QUIZ vs TACN

QUIZCZacks Quality International ETF

TACNAT. Rowe Price Active Core International Equity ETF

In short

QUIZ Zacks made its name reading sell-side earnings revisions. QUIZ points that engine overseas: an active, roughly 80-stock portfolio of developed-market companies outside the US, and the firm's first international fund since its 2025 launch.

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

QUIZ The Fund seeks positive risk-adjusted returns by investing at least 80% of assets in equity securities, including common stock and depositary receipts, issued by publicly listed companies in non-U.S. markets.

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

Why people hold it

• QUIZ The model ranks companies on the agreement, size and direction of analyst earnings revisions plus earnings surprises, then layers on quality screens such as return on equity, earnings stability and dividend consistency.sec.govyahoo.com
• 0.55% net of a waiver through September 1, 2027, which lands near the median for active international equity funds. Real active management, not boutique pricing.
• About 80 names, so each pick carries weight. The mandate commits at least 80% of assets to non-US equities, mostly developed markets like Japan, Germany and the UK, with 60 days' notice before that policy changes.sec.gov

• 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

• QUIZ That 0.55% is contractual, not permanent. The gross fee is 1.68%, and the waiver runs through September 1, 2027, so the filings are worth a look as the date approaches.
• Live since 2025, so the overseas version of the model has a short record. Zacks has run this approach in US funds, but the international build is its own experiment.yahoo.com
• Cheap systematic rivals crowd this shelf: DFIC at 0.22%, AVDE at 0.23%, and TACN at 0% (fee fully waived through January 30, 2027). QUIZ is also smaller and thinner-traded than those giants.

• 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 QUIZ profile⁠

Full TACN profile⁠