T. Rowe Price Hits 10 Active ETFs with $1B+ AUM

T. Rowe Price has reached 10 active exchange-traded funds with assets over $1 billion after the T. Rowe Price Growth ETF (TGRW) recently crossed the mark. The firm’s active ETF lineup includes equity and fixed-income strategies.

Eight of the funds above $1 billion are equity ETFs, including TGRW and the T. Rowe Price Capital Appreciation Equity ETF (TCAF). Two bond funds have passed the threshold. The group of funds covers U.S. large-cap, small- and mid-cap equity exposure and a range of bond maturities.

TCAF is the largest active ETF in the group, with about $7 billion in assets. Launched in 2023 and approaching its third anniversary, the fund is managed by David Giroux and focuses on higher-quality U.S. large-cap stocks with above-average growth potential.

The T. Rowe Price Small-Mid Cap ETF (TMSL) has recorded the largest year-to-date inflows among the ten funds, taking in more than $800 million so far and posting a 13.96% return year to date. On the fixed-income side, the T. Rowe Price QM U.S. Bond ETF (TAGG) and the T. Rowe Price Ultra Short-Term Bond ETF (TBUX) hold roughly $1.9 billion and $1.1 billion in assets, respectively; each has added more than $250 million in net inflows this year.

The U.S. Securities and Exchange Commission’s 2019 ETF rule streamlined the approval process for ETFs and reduced some barriers for new launches. Active ETFs have attracted a rising share of flows relative to their overall assets since the rule took effect.

The tenth billion-dollar active ETF places T. Rowe Price among a small set of asset managers with multiple active ETFs above $1 billion in AUM.