TDVG Fees and Costs — T. Rowe Price Dividend Growth ETF
Data updated: 2026-08-27
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35K in broker commissions, 0.0038% of average net assets, and portfolio turnover was 17%.
TDVG Fees and Expenses
Annual operating expenses and sales charges of TDVG. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TDVG Costs Over Time
On $10,000 invested in TDVG, assuming 5% a year before costs, total costs come to $318 over 5 years, cutting the return by 0.53% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $318 |
| Value after costs | $10,447 | $11,402 | $12,445 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
TDVG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
TDVG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $5K | 16.52% |
| JEFFERIES LLC | $4K | 15.65% |
| RBC Capital Markets, LLC | $4K | 14.63% |
| BOFA SECURITIES, INC. | $4K | 13.46% |
| EVERCORE GROUP L.L.C. | $3K | 9.08% |
| J.P. MORGAN SECURITIES LLC | $2K | 8.18% |
| GOLDMAN SACHS & CO. LLC | $2K | 7.62% |
| BMO Capital Markets Corp. | $2K | 5.43% |
| TD Securities Ltd. | $1K | 4.73% |
| Robert W. Baird & Co. Incorporated | $1K | 4.70% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.