---
ticker: "TNXT"
name: "T. Rowe Price Innovation Leaders ETF"
url: "https://etf.net/etf/TNXT"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "Disruptive Innovation"
category_rank: "7 of 31"
methodology: "https://etf.net/methodology"
---

# TNXT: T. Rowe Price Innovation Leaders ETF

Grade **B**, Score 64 of 100. Rank 7 of 31 in Disruptive Innovation.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 78 | 5 of 31 |
| Mission | Not scored | — |
| Risk | 86 | 2 of 31 |
| Tradability | 26 | 28 of 31 |
| Holdings | 69 | 10 of 31 |
| Durability | 26 | 27 of 31 |

## Top holdings

The fund holds 280 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | NVDA.NE | NVIDIA Corp Common Stock USD.001 | 8.19% |
| 2 | AAPL.MX | Apple Inc Common Stock USD.00001 | 5.30% |
| 3 | MSFT.NE | Microsoft Corp Common Stock USD.00000625 | 4.02% |
| 4 | AMZN.NE | Amazon.com Inc Common Stock USD.01 | 3.50% |
| 5 | AMD.BA | Advanced Micro Devices Common Stock USD.01 | 2.73% |
| 6 | AVGO | Broadcom Inc Common Stock | 2.64% |
| 7 | META.NE | Meta Platforms Inc Class A Common Stock USD.000006 | 2.51% |
| 8 | GOOGL | Alphabet Inc Class A Common Stock USD.001 | 2.13% |
| 9 | GOOG.NE | Alphabet Inc Class C Common Stock USD.001 | 1.97% |
| 10 | LLY.TO | Eli Lilly & Co Common Stock | 1.74% |
| 11 | MU.TO | Micron Technology Inc Common Stock USD.1 | 1.74% |
| 12 | TSLA.NE | Tesla Inc Common Stock USD.001 | 1.66% |
| 13 | V.BA | Visa Inc Class A Shares Common Stock USD.0001 | 1.63% |
| 14 | INTC | Intel Corp Common Stock USD.001 | 1.45% |
| 15 | MA.BA | Mastercard Inc A Common Stock USD.0001 | 1.29% |
| 16 | MRK | Merck & Co. Inc. Common Stock USD.5 | 1.23% |
| 17 | MRNA | Moderna Inc Common Stock USD.0001 | 1.10% |
| 18 | UNH.BA | UnitedHealth Group Inc Common Stock USD.01 | 1.03% |
| 19 | XYZ.AX | Block Inc Common Stock USD.0000001 | 1.02% |
| 20 | TSM | Taiwan Semiconductor Sp Adr Adr | 1.01% |
| 21 | SPCX | Space Exploration Techn Class A Common Stock USD.001 | 0.82% |
| 22 | PG | Procter & Gamble Co/The Common Stock | 0.81% |
| 23 | CPAY | Corpay Inc Common Stock USD.001 | 0.77% |
| 24 | GILD | Gilead Sciences Inc Common Stock USD.001 | 0.76% |
| 25 | BMY | Bristol Myers Squibb Co Common Stock USD.1 | 0.73% |
| 26 | PLTR.NE | Palantir Technologies Inc A Common Stock USD.001 | 0.73% |
| 27 | NOW | Servicenow Inc Common Stock USD.001 | 0.72% |
| 28 | VRTX | Vertex Pharmaceuticals Inc Common Stock USD.01 | 0.67% |
| 29 | ASML.AS | Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.09 | 0.65% |
| 30 | NTRA | Natera Inc Common Stock | 0.60% |

Source: etf.net, https://etf.net/etf/TNXT. Please cite the page URL.