NBIE vs TACN: Grades, Fees and Holdings Compared

Neuberger International Core Equity ETF

NBIECNYSE Arca

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Overlap

38.1%by weight

Expense ratio

TACN −0.87pt a year

NBIE0.87%TACN0.00%

Avg volume · 30D

NBIE 12.4×the volume

NBIE32.3KTACN2.59K

NBIE vs TACN Performance

Jul 31, 2026 – Oct 30, 2026

−2.4%NBIE−2.0%TACN

Expense ratio: NBIE 0.87%; TACN 0.00%, better
Fund size: NBIE $232M; TACN $24M
Holdings: NBIE 256; TACN 508
Avg volume (30D): NBIE 32.3K sh, better; TACN 2.59K sh
NAV per share: NBIE $26.72; TACN $28.20
52W range

ETF.net Grade

Pillar letters and Scores for NBIE, TACN, with each pillar’s weight
Pillar	NBIE	TACN
Cost30% weight	F12	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A70	A70
Tradability15% weight	B69Higher	C46
Holdings10% weight	A74	A82Higher
Durability5% weight	C50Higher	D30

Rank among International Active Equity funds

How we build Categories ›

Same Category. NBIE and TACN are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

TACN ranks 5th and NBIE 32nd of 55 funds in the International Active Equity Category.

Rank 5AENHIiShares Enhanced International Active ETFScore 76
Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76
Rank 7AAVNMAvantis All International Markets Equity ETFScore 72
Rank 30CTINSTempleton International Insights ETFScore 47
Rank 32CNBIENeuberger International Core Equity ETFScore 45
Rank 33CQLTIGMO International Quality ETFScore 41

Our read on each fund

ETF.net Research

NBIECNeuberger International Core Equity ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

NBIE No data

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

NBIE No data

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

Why people hold it

NBIE No data

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.gov troweprice.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.gov troweprice.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

NBIE No data

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 NBIE profile⁠

Full TACN profile⁠

NBIE vs TACN Holdings

How NBIE and TACN differ

Overlap by weight

38.1%

Shared holdings make up 70.5% of NBIE and 47.7% of TACN.

Level by level

Holdings142 in both38.1%
Countryby domicile84.5%
Asset classEquity100%

Sector

No Sector split for NBIE and TACN.

Country, concentration and asset class

Country by domicile

Country weights in NBIE and TACN, widest gap first
Country	More in NBIEMore in TACN	NBIE	TACN
Canada	NBIE +11.6 points	11.6%	0.0%
Japan	TACN +3.6 points	20.9%	24.5%
Germany	TACN +2.4 points	5.8%	8.2%
France	TACN +1.7 points	7.4%	9.1%
Australia	TACN +1.3 points	5.6%	6.9%
Italy	NBIE +1.2 points	4.4%	3.2%
Denmark	TACN +1.1 points	0.8%	1.9%
Hong Kong	TACN +1.0 points	0.8%	1.8%
Other countries (18)	TACN +1.8 points	42.7%	44.5%

Outside the US: NBIE 99% developed, 1% emerging. TACN 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

