ETF Evaluator: T. Rowe Price Intl Equity Research ETF () Follow This ETF

T. Rowe Price Intl Equity Research ETF Overview

T. Rowe Price Intl Equity Research ETF (TIER) is an actively managed International Equity Foreign Large 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. Under normal conditions, the fund primarily invests in stocks outside the U.S. and in at least five countries, including developed and emerging market countries. The adviser’s decision-making process focuses on bottom-up stock selection with an awareness of the global economic backdrop and the adviser’s outlook for certain industries, sectors, and individual countries.

About T. Rowe Price Intl Equity Research ETF (TIER)

There are 6 members of the management team with an average tenure of 1.10 years: Jason(Jay) Nogueira (2025), S. Leigh Innes (2025), Sridhar Nishtala (2025), Tobias Mueller (2025), Kamran Baig (2025) and Tetsuji Inoue (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

T. Rowe Price Intl Equity Research ETF has 405 securities in its portfolio. The top 10 holdings constitute 16.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

T. Rowe Price Intl Equity Research ETF is part of the Equity global asset class and is within the International Equity ETF group. T. Rowe Price Intl Equity Research ETF has 97.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.2% There is 97.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.1% (0.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Intl Equity Research ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $35 million in total assets, which is below the $9 billion average for the Foreign Large 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.

TIER 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 Intl Equity Research ETF expense ratio is below average compared to funds in the Foreign Large Blend category. T. Rowe Price Intl Equity Research ETF has an expense ratio of 0.38%, which is 4% 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 Intl Equity Research ETF has a portfolio turnover rate of 13%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.

Recently, in the month of July 2026, T. Rowe Price Intl Equity Research ETF returned -1.1%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 1.1%. 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 Intl Equity Research ETF has a trailing yield of 0.66%, which is below the 2.56% 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 Intl Equity Research ETF Grades

Year to date, the ETF has returned 13.1%, 1.0 percentage points better than the category, which translates into a grade of B. The fund has returned 28.2% over the past year (grade of B).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about T. Rowe Price Intl Equity Research ETF, including its riskiness, submit your email to unlock the rest of the article.