T. Rowe Price Expands ETF Offerings
T. Rowe Price, a leading global investment management firm, has announced the launch of three new active transparent equity exchange-traded funds (ETFs). These additions aim to enhance the firm's lineup of financial products and cater to the evolving investment needs of clients. The newly introduced ETFs include the
T. Rowe Price Financials ETF (Ticker: TFNS), the
T. Rowe Price Health Care ETF (Ticker: TMED), and the
T. Rowe Price Natural Resources ETF (Ticker: TURF). Trading began for these funds on NASDAQ on June 12, 2025, bringing the total number of active ETFs offered by T. Rowe Price to 22.
Distinct Strategies for Each ETF
Each of these newly launched funds is designed to pursue specific investment strategies tailored to their respective sectors, with a competitive expense ratio of 0.44%. Here’s a breakdown of each fund's focus:
T. Rowe Price Financials ETF (TFNS)
TFNS aims to invest at least 80% of its net assets in securities from companies within the financial services industry. The fund typically manages a portfolio of 50 to 70 securities, allowing investors to gain diversified exposure to this essential sector. Portfolio managers Matt Snowling, CFA® and Greg Locraft oversee the fund, employing their expertise from T. Rowe Price’s Financial Services Equity strategy.
T. Rowe Price Health Care ETF (TMED)
Focusing on health care innovations, TMED allocates a significant portion of its assets—also at least 80%—to health care sector securities. This fund diversifies its portfolio with around 100 to 150 stocks, primarily in biotechnology, pharmaceuticals, and medical devices. Co-managed by Sal Rais, who specializes in biotech, and Jon Wood, who covers life sciences, TMED targets long-term capital appreciation through its investments in companies engaged in health care advancements.
T. Rowe Price Natural Resources ETF (TURF)
Finally, TURF focuses on natural resource firms, directing at least 80% of its assets toward securities involved in the extraction of energy, minerals, and agricultural products. With a typical portfolio of 60 to 80 securities, TURF aims to provide global exposure to resource companies. This ETF is co-managed by a team of experienced professionals, including Rick de los Reyes, and other specialists concentrating on global natural resources.
The Growth of T. Rowe Price ETFs
Since introducing its first active ETFs in 2020, T. Rowe Price has steadily grown its portfolio to encompass 16 equity active ETFs and 6 fixed-income active ETFs. One of the key features of these funds is their tax efficiency and competitive expense ratios, making them an attractive option for investors looking for flexibility and informed guidance. Each ETF is underpinned by T. Rowe Price's decades of investment research and expertise, which aims to deliver superior investment outcomes compared to passive index alternatives.
Commitment to Client Needs
Tim Coyne, Global Head of Exchange-Traded Funds at T. Rowe Price, emphasized the company's ongoing commitment to developing a diverse array of active ETFs tailored to investor needs, stating, "The launches of TMED, TURF, and TFNS reflect our dedication to meeting the evolving needs of our clients in an ever-changing market."
Founded in 1937, T. Rowe Price has built a reputation for integrity and client-first culture, managing over $1.62 trillion in assets as of May 31, 2025. The company continues to be a trusted resource for investors aiming to achieve their long-term financial goals.
For more information on these new funds and the complete lineup of ETFs, visit
T. Rowe Price's newsroom.
Important Disclaimer
Before investing, individuals are encouraged to review the investment objectives, risks, and expenses of the funds, which are detailed in the prospectus and summary prospectus available through T. Rowe Price’s official website. Investors should note that ETF shares are bought and sold at market prices and are subject to brokerage commissions. Understanding these details is crucial for making informed investment decisions.