NBIE19.5%
TACN14.6%

Securities held

NBIE250
TACN498

Asset class

NBIE: Equity
TACN: Equity

Holdings

Only in NBIE108
In both142
Only in TACN356

Only in NBIE

108 securities, 29.4% of NBIE by weight

Royal Bank of Canada Common Stock1.11%
Allianz SE Reg Common Stock1.10%
Industria De Diseno Textil Common Stock1.09%
Ericsson Lm B Shs Common Stock SEK5.01.00%
Toronto Dominion Bank Common Stock0.99%
Generali Common Stock0.98%
Banco Bilbao Vizcaya Argenta Common Stock0.97%
Totalenergies SE Common Stock0.90%
Shopify Inc Class A Common Stock0.83%
Michelin (Cgde) Common Stock0.81%
Coca Cola Europacific Partne Common Stock0.73%
Canadian Natural Resources Common Stock0.59%
Suncor Energy Inc Common Stock0.55%
Can Imperial Bk of Commerce Common Stock0.53%
Ryanair Holdings PLC Common Stock0.53%
Telstra Group Ltd Common Stock0.52%
Koninklijke Ahold Delhaize N Common Stock0.49%
Agnico Eagle Mines Ltd Common Stock0.46%
Nordea Bank Abp Common Stock0.45%
Canadian Natl Railway Co Common Stock0.44%
Bank of Nova Scotia Common Stock0.44%
Manulife Financial Corp Common Stock0.43%
Barrick Mining Corp Common Stock0.39%
Bank of Montreal Common Stock0.37%
Daiwa Securities Group Inc Common Stock0.33%
Ap Moller Maersk A/S B Common Stock DKK1000.00.32%
Power Corp of Canada Common Stock0.31%
Enbridge Inc Common Stock0.29%
Cgi Inc Common Stock0.29%
Rio Tinto Ltd Common Stock0.28%
Yokogawa Electric Corp Common Stock0.28%
Loblaw Companies Ltd Common Stock0.27%
Unibail Rodamco Westfield Reit0.26%
Brookfield Corp Common Stock0.25%
Kinross Gold Corp Common Stock0.25%
Weston (George) Ltd Common Stock0.25%
Hennes & Mauritz Ab B Shs Common Stock0.24%
Makita Corp Common Stock0.24%
Imperial Oil Ltd Common Stock0.24%
Intercontinental Hotels Grou Common Stock GBP.20852130.23%
Wh Group Ltd Common Stock0.22%
Talanx AG Common Stock0.21%
Cenovus Energy Inc Common Stock0.21%
Magna International Inc Common Stock0.20%
GBP9999990.20%
Tryg A/S Common Stock DKK5.00.20%
Aisin Corp Common Stock0.19%
Whitecap Resources Inc Common Stock0.19%
Unipol Assicurazioni Spa Common Stock0.19%
Omv AG Common Stock0.18%

Only in TACN

356 securities, 52.0% of TACN by weight

Totalenergies SE Common Stock EUR2.51.06%
Allianz SE Reg Common Stock1.06%
Nestle SA Reg Common Stock CHF.11.02%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.95%
Novo Nordisk A/S B Common Stock DKK.10.88%
Unilever PLC Common Stock GBP.000311110.86%
Anz Group Holdings Ltd Common Stock0.84%
Airbus SE Common Stock EUR1.00.75%
Commonwealth Bank of Austral Common Stock0.72%
Toyota Motor Corp Common Stock0.71%
Bnp Paribas Common Stock EUR2.00.65%
Banco Santander SA Common Stock EUR.50.62%
Schneider Electric SE Common Stock EUR4.00.59%
Iberdrola SA Common Stock EUR.750.57%
Equinor Asa Common Stock NOK2.50.57%
Air Liquide SA Common Stock EUR5.50.55%
Asahi Group Holdings Ltd Common Stock0.51%
Renesas Electronics Corp Common Stock0.50%
Suncorp Group Ltd Common Stock0.50%
Intercontinental Hotels Grou Common Stock GBP.20852130.49%
Hannover Rueck SE Common Stock0.48%
Infineon Technologies AG Common Stock0.47%
Glencore PLC Common Stock USD.010.45%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.30.45%
Aia Group Ltd Common Stock0.44%
3I Group PLC Common Stock GBP.7386360.44%
Atlas Copco Ab A Shs Common Stock SEK.160.43%
Softbank Group Corp Common Stock0.42%
Merck Kgaa Common Stock0.42%
Cie Financiere Richemo A Reg Common Stock CHF1.00.42%
Jeronimo Martins Common Stock EUR1.00.41%
Thales SA Common Stock EUR3.00.41%
L Oreal Common Stock EUR.20.41%
Bp PLC Common Stock USD.250.39%
Ferrari NV Common Stock EUR.010.38%
Mitsubishi Corp Common Stock0.37%
Zurich Insurance Group AG Common Stock CHF.10.36%
United Overseas Bank Ltd Common Stock0.36%
Societe Generale SA Common Stock EUR1.250.36%
Mizuho Financial Group Inc Common Stock0.35%
Nippon Yusen Kk Common Stock0.34%
Generali Common Stock0.34%
National Grid PLC Common Stock GBP.12431290.34%
Bunzl PLC Common Stock GBP.32142860.33%
Michelin (Cgde) Common Stock EUR.50.33%
Techtronic Industries Co Ltd Common Stock0.31%
Orange Common Stock EUR4.00.31%
Westpac Banking Corp Common Stock0.31%
Koninklijke Ahold Delhaize N Common Stock EUR.010.31%
Upm Kymmene Oyj Common Stock0.30%

Weight gaps

The 100 widest of 142 Holdings in both funds.

