TACN vs TILC: Grades, Fees and Holdings Compared

T. Rowe Price Active Core International Equity ETF

TACNANYSE Arca

Thrivent International Large Cap ETF

TILCBNasdaq

Overlap

41.4%by weight

Expense ratio

TACN −0.52pt a year

TACN0.00%TILC0.52%

Avg volume · 30D

TILC 12.4×the volume

TACN2.59KTILC32.2K

TACN vs TILC Performance

Jul 31, 2026 – Oct 30, 2026

−2.0%TACN−2.9%TILC

Expense ratio: TACN 0.00%, better; TILC 0.52%
Fund size: TACN $24M; TILC $946M
Holdings: TACN 508; TILC 337
Avg volume (30D): TACN 2.59K sh; TILC 32.2K sh, better
NAV per share: TACN $28.20; TILC $24.72
52W range

ETF.net Grade

Pillar letters and Scores for TACN, TILC, with each pillar’s weight
Pillar	TACN	TILC
Cost30% weight	A100Higher	B62
Mission25% weight	Not scored	Not scored
Risk15% weight	A70Higher	B64
Tradability15% weight	C46Higher	D35
Holdings10% weight	A82Higher	B65
Durability5% weight	D30	A74Higher

Rank among International Active Equity funds

How we build Categories ›

Same Category. TACN and TILC 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 TILC 22nd 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 20BPQNTPictet AI Enhanced International Equity ETFScore 60
Rank 22BTILCThrivent International Large Cap ETFScore 57
Rank 22BTLCITouchstone International Equity ETFScore 57

Our read on each fund

ETF.net Research

TACNAT. Rowe Price Active Core International Equity ETF

TILCBThrivent International Large Cap 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).

TILC Thrivent's read on the developed world outside the US: an active, roughly 300-stock portfolio chosen by one model that weighs value, growth and momentum together, priced under the typical active international fund.

Stated mandate

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

TILC The Fund seeks long-term capital appreciation.

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.

TILC Costs 0.52% a year, below the median for actively managed international equity ETFs. Cheap-ish active, not boutique pricing.
One model, three lenses. The manager screens developed-market large caps on value, growth and momentum instead of hitching the fund to a single style.
Roughly 300 names, with at least 65% of assets in issuers from international developed markets. Broad by design, so no single holding carries the mandate.
Sits in the upper half of the active international equity funds we review, with diversification and a contained risk profile doing the heavy lifting.

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

TILC Systematic rivals undercut it on fee: DFIC and AVDE run near 0.22% to 0.23%. You are paying up for Thrivent's factor model and stock picking.
Trading is thin next to the category's household names, which usually means wider spreads at the moment you transact.
Live history is short, so there is less track record to judge than the strategy's longer lineage suggests.

Full TACN profile⁠

Full TILC profile⁠

TACN vs TILC Holdings

How TACN and TILC differ

Overlap by weight

41.4%

Shared holdings make up 66.4% of TILC and 55.0% of TACN.

Level by level

Holdings173 in both41.4%
Countryby domicile89.5%
Asset classEquity100%

Sector

No Sector split for TACN and TILC.

Country, concentration and asset class

Country by domicile

Country weights in TACN and TILC, widest gap first
Country	More in TACNMore in TILC	TACN	TILC
Switzerland	TACN +4.0 points	9.5%	5.5%
Denmark	TACN +1.8 points	1.9%	0.1%
Germany	TACN +1.8 points	8.2%	6.4%
France	TILC +1.5 points	9.1%	10.6%
Italy	TILC +1.4 points	3.2%	4.6%
Netherlands	TILC +1.1 points	5.9%	7.0%
Spain	TILC +1.0 points	4.2%	5.2%
Sweden	TILC +1.0 points	2.3%	3.3%
Other countries (17)	TILC +1.5 points	55.7%	57.2%

