T. Rowe Price Innovation Leaders ETF

T. Rowe Price Innovation Leaders ETF is an actively managed exchange-traded fund launched on January 29, 2026, designed to deliver long-term capital growth by investing in companies leading innovation worldwide. It targets disruptive firms across sectors like technology, healthcare, and financials, using T. Rowe Price's global research platform that blends top-down trend analysis with bottom-up security selection to identify market leaders. The ETF holds 150-250 securities in a dynamic portfolio, allowing flexibility to adapt to emerging innovations beyond core sectors while applying disciplined risk management. Co-managed by experienced portfolio managers Sean McWilliams, head of systematic investing with 16 years of experience, and Som Priestley, head of Global Investment Solutions, Americas, with 20 years of tenure, it features a net expense ratio of 0.49%. This addition expands T. Rowe Price's active ETF lineup to 31 funds, emphasizing tax efficiency, intraday trading flexibility, and outperformance potential through rigorous, independent research in a rapidly evolving market landscape.