TACN vs TDI: Grades, Fees and Holdings Compared

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Touchstone Dynamic International ETF

TDICNasdaq

Overlap

15.5%by weight

Expense ratio

TACN −0.65pt a year

TACN0.00%TDI0.65%

Avg volume · 30D

TDI 28.3×the volume

TACN2.86KTDI81K

TACN vs TDI Performance

Dec 31, 2025 – Nov 9, 2026

+12.2%TACN+15.2%TDI

Expense ratio: TACN 0.00%, better; TDI 0.65%
Fund size: TACN $24M; TDI $524M
1Y total return: TACN No data; TDI +21.6%
Yield (12M): TACN No data; TDI 1.68%
Holdings: TACN 504; TDI 117
Avg volume (30D): TACN 2.86K sh; TDI 81K sh, better
NAV per share: TACN $27.86; TDI $43.14
52W range

ETF.net Grade

Pillar letters and Scores for TACN, TDI, with each pillar’s weight
Pillar	TACN	TDI
Cost30% weight	A100Higher	D34
Mission25% weight	Not scored	Not scored
Risk15% weight	A77Higher	B57
Tradability15% weight	C45	B56Higher
Holdings10% weight	A82Higher	B59
Durability5% weight	D30	A74Higher

Rank among International Active Equity funds

How we build Categories ›

Same Category. TACN and TDI 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 3rd and TDI 29th of 55 funds in the International Active Equity Category.

Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 77
Rank 3ATACNT. Rowe Price Active Core International Equity ETFScore 77
Rank 6AENHIiShares Enhanced International Active ETFScore 74
Rank 27CQUIZZacks Quality International ETFScore 49
Rank 29CTDITouchstone Dynamic International ETFScore 48
Rank 29CTINSTempleton International Insights ETFScore 48

Our read on each fund

ETF.net Research

TACNAT. Rowe Price Active Core International Equity ETF

TDICTouchstone Dynamic International ETF

In short

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).

TDI An active international fund that skips price targets. Los Angeles Capital's quant model reads which company traits investors are rewarding right now and rebuilds the portfolio around them, typically monthly.

Stated mandate

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

TDI The Fund seeks capital appreciation by investing primarily in equity securities of companies outside the United States.

Why people hold it

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.

TDI No price targets. The model forecasts which traits (earnings quality, balance-sheet strength) investors currently favor, then rebalances toward them, typically monthly.sec.gov
One passport, both halves of the world outside the US: at least 80% in non-US equities, developed and emerging, with room for depositary receipts, preferred stock and REITs.sec.gov
0.65% net of a waiver through April 29, 2027, against a 1.04% gross fee, so the waiver is doing real work while it runs.
Fully transparent active: holdings post daily, no shielded portfolio. The strategy moved into the ETF wrapper in December 2023, when Touchstone converted a predecessor mutual fund.westernsouthern.com

Worth knowing

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

TDI Costs sit above the category median. Broad core peers DFIC (0.22%) and AVDE (0.23%) cover international for a fraction, and TACN's fee is waived to zero through January 30, 2027.
When the waiver ends April 29, 2027, the stated gross fee is 1.04% unless Touchstone extends it.
Monthly rebalancing means real turnover, worth knowing in a taxable account, and payouts come on an annual schedule rather than quarterly.sec.gov westernsouthern.com

Full TACN profile⁠

Full TDI profile⁠

TACN vs TDI Holdings

How TACN and TDI differ

Overlap by weight

15.5%

Shared holdings make up 49.1% of TDI and 17.4% of TACN.

Level by level

Holdings49 in both15.5%
Countryby domicile50.9%
Sector11 Sectors74.4%
Asset classStocks100%

Sector

Sector weights in TACN and TDI, widest gap first
Sector	Gap	TACN	TDI
Technology	TDI +15.7 points	11.0%	26.7%
Energy	TDI +8.3 points	4.2%	12.5%
Industrials	TACN +5.4 points	18.3%	12.9%
Consumer Discretionary	TACN +4.9 points	7.2%	2.3%
Consumer Staples	TACN +4.9 points	7.5%	2.6%
Materials	TACN +3.6 points	5.7%	2.1%
Utilities	TACN +3.3 points	3.3%	0.0%
Communication	TACN +2.2 points	5.5%	3.3%
Real Estate	TACN +1.5 points	1.5%	0.0%
Financials	TDI +0.8 points	25.9%	26.7%
Health Care	TDI +0.7 points	10.0%	10.7%