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

Concentration

Weight in the 10 largest Holdings

TACN14.6%
TILC23.4%

Securities held

TACN498
TILC336

Asset class

TACN: Equity
TILC: Equity

Holdings

Only in TACN325
In both173
Only in TILC163

Only in TACN

325 securities, 44.7% of TACN by weight

Totalenergies SE Common Stock EUR2.51.06%
Allianz SE Reg Common Stock1.06%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.95%
Novo Nordisk A/S B Common Stock DKK.10.88%
Anz Group Holdings Ltd Common Stock0.84%
Rolls Royce Holdings PLC Common Stock GBP.20.83%
Airbus SE Common Stock EUR1.00.75%
Dbs Group Holdings Ltd Common Stock0.74%
Bnp Paribas Common Stock EUR2.00.65%
Ing Groep NV Common Stock EUR.010.64%
Takeda Pharmaceutical Co Ltd Common Stock0.63%
Banco Santander SA Common Stock EUR.50.62%
Equinor Asa Common Stock NOK2.50.57%
Air Liquide SA Common Stock EUR5.50.55%
Bae Systems PLC Common Stock GBP.0250.53%
Asahi Group Holdings Ltd Common Stock0.51%
Sonova Holding AG Reg Common Stock CHF.050.51%
Suncorp Group Ltd Common Stock0.50%
Relx PLC Common Stock GBP.001443970.50%
Intercontinental Hotels Grou Common Stock GBP.20852130.49%
Hannover Rueck SE Common Stock0.48%
Eurofins Scientific Common Stock EUR.10.46%
Glencore PLC Common Stock USD.010.45%
Aia Group Ltd Common Stock0.44%
Amadeus It Group SA Common Stock EUR.010.44%
3I Group PLC Common Stock GBP.7386360.44%
Atlas Copco Ab A Shs Common Stock SEK.160.43%
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%
Caixabank SA Common Stock EUR1.00.41%
Ferrari NV Common Stock EUR.010.38%
Generali Common Stock0.34%
National Grid PLC Common Stock GBP.12431290.34%
Michelin (Cgde) Common Stock EUR.50.33%
SOUTH32 Ltd Common Stock0.32%
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%
Nitori Holdings Co Ltd Common Stock0.30%
Otsuka Corp Common Stock0.29%
Vestas Wind Systems A/S Common Stock DKK.20.29%
Tower Semiconductor Ltd Common Stock ILS15.00.29%
Spotify Technology SA Common Stock EUR.0006250.29%
Endesa SA Common Stock EUR1.20.28%
Investor Ab B Shs Common Stock SEK6.250.27%

Only in TILC

163 securities, 33.4% of TILC by weight

Msci Eafe DEC26 Ifus 202612185.85%
Investor Ab B Shs Common Stock SEK6.251.46%
Bnp Paribas Common Stock EUR2.01.42%
Totalenergies SE Common Stock EUR2.51.26%
Allianz SE Reg Common Stock0.97%
Ck Hutchison Holdings Ltd Common Stock HKD1.00.96%
Koninklijke Ahold Delhaize N Common Stock EUR.010.94%
Banco Santander SA Common Stock EUR.50.84%
Generali Common Stock0.81%
Air Liquide SA Common Stock EUR5.50.75%
Rio Tinto Ltd Common Stock0.70%
Banco Bilbao Vizcaya Argenta Common Stock EUR.490.66%
Unipol Assicurazioni Spa Common Stock0.58%
Asr Nederland NV Common Stock EUR.160.56%
Ssc Government Mm Gvmxx0.51%
Telstra Group Ltd Common Stock0.47%
Italgas Spa Common Stock0.45%
Orica Ltd Common Stock0.41%
Industrivarden Ab A Shs Common Stock SEK2.50.37%
Assa Abloy Ab B Common Stock SEK1.00.37%
Balfour Beatty PLC Common Stock GBP.50.36%
Logista Integral SA Common Stock EUR.20.35%
Daiwa Securities Group Inc Common Stock0.33%
Aurizon Holdings Ltd Common Stock0.32%
Sbm Offshore NV Common Stock EUR.250.31%
Iss A/S Common Stock DKK1.00.30%
Uol Group Ltd Common Stock0.29%
Venture Corp Ltd Common Stock0.29%
Westpac Banking Corp Common Stock0.29%
Anz Group Holdings Ltd Common Stock0.27%
Michelin (Cgde) Common Stock EUR.50.27%
Ericsson Lm B Shs Common Stock SEK5.00.26%
Sojitz Corp Common Stock0.25%
Ackermans & Van Haaren Common Stock0.25%
Octave Intelligence PLC Sdr Sdr0.23%
Aalberts NV Common Stock EUR.250.23%
Wh Group Ltd Common Stock USD.00010.23%
Galp Energia Sgps SA Common Stock EUR1.00.20%
L Oreal Common Stock EUR.20.20%
Ck Infrastructure Holdings L Common Stock HKD1.00.19%
Bouygues SA Common Stock EUR1.00.19%
Kawasaki Kisen Kaisha Ltd Common Stock0.18%
Singapore Airlines Ltd Common Stock0.18%
Inaba Denki Sangyo Co Ltd Common Stock0.17%
Amada Co Ltd Common Stock0.17%
Bezeq The Israeli Telecom Co Common Stock ILS1.00.17%
Basf SE Common Stock0.17%
Wpp PLC Common Stock GBP.10.16%
Japan Airlines Co Ltd Common Stock0.16%
Yangzijiang Shipbuilding Common Stock0.16%

