ESIM vs TACN

ESIMCEventide International ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

ESIM Eventide takes its faith-based screen overseas. ESIM filters non-US large and mid caps through its Business 360 process, then optimizes what survives to line up with its Bloomberg benchmark on beta, style and sector.

TACN T. 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

ESIM The Fund seeks long-term capital appreciation by investing primarily in non-U.S. companies selected through Eventide’s values-based screening process. It is actively managed with a long-only approach and seeks to limit tracking error to its Strategy Benchmark.

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

Why people hold it

• ESIM Values screen first, then math. Business 360 narrows the non-US universe; optimization then aligns the portfolio's beta, style and sector with its Bloomberg World ex US benchmark.eventideinvestments.com
• At 0.59%, it sits right at the median cost for actively managed international funds in its peer group.
• Eventide's first dedicated ex-US fund, so one faith-based framework now runs across US and international shelves. Distributions are paid quarterly.eventideinvestments.com

• TACN 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

• ESIM Trading opened in December 2025, so the record is short. The screen also means holdings can look different from the benchmark, in either direction.eventideinvestments.com
• Broad international core rivals cost a lot less: AVDE at 0.23% and DFIC at 0.22%. The extra fee buys the screen and the active work.
• A young, small fund can trade thinly, so bid/ask spreads matter more here than with the category's giants. Limit orders are the usual fix.

• TACN 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

Full ESIM profile⁠

Full TACN profile⁠