# TNXT (T. Rowe Price Innovation Leaders ETF)

T. Rowe Price · Thematic ETFs · data as of Sep 11, 2026

TNXT holds 272 stocks, and 36% of its weight is outside the S&P 500.

## Key facts

- TNXT, already in the S&P 500: 64.3%, as of Sep 11, 2026.
- TNXT, active share vs the S&P 500: 51.6%, as of Sep 11, 2026.
- TNXT, top ten holdings: 31.8%, as of Sep 11, 2026.
- TNXT, total return, since launch: +13.8%, as of Sep 11, 2026.
- TNXT, net assets: $18m (SEC filing, whole fund, as filed for Jun 30, 2026).
- TNXT, expense ratio: 0.49% (485BPOS XBRL, Feb 25, 2026).

## TNXT over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +6.0% | +3.3% | +2.7 pts | +6.8 pts |
| 6 months | +24.2% | +16.0% | +8.2 pts | +3.5 pts |
| Since launch | +13.8% | +10.7% | +3.1 pts | 0.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Broad innovation and megatrends | ETFIQ, editorial |
| Launched | Jan 29, 2026 | ETFIQ |
| Already in the S&P 500, by weight | 64.3% | ETFIQ |
| Active share vs the S&P 500 | 51.6% | ETFIQ |
| Already in the Nasdaq-100, by weight | 46.9% | ETFIQ |
| Active share vs the Nasdaq-100 | 54.1% | ETFIQ |
| Top ten holdings weight | 31.8% | ETFIQ |
| Holdings | 272 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | NVIDIA CORP 7.2%, APPLE INC 4.6%, AMAZON.COM INC 3.0%, BROADCOM INC 2.8%, MICROSOFT CORP 2.7%, ALPHABET INC CL A 2.6%, ADVANCED MICRO DEVICES 2.5%, ALPHABET INC CL C 2.3%, INTEL CORP 2.1%, ELI LILLY & CO 2.0% | ETFIQ |
| Net assets | $18m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −1.9% | ETFIQ |
| Expense ratio | 0.49% | 485BPOS XBRL, Feb 25, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.95% | ETFIQ |
| Closest funds by holdings overlap | USNZ 49%, AIEQ 42%, XIGV 35%, ILDR 35%, IETC 35% | ETFIQ |

## Questions

### How much of TNXT is in S&P 500 companies?

By its holdings filed for Jun 30, 2026, 64% of TNXT by weight is stocks the S&P 500 already holds. Its active share against the index is 52%, so that share is the part doing something different.

### What does TNXT hold?

272 positions as filed for Jun 30, 2026, with the top ten at 32% of the fund. The largest are NVIDIA CORP at 7.2%, APPLE INC at 4.6%, AMAZON.COM INC at 3.0%.

### Has TNXT beaten the S&P 500?

Over the year to Sep 11, 2026 TNXT returned +13.8% with distributions reinvested, against +10.7% for the S&P 500, so it finished ahead of the index by 3.1 points.

### What does TNXT cost?

The prospectus expense ratio is 0.49% a year. Because 52% of the fund differs from the S&P 500, the fee on that differing part works out at 0.95%.


## Cite this page

ETFIQ, TNXT, data as of Sep 11, 2026. https://etfiq.com/funds/tnxt
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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