TCAF

The T. Rowe Price Capital Appreciation Equity ETF (TCAF) invests mainly in U.S. large‑cap stocks, with a small portion of holdings in Canada, Denmark, Ireland and other developed markets, and its sector weighting is dominated by technology, health‑care, financials and utilities. It is an actively managed, bottom‑up fund that blends growth and value styles, selecting high‑quality companies through fundamental analysis and concentrating the portfolio in roughly 100 securities. The approach seeks above‑average capital‑appreciation potential while allowing higher concentration than a broadly diversified index fund. This ETF may suit investors who want active exposure to U.S. large‑cap equities, prefer a mix of growth and value characteristics, and are comfortable with a more concentrated, long‑term capital‑appreciation focus.