in non-U.S. stocks across developed and emerging markets, using bottom-up research and seeking excess returns relative to the MSCI ACWI ex USA Index.

Why people hold it

  • Charges 0.38%, below the 0.60% median for active international equity funds in its peer group.
  • The portfolio is built from the picks of roughly 40 T. Rowe Price equity research analysts, with portfolio managers holding oversight and final discretion.troweprice.com
  • Sector and industry weights hug the MSCI ACWI ex USA Index, so results relative to that benchmark hinge on stock selection rather than sector bets.troweprice.com
  • One ticker covers both developed and emerging markets, spread across roughly 300 stocks, in a fully transparent active ETF wrapper.prnewswire.com

Worth knowing

  • Index-like sector weights cut both ways: the fund has less room to reallocate across sectors than active funds with a freer hand, and can lag them as a result.troweprice.com
  • It began trading in June 2025, so the track record is short, and it remains a small, thinly traded fund where bid-ask spreads deserve a look before you trade.
  • Cheaper systematic rivals cover similar ground, with AVDE at 0.23% and DFIC at 0.22%.

TIER Performance

Launched Jun 25, 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.
TIER$11,289
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TIER $11,289. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 TIER. Periods over one year show the average yearly return.
PeriodTIER
Year to date+9.8%
1 month−3.6%
3 months−3.3%
1 year+12.9%
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 TIER
YearReturn barTIER
2026 YTD+9.8%
2025+12.4%

History from Jun 26, 2025

TIER in the news

TIER Dividends

Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.21. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 26, 2025$0.21

$10,000 in TIER 1 year ago paid $75.89 in dividends.

TIER Risk

Risk pillarB55 out of 100Rank 25 of 56 in International Active Equity
How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 16 months to Oct 2026
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.
0.87
vs 3-month T-bills · 16 months to Oct 2026
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.
−12.1%
16 months · trough Mar 2026
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.
0.91
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.

TIER Cost

Compare TIER and TACN

Overpaying vs TACN, cheapest in International Active Equity

$7,706

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

  • TIER 0.38%

    $7,706

  • TACN 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • TIER 0.38%
  • TACN 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530TIER $7,706TACN $0

Year by year

YearTIERTACNOverpaying
10$688$0$688
20$2,658$0$2,658
30$7,706$0$7,706

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