T. Rowe Price ETF TSPA Draws $543M in One Month

T. Rowe Price’s actively managed S&P 500 ETF, ticker TSPA, drew $543 million in net inflows in the one-month period ended June 11. The fund offers an actively managed exposure to large-cap U.S. stocks that is meant to track the index while allowing manager discretion.

The ETF charges 34 basis points. It seeks to deliver returns above the S&P 500 by using fundamental research to adjust stock weights while keeping a portfolio broadly similar to the index. Managers can overweight or underweight individual stocks relative to their index weights.

About 30 U.S. equity research analysts support the strategy and provide the analysis that informs stock selection and weightings. The research team’s work feeds into decisions on position sizing and sector exposure.

Performance data show the ETF has outpaced the S&P 500 year-to-date and produced cumulative outperformance over three years. As of June 11 the ETF traded at $45.94, above its 50-day simple moving average of $45.56 and its 200-day average of $43.18.

Managers can reduce exposure to heavily weighted sectors such as technology if names fail to meet the fund’s fundamental criteria, or overweight large-cap stocks the research team favors. The fund’s structure allows adjustments to sector concentration within a market-like sleeve.

The one-month inflow and the fund’s fee profile are measurable facts investors can use when comparing TSPA with lower-cost, index-tracking S&P 500 options.