Microsoft

NVIDIA

Amazon

Apple

Alphabet

UnitedHealth Group

Becton, Dickinson and Co.

Roper Technologies

Fortive

T Rowe Price Capital Appreciation Equity ETF

TCAF is an actively managed fund that pursues higher quality stocks of US large-cap companies that are perceived to have above average potential for capital growth.

2023 was a strong year for active investing, but just how good a year was it? The start of 2024 invites investors to take a look back at active's 2023 and see the metrics by which they may want to assess active in the new year.

Looking Back on Active Investing's 2023 Tally

Among the many potential risks facing markets in 2024, concentration risk specifically remains a big one left over from this year. The so-called “Magnificent Seven” firms have definitely lifted the overall economy significantly, of course.

Don't Forget Concentration Risk Entering 2024

While it may seem smaller with the benefit of time passing, the banking crisis that hit earlier this year spooked markets. For that week or so in the spring, markets feared a major contagion among banks, as institutions laden with low-rate bonds faced rapidly rising rates.

Potential Small Bank Crisis Boosts Case for Active

T. Rowe Price Capital Appreciation Equity ETF has seen significant growth, amassing over $600 million in assets under management in less than six months. TCAF's investment philosophy focuses on high-quality stocks from U.S. large-cap companies, employing a bottom-up stock selection approach. The fund's top holdings include Apple, Microsoft, Amazon, Alphabet, and Meta Platforms, reflecting its sector composition in technology, healthcare, consumer discretionary, communication services, and financials.

TCAF: A Promising Active Fund

In yet another indication of active ETFs' big 2023, capital appreciation ETF TCAF has once again passed an AUM threshold. The strategy, which only launched in June, has already gathered more than $500 million in AUM.

Capital Appreciation ETF TCAF Hits $600 Million

Markets had been living through an era of slow burn, low interest rate-boosted index funds for years until rapid rate hikes in 2022 and 2023. That era of passive ETF ascendancy led some to look past the benefits active investing can provide.

How Active Investing Boosts the Overall Economy

BlackRock Total Return ETF

Touchstone Dynamic International ETF

Reuters recently reported that a record 478 new ETFs were launched in the United States in 2023 through Dec. 7. Of the funds launched in 2023, 76% were active ETFs, according to Morningstar Direct data.

New Kids on the Block: 3 Just-Launched Active ETFs to Consider for 2024

Having just launched this year, the active ETF TCAF is showing no signs of slowing down. The T. Rowe Price Capital Appreciation Equity ETF (TCAF) was launched just this past June but is rapidly approaching half a billion in AUM.

Active ETF TCAF Nearing Half a Billion in AUM

T Rowe Price Blue Chip Growth ETF

In a testament to the success of active ETFs in 2023, T. Rowe Price's active ETF suite has now hit $2 billion in AUM.

T. Rowe Price's Active ETF Suite Hits $2 Billion AUM

T Rowe Price Ultra Short-Term Bond ETF

Are interest rates finally taking their bite out of the economy? Friday's news that hiring had slowed certainly adds to the case.

Slowing Hiring Adds to Active Investing Case

Having launched just months ago, the active ETF TCAF is on the precipice of $300 million in AUM. The  T. Rowe Price Capital Appreciation Equity ETF (TCAF), which had already surpassed $200 million in September, sat just $6 million away from its next threshold to start November.

Active ETF TCAF Nearing $300 Million

Active strategies have had a big year, and that's extended to new launches like the T. Rowe Price Capital Appreciation Equity ETF (TCAF).

Capital Appreciation ETF TCAF Seeing Strong Flows

With just over 11 weeks left in 2023, investors may want to look a bit deeper at their portfolios. In a year in which active strategies have done so well via allocator interest, as well as with their own returns, an active ETF could make a very good addition.

The Sleeper Active ETF to Watch Ahead of 2024

Active management has had a strong 2023 so far, attracting about 30% of inflows, despite representing less than 6% of total assets invested in ETFs. Strong performance has drawn much of those inflows, as active managers have been able to outperform passive strategies in this year's churning markets.

Active ETF TCAF Outperforms SPY Out of the Gate

The T. Rowe Price Capital Appreciation Equity ETF, their fifth standard Equity ETF, started last June. TCAF has garnered $219m in AUM since then, but its performance is just so-so. TCAF invests in large US companies and aims to outperform the S&P 500 Index with less risk. TCAF is reviewed in detail, and its return is compared to other similar ETFs. With its limited history, I give TCAF a Hold rating. I do not consider it a Core holding, but worth watching for possible Alpha once it proves itself.

TCAF: A First Look At The T. Rowe Price Large-Cap Appreciation ETF

Are you looking to add more active investing to your overall portfolio? You're not alone — investors and advisors from institutionals to the retail crowd have helped make 2023 a great year to get active.

Active Quality ETF TCAF Crosses Another AUM Threshold

Active ETFs have had a strong turn of the cards in 2023 as all kinds of investors take new interest in the active universe. From more tactical strategies to total return ETFs, active ETFs come in all shapes and sizes.

Three Stocks to Know Active Capital Appreciation ETF TCAF

2023 has been the year of conflicting market narratives. Entering the year, markets feared rising rates and an earnings dropoff.

Exploit Market Inefficiencies for Long Term Gains

Recession risk is still looming large over markets, no matter how much digital ink is spilled, talking up a soft landing. While talk of the Fed avoiding a recession has spread rapidly, the Fed's inflation fight still has a long way to go.

Recession Risk Still Looms – Get Active in Advance

With 2023 more than halfway done, the time has come to revisit advisors' portfolios. Markets entered 2023 with a narrative defined by doom and gloom, but much of that trouble has failed to materialize.

Understanding Active Capital Appreciation Investing

T. Rowe Price Growth ETF

T.Rowe Price Small-Mid Cap ETF

T Rowe Price International Equity ETF

T. Rowe Price Value ETF

In the latest addition to the burgeoning ETF landscape, T. Rowe Price has launched five new active transparent ETFs.

T. Rowe Launches 5 Active Transparent ETFs

T. Rowe Price, a leading active manager, is making further inroads into the ETF market. Not long after passing the $1 billion assets milestone in April 2023, the widely followed active manager launched a suite of new products on June 15.

News for T Rowe Price Capital Appreciation Equity ETF ETF (TCAF)