MutualFundWire.com: Priestley and McWilliams Power a $1.78T-AUM AM's Newest Fund

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Wednesday, February 4, 2026

Priestley and McWilliams Power a $1.78T-AUM AM's Newest Fund

The team at a $1.78-trillion-AUM*, publicly traded asset manager is rolling out another active exchange-traded fund, this time with a focus on innovative companies across a variety of sectors.

Last week, Tim Coyne, global head of ETFs at T. Rowe Price [profile], unveiled the launch of the T. Rowe Price Innovation Leaders ETF (TNXT). Baltimore-based T. Rowe Price Associates, Inc. serves as investment advisor to the new fund.

TNXT's inception date was January 28, and the new ETF comes with an expense ratio of 49 basis points. The new fund now has about $14.51 million in AUM**.

Two portfolio managers from T. Rowe's multi-asset division serve as the PM team for TNXT. Those PMs are:

Sean McWilliams, vice president; and

Som Priestley, head of global investment solutions for the Americas.

Coyne describes TNXT as providing "access to some of the most disruptive companies shaping the future across technology, healthcare, financials, and more."

"Powered by T. Rowe Price's deep multi-sector research and forward-looking active management, we're able to uncover differentiated investment ideas for clients seeking to capture long-term innovation themes in a rapidly evolving market landscape," Coyne states.

TNXT is an actively managed, non-diversified series of T. Rowe Price Exchange-Traded Funds, Inc.. The new ETF's other service providers include:

PricewaterhouseCoopers LLP as independent accounting firm;

State Street Corporation as custodian, fund accountant, securities lending agent, and transfer agent;

T. Rowe Price Investment Services, Inc. as distributor and principal underwriter; and

Willkie Farr & Gallagher LLP as counsel.