TCAF: T. ROWE PRICE CAPITAL APPRECIATION EQUITY ETF
What this ETF is trying to do
The T. Rowe Price Capital Appreciation Equity ETF (TCAF) is designed to invest in a variety of companies. Based on its top holdings, it focuses heavily on large technology and growth companies. As of October 4, 2026, the fund held 101 different assets.
Top Holdings
The portfolio is partial, meaning only the largest holdings are listed. The top 10 include:
• Microsoft Corp: 5.96%
• NVIDIA Corp: 5.71%
• Apple Inc: 4.95%
• Amazon.com Inc: 4.92%
• Meta Platforms Inc Class A: 3.95%
• Broadcom Inc: 3.28%
• Alphabet Inc Class A: 3.22%
• Advanced Micro Devices Inc: 3.17%
• CenterPoint Energy Inc: 2.70%
• Cencora Inc: 2.43%
What the numbers show
As of September 18, 2026, the share price was $42.25.
There are two ways to look at returns: price return (the change in the share price) and total return (which includes the share price change plus distributions).
• Year-to-Date: The price return and total return are both 10.54%.
• One Year: The price return was 13.67%, while the total return was 14.23%.
• Three Year: The price return was 64.14%, and the total return was 66.10%.
For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($37.17), the price-only return of 13.67% would mean your investment grew to approximately $11,367.
Income and distribution explanation
This ETF has a distribution yield of 0.45%. This is the amount of cash paid out to investors relative to the share price. The fund pays distributions irregularly and has made one payout in the last 12 months.
It is important for beginners to know that a high distribution yield alone can be misleading. While distributions provide cash income, they do not guarantee that the original money you invested (the principal) is safe.
NAV erosion explanation
"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. StockValueFinder uses an erosion-risk score to measure this. TCAF has an erosion score of 100, and the label states "No price erosion detected." The severe erosion-risk flag is false, meaning no major warning was triggered.
Pros
• Strong three-year total return of 66.10%.
• No price erosion detected according to the erosion-risk score.
• Exposure to some of the largest companies in the world.
Cons
• Very low distribution yield (0.45%) for those seeking high income.
• Distributions are irregular and infrequent.
Beginner takeaway
TCAF is a fund that has seen significant price growth over the last three years. It focuses on large companies rather than providing high cash income. While it has a "good" erosion-risk rating, investors should remember that past performance does not predict future results.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 7.07% |
| 2 | NVIDIA CORP | NVDA | 6.07% |
| 3 | AMAZON.COM INC | AMZN | 5.75% |
| 4 | APPLE INC | AAPL | 4.93% |
| 5 | ADVANCED MICRO DEVICES INC | AMD | 3.49% |
| 6 | ALPHABET INC CLASS A | GOOGL | 3.20% |
| 7 | META PLATFORMS INC CLASS A | META | 2.78% |
| 8 | CENTERPOINT ENERGY INC | CNP | 2.73% |
| 9 | n/a | TSM | 2.47% |
| 10 | CENCORA INC | COR | 2.09% |