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

T. Rowe Price Active Core U.S. Equity ETF is an actively managed exchange-traded fund designed to deliver long-term capital growth by outperforming broad U.S. equity benchmarks. It blends active fundamental research with quantitative security selection, targeting low tracking error while holding approximately 550–650 securities, primarily in the large-cap blend segment. Managed by T. Rowe Price Associates, the fund employs a portfolio team including Jordan Pryor, Andrew Tang, Laurence Taylor, and Joe Wolfe, leveraging the firm's extensive expertise in rigorous stock analysis and market insights. Launched on December 11, 2025, it features a gross expense ratio of 0.14%, with fees fully waived through January 30, 2027, resulting in a net expense ratio of zero during this period. As part of T. Rowe Price's expanding lineup of 30 active ETFs—20 equity and 10 fixed income—this ETF offers investors a cost-effective, transparent vehicle for core U.S. equity exposure, publishing daily proxy portfolios to facilitate efficient trading and tax efficiency.