Weight gaps

The 100 widest of 173 Holdings in both funds.

Holding weights in TACN and TILC, widest gap first
Holding	More in TACNMore in TILC	TACN	TILC
Natwest Group PLC Common Stock GBP1.0769NWG.L	TILC +1.16 points	0.15%	1.31%
Novartis AG Reg Common Stock CHF.49	TILC +1.14 points	1.29%	2.43%
Abb Ltd Reg Common Stock CHF.12	TILC +0.97 points	0.55%	1.52%
Gsk PLC Common StockGSK.L	TILC +0.96 points	0.34%	1.30%
Sanofi Common Stock EUR2.0	TILC +0.88 points	0.38%	1.26%
Edp SA Common Stock EUR1.0	TILC +0.87 points	0.05%	0.92%
Bhp Group Ltd Common Stock	TILC +0.81 points	0.87%	1.68%
Shell PLC Common Stock EUR.07SHEL.L	TILC +0.81 points	1.30%	2.11%
Hsbc Holdings PLC Common Stock USD.5HSBA.L	TACN +0.70 points	1.26%	0.56%
Axa SA Common Stock EUR2.29	TILC +0.68 points	0.29%	0.97%
Roche Holding AG Common Stock CHF.001	TILC +0.68 points	1.55%	2.23%
Unilever PLC Common Stock GBP.00031111ULVR.L	TACN +0.67 points	0.86%	0.19%
Tokio Marine Holdings Inc Common Stock	TILC +0.61 points	0.25%	0.86%
Next PLC Common Stock GBP.1NXT.L	TILC +0.61 points	0.06%	0.67%
Sandvik Ab Common Stock SEK1.2	TILC +0.56 points	0.09%	0.65%
Anheuser Busch Inbev Sa/Nv Common Stock	TILC +0.54 points	0.26%	0.80%
Nestle SA Reg Common Stock CHF.1	TACN +0.52 points	1.02%	0.50%
Ntt Inc Common Stock	TILC +0.53 points	0.07%	0.60%
Schneider Electric SE Common Stock EUR4.0	TACN +0.52 points	0.59%	0.07%
Qbe Insurance Group Ltd Common Stock	TILC +0.50 points	0.07%	0.57%
Mitsubishi Ufj Financial Gro Common Stock	TACN +0.49 points	1.43%	0.94%
Murata Manufacturing Co Ltd Common Stock	TACN +0.47 points	0.48%	<0.01%
Banco De Sabadell SA Common Stock EUR.125	TILC +0.47 points	0.07%	0.54%
Infineon Technologies AG Common Stock	TACN +0.46 points	0.47%	<0.01%
Daiichi Life Group Inc Common Stock	TILC +0.46 points	0.11%	0.57%
Sony Group Corp Common Stock	TACN +0.45 points	1.12%	0.67%
Sumitomo Mitsui Financial Gr Common Stock	TACN +0.44 points	1.05%	0.61%
Sumitomo Corp Common Stock	TACN +0.44 points	0.66%	0.22%
Komatsu Ltd Common Stock	TACN +0.42 points	0.49%	0.07%
Erste Group Bank AG Common Stock	TILC +0.41 points	0.09%	0.50%
Legrand SA Common Stock EUR4.0	TILC +0.41 points	0.09%	0.50%
Renesas Electronics Corp Common Stock	TACN +0.39 points	0.50%	0.11%
Tesco PLC Common Stock GBP.0633333TSCO.L	TILC +0.39 points	0.46%	0.85%
Vinci SA Common Stock EUR2.5	TACN +0.38 points	0.58%	0.20%
Tokyo Electron Ltd Common Stock	TILC +0.38 points	0.58%	0.96%
Barclays PLC Common Stock GBP.25BARC.L	TILC +0.38 points	0.55%	0.93%
Deutsche Telekom AG Reg Common Stock	TACN +0.37 points	0.67%	0.30%
British American Tobacco PLC Common StockBATS.L	TACN +0.36 points	0.58%	0.22%
