T. Rowe Price Technology ETF (TTEQ)

The T. Rowe Price Technology ETF is an actively managed exchange-traded fund from T. Rowe Price, the Baltimore-based investment manager. Rather than tracking an index, the fund relies on the firm's portfolio managers and research analysts to select stocks.

The portfolio concentrates on companies that develop, produce or benefit from technology, such as software, semiconductors, internet platforms, hardware and IT services businesses. Holdings are chosen through fundamental research into each company's competitive position, growth prospects and valuation, and the fund may own both U.S. and foreign technology-related companies.

Because it is focused on a single sector, the fund is designed as a targeted technology allocation rather than a diversified core equity holding.