---
ticker: "TCAF"
name: "T. Rowe Capital Appreciation Equity ETF"
url: "https://etf.net/etf/TCAF"
grade: "A"
score: 75
graded_at: "2026-10-12"
category: "US Active Equity"
category_rank: "10 of 127"
methodology: "https://etf.net/methodology"
---

# TCAF: T. Rowe Capital Appreciation Equity ETF

Grade **A**, Score 75 of 100. Rank 10 of 127 in US Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 83 | 22 of 127 |
| Mission | 82 | 10 of 48 |
| Risk | 56 | 54 of 126 |
| Tradability | 82 | 12 of 127 |
| Holdings | 67 | 45 of 124 |
| Durability | 80 | 17 of 127 |

## Top holdings

The fund holds 95 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | MSFT.NE | Microsoft Corp Common Stock USD.00000625 | 7.19% |
| 2 | AMZN.NE | Amazon.com Inc Common Stock USD.01 | 5.85% |
| 3 | NVDA.NE | NVIDIA Corp Common Stock USD.001 | 5.84% |
| 4 | AAPL.MX | Apple Inc Common Stock USD.00001 | 4.85% |
| 5 | AMD.BA | Advanced Micro Devices Common Stock USD.01 | 3.27% |
| 6 | GOOGL | Alphabet Inc Class A Common Stock USD.001 | 3.19% |
| 7 | CNP | Centerpoint Energy Inc Common Stock USD.01 | 2.72% |
| 8 | META.NE | Meta Platforms Inc Class A Common Stock USD.000006 | 2.68% |
| 9 | TSM | Taiwan Semiconductor Sp Adr Adr | 2.31% |
| 10 | COR | Cencora Inc Common Stock USD.01 | 2.14% |
| 11 | MA.BA | Mastercard Inc A Common Stock USD.0001 | 2.06% |
| 12 | ALNY | Alnylam Pharmaceuticals Inc Common Stock USD.01 | 2.06% |
| 13 | KDP | Keurig Dr Pepper Inc Common Stock USD.01 | 2.05% |
| 14 | ASND | Ascendis Pharma A/S Common Stock DKK1.0 | 1.92% |
| 15 | AEE | Ameren Corporation Common Stock USD.01 | 1.77% |
| 16 | AVGO | Broadcom Inc Common Stock | 1.76% |
| 17 | ANET | Arista Networks Inc Common Stock USD.0001 | 1.70% |
| 18 | PPL | Ppl Corp Common Stock USD.01 | 1.62% |
| 19 | NI | Nisource Inc Common Stock USD.01 | 1.56% |
| 20 | RVTY | Revvity Inc Common Stock USD1.0 | 1.36% |
| 21 | JPM.NE | JPMorgan Chase & Co Common Stock USD1.0 | 1.33% |
| 22 | MU.TO | Micron Technology Inc Common Stock USD.1 | 1.33% |
| 23 | MSCI | Msci Inc Common Stock USD.01 | 1.33% |
| 24 | DHR | Danaher Corp Common Stock USD.01 | 1.32% |
| 25 | GOOG.NE | Alphabet Inc Class C Common Stock USD.001 | 1.30% |
| 26 | AJG | Arthur J Gallagher & Co Common Stock USD1.0 | 1.29% |
| 27 | V.BA | Visa Inc Class A Shares Common Stock USD.0001 | 1.28% |
| 28 | WAT | Waters Corp Common Stock USD.01 | 1.26% |
| 29 | CNQ.TO | Canadian Natural Resources Common Stock | 1.26% |
| 30 | VLTO | Veralto Corp Common Stock USD.01 | 1.21% |

Source: etf.net, https://etf.net/etf/TCAF. Please cite the page URL.