T. Rowe Price Capital Appreciation Equity ETF (TCAF)
| Assets | $6.23B |
| Expense Ratio | 0.31% |
| PE Ratio | 29.06 |
| Shares Out | 171.70M |
| Dividend (ttm) | $0.19 |
| Dividend Yield | 0.52% |
| Ex-Dividend Date | Dec 23, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 15.36% |
| Volume | 529,038 |
| Open | 36.57 |
| Previous Close | 36.29 |
| Day's Range | 36.57 - 36.83 |
| 52-Week Low | 28.28 |
| 52-Week High | 39.34 |
| Beta | 0.92 |
| Holdings | 92 |
| Inception Date | Jun 14, 2023 |
About TCAF
Fund Home PageThe T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an exchange-traded fund. The ETF currently has 6266.7m in AUM and 93 holdings. TCAF is an actively managed fund that pursues higher quality stocks of US large-cap companies that are perceived to have above average potential for capital growth. TCAF was launched on Jun 14, 2023 and is issued by T. Rowe Price.
Top 10 Holdings
45.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 7.29% |
| Amazon.com, Inc. | AMZN | 6.03% |
| Apple Inc. | AAPL | 5.85% |
| NVIDIA Corporation | NVDA | 5.72% |
| Alphabet Inc. | GOOGL | 4.32% |
| Meta Platforms, Inc. | META | 3.94% |
| CenterPoint Energy, Inc. | CNP | 3.37% |
| Broadcom Inc. | AVGO | 3.26% |
| NiSource Inc. | NI | 3.11% |
| Becton, Dickinson and Company | BDX | 2.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $0.1916 | Dec 26, 2025 |
| Dec 23, 2024 | $0.1446 | Dec 26, 2024 |
| Dec 20, 2023 | $0.0705 | Dec 26, 2023 |
Performance
TCAF had a total return of 13.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.02%.
News
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TCAF: Actively Managed Large-Cap Fund Not Yet Pulling Its Weight
TCAF is an actively managed large/mid-cap ETF led by David Giroux. Its expense ratio is 0.31% and the fund has $6.4B in assets under management since its launch in mid-2023. Using a bottom-up stock se...
T. Rowe Price Sees Active ETF Assets Nearly Double
T. Rowe Price Investment Management saw its active ETF asset base nearly double over the past year, as investors poured money into funds focused on stock and bond selection rather than passive index t...
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Markets entered 2025 facing significant concentration risk. Indeed, 2024 saw almost half of its performance owe the Magnificent Seven.
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TCAF: Ride The Upside, Dodge The Downside
The T. Rowe Price Capital Appreciation Equity ETF offers a balanced, style-neutral approach, blending tech growth with defensive healthcare and utilities exposure. TCAF's methodology emphasizes fundam...
These Under-The-Radar Active ETFs Are Gaining Ground In The US
The U.S. active ETF boom is now more than just billion-dollar blockbusters from the most prominent asset managers. Increasingly, smaller funds are building quietly.
TCAF Struggles To Outpace S&P 500, Cheaper Alternatives Exist, Sell
T. Rowe Price Capital Appreciation Equity ETF holds top-tier AI and tech leaders like MSFT, NVDA, and AMZN, all of which have strong growth prospects and innovation pipelines. Despite strong holdings,...
Karrie Gordon from The Active ETF Channel Announces Publication of "Active ETFs Gain Further Momentum in 2025"
New York, New York--(Newsfile Corp. - June 10, 2025) - Karrie Gordon is pleased to announce the publication of her article "Active ETFs Gain Further Momentum in 2025" on the VettaFi Active ETF Channel...
Diversifying into divided growth ETFs and bond funds
Tim Coyne, T Rowe Price head of ETFs, and Todd Sohn, Strategas head of ETFs, sit down with CNBC's Bob Pisani to discuss the latest trends in ETFs amid the market turbulence, the appeal of dividend ETF...
One of the largest active ETF managers on leveraging fund tactics in new ways
Tim Coyne, T Rowe Price head of ETFs, joins CNBC's Bob Pisani on 'ETF Edge' to discuss how the market turbulence is helping flows into actively managed ETFs and T Rowe Price's actively managed fund of...
ETF Edge: Inflows into actively managed funds amid market turbulence
The market volatility is pushing investors into actively managed funds. Tim Coyne, T Rowe Price head of ETFs, and Todd Sohn, Strategas head of ETFs, sit down with CNBC's Bob Pisani to breakdown what's...
TCAF: Performance, Factor Nuances Welcome A Skeptical View
Quality-focused TCAF leverages an active strategy designed "to provide long-term capital growth." The S&P 500 is its benchmark. Since my June note, TCAF has underperformed the S&P 500. Since the begin...