ATLAST. Rowe Price Capital Appreciation Equity ETF (TCAF): outlook, holdings and fees
T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an exchange-traded fund and is managed by T. Rowe Price. The expense ratio is 0.32% and the yield is 0.46%. The ten largest holdings are 40% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on TCAF
| Last price | $43.13 (+0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $42.44 – $44.29 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 0.46% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
TCAF fund facts
| Issuer | T. Rowe Price |
|---|---|
| Theme | Other strategies |
| Assets under management | $9.1B |
| Expense ratio | 0.32% |
| Number of holdings | 47 |
| Portfolio turnover | 19% |
| Inception | Jun 14, 2023 |
| Exchange | NYSE |
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The fund may at times invest significantly in certain sectors, including the information technology and healthcare sectors. It is non-diversified.
TCAF top holdings
| Holding | Sector | Weight |
|---|---|---|
| Microsoft Corporation MSFT | Technology | 6.94% |
| Amazon.com Inc AMZN | Consumer Cyclical | 6.07% |
| NVIDIA Corporation NVDA | Technology | 5.62% |
| Apple Inc. AAPL | Technology | 4.78% |
| Advanced Micro Devices Inc AMD | Technology | 3.37% |
| Alphabet Inc Class A GOOGL | Communication Services | 3.19% |
| CenterPoint Energy Inc CNP | Utilities | 2.74% |
| Meta Platforms Inc. META | Communication Services | 2.80% |
| Taiwan Semiconductor Manufacturing TSM | Technology | 2.38% |
| Cencora Inc. COR | Healthcare | 2.17% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
TCAF sector breakdown
| Sector | Weight |
|---|---|
| Technology | 34.2% |
| Healthcare | 17.0% |
| Financial Services | 10.6% |
| Consumer Cyclicals | 9.8% |
| Utilities | 8.8% |
| Communication Services | 8.6% |
| Industrials | 5.1% |
| Consumer Defensive | 3.6% |
| Energy | 2.2% |
| Basic Materials | 0.2% |
By region: North America 96.3%, Asia Developed 2.7%, Europe Developed 1.0%.
TCAF returns and risk
| Year to date | +13.6% |
|---|---|
| 1 year | +13.3% |
| 3 years (annualised) | +20.8% |
| Volatility (3 years) | 11.9% |
| Sharpe ratio (3 years) | 1.26 |
Past returns do not guarantee future results.
TCAF: frequently asked questions
What does TCAF invest in?
T. Rowe Price Capital Appreciation Equity ETF invests in a portfolio of securities. Its largest holdings are Microsoft Corporation (6.9%), Amazon.com Inc (6.1%), NVIDIA Corporation (5.6%), Apple Inc. (4.8%), Advanced Micro Devices Inc (3.4%).
What is the TCAF expense ratio?
0.32% a year: about $32.00 for every $10,000 invested.
What is the TCAF dividend yield?
0.46%. ATLAS does not hold the exact distribution dates for ETFs.
Will TCAF go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $42.44 to $44.29 from $43.13 today. It is a probability, not a prediction.
How has TCAF performed?
Year to date +13.6%, one year +13.3%, three years +20.8% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer