T. Rowe PriceSectorsFinancials#161 of 264 by YTD

T. Rowe Price Financials ETFTFNS

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Bucket avg Compare

$29.21−0.5%

−$0.14 · Nov 6 close

Buy

AUM: $18M
Fee: 0.44%
Yield: 0.5%

Bumpy · 1Y: 1.1×S&P
Volume: 817
NAV: $29.19

What's insideAll 83 →

BRK-B 13.0%V.BA 7.7%MA.BA 7.1%JPM.NE 4.7%

52-week range3% below the high

$24.30$30.18

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.5%	+4.9%	−1.5%	+6.3%	+12.8%	—	—	+17.4%
Peer average	−0.6%	+2.8%	−4.4%	+5.6%	+13.0%	+85.6%	+49.3%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

TFNS in One Breath

TFNS Among Financials ETFs

YTD

#1QABAFirst Trust+20.1%$86.9M

#2GSIBThemes+14.3%$37.2M

#3KRESPDR+13.3%$4.7B

#4PSCFInvesco+12.3%$29.8M

#5IAKiShares+11.6%$483M

#6KBWPInvesco+11.4%$305M

#7KBESPDR+10.5%$1.6B

#8IATiShares+9.7%$627M

#14TFNST. Rowe Price+6.3%$18.2M

End-of-day Nov 9, 2026 · 29 Financials ETFs by YTD

$10,000 in TFNS

$10,000 in TFNS became

$11,736

In the S&P 500 (VOO)

$12,395

Total return, dividends in · Jun 12, 2025 – Nov 6, 2026 · S&P 500 uses VOO

TFNS’s Top Holdings

Today

BRK-BBerkshire Hathaway 003313.0%V.BA7.7%MA.BA7.1%JPM.NE4.7%BAC4.2%WFC3.7%GS.NE3.5%SCHW3.0%C2.9%CB2.7%BLK.TO2.4%MS.TO2.4%COF2.4%MRSH2.0%ALL.TA1.6%USB1.5%AON1.2%MET1.2%AXP.BA1.1%CMEICESTT42 more

BRK-BBerkshire Hathaway 003313.0%V.BA7.7%MA.BA7.1%JPM.NE4.7%BAC4.2%WFC3.7%GS.NE3.5%SCHW3.0%C2.9%CB2.7%BLK.TO2.4%52 more

Financial - Credit ServicesBanks - DiversifiedInsurance - DiversifiedFinancial - Capital MarketsBanks - RegionalAsset ManagementOther

T. Rowe Price TFNS · 64 holdings · tile size = share of the fund · as of Nov 6, 2026

What TFNS Holds

Today

Financial - Credit Services21.2%

V.BA 7.7 · MA.BA 7.1 · COF 2.4 · AXP.BA 1.1 · GPN · PYPL.NE · SLM

Banks - Diversified16.3%

JPM.NE 4.7 · BAC 4.2 · WFC 3.7 · C 2.9 · BCS · UBS

Insurance - Diversified14.5%

BRK-B 13.0 · AXS · AIG · HIG

Financial - Capital Markets11.5%

GS.NE 3.5 · SCHW 3.0 · MS.TO 2.4 · HOOD · MRX · TW · VIRT

Banks - Regional8.5%

USB 1.5 · HBAN · WAL · PNFP · COLB · PNC · KEY

Asset Management8.3%

BLK.TO 2.4 · STT 1.1 · KKR 1.1 · APO · EQH · ARES · STEP

Other holdings19.6%

CB 2.7 · MRSH 2.0 · ALL.TA 1.6 · AON 1.2 · MET 1.2 · CME 1.1 · ICE 1.1

T. Rowe Price TFNS · share of the fund by industry · as of Nov 6, 2026

Berkshire’s Share of TFNS

Today

13.0%

$130 of every $1,000 in TFNS is Berkshire

Berkshire held by TFNS

$2.4M

Most Berkshire per dollar

IYG14.8%

XLF13.2%

TFNS13.0%

IYF12.9%

T. Rowe Price TFNS · each square = $10 of $1,000 · as of Nov 6, 2026

TFNS’s Share of Financials ETFs

Today

0.0%

of the $99.8B in 33 Financials ETFs

TFNS$18.2M0.0%

XLF$54.5B54.6%

VFH$12.7B12.7%

30 others$32.5B32.6%

Financials ETF AUM · Nov 9, 2026

TFNS Fee per $100 vs Peers

Today

$0.44a year
per $100

$44 a year on $10,000

XLF$0.08

VFH$0.09

KBWB$0.35

KRE$0.35

IYF$0.37

TFNS$0.44

Expense ratio · Financials peers · Nov 9, 2026

Inside TFNS

64 holdings · as of Nov 6, 2026

TFNS

T. Rowe Price Financials ETF

Today

Financial - Credit Services21.2%V.BA7.7%MA.BA7.1%COFAXP.BAGPNPYPL.Banks - Diversified16.3%JPM.NE4.7%BAC4.2%WFC3.7%C Insurance - Diversified14.5%BRK-B13.0%Financial - Capital Markets11.5%GS.NESCHWMS.TOHOODBanks - Regional8.5%USBHBANWALPNFPCOLB12 moreAsset Management8.3%BLK.TOSTTKKRAPOOther19.6%CB MRSHALL.TAAONMET17 more

#	Ticker	Company	Weight ▼
1	BRK-B	Berkshire Hathaway 0033	13.03%
2	V.BA	Visa Shares 0001	7.69%
3	MA.BA	Mastercard A 0001	7.14%
4	JPM.NE	Jpmorgan Chase + Usd1.0	4.65%
5	BAC	Bank OF America 01	4.17%
6	WFC	Wells Fargo + Usd1.666	3.72%
7	GS.NE	Goldman Sachs Group 01	3.51%
8	SCHW	Schwab (charles) 01	2.97%
9	C	Citigroup 01	2.91%
10	CB	Chubb	2.67%

See all 83 holdings ↓

Financial - Credit ServicesBanks - DiversifiedInsurance - DiversifiedFinancial - Capital MarketsBanks - RegionalAsset ManagementOther

T. Rowe Price TFNS · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 69.5%

All TFNS Holdings

83 holdings · as of Nov 6, 2026

TFNS

TFNS’ Holdings

Today

#
1	BRK-BBerkshire Hathaway 0033	Financial Services	13.03%	$1,302.73	4,176	$2.4M
2	V.BAVisa Shares 0001	Financial Services	7.69%	$768.64	3,337	$1.4M
3	MA.BAMastercard A 0001	Financial Services	7.14%	$713.97	1,997	$1.3M
4	JPM.NEJpmorgan Chase + Usd1.0	Financial Services	4.65%	$465.01	2,529	$853K
5	BACBank OF America 01	Financial Services	4.17%	$417.41	15K	$766K
6	WFCWells Fargo + Usd1.666	Financial Services	3.72%	$371.96	8,095	$682K
7	GS.NEGoldman Sachs Group 01	Financial Services	3.51%	$350.96	741	$644K
8	SCHWSchwab (charles) 01	Financial Services	2.97%	$297.47	5,895	$546K
9	CCitigroup 01	Financial Services	2.91%	$291.37	4,513	$535K
10	CBChubb	Financial Services	2.67%	$267.38	1,320	$491K
11	BLK.TOBlackrock 01	Financial Services	2.43%	$243.11	381	$446K
12	MS.TOMorgan Stanley 01	Financial Services	2.39%	$239.26	2,406	$439K
13	COFCapital ONE Financial 01	Financial Services	2.36%	$235.66	2,121	$432K
14	MRSHMarsh + Mclennan COS	Financial Services	2.01%	$200.91	1,760	$369K
15	ALL.TAAllstate 01	Industrials	1.61%	$160.94	1,107	$295K

T. Rowe Price TFNS · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

TFNS

T. Rowe Price Financials ETF’s Peers

YTD


XLF	SPDRRead Desk	0.08%	+5.7%	+10.4%	$54.5B
VFH	VanguardRead Desk	0.09%	+5.2%	+10.1%	$12.7B
KBWB	InvescoRead Desk	0.35%	+5.7%	+16.1%	$6.5B
KRE	SPDRRead Desk	0.35%	+13.3%	+22.0%	$4.7B
IYF	iSharesRead Desk	0.37%	+3.5%	+8.8%	$3.8B
TFNS	T. Rowe PriceThis fundRead Desk	0.44%	+6.3%	+12.8%	$18M

Financials peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put TFNS head to head with XLF →

