TTEQ: T. ROWE PRICE TECHNOLOGY ETF
ETF Education Report: T. Rowe Price Technology ETF (TTEQ)
What this ETF is trying to do
The T. Rowe Price Technology ETF (TTEQ) is an exchange-traded fund that focuses on the technology sector. It holds a variety of different companies within this industry. Based on its top holdings, the fund has significant exposure to major tech names like NVIDIA CORP (11.16%), ADVANCED MICRO DEVICES INC (6.80%), and BROADCOM INC (5.36%). Because the holdings can change over time, this list represents a snapshot of its recent composition.
What the numbers show
The current price of TTEQ is $46.05. When looking at how the share price has moved, we can see significant growth recently:
• Year-to-Date (YTD) Price Return: The share price has increased by approximately 41.60% since the start of the year.
• One-Year Price Return: Over the last 12 months, the share price has grown by approximately 40.37%.
To put this in perspective, the estimated price from roughly one year ago was $32.81. If you had looked at the share price then compared to now, it shows a clear upward trend. Because total-return data was supplied and matches the price return, these figures represent the overall growth of the investment for the periods provided.
Income and distribution explanation
Some investors look for ETFs that pay them regular cash, known as distributions. For TTEQ, no distributions were detected over the last 12 months. The distribution yield is 0%. This means the fund is not currently providing cash income to shareholders.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in an ETF decreases significantly over time. It is important to note that a falling share price is not the same thing as NAV erosion. In the case of TTEQ, the erosion-risk score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• Strong Price Growth: The fund has shown high price returns both year-to-date and over the last year.
• Healthy Erosion Score: The data shows no detected price erosion, which is categorized as "good" in terms of erosion severity.
Cons
• No Income: For investors who rely on regular cash payments from their investments, this ETF does not currently provide a distribution yield.
Beginner takeaway
TTEQ is an ETF that has experienced strong share-price growth recently. It focuses on technology companies, but it does not currently pay out cash distributions to investors. While the price has moved up significantly, always remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 11.16% |
| 2 | ADVANCED MICRO DEVICES INC | AMD | 6.80% |
| 3 | BROADCOM INC | AVGO | 5.36% |
| 4 | INTEL CORP | INTC | 4.85% |
| 5 | n/a | TSM | 4.70% |
| 6 | AMAZON.COM INC | AMZN | 4.23% |
| 7 | MICRON TECHNOLOGY INC | MU | 3.29% |
| 8 | n/a | SPCX | 3.10% |
| 9 | ASML HOLDING NV ADR | ASML | 2.98% |
| 10 | INFINEON TECHNOLOGIES AG ADR | IFNNY | 2.40% |