TIER ETF — T. Rowe Price International Equity Research ETF

T. Rowe Price International Equity Research ETF (TIER)

Updated October 16, 2026.

TIER is an ETF. its trailing-12-month yield is 0.67%, its expense ratio is 0.38%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 163.2% over the past 12.6 years, 245.0 points behind SPY at 408.2%.

T. Rowe Price International Equity Research ETF is an equity fund that invests at least 80% of its assets in stocks outside the U.S., drawn from developed and emerging markets across at least five countries, using a bottom-up stock-selection approach informed by global economic analysis and sector outlook. The fund has a modest current distribution rate and carries an expense ratio of 0.38%; it distributes annually, though its latest distribution was special and may not recur. The fund appeals to investors seeking international equity exposure with an actively managed selection approach.

TIER performance versus SPY

Price and return data through 2026-10-16.

Total return is 163.2% over the past 12.6 years, 245.0 points behind SPY at 408.2%. Over the past year its total return — price change plus distributions reinvested — is 15.0%. Its deepest 1-year drawdown was 12.1%.

TIER key facts

Distribution Safety Score™

50 · Unproven

Issuer

T. Rowe Price

Asset type

ETF

Asset class

Equity

Inception date

06/25/2025

Expense ratio

0.38%

Distribution frequency

Annual

Trailing yield

0.67%

Last close

$31.35 (as of 2026-10-16)

AUM

$138,546,908

Average volume

675.0

Dividend

$0.21

Ex-dividend date

12/23/2025

Payment date

12/26/2025

Beta

1.0692

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.67%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: T. Rowe Price; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TIER risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.1%.

Who may consider TIER — and who may not

It is a weaker fit for investors who need monthly cash flow (TIER pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TIER

• All tickers starting with T

Tagged: International.

Frequently asked questions

More securities from T. Rowe Price.