ETF Evaluator:
T. Rowe Price Global Equity ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Global Large-Stock Blend Over the Last Year
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ETF Details
T. Rowe Price Global Equity ETF Overview
T. Rowe Price Global Equity ETF (TGLB) is an actively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). T. Rowe Price launched the ETF in 2025.
The investment seeks long-term capital appreciation.
The fund normally invests at least 80% of its net assets (plus any borrowings for investments purposes) in equity securities. The fund typically invests in securities of companies in global, developed markets. Global developed markets include Australia, Canada, Israel, Japan, New Zealand, Singapore, the United Kingdom, the United States, most of the countries of Western Europe, and Hong Kong. The fund is non-diversified.
About T. Rowe Price Global Equity ETF (TGLB)
There are 2 members of the management team with an average tenure of 0.75 years: Peter Bates (2025) and Marta Yago (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
T. Rowe Price Global Equity ETF has 61 securities in its portfolio. The top 10 holdings constitute 32.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
T. Rowe Price Global Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. T. Rowe Price Global Equity ETF has 21.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.1% There is 21.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Global Equity ETF has 7.1% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $2 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TGLB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Global Equity ETF expense ratio is average compared to funds in the Global Large-Stock Blend category. T. Rowe Price Global Equity ETF has an expense ratio of 0.46%, which is 6% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Global Equity ETF has a portfolio turnover rate of 22%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, T. Rowe Price Global Equity ETF returned 0.7%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
T. Rowe Price Global Equity ETF has a trailing yield of 0.18%, which is below the 1.66% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
T. Rowe Price Global Equity ETF Grades
Year to date, the ETF has returned 11.9%, 2.7 percentage points better than the category, which translates into a grade of B. The fund has returned 14.0% over the past year (grade of F).
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TGLB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TGLB Return (NAV) | 0.7% | 5.7% | 14.0% | na | na | na |
| TGLB Return (Price) | -1.8% | 3.2% | 11.3% | na | na | na |
| NAV +/- Price Return | 2.511% | 2.577% | 2.738% | na | na | na |
| Global Large-Stock Blend Avg | 0.0% | 3.1% | 19.1% | 15.1% | 8.5% | 11.5% |
| TGLB Grade (NAV) | B | A | F | na | na | na |
| +/- Category (NAV) | 0.7% | 2.7% | -5.1% | na | na | na |
| TGLB Tax-Cost Ratio | na | na | 0.1% | na | na | na |
TGLB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TGLB Return (NAV) | 11.9% | na | na | na | na | na | na | na | na | na | na |
| TGLB Return (Price) | 9.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.211% | na | na | na | na | na | na | na | na | na | na |
| Global Large-Stock Blend Avg | 9.2% | 20.4% | 13.8% | 18.7% | -17.7% | 17.3% | 18.3% | 26.8% | -9.1% | 23.4% | 8.1% |
| TGLB Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.2% |
| Total Assets: | $ 26 Mil |
| Share Class Assets: | $ 26 Mil |
| Turnover: | 22.0% |
| Expense Ratio: | 0.46% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Bates Peter (2025), Yago Marta (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 32.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 21.8% |
Portfolio Allocation |
|
| Domestic Stock: | 71.1% |
| Foreign Stock: | 21.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | |
| Inception Date: | June 25, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.46% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
