MODL vs TACU

MODLAVictoryShares WestEnd U.S. Sector ETF

TACUAT. Rowe Price Active Core U.S. Equity ETF

In short

MODL Most active US equity funds argue about stocks. MODL argues about sectors: WestEnd's macro team owns four to six economic sectors at a time, names the ones it won't touch, and caps any single sector at 35% at purchase.

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

Stated mandate

MODL The Fund seeks long-term capital appreciation.

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

Why people hold it

• MODL The rules are spelled out: four to six economic sectors at any given time, none above 35% of net assets at the time of purchase. You know the concentration ceiling before you own it.vcm.com
• The distinctive move is the avoidance list. WestEnd names the sectors it sees facing the biggest headwinds and simply doesn't hold them, rather than owning a little of everything.vcm.com
• 0.49% a year for an actively rotated sector strategy, below the 0.65% typical of active US equity funds. Cheap is not the usual adjective for macro-driven allocation.
• A billion-dollar-plus fund that distributes monthly, and it sits in the upper tier of a crowded active US equity field on our review.

• TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
• Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
• Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com

Worth knowing

• MODL Sector calls are the entire engine. Concentrating in a handful of sectors can mean sharper swings than a broadly diversified US portfolio, in either direction.vcm.com
• Cheap for active, not cheap outright: strong peers like DFAU (0.12%) and AVLC (0.15%) deliver broad US equity for a fraction of the fee.
• Launched in 2022, so the ETF's own live record is short next to the multi-decade histories of the index funds it competes with.

• TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
• Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
• Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.

Full MODL profile⁠

Full TACU profile⁠