T. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price Exchange-Traded Funds, Inc. · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
T. Rowe Price Capital Appreciation Equity ETF is an actively managed U.S. equity ETF. 18% of TCAF’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The fund seeks to provide long-term capital growth.
The fund invests at least 80% of its net assets in equity securities, selecting stocks through bottom-up analysis of individual companies rather than macroeconomic forecasting. The adviser evaluates management quality, risk-adjusted return potential, market position, and valuation, with a core approach that does not emphasize growth or value style; the fund typically focuses on large U.S. companies but may purchase stocks of any size. The fund is nondiversified, meaning it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund. Because sector allocations result largely from individual stock selection rather than sector strategy, the fund may at times hold a significant portion of assets in a single economic sector.
| Share class | Expense ratio | As of |
|---|---|---|
| TCAF | 0.31% | 2025 Q1 |
Portfolio turnover 29.30% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.84% |
| Cash & short-term | 0.12% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 28.6% |
| Health Care | 16.1% |
| Consumer Discretionary | 10.1% |
| Communication Services | 10.1% |
| 8 smaller | 35.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| AMZN | AMAZON.COM INCAMZN | 5.83% | $238.34 | $431.30M | 1.8M |
| NVDA | NVIDIA CORPNVDA | 5.30% | $200.09 | $392.41M | 2.0M |
| MSFT | MICROSOFT CORPMSFT | 5.14% | $373.02 | $380.25M | 1.0M |
| AAPL | APPLE INCAAPL | 4.70% | $289.36 | $348.10M | 1.2M |
| GOOGL | ALPHABET INC CL AGOOGL | 4.36% | $357.37 | $322.57M | 902.6K |
| META | META PLATFORMS INC-CLASS AMETA | 4.18% | $563.29 | $309.08M | 548.7K |
| AVGO | BROADCOM INCAVGO | 3.14% | $377.75 | $232.64M | 615.9K |
| CNP | CENTERPOINT ENERGY INCCNP | 3.03% | $44.04 | $224.39M | 5.1M |
| AMD | ADVANCED MICRO DEVICESAMD | 2.65% | $580.91 | $196.31M | 337.9K |
| KDP | KEURIG DR PEPPER INCKDP | 2.60% | $32.73 | $192.70M | 5.9M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 40.94% of net assets, top 25 66.93%, across 91 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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