Mitsubishi Heavy Industries Common Stock	TILC +0.33 points	0.18%	0.51%
Lvmh Moet Hennessy Louis Vui Common Stock EUR.3	TACN +0.33 points	0.45%	0.12%
Nn Group NV Common Stock EUR.12	TILC +0.32 points	0.07%	0.39%
Siemens Energy AG Common Stock	TACN +0.32 points	0.70%	0.38%
Repsol SA Common Stock EUR1.0	TILC +0.31 points	0.09%	0.40%
Sompo Holdings Inc Common Stock	TILC +0.31 points	0.07%	0.38%
Advantest Corp Common Stock	TILC +0.30 points	0.87%	1.17%
Itochu Corp Common Stock	TILC +0.30 points	0.20%	0.50%
United Overseas Bank Ltd Common Stock	TACN +0.28 points	0.36%	0.08%
Kddi Corp Common Stock	TACN +0.28 points	0.60%	0.32%
Singapore Exchange Ltd Common Stock	TILC +0.28 points	0.03%	0.31%
Enel Spa Common Stock EUR1.0	TACN +0.27 points	0.70%	0.43%
Aercap Holdings NV Common Stock EUR.01AER	TILC +0.25 points	0.07%	0.32%
Orix Corp Common Stock	TILC +0.24 points	0.14%	0.38%
Fujikura Ltd Common Stock	TILC +0.23 points	0.07%	0.30%
Softbank Corp Common Stock	TILC +0.23 points	0.10%	0.33%
Bunzl PLC Common Stock GBP.3214286BNZL.L	TILC +0.23 points	0.33%	0.56%
Iberdrola SA Common Stock EUR.75	TACN +0.22 points	0.57%	0.35%
Rwe AG Common Stock	TILC +0.21 points	0.10%	0.31%
Haleon PLC Common Stock GBP.01HLN.L	TILC +0.21 points	0.10%	0.31%
Zurich Insurance Group AG Common Stock CHF.1	TILC +0.21 points	0.36%	0.57%
Evonik Industries AG Common Stock	TACN +0.21 points	0.27%	0.06%
Nitto Denko Corp Common Stock	TILC +0.20 points	0.03%	0.23%
Macquarie Group Ltd Common Stock	TACN +0.20 points	0.25%	0.05%
Japan Exchange Group Inc Common Stock	TILC +0.20 points	0.03%	0.23%
Honda Motor Co Ltd Common Stock	TILC +0.20 points	0.13%	0.33%
Diploma PLC Common Stock GBP.05DPLM.L	TILC +0.20 points	0.04%	0.24%
Ubs Group AG Reg Common Stock USD.1	TILC +0.19 points	0.84%	1.03%
Ipsen Common Stock EUR1.0	TILC +0.19 points	0.21%	0.40%
Toyota Motor Corp Common Stock	TACN +0.19 points	0.71%	0.52%
Roche Holding AG Br Common Stock CHF.001	TILC +0.19 points	0.04%	0.23%
Klepierre Reit EUR1.4	TACN +0.19 points	0.25%	0.06%
Unicredit Spa Common Stock	TILC +0.19 points	0.85%	1.04%
Endeavour Mining PLC Common Stock USD.01EDV.L	TACN +0.19 points	0.22%	0.03%
Bp PLC Common Stock USD.25BP.L	TILC +0.18 points	0.39%	0.57%
Dnb Bank Asa Common Stock NOK12.5	TILC +0.18 points	0.07%	0.25%
Prosus NV Common Stock EUR.05	TACN +0.17 points	0.17%	<0.01%
Sumitomo Electric Industries Common Stock	TILC +0.17 points	0.07%	0.24%
Muenchener Rueckver AG Reg Common Stock	TILC +0.17 points	0.29%	0.46%
Naturgy Energy Group SA Common Stock EUR1.0	TILC +0.17 points	0.25%	0.42%
Sap SE Common Stock	TACN +0.16 points	0.95%	0.79%
Imperial Brands PLC Common Stock GBP.1IMB.L	TILC +0.16 points	0.40%	0.56%
