PEXL vs TACU

PEXLBPacer US Export Leaders ETF

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

In short

PEXL American companies, foreign paychecks. PEXL screens the S&P 900 for the firms selling most abroad, then ranks on free cash flow margin: overseas revenue exposure bought through US-listed stocks, for 0.49% with no waiver.

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

PEXL The fund screens the S&P 900 for 100 large- and mid-capitalization U.S. companies with substantial foreign sales and high free-cash-flow margins, seeking to participate in global growth.

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

• PEXL The screen is the whole thesis: take the S&P 900, keep the 200 with the highest share of sales overseas, then rank those on free cash flow margin and hold about 100.paceretfs.com
• Market-cap weighted with a 5% cap per name and rebalanced quarterly, so one runaway exporter can only get so big before the screen trims it.paceretfs.compaceretfs.com 2
• At 0.49% with no waiver attached, the fee sits below the median for its active US equity peer group, and the number does not reset on a waiver expiry date.
• Running since 2018 and sitting in the upper half of its US equity peer group, with cash paid out quarterly.

• 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

• PEXL Thinly traded and a smaller fund, so spreads and order size matter more here than in the giants of the category.
• Broad US core peers cost less: DFAU at 0.12% and AVLC at 0.15% versus 0.49% here.
• A portfolio built on overseas revenue moves with tariffs, trade policy and the dollar, and the screen only refreshes at each quarterly rebalance.paceretfs.com

• 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 PEXL profile⁠

Full TACU profile⁠