TGRW Fees and Costs — T. Rowe Price Growth Stock ETF
Data updated: 2026-08-27
The net expense ratio is 0.52%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35K in broker commissions, 0.0061% of average net assets, and portfolio turnover was 48%.
TGRW Fees and Expenses
Annual operating expenses and sales charges of TGRW. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| 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 |
TGRW Costs Over Time
On $10,000 invested in TGRW, assuming 5% a year before costs, total costs come to $332 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $182 | $332 |
| Value after costs | $10,445 | $11,395 | $12,431 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
TGRW 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): 0.0061%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $3.3M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $19K
- Net income from securities lending: $113 (0.000% of average net assets)
TGRW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $5K | 18.91% |
| JEFFERIES LLC | $4K | 14.77% |
| BOFA SECURITIES, INC. | $4K | 12.44% |
| RBC Capital Markets, LLC | $3K | 9.67% |
| J.P. MORGAN SECURITIES LLC | $2K | 8.49% |
| Citigroup Inc. | $2K | 8.29% |
| BMO Capital Markets Corp. | $2K | 7.68% |
| GOLDMAN SACHS & CO. LLC | $2K | 6.90% |
| EVERCORE GROUP L.L.C. | $2K | 6.56% |
| Robert W. Baird & Co. Incorporated | $2K | 6.30% |
TGRW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2.0M | 63.48% |
| TD Securities Ltd. | $302K | 9.65% |
| BARCLAYS CAPITAL INC. | $284K | 9.07% |
| GOLDMAN SACHS & CO. LLC | $240K | 7.68% |
| MORGAN STANLEY & CO. LLC | $152K | 4.87% |
| BOFA SECURITIES, INC. | $90K | 2.87% |
| Allen & Company LLC | $21K | 0.67% |
| JEFFERIES LLC | $18K | 0.57% |
| Citigroup Inc. | $18K | 0.57% |
| Deutsche Bank Securities Inc. | $18K | 0.57% |
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.