What Is the TGRW ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
An actively managed ETF built on T. Rowe Price's core growth stock strategy. It aims to outperform the market by identifying high-quality growth companies.
SubscribeWhat Is This ETF?
Rather than mechanically tracking a specific index, this ETF uses an active strategy in which professional managers hand-pick promising growth companies. The portfolio mainly holds leading companies in the innovative technology, communications, and consumer sectors.
It suits investors who want active management of large-cap U.S. growth stocks and expect higher performance than the market through research-driven stock selection.
It is an actively managed ETF that T. Rowe Price launched in 2020.
How Does It Invest?
| Item | Details |
|---|---|
| Management Style | Active (stock selection) |
| Target Assets | Large-cap U.S. growth stocks |
| Number of Holdings | Approx. 50 to 70 |
| Dividend Frequency | Annual |
| Expense Ratio | 0.52% |
Through bottom-up research, the fund carefully selects companies with strong fundamentals and sustainable growth drivers. Rather than focusing on short-term market swings, it concentrates on each company's intrinsic value and long-term growth potential to build a high-conviction portfolio.
- Leverages T. Rowe Price's global research platform
- Actively rotates holdings and adjusts weights in promising growth stocks
Size and Costs
Assets under management (AUM) stand at $1.1B, and the expense ratio is 0.52% per year.
Compared with similar active products such as JGRO and FBCG, this ETF reflects T. Rowe Price's distinctive research capabilities, and its expense ratio remains reasonable within the active growth stock category.
Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund has maintained a solid trajectory, supported by strong earnings from Big Tech companies leading artificial intelligence (AI) and digital innovation. While it is sensitive to shifts in growth stock valuations driven by changes in the interest rate environment, earnings growth at high-quality companies has underpinned performance.
Capital is flowing in from active investors seeking to avoid the concentration risk of passive index investing. Long-term money that counts on the manager's stock-picking ability in growth-stock markets makes up a particularly large share.
Strengths and Weaknesses
The opportunity for excess returns through professional stock selection is a strength, but the high volatility typical of growth stocks and the fee burden of active management are factors to consider.
💪 Key Strengths
⚠️ Points of Caution
Alternative ETFs and Related Products
JGRO, FBCG, and TCHP, which you can check in the table, are similar actively managed large-cap growth ETFs, and their holdings differ according to each asset manager's research philosophy. If you want cost-efficient investing, you can also consider passive index-tracking funds such as QQQ, VUG, and SCHG, and TGRT, another T. Rowe Price growth strategy, could also be an alternative.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 JGRO | JPMorgan Active Growth ETF | $94.84 | +0.6% | $9.9B | 0.44% | 0.15% | -2.5% |
 FBCG | Fidelity Blue Chip Growth ETF | $61.15 | +0.6% | $7.6B | 0.57% | 0.03% | +9.4% |
 NULG | Nuveen ESG Large-Cap Growth ETF | $111.51 | +0.2% | $3.0B | 0.26% | 0.1% | +8.8% |
 TCHP | T. Rowe Price Blue Chip Growth ETF | $50.16 | +0.5% | $2.1B | 0.57% | - | -1.9% |
 GGUS | Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF | $66.87 | +0.6% | $485.1M | 0.12% | 0.4% | +1.7% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.28% | $215.38 | -1.2% | $5.19T | 27.2 | 0.36% |
| GOOG | Alphabet Inc | 0.12% | $321.89 | +1.6% | $3.96T | 16.2 | 0.25% |
| AAPL | Apple Inc | 0.17% | $343.83 | -0.9% | $5.02T | 39.4 | 0.32% |
| MSFT | Microsoft Corp | 0.09% | $531.01 | -0.1% | $3.94T | 29.6 | 0.74% |
| GOOGL | Alphabet Inc | 0.07% | $324.89 | +1.3% | $3.95T | 16.3 | 0.25% |
| AVGO | Broadcom Inc | 0.11% | $351.81 | +2.8% | $1.68T | 44.9 | 0.74% |
 MYMK | State Street My2031 Municipal Bond ETF | 0.05% | $24.63 | +0.0% | $0.0M | - | 2.61% |
Investor Checkpoints
These are the key points worth checking before investing in TGRW. You should understand both its performance potential in growth-stock markets and its characteristics as an active fund.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 📊 Top Holdings Concentration | Review the weights and earnings trends of the top holdings | High concentration |
| 📈 Interest Rate Sensitivity | Assess how interest rate changes affect growth stock valuations | Keep monitoring |
| 💵 Performance vs. Fees | Whether it generates excess returns over the index and whether costs are justified | Needs review |
Because the portfolio is specialized in growth stocks, the risk of price declines is significant when specific sectors face headwinds or when interest rates are rising. The uncertainty of active management should also always be kept in mind.
It is a suitable solution for investors who want to participate actively in the long-term performance of large-cap U.S. growth stocks. Backed by T. Rowe Price's long-standing management expertise, it is a useful tool for strengthening a portfolio's profitability.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
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