T. Rowe Price Biotech ETF (TDNA)

The T. Rowe Price Biotech ETF (TDNA) is an actively managed equity exchange-traded fund from T. Rowe Price that concentrates on the biotechnology industry.

The fund invests in companies engaged in research, development, production and sale of biotechnology products and services, ranging from large established drug developers to smaller clinical-stage companies. T. Rowe Price's health care research team uses fundamental analysis of scientific pipelines, clinical data, regulatory prospects and business fundamentals to select holdings.

Its objective is long-term capital growth through a focused portfolio of biotechnology stocks. Because it targets a single industry, the fund's performance is closely tied to developments in biotech.