Country, concentration and asset class

Country by domicile

Country weights in TACN and TDI, widest gap first
Country	Gap	TACN	TDI
Taiwan	TDI +10.3 points	0.0%	10.3%
United Kingdom	TACN +10.2 points	15.2%	5.0%
France	TACN +9.4 points	9.8%	0.4%
Canada	TDI +8.6 points	0.0%	8.6%
Australia	TACN +6.6 points	6.6%	0.0%
Switzerland	TACN +6.3 points	9.9%	3.6%
Germany	TACN +6.0 points	8.1%	2.1%
Japan	TACN +5.7 points	23.9%	18.2%
Other countries (23)	TDI +25.2 points	26.5%	51.7%

Outside the US: TACN 99% developed, 1% emerging. TDI 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

TACN14.3%
TDI24.3%

Securities held

TACN494
TDI107

Asset class

TACN: Stocks
TDI: Stocks

Holdings

Only in TACN445
In both49
Only in TDI58

Only in TACN

445 securities, 82.3% of TACN by weight

Roche Holding AG Common Stock CHF.0011.55%
Mitsubishi Ufj Financial Gro Common Stock1.39%
Novartis AG Reg Common Stock CHF.491.34%
Astrazeneca PLC Common Stock USD.251.18%
Nestle SA Reg Common Stock CHF.11.09%
Sap SE Common Stock1.04%
Sumitomo Mitsui Financial Gr Common Stock1.02%
Totalenergies SE Common Stock EUR2.51.01%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.99%
Unilever PLC Common Stock GBP.000311110.98%
Siemens AG Reg Common Stock0.96%
Ubs Group AG Reg Common Stock USD.10.91%
Bhp Group Ltd Common Stock0.86%
Anz Group Holdings Ltd Common Stock0.82%
Enel Spa Common Stock EUR1.00.80%
Toyota Motor Corp Common Stock0.79%
Allianz SE Reg Common Stock0.78%
Airbus SE Common Stock EUR1.00.77%
Commonwealth Bank of Austral Common Stock0.72%
Axa SA Common Stock EUR2.290.72%
Dbs Group Holdings Ltd Common Stock0.71%
Bnp Paribas Common Stock EUR2.00.69%
Takeda Pharmaceutical Co Ltd Common Stock0.68%
Safran SA Common Stock EUR.20.67%
Banco Santander SA Common Stock EUR.50.67%
Barclays PLC Common Stock GBP.250.67%
Siemens Energy AG Common Stock0.66%
Kddi Corp Common Stock0.63%
Sumitomo Corp Common Stock0.62%
Vinci SA Common Stock EUR2.50.60%
British American Tobacco PLC Common Stock0.60%
Iberdrola SA Common Stock EUR.750.59%
Air Liquide SA Common Stock EUR5.50.59%
Hitachi Ltd Common Stock0.59%
Novo Nordisk A/S B Common Stock DKK.10.57%
Schneider Electric SE Common Stock EUR4.00.56%
Asahi Group Holdings Ltd Common Stock0.54%
Eurofins Scientific Common Stock EUR.10.53%
Sonova Holding AG Reg Common Stock CHF.050.53%
Intercontinental Hotels Grou Common Stock GBP.20852130.53%
Abb Ltd Reg Common Stock CHF.120.52%
Relx PLC Common Stock GBP.001443970.52%
Suncorp Group Ltd Common Stock0.52%
Equinor Asa Common Stock NOK2.50.51%
Hannover Rueck SE Common Stock0.50%
Ms+ad Insurance Group Holdin Common Stock0.49%
Tesco PLC Common Stock GBP.06333330.49%
Komatsu Ltd Common Stock0.49%
Bae Systems PLC Common Stock GBP.0250.48%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.30.48%

