ATLAST. Rowe Price Capital Appreciation Premium Income ETF (TCAL): outlook, holdings and fees
T. Rowe Price Capital Appreciation Premium Income ETF (TCAL) is an exchange-traded fund and is managed by T. Rowe Price. The expense ratio is 33.96% and the yield is 7.17%. The ten largest holdings are 17% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on TCAL
| Last price | $23.30 (+0.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $22.84 – $24.00 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 7.17% |
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.
TCAL fund facts
| Issuer | T. Rowe Price |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $311M |
| Expense ratio | 33.96% |
| Number of holdings | 50 |
| Inception | Mar 26, 2025 |
| Exchange | NYSE |
The fund normally invests in equities, such as common stocks, and implements a covered call options strategy to achieve its investment objective. Specifically, the fund seeks to provide regular distributions that may consist of dividends from stocks and cash from the covered call option premiums.
TCAL top holdings
| Holding | Sector | Weight |
|---|---|---|
| Danaher Corporation DHR | Healthcare | 1.90% |
| Veralto Corporation VLTO | Industrials | 1.88% |
| Mastercard Inc MA | Financial Services | 1.91% |
| Amazon.com Inc AMZN | Consumer Cyclical | 1.73% |
| Waters Corporation WAT | Healthcare | 1.71% |
| Microsoft Corporation MSFT | Technology | 1.73% |
| IDEX Corporation IEX | Industrials | 1.58% |
| Taiwan Semiconductor Manufacturing TSM | Technology | 1.53% |
| Lockheed Martin Corporation LMT | Industrials | 1.47% |
| Exxon Mobil Corp XOM | Energy | 1.51% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
TCAL sector breakdown
| Sector | Weight |
|---|---|
| Healthcare | 21.7% |
| Industrials | 18.0% |
| Technology | 14.7% |
| Financial Services | 14.1% |
| Utilities | 9.6% |
| Consumer Defensive | 8.8% |
| Consumer Cyclicals | 6.9% |
| Communication Services | 3.1% |
| Energy | 2.1% |
| Basic Materials | 1.0% |
By region: North America 97.5%, Asia Developed 1.6%, Europe Developed 1.0%.
TCAL returns and risk
| Year to date | +6.3% |
|---|---|
| 1 year | +5.8% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
TCAL: frequently asked questions
What does TCAL invest in?
T. Rowe Price Capital Appreciation Premium Income ETF invests in a portfolio of securities. Its largest holdings are Danaher Corporation (1.9%), Veralto Corporation (1.9%), Mastercard Inc (1.9%), Amazon.com Inc (1.7%), Waters Corporation (1.7%).
What is the TCAL expense ratio?
33.96% a year: about $3,396.00 for every $10,000 invested.
What is the TCAL dividend yield?
7.17%. ATLAS does not hold the exact distribution dates for ETFs.
Will TCAL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $22.84 to $24.00 from $23.30 today. It is a probability, not a prediction.
How has TCAL performed?
Year to date +6.3%, one year +5.8%. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Tax-Exempt Bond ETF (VTEB)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer