T. Rowe Price Financials ETF (TFNS US)
TFNS US$28.52
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 28.52
- Change
- ▼ -0.03 (-0.11)
- Bid / Ask
- 28.56 - 28.60
- Volume
- 12
- Turnover
- 5,725
- Open
- 28.70
- Day Range
- 28.70 - 28.70
- VWAP
- 28.63
- Prev Close
- 28.55
- Last Trade
- 28/10 1:55pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$17.8M
OCT 2026
Distributions
Annually
Since inception
1.4 yrs
JUN 2025
- Legal name
- T. Rowe Price Financials ETF
- Issuer
- T. Rowe Price
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Financial
- Category index
- Morningstar US Fin Svc TR USD
- Benchmark
- N/A
- ETF net assets
- $17.8M
- Units on issue
- 625,000
- Management fee
- 0.44% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 11 JUN 2025
- Listed
- 12 JUN 2025
Objective and strategy
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of financial companies. The manager defines financial companies as companies in banking, insurance, consumer finance, capital markets, government-sponsored financial enterprises, securities exchanges, REITS, transaction and payment processing, mortgage finance, investment management, and/or financial services. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 95.05%Non-US equity 4.56%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.61 | 99.61 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.39 | 0.39 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 97.13%Sensitive 2.87%Defensive 0.00%
- Basic Materials
- 0.00%
- Consumer Cyclical
- 0.00%
- Financial Services
- 97.13%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 0.00%
- Industrials
- 1.08%
- Technology
- 1.78%
- Consumer Defensive
- 0.00%
- Healthcare
- 0.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 99.69%Emerging markets 0.32%
- North America
- 95.42%
- Latin America
- 0.63%
- United Kingdom
- 0.67%
- Europe Developed
- 2.92%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.21%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.15%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 95.42%
- Switzerland
- 2.92%
- United Kingdom
- 0.67%
- Other Countries
- 0.32%
- Brazil
- 0.32%
- Israel
- 0.21%
- South Korea
- 0.15%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Value
- Average moat
- Moderate
Size score
226
Small
Mid
Large
Value-growth score
19
Value
Blend
Growth
Economic moat
Wide 55%Narrow 34%None 11%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 21.34%
- Large
- 45.01%
- Mid
- 24.35%
- Small
- 7.51%
- Micro
- 1.79%
Giant 21%Large 45%Mid 24%Small 8%Micro 2%
- Average market cap
- $154.66B
- Number of holdings
- 82
- Shares held
- 81
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 14.37
- Price / book
- 2.04
- Price / sales
- 2.78
- Dividend yield
- 1.57%
- Assets in top 10
- 52.52%
- Return on equity
- 23.70%
- Net margin
- 25.63%
- Earnings growth (3 yr)
- 12.80%
Top holdings · top 10 = 52.12% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc Class B BRK.B | 11.61 | JUN 2025 | 2.2M | USD | 4,319 | Financial Services | United States | |
| Visa Inc Class A V | 7.19 | JUN 2025 | 1.3M | USD | 3,674 | Financial Services | United States | |
| Mastercard Inc Class A MA | 6.40 | JUN 2025 | 1.2M | USD | 2,123 | Financial Services | United States | |
| JPMorgan Chase & Co JPM | 4.98 | JUN 2025 | 929,904 | USD | 2,776 | Financial Services | United States | |
| Wells Fargo & Co WFC | 4.49 | JUN 2025 | 839,889 | USD | 10,436 | Financial Services | United States | |
| Bank of America Corp BAC | 4.30 | JUN 2025 | 802,746 | USD | 14,606 | Financial Services | United States | |
| The Goldman Sachs Group Inc GS | 3.56 | JUN 2025 | 665,190 | USD | 726 | Financial Services | United States | |
| Charles Schwab Corp SCHW | 3.54 | JUN 2025 | 662,285 | USD | 6,683 | Financial Services | United States | |
| Citigroup Inc C | 3.45 | JUN 2025 | 644,844 | USD | 4,930 | Financial Services | United States | |
| Morgan Stanley MS | 2.60 | JUN 2025 | 485,370 | USD | 2,518 | Financial Services | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-7.6
3M
-0.5
6M
9.0
YTD
-0.4
1Y
3.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -7.57 | -7.51 | -7.53 | 63 / 102 |
| 3 months | -0.55 | -0.50 | -0.44 | 39 / 97 |
| 6 months | 9.00 | 9.18 | 9.24 | 31 / 94 |
| Year to date | -0.36 | -0.30 | -0.04 | 51 / 94 |
| 1 year | 3.59 | 3.72 | 4.05 | 40 / 93 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -4.22 | — | — | — |
| Beta | 0.39 | — | — | — |
| R-squared | 13.63 | — | — | — |
| Standard deviation | 15.11 | — | — | — |
| Sharpe ratio | 0.05 | — | — | — |
| Sortino ratio | 0.07 | — | — | — |
| Tracking error | 16.48 | — | — | — |
| Information ratio | -0.80 | — | — | — |
| Upside capture % | 33.23 | — | — | — |
| Downside capture % | 51.71 | — | — | — |
| Maximum drawdown % | -8.49 | — | — | — |
Measured against MSCI ACWI NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
76.8
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Best quarter
- 12.37% · AUG 2026
- Worst quarter
- -8.49% · MAR 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.44% p.a.
- PDS dated
- 1 MAR 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.1353
- Ex Date
- 23 DEC 2025
- Record Date
- 23 DEC 2025
- Pay Date
- 26 DEC 2025
- NAV at ex date
- 27.85
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.1
| Year | Per unit ($) |
|---|---|
| 2024 | 0.1353 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 23 DEC 2025 | 0.1353 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Average
ESG risk score
20.30
Negligible
Low
Medium
High
Severe
Category average 19.93
- Rank in category
- 60th percentile of 273 funds
- Environmental risk
- 1.64
- Social risk
- 9.32
- Governance risk
- 8.40
- Portfolio covered
- 98.6%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 54.11%
- Medium
- 44.64%
- High
- 1.25%
- Severe
- 0.00%
0.67% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
10.79
Low
Medium
High
Severe
Category average 7.74
- Carbon risk
- Medium Risk
- Rank in category
- 66th percentile of 302 funds
- Fossil fuel involvement
- 9.65%
- Category average
- 2.49%
- Low Carbon Designation
- No
- Portfolio covered
- 98.6%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Gregory Locraft
- Matt J. Snowling
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 1.3 years
- Longest tenure
- 1.3 years
- Longest serving
- Gregory Locraft, Matt J. Snowling · since 11 JUN 2025
- Most recent appointment
- Gregory Locraft, Matt J. Snowling · since 11 JUN 2025
- Managed since
- 11 JUN 2025
- Other funds managed
- 3
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
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