Holding weights in NBIE and TACN, widest gap first
Holding	More in NBIEMore in TACN	NBIE	TACN
Gsk PLC Common StockGSK.L	NBIE +1.08 points	1.42%	0.34%
Intesa Sanpaolo Common Stock	NBIE +1.06 points	1.26%	0.20%
Sompo Holdings Inc Common Stock	NBIE +1.05 points	1.12%	0.07%
Natwest Group PLC Common Stock GBP1.0769NWG.L	NBIE +1.02 points	1.17%	0.15%
Bhp Group Ltd Common Stock	NBIE +0.99 points	1.86%	0.87%
Hsbc Holdings PLC Common StockHSBA.L	TACN +1.00 points	0.26%	1.26%
Novartis AG Reg Common Stock CHF.49	NBIE +0.99 points	2.28%	1.29%
Roche Holding AG Common Stock CHF.001	NBIE +0.95 points	2.50%	1.55%
Dhl AG Common Stock	NBIE +0.93 points	1.38%	0.45%
Shell PLC Common StockSHEL.L	NBIE +0.93 points	2.23%	1.30%
Canon Inc Common Stock	NBIE +0.93 points	0.99%	0.06%
Astrazeneca PLC Common StockAZN.L	TACN +0.90 points	0.18%	1.08%
Abb Ltd Reg Common Stock CHF.12	NBIE +0.91 points	1.46%	0.55%
Bridgestone Corp Common Stock	NBIE +0.82 points	1.12%	0.30%
Siemens AG Reg Common Stock	TACN +0.79 points	0.20%	0.99%
Orix Corp Common Stock	NBIE +0.74 points	0.88%	0.14%
Sumitomo Mitsui Financial Gr Common Stock	TACN +0.73 points	0.32%	1.05%
Axa SA Common Stock	NBIE +0.71 points	1.00%	0.29%
Kddi Corp Common Stock	NBIE +0.71 points	1.31%	0.60%
Tesco PLC Common Stock GBP.0633333TSCO.L	NBIE +0.66 points	1.12%	0.46%
Fortescue Ltd Common Stock	NBIE +0.66 points	0.70%	0.04%
Hoya Corp Common Stock	NBIE +0.64 points	0.78%	0.14%
Sony Group Corp Common Stock	TACN +0.65 points	0.47%	1.12%
Siemens Energy AG Common Stock	TACN +0.61 points	0.09%	0.70%
Vinci SA Common Stock	NBIE +0.56 points	1.14%	0.58%
Sanofi Common Stock	NBIE +0.55 points	0.93%	0.38%
Aena Sme SA Common Stock	NBIE +0.55 points	0.62%	0.07%
Enel Spa Common Stock	NBIE +0.54 points	1.24%	0.70%
Recruit Holdings Co Ltd Common Stock	TACN +0.53 points	0.65%	1.18%
British American Tobacco PLC Common StockBATS.L	TACN +0.52 points	0.06%	0.58%
Takeda Pharmaceutical Co Ltd Common Stock	TACN +0.51 points	0.12%	0.63%
Ubs Group AG Reg Common Stock	NBIE +0.49 points	1.33%	0.84%
Reckitt Benckiser Group PLC Common Stock GBP.10417RKT.L	NBIE +0.48 points	0.60%	0.12%
Next PLC Common Stock GBP.1NXT.L	NBIE +0.44 points	0.50%	0.06%
Sandvik Ab Common Stock SEK1.2	NBIE +0.41 points	0.50%	0.09%
Asml Holding NV Common Stock	NBIE +0.41 points	3.74%	3.33%
Heineken Holding NV Common Stock	NBIE +0.40 points	0.44%	0.04%
Unicredit Spa Common Stock	TACN +0.40 points	0.45%	0.85%
Deutsche Telekom AG Reg Common Stock	NBIE +0.38 points	1.05%	0.67%
Sonova Holding AG Reg Common Stock CHF.05	TACN +0.36 points	0.15%	0.51%
Astellas Pharma Inc Common Stock	NBIE +0.36 points	0.43%	0.07%
Sumitomo Mitsui Trust Group Common Stock	NBIE +0.33 points	0.40%	0.07%
Endesa SA Common Stock	NBIE +0.31 points	0.59%	0.28%
Dbs Group Holdings Ltd Common Stock	NBIE +0.31 points	1.05%	0.74%
Rolls Royce Holdings PLC Common Stock GBP.2RR.L	TACN +0.30 points	0.53%	0.83%
Kingfisher PLC Common Stock GBP.157143KGF.L	NBIE +0.29 points	0.32%	0.03%
Aib Group PLC Common Stock	NBIE +0.30 points	0.35%	0.05%
Brambles Ltd Common Stock	NBIE +0.28 points	0.33%	0.05%
Boc Hong Kong Holdings Ltd Common Stock	NBIE +0.28 points	0.45%	0.17%
Aercap Holdings NV Common StockAER	NBIE +0.26 points	0.33%	0.07%
