Key stats
About T. Rowe Price Capital Appreciation Premium Income ETF
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Inception date
Mar 26, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
T. Rowe Price Associates, Inc. (IM)
Distributor
T. Rowe Price Investment Services, Inc.
ISIN
US87283Q7842
TCAL invests in US stocks while employing a covered call option writing strategy to generate additional income. The objective is to provide regular distributions through equity dividends and option premiums. Security selection is based on a bottom-up approach that identifies companies with strong risk-adjusted return potential, regardless of market capitalization. To enhance cash flow, the fund writes covered call options on its holdings, typically with one- to two-month expirations. This allows the fund to collect premiums in addition to stock dividends. Note that the effectiveness of this strategy depends on factors such as stock price movements and market volatility at the time of each option sale.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Health Technology
Utilities
Stocks100.41%
Finance18.99%
Health Technology18.53%
Utilities16.56%
Consumer Non-Durables7.42%
Consumer Services6.40%
Electronic Technology6.07%
Industrial Services5.79%
Technology Services4.94%
Commercial Services4.55%
Distribution Services4.37%
Retail Trade3.34%
Process Industries1.91%
Producer Manufacturing0.72%
Bonds, Cash & Other−0.41%
Mutual fund0.35%
Cash0.07%
Rights & Warrants−0.83%
Stock breakdown by region
North America93.39%
Europe6.61%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TCAL invests in stocks. The fund's major sectors are Finance, with 19.15% stocks, and Health Technology, with 18.69% of the basket. The assets are mostly located in the North America region.
TCAL top holdings are Thermo Fisher Scientific Inc. and PepsiCo, Inc., occupying 2.19% and 2.18% of the portfolio correspondingly.
TCAL last dividends amounted to 0.20 USD. The month before, the issuer paid 0.20 USD in dividends, which shows a 2.01% decrease.
TCAL assets under management is 146.75 M USD. It's risen 10.72% over the last month.
TCAL fund flows account for 124.25 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TCAL pays dividends to its holders with the dividend yield of 10.18%. The last dividend (Sep 29, 2025) amounted to 0.20 USD. The dividends are paid monthly.
TCAL shares are issued by T. Rowe Price Group, Inc. under the brand T. Rowe Price. The ETF was launched on Mar 26, 2025, and its management style is Active.
TCAL expense ratio is 0.34% meaning you'd have to pay 0.34% of your investment to help manage the fund.
TCAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TCAL invests in stocks.
TCAL trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.