T. Rowe Price Blue Chip Growth ETF (TCHP US) - Portfolio Construction Methodology

Core Viewpoint - The T. Rowe Price Blue Chip Growth ETF (TCHP) aims for long-term capital growth through a concentrated portfolio of large- and mid-cap US blue-chip growth companies [1] Investment Strategy - The fund invests at least 80% of net assets in established US issuers classified as large-cap and growth by major index providers [1] - The strategy employs bottom-up fundamental research focusing on durable competitive advantages, sustainable earnings growth, seasoned management, and strong balance sheets [1] - Portfolio construction follows a high-conviction, non-diversified approach, allowing for significant issuer and sector exposures in growing industries [1] Security Selection and Management - Positions are adjusted by trimming or selling as fundamentals weaken, valuations become excessive, or better risk-adjusted opportunities arise [1] - The fund maintains a consistent large-cap growth profile and strong underlying liquidity [1]