Taisei Corp Common Stock	TACN +0.16 points	0.21%	0.05%
Inpex Corp Common Stock	TACN +0.16 points	0.28%	0.12%
Fresenius SE & Co Kgaa Common Stock	TILC +0.16 points	0.07%	0.23%
Eneos Holdings Inc Common Stock	TILC +0.15 points	0.06%	0.21%
Ms+ad Insurance Group Holdin Common Stock	TACN +0.14 points	0.50%	0.36%
Canon Inc Common Stock	TILC +0.15 points	0.06%	0.21%
Bridgestone Corp Common Stock	TACN +0.14 points	0.30%	0.16%
Bank Leumi Le Israel Common Stock ILS.1	TILC +0.14 points	0.08%	0.22%
Nintendo Co Ltd Common Stock	TILC +0.13 points	0.22%	0.35%
Siemens AG Reg Common Stock	TACN +0.13 points	0.99%	0.86%
Bank Hapoalim Bm Common Stock ILS1.0	TILC +0.14 points	0.07%	0.21%
Panasonic Holdings Corp Common Stock	TACN +0.14 points	0.14%	<0.01%
Mizuho Financial Group Inc Common Stock	TILC +0.13 points	0.35%	0.48%
Recruit Holdings Co Ltd Common Stock	TACN +0.13 points	1.18%	1.05%
Kingfisher PLC Common Stock GBP.157143KGF.L	TILC +0.13 points	0.03%	0.16%
Bayer AG Reg Common Stock	TACN +0.12 points	0.22%	0.10%
Rio Tinto PLC Common Stock GBP.1RIO.L	TACN +0.13 points	0.35%	0.22%
Ageas Common Stock	TACN +0.13 points	0.28%	0.15%
Sekisui House Ltd Common Stock	TILC +0.12 points	0.04%	0.16%
Spie SA Common Stock EUR.47	TACN +0.12 points	0.14%	0.02%

All TACN holdings⁠All 316 TILC 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 TILC Cost

Overpaying TILC vs TACN

$10,351

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

TACN 0.00%
$0
TILC 0.52%
$10,351

Amount$10,000

Years30 years

Cost over time

TACN 0.00%
TILC 0.52%
Overpaying

Year by year

Year	TACN	TILC	Overpaying
10	$0	$935	$935
20	$0	$3,593	$3,593
30	$0	$10,351	$10,351

Expense ratio

0.00%TACN, cheaper
0.52%TILC

TACN0.00%TILC0.52%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

TACN cheapest of 55 funds

TILC 21st cheapest of 55 funds

TACN vs TILC Dividends

Last 12 months to Oct 30, 2026

Payout (12M): TACN None; TILC None

Distribution history

TACNAll TACN payments⁠

No distribution history available.

TILCAll TILC payments⁠

No distribution history available.

TACN vs TILC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: TACN 0.65TILC 0.91; Market = 1

TACN and TILC in the news

All news⁠

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

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TACN vs TILC

In short

Stated mandate

Why people hold it

Worth knowing

How TACN and TILC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TACN

Only in TILC

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 TACN and TILC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TACN

Only in TILC

Weight gaps