Only in TDI

58 securities, 48.3% of TDI by weight

Taiwan Semiconductor Manufacturing Co Ltd5.74%
Samsung Electronics Co Ltd1.97%
Suncor Energy Inc1.62%
Southern Copper Corp1.33%
Hon Hai Precision Industry Co Ltd1.24%
Bank of Nova Scotia/The1.24%
Sk Hynix Inc1.23%
Shopify Inc1.12%
Magna International Inc1.10%
Indian Oil Corp Ltd1.00%
Imperial Oil Ltd0.99%
Credicorp Ltd0.99%
Ap Moller - Maersk A/S0.98%
Coloplast A/S0.97%
China Pacific Insurance Group Co Ltd0.93%
Canara Bank0.93%
Singapore Airlines Ltd0.93%
Talanx AG0.92%
Swedish Orphan Biovitrum Ab0.90%
Saab Ab0.90%
Petroleo Brasileiro SA - Petrobras0.87%
Ana Holdings Inc0.83%
Toronto-Dominion Bank/The0.81%
Wuxi Apptec Co Ltd0.81%
E.sun Financial Holding Co Ltd0.80%
Bharti Airtel Ltd0.80%
Epiroc Ab0.79%
Innovent Biologics Inc0.76%
Bharat Petroleum Corp Ltd0.75%
Galp Energia Sgps SA0.75%
Omv AG0.69%
Japan Airlines Co Ltd0.67%
Swire Pacific Ltd0.66%
Tim Sa/Brazil0.66%
Petroleo Brasileiro SA - Petrobras0.61%
Krafton Inc0.60%
China Petroleum & Chemical Corp0.59%
Kasikornbank Pcl0.59%
Banco Bilbao Vizcaya Argentaria SA0.58%
Eva Airways Corp0.53%
Hd Korea Shipbuilding & Offshore Engineering Co Ltd0.53%
Bank of Montreal0.53%
United Microelectronics Corp0.52%
Exor NV0.50%
Sino Biopharmaceutical Ltd0.50%
Union Bank of India Ltd0.49%
Cenovus Energy Inc0.46%
Quanta Computer Inc0.46%
Aura Minerals Inc0.45%
Bankinter SA0.44%

Weight gaps

All 49 Holdings in both funds, largest gap first.

Holding weights in TACN and TDI, widest gap first
Holding	Gap	TACN	TDI
Keyence Corp Common Stock	TDI +1.86 points	0.19%	2.05%
Orion Oyj Class B Common Stock EUR.65	TDI +1.80 points	0.04%	1.84%
Intesa Sanpaolo Common Stock	TDI +1.78 points	0.21%	1.99%
Japan Tobacco Inc Common Stock	TDI +1.62 points	0.09%	1.71%
Oversea Chinese Banking Corp Common Stock	TDI +1.46 points	0.16%	1.62%
Aia Group Ltd Common Stock	TDI +1.37 points	0.49%	1.86%
Astellas Pharma Inc Common Stock	TDI +1.24 points	0.07%	1.31%
Japan Post Bank Co Ltd Common Stock	TDI +1.19 points	0.09%	1.28%
Natwest Group PLC Common Stock GBP1.0769NWG.L	TDI +1.12 points	0.14%	1.26%
Galderma Group AG Common Stock CHF.01	TDI +1.12 points	0.11%	1.23%
Geberit AG Reg Common Stock CHF.1	TDI +1.09 points	0.07%	1.16%
Be Semiconductor Industries Common Stock EUR.01	TDI +1.06 points	0.03%	1.09%
Singapore Tech Engineering Common Stock	TDI +1.06 points	0.03%	1.09%
Finecobank Spa Common Stock EUR.33	TDI +0.99 points	0.06%	1.05%
Neste Oyj Common Stock	TDI +0.98 points	0.05%	1.03%
Vestas Wind Systems A/S Common Stock DKK.2	TDI +0.97 points	0.32%	1.29%
Boc Hong Kong Holdings Ltd Common Stock	TDI +0.95 points	0.18%	1.13%
Sony Group Corp Common Stock	TDI +0.86 points	1.19%	2.05%
Danske Bank A/S Common Stock DKK10.0	TDI +0.86 points	0.08%	0.94%
Asm International NV Common Stock EUR.04	TDI +0.80 points	0.08%	0.88%
Sitc International Holdings Common Stock HKD.1	TDI +0.80 points	0.02%	0.82%
Eneos Holdings Inc Common Stock	TDI +0.77 points	0.05%	0.82%
Hsbc Holdings PLC Common Stock USD.5HSBA.L	TACN +0.69 points	1.29%	0.60%
Ing Groep NV Common Stock EUR.01	TDI +0.68 points	0.68%	1.36%
Asics Corp Common Stock	TDI +0.67 points	0.04%	0.71%
Straumann Holding AG Reg Common Stock CHF.01	TDI +0.56 points	0.05%	0.61%
Sumitomo Mitsui Trust Group Common Stock	TDI +0.57 points	0.06%	0.63%
Hoya Corp Common Stock	TDI +0.52 points	0.12%	0.64%
Indra Sistemas SA Common Stock EUR.2	TDI +0.50 points	0.02%	0.52%
Tokio Marine Holdings Inc Common Stock	TDI +0.49 points	0.25%	0.74%
Lonza Group AG Reg Common Stock CHF1.0	TDI +0.48 points	0.14%	0.62%
Singapore Exchange Ltd Common Stock	TDI +0.47 points	0.03%	0.50%
Aker Bp Asa Common Stock NOK1.0	TDI +0.44 points	0.03%	0.47%
Rolls Royce Holdings PLC Common Stock GBP.2RR.L	TDI +0.41 points	0.84%	1.25%
Nec Corp Common Stock	TDI +0.41 points	0.06%	0.47%
Recruit Holdings Co Ltd Common Stock	TACN +0.42 points	1.11%	0.69%
Tdk Corp Common Stock	TDI +0.28 points	0.07%	0.35%
Asml Holding NV Common Stock EUR.09	TACN +0.27 points	3.00%	2.73%
Tokyo Electron Ltd Common Stock	TACN +0.26 points	0.50%	0.24%
Unicredit Spa Common Stock	TDI +0.25 points	0.94%	1.19%
Fujikura Ltd Common Stock	TDI +0.24 points	0.05%	0.29%
Imperial Brands PLC Common Stock GBP.1IMB.L	TDI +0.23 points	0.41%	0.64%
Inpex Corp Common Stock	TDI +0.20 points	0.20%	0.40%
Merck Kgaa Common Stock	TDI +0.19 points	0.37%	0.56%
Advantest Corp Common Stock	TDI +0.18 points	0.68%	0.86%
Renesas Electronics Corp Common Stock	TACN +0.14 points	0.43%	0.29%
Deutsche Telekom AG Reg Common Stock	TACN +0.08 points	0.69%	0.61%
Shell PLC Common Stock EUR.07SHEL.L	TACN +0.09 points	1.22%	1.13%
Societe Generale SA Common Stock EUR1.25	TDI +0.08 points	0.37%	0.45%

