T. Rowe Price U.S. Equity Research ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, T. Rowe Price U.S. Equity Research ETF held 330 positions with $4.06B in net assets. Its ten largest holdings made up 36.3% of the fund. The TSPA share class costs 0.34% a year. Over the 12 months to May 2026, TSPA returned 29.4%, with dividends reinvested. In 2026 Q2 it added 44 new positions and exited 25.
The fund seeks to provide long-term capital growth.
The fund is actively managed to track the S&P 500 Index in sector and industry weightings while overweighting stocks viewed favorably by T. Rowe Price equity analysts and underweighting or avoiding those viewed negatively. Because individual stock weights can vary significantly from the Index, the fund's performance depends on the analysts' security selection decisions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 7.39% | $300.21M | 1.5M | $200.09 |
AAPLAPPLE INC | 6.50% | $264.14M | 912.8K | $289.36 |
MSFTMICROSOFT CORP | 4.28% | $174.01M | 466.5K | $373.02 |
AMZNAMAZON.COM INC | 3.71% | $150.92M | 633.2K | $238.34 |
3.35% | $135.93M | 384.7K | $353.33 | |
AVGOBROADCOM INC | 2.65% | $107.56M | 284.7K | $377.75 |
GOOGLALPHABET INC CL A | 2.59% | $105.03M | 293.9K | $357.37 |
2.04% | $83.07M | 147.5K | $563.29 | |
2.03% | $82.61M | 71.6K | $1,154.29 | |
TSLATESLA INC | 1.77% | $72.05M | 171.3K | $420.60 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 330 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.66% |
| Cash & short-term | 0.34% |
By sector
- Information Technology
- 38.0%
- Financials
- 12.3%
- Communication Services
- 9.7%
- Consumer Discretionary
- 9.0%
- 9 other sectors
- 31.0%
- Information Technology
- 38.0%
- Financials
- 12.3%
- Communication Services
- 9.7%
- Consumer Discretionary
- 9.0%
- Health Care
- 8.9%
- Industrials
- 8.2%
- Consumer Staples
- 4.2%
- Energy
- 3.0%
- Utilities
- 2.2%
- Materials
- 1.6%
- Real Estate
- 1.5%
- International
- 0.9%
- Cash
- 0.3%
How it has done
TSPA share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.56%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
T. Rowe Price U.S. Equity Research ETF is an actively managed U.S. equity ETF. 22% of TSPA’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 99% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified
- Expense ratio, by class
- 0.34%· TSPA 0.34%
- Portfolio turnover
- 43.60% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
44 new· the largest 8
25 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — TSPA, QQQ and the fund in my 401(k)?”
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