# T. Rowe Price International Equity Research ETF (TIER): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tier for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-06-25 The fund normally invests at least 80% of its net assets (plus any borrowings for investments purposes) in equity securities. Under normal conditions, the fund primarily invests in stocks outside the U.S. and in at least five countries, including developed and emerging market countries. The adviser’s decision-making process focuses on bottom-up stock selection with an awareness of the global economic backdrop and the adviser’s outlook for certain industries, sectors, and individual countries. ## Key Facts | Metric | Value | |---|---| | Price | $31.31 | | Expense Ratio | 0.38% | | Assets Under Management | $135.2M | | NAV | $31.08 | | Holdings Count | 345 | | Distribution Yield (TTM) | 0.67% | | Annual Distribution (TTM) | $0.21 /share | | Distribution Frequency | Irregular | | 52-Week Range | $26.76 – $34.50 | | Beta | 0.91 | ## Latest Distribution - Amount: $0.2100 /share - Ex-date: 2025-12-23 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does TIER invest in? The fund normally invests at least 80% of its net assets (plus any borrowings for investments purposes) in equity securities. Under normal conditions, the fund primarily invests in stocks outside the U.S. and in at least five countries, including developed and emerging market countries. The adviser’s decision-making process focuses on bottom-up stock selection with an awareness of the global economic backdrop and the adviser’s outlook for certain industries, sectors, and individual countries. ### What is the expense ratio of TIER? T. Rowe Price International Equity Research ETF (TIER) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TIER? T. Rowe Price International Equity Research ETF (TIER) manages $135.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TIER actively managed or an index fund? TIER is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TIER's is 0.38%) in exchange for the discretion to over- or under-weight positions. ### When was TIER launched? T. Rowe Price International Equity Research ETF (TIER) launched in June 2025 and is managed by T. Rowe. ### How has TIER performed? TIER's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does TIER pay a dividend? T. Rowe Price International Equity Research ETF (TIER) currently distributes little or no income. Trailing-twelve-month yield is 0.67%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TIER pay dividends? T. Rowe Price International Equity Research ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TIER's dividend yield? TIER's trailing-twelve-month yield is 0.67%, calculated from the sum of dividends over the past year divided by the current price. ### When is TIER's next ex-dividend date? The most recently announced ex-dividend date for TIER was 2025-12-23. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will TIER's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.38% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TIER charge its expense ratio? The expense ratio is deducted in tiny daily slices from TIER's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TIER cost more than a fund like VOO? TIER is actively managed (current expense ratio 0.38%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TIER's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TIER? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TIER (0.38%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tier - Distribution history: https://www.dividenddata.com/funds/tier/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tier/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tier/expenses - Peer comparison: https://www.dividenddata.com/funds/tier/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.