All TACN holdings⁠All TDI 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.

TACN vs TDI Cost

Overpaying TDI vs TACN

$12,717

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

TACN 0.00%
$0
TDI 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

TACN 0.00%
TDI 0.65%
Overpaying

Year by year

Year	TACN	TDI	Overpaying
10	$0	$1,163	$1,163
20	$0	$4,440	$4,440
30	$0	$12,717	$12,717

Expense ratio

0.00%TACN, cheaper
0.65%TDI

TACN0.00%TDI0.65%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

TDI 36th cheapest of 55 funds

TACN vs TDI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): TACN No data; TDI 1.68%
Payout (12M): TACN None; TDI $0.75
Last payment: TACN No data; TDI $0.75
Ex-dividend: TACN No data; TDI Dec 30, 2025
Paid on: TACN No data; TDI Dec 31, 2025
Frequency: TACN No data; TDI Annual

Distribution history

Per share, 2023 to 2026, same scale for both

TACNAll TACN payments⁠

No distribution history available.

TDIAnnual · 3 paymentsAll TDI payments⁠

TACN vs TDI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TACN No dataTDI 12.8%since Jan 2024
Return per unit of riskSharpe ratio, 3 years: TACN No dataTDI 1.30since Jan 2024
Worst fallMax drawdown, 5 years: TACN No dataTDI −15.0%since Dec 2023
Market sensitivityBeta, 5 years: TACN 0.65TDI 0.95; Market = 1

TACN and TDI in the news

All news⁠

ETF Filings
Touchstone files to convert Dynamic Large Cap Growth into TDLG
Sep 25, 2026TDI
ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026TACN

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TACN vs TDI

In short

Stated mandate

Why people hold it

Worth knowing

How TACN and TDI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TACN

Only in TDI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Touchstone files to convert Dynamic Large Cap Growth into TDLG

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

How TACN and TDI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TACN

Only in TDI

Weight gaps