TNXT ETF — T. Rowe Price Innovation Leaders ETF

T. Rowe Price Innovation Leaders ETF (TNXT)

Updated October 16, 2026.

TNXT is an ETF. its expense ratio is 0.49%. Total return is 12.5% over the past 0.7 years, 1.7 points ahead of SPY at 10.8%.

T. Rowe Price Innovation Leaders ETF is an equity fund that invests primarily in companies from developed markets worldwide that are leaders in innovation or positioned to benefit from technological advances. The fund does not have an established distribution schedule and carries an expense ratio of 0.49%. This fund may appeal to growth-oriented investors seeking exposure to innovation-driven companies.

TNXT performance versus SPY

Price and return data through 2026-10-16.

Total return is 12.5% over the past 0.7 years, 1.7 points ahead of SPY at 10.8%.

TNXT key facts

Issuer

T. Rowe Price

Asset type

ETF

Asset class

Equity

Inception date

01/28/2026

Expense ratio

0.49%

Distribution frequency

None

Last close

$27.96 (as of 2026-10-16)

AUM

$19,525,975

Average volume

27.0

Beta

1.3827

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 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.

Who may consider TNXT — and who may not

It is a weaker fit for investors who need monthly cash flow (TNXT does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on TNXT

• All tickers starting with T

Frequently asked questions

More securities from T. Rowe Price.