XLF vs TFNS

YTD

XLFSPDR · FinancialsTFNST. Rowe Price · Financials

Year to date

+5.7%

+6.3%

TFNS wins+0.6 pts

Past year

+10.4%

+12.8%

TFNS wins+2.4 pts

Fee

0.08%

0.44%

XLF winslower fee

Yield

1.4%

0.5%

XLF wins+1.0 pt

AUM

$54.5B

$18.2M

XLF2987.8× more

2–2level

SPDR XLF and T. Rowe Price TFNS · year-to-date · as of Nov 9, 2026 · AUM not scored

TFNS vs VOO

YTD

TFNS · T. Rowe Price Financials

+6.3%

VOO · S&P 500

+8.7%

Gap

2.5 pts

T. Rowe Price TFNS and Vanguard VOO · YTD total return · as of Nov 9, 2026

TFNS vs Its Peer Average

YTD

TFNSAvsBPeer average

1D−0.5%−0.6%

1M+4.9%+2.8%

3M−1.5%−4.4%

YTD+6.3%+5.6%

1Y+12.8%+13.0%

3Y[…]+85.6%

5Y[…]+49.3%

4–1TFNS wins

32 Financials peers · each row scaled to its leader

How Bumpy Is TFNS?

View

TFNS

How Bumpy

1.1×the S&P 500’s swings

CalmerBumpierS&P 1×TFNS

Calm rank among 7 financials funds#4

Other financials funds1.1× to 1.6×

T. Rowe Price TFNS · daily swings over the past year vs the S&P 500

TFNS

Worst Drop

−14.0%from its Jan 6 high

Still below the high−3.2%

$10,000 at the high is now$9,680

T. Rowe Price TFNS · fall from the highest close, past year

TFNS

On a Bad Day

0.6×the S&P 500’s fall

TFNS’s worst day: Monday, Feb 23

TFNS

−3.3%

S&P 500

−1.0%

Up days53 of every 100

S&P 500 up days52 of every 100

T. Rowe Price TFNS · average move on days the S&P 500 fell

TFNS

Return for the Bumps

1Y#3 of 7 financials funds

#1KRESPDR

most for the bumps

#2EUFNiShares

#3TFNST. Rowe Price

#4KBWBInvesco

#5XLFSPDR

#6VFHVanguard

#7IYFiShares

calmest ride

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

TFNS

Cost

Today

$44a year per $10,000

XLF

VFH

KBWB

$35

KRE

$35

IYF

$37

TFNS

$44

EUFN

$49

Expense ratio 0.44%, taken from the fund’s value

TFNS

Volatility & Beta

15.3%annual volatility

S&P 500 volatility13.6%

Downside volatility10.6%

Beta vs SPY0.61

Correlation vs SPY0.54

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

TFNS

Max Drawdown

−14.0%peak to trough

Peak closeJan 6, 2026

Current drawdown−3.2%

Worst day−3.30% · Feb 23

Closing prices, dividends in

TFNS

Up / Down Capture

61%down capture vs SPY

Down days

61%

Up days

71%

S&P 500

100%

Up ÷ down capture1.16

Up days53.1% (S&P 52.0%)

Average daily move on SPY up days and down days

TFNS

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
KRE	0.93	1.38	20.7%	−15.0%	0.59	$35
EUFN	0.69	1.06	21.6%	−14.8%	1.08	$49
TFNS	0.65	0.94	15.3%	−14.0%	0.61	$44
KBWB	0.62	0.86	20.4%	−16.4%	0.91	$35
XLF	0.50	0.72	15.2%	−14.8%	0.60	$8
VFH	0.47	0.68	15.3%	−14.7%	0.62	$9
IYF	0.39	0.56	15.1%	−13.9%	0.63	$37

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

TFNS

Trading

Today

+0.07%above its holdings’ value

Close$29.21

NAV$29.19

Fee per $10,000$44 a year

Avg. volume 30D7K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

TFNS

Fund Facts

Today

2025launched Jun 11

Tracks[…]

Exchange · CUSIPNASDAQ · 87283Q768

StructureETF

Leverage1x

Cost on $10,000$44 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

T. Rowe Price TFNS · fund facts · as of Nov 9, 2026

TFNS

Payouts by Year

$0.14per share, Dec 2025

Distribution yield0.5%

Paid[…]

Latest ex-date · paidDec 23 · Dec 26, 2025

1 payouts added up$0.14 a share

T. Rowe Price TFNS · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$29.19

Premium / discount[…]

Median spread · 30D[…]

Volume today817

Average volume · 30D7K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.44%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$44.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 23, 2025	Dec 26, 2025	$0.14

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