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Beacon

TGRWT. Rowe Price Growth Stock ETF

Grow my money5y track recordRanked #855 of 2,960 in this goal

Seeks to provide long-term capital growth.

By T. Rowe Price · Launched 2020

Annual Cost

0.52%

#2,719 of 5,562 · average

Fund Size

$1.0B

#1,087 of 5,562 · large

Return (1Y)Goal

+15.9%

Track Record

5 years

#2,165 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,660+16.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Large

Strategy

Active selection

Factor

Growth

Sector

Information technology

What it actually holds

By weight

Concentration

Top 10 holdings = 68.5% of fundconcentrated

NVIDIA CORP
13.9%
MICROSOFT CORP
11.6%
APPLE INC
11.3%
ALPHABET INC CL A
7.4%
BROADCOM INC
5.5%
AMAZON.COM INC
4.9%
META PLATFORMS INC-CLASS A
4.4%
ELI LILLY & CO
3.5%
TESLA INC
3.1%
VISA INC-CLASS A SHARES
2.8%

Asset allocation

Stocks
99.5%
Cash
0.5%

By sector

Technology
52.6%
Communication
16.5%
Consumer Cyclical
13.1%
Healthcare
6.6%
Financial Services
5.2%
Industrials
4.1%
Consumer Defensive
0.8%
Basic Materials
0.6%
Other
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
17.2%Moderate

Year-on-year price swings

Max drawdown
-43.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.86Decent risk-adjusted returns
Sortino (3Y)
1.25Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide long-term capital growth.
Strategy
Invests primarily in stocks of companies with growth characteristics, focusing on large-cap firms with strong cash flow and earnings growth. The fund employs an active management approach and does not disclose its portfolio daily.
Inception date
August 4, 2020
Fund family
T. Rowe Price

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
95.6%
TE
4.2%
Beta
1.01
Fee
5× 0.11%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + high_r_squared+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20