Imperial Brands PLC Common Stock GBP.1IMB.L	NBIE +0.26 points	0.66%	0.40%
Danske Bank A/S Common Stock DKK10.0	NBIE +0.26 points	0.34%	0.08%
Kyocera Corp Common Stock	NBIE +0.25 points	0.30%	0.05%
Lloyds Banking Group PLC Common Stock GBP.1LLOY.L	TACN +0.25 points	0.15%	0.40%
Bank Hapoalim Bm Common Stock ILS1.0	NBIE +0.24 points	0.31%	0.07%
Eurofins Scientific Common Stock	TACN +0.23 points	0.23%	0.46%
SOUTH32 Ltd Common Stock	TACN +0.23 points	0.09%	0.32%
Dnb Bank Asa Common Stock NOK12.5	NBIE +0.22 points	0.29%	0.07%
Rio Tinto PLC Common Stock GBP.1RIO.L	NBIE +0.22 points	0.57%	0.35%
Qbe Insurance Group Ltd Common Stock	NBIE +0.21 points	0.28%	0.07%
Kirin Holdings Co Ltd Common Stock	NBIE +0.21 points	0.25%	0.04%
Holcim Ltd Common Stock CHF2.0	NBIE +0.21 points	0.31%	0.10%
Henkel AG & Co Kgaa Vor Pref Preference	NBIE +0.20 points	0.26%	0.06%
Gea Group AG Common Stock	NBIE +0.20 points	0.24%	0.04%
Fresnillo PLC Common StockFRES.L	NBIE +0.20 points	0.22%	0.02%
Indra Sistemas SA Common Stock	NBIE +0.20 points	0.22%	0.02%
Osaka Gas Co Ltd Common Stock	NBIE +0.20 points	0.22%	0.02%
Nitto Denko Corp Common Stock	NBIE +0.19 points	0.22%	0.03%
Csl Ltd Common Stock	TACN +0.19 points	0.05%	0.24%
Sap SE Common Stock	TACN +0.19 points	0.76%	0.95%
Computershare Ltd Common Stock	NBIE +0.19 points	0.25%	0.06%
Evolution Mining Ltd Common Stock	NBIE +0.17 points	0.21%	0.04%
Oversea Chinese Banking Corp Common Stock	NBIE +0.17 points	0.34%	0.17%
Obayashi Corp Common Stock	NBIE +0.17 points	0.19%	0.02%
Wesfarmers Ltd Common Stock	NBIE +0.17 points	0.41%	0.24%
Fujikura Ltd Common Stock	NBIE +0.16 points	0.23%	0.07%
Fortum Oyj Common Stock	NBIE +0.16 points	0.19%	0.03%
Japan Tobacco Inc Common Stock	NBIE +0.16 points	0.27%	0.11%
Singapore Exchange Ltd Common Stock	NBIE +0.16 points	0.19%	0.03%
Naturgy Energy Group SA Common Stock	TACN +0.15 points	0.10%	0.25%
Komatsu Ltd Common Stock	NBIE +0.16 points	0.65%	0.49%
Daikin Industries Ltd Common Stock	NBIE +0.15 points	0.21%	0.06%
Norsk Hydro Asa Common Stock NOK1.098	NBIE +0.16 points	0.19%	0.03%
Sea Ltd Adr AdrSE	NBIE +0.15 points	0.22%	0.07%
Hitachi Ltd Common Stock	NBIE +0.15 points	0.79%	0.64%
Acs Actividades Cons Y Serv Common Stock	NBIE +0.15 points	0.20%	0.05%
Logitech International Reg Common Stock CHF.25	NBIE +0.14 points	0.35%	0.21%
Geberit AG Reg Common Stock CHF.1	NBIE +0.14 points	0.21%	0.07%
Veolia Environnement Common Stock	NBIE +0.15 points	0.21%	0.06%
Relx PLC Common Stock GBP.00144397REL.L	NBIE +0.13 points	0.63%	0.50%
Murata Manufacturing Co Ltd Common Stock	TACN +0.13 points	0.35%	0.48%
Asahi Kasei Corp Common Stock	NBIE +0.13 points	0.15%	0.02%
Kioxia Holdings Corp Common Stock	NBIE +0.14 points	0.59%	0.45%
Suzuki Motor Corp Common Stock	NBIE +0.13 points	0.19%	0.06%
Fast Retailing Co Ltd Common Stock	TACN +0.13 points	0.26%	0.39%
Tokyo Electron Ltd Common Stock	NBIE +0.13 points	0.71%	0.58%
Fuji Electric Co Ltd Common Stock	NBIE +0.12 points	0.16%	0.04%
Mercedes Benz Group AG Common Stock	NBIE +0.12 points	0.20%	0.08%
Ms+ad Insurance Group Holdin Common Stock	NBIE +0.12 points	0.62%	0.50%
Sitc International Holdings Common Stock HKD.1	NBIE +0.10 points	0.13%	0.03%

