TACU vs XCHG

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

XCHGBAb US Equity ETF

In short

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.

XCHG The ticker is the tell. XCHG was seeded through a Section 351 exchange, the mechanism for folding appreciated stock into a new fund, then run as an actively managed, S&P 500-benchmarked portfolio of US mid- and large-caps.

Stated mandate

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.

XCHG The fund seeks long-term growth of capital and income by investing primarily in U.S. mid- and large-capitalization companies. Its approach combines fundamental and quantitative research and aims to outperform over market cycles.

Why people hold it

• 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

• XCHG 0.50% a year versus a 0.65% median for active US equity funds. An active mandate at a below-average sticker price.
• Roughly 600 holdings measured against the S&P 500. A broad core sleeve, not a concentrated bet on a dozen convictions.
• Built with Bernstein Private Wealth Management and launched into an AB ETF lineup already more than 20 funds deep. Pays quarterly.prnewswire.com
• The process blends fundamental and quantitative research across US mid- and large-caps, aiming at growth of capital and income over full market cycles.

Worth knowing

• 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.

• XCHG Thinly traded. Spreads can run wider than on mega-liquid index funds, and size orders may need more patience.
• Launched in December 2025, so there is no multi-cycle record for this strategy in ETF form yet.
• Other active funds benchmarked to the same index charge less, including FELC at 0.18% and PQUS at 0.22%.

Full TACU profile⁠

Full XCHG profile⁠