All 243 NBIE holdings⁠All TACN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NBIE vs TACN Cost

Overpaying NBIE vs TACN

$16,536

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

NBIE 0.87%
$16,536
TACN 0.00%
$0

Amount$10,000

Years30 years

Cost over time

NBIE 0.87%
TACN 0.00%
Overpaying

Year by year

Year	NBIE	TACN	Overpaying
10	$1,542	$0	$1,542
20	$5,830	$0	$5,830
30	$16,536	$0	$16,536

Expense ratio

0.87%NBIE
0.00%TACN, cheaper

TACN0.00%NBIE0.87%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

NBIE 48th cheapest of 55 funds

NBIE vs TACN Dividends

Last 12 months to Oct 30, 2026

Payout (12M): NBIE None; TACN None

Distribution history

NBIEAll NBIE payments⁠

No distribution history available.

TACNAll TACN payments⁠

No distribution history available.

NBIE vs TACN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: NBIE 0.21TACN 0.65; Market = 1

NBIE and TACN in the news

All news⁠

ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026TACN

Popular comparisons

NBIECvsAVDEA
Neuberger International Core Equity ETF · Avantis International Equity ETF
Expense ratio
0.87% · 0.23%
Category
TACNAvsAVDEA
T. Rowe Price Active Core International Equity ETF · Avantis International Equity ETF
Expense ratio
0.00% · 0.23%
Category
NBIECvsDFICA
Neuberger International Core Equity ETF · Dimensional International Core Equity 2 ETF
Expense ratio
0.87% · 0.22%
Category
TACNAvsDFICA
T. Rowe Price Active Core International Equity ETF · Dimensional International Core Equity 2 ETF
Expense ratio
0.00% · 0.22%
Category
NBIECvsJIREA
Neuberger International Core Equity ETF · JPMorgan International Research Enhanced Equity ETF
Expense ratio
0.87% · 0.29%
Category
TACNAvsJIREA
T. Rowe Price Active Core International Equity ETF · JPMorgan International Research Enhanced Equity ETF
Expense ratio
0.00% · 0.29%
Category

NBIE vs TACN

In short

Stated mandate

Why people hold it

Worth knowing

How NBIE and TACN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NBIE

Only in TACN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Franklin Templeton files two enhanced ETFs to absorb its international core funds

How NBIE and TACN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NBIE

Only in TACN

Weight gaps