ETF Evaluator:
T. Rowe Price Capital Appre Mkt Opps ETF ()
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(as of Aug 26)
Best Performing in Miscellaneous Allocation Over the Last Year
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ETF Details
T. Rowe Price Capital Appre Mkt Opps ETF Overview
T. Rowe Price Capital Appre Mkt Opps ETF (TPUT) is an actively managed Allocation Miscellaneous Allocation exchange-traded fund (ETF). T. Rowe Price launched the ETF in 2026.
The investment seeks current income while maintaining the potential for capital appreciation.
During periods of low volatility of the equity market, the fund normally holds treasury securities, money market funds, and cash equivalents to generate income and act as collateral for the fund's disciplined options-based strategy. The fund is non-diversified.
About T. Rowe Price Capital Appre Mkt Opps ETF (TPUT)
There are 7 members of the management team with an average tenure of 0.14 years: David Giroux (2026), Farris Shuggi (2026), Justin Olsen (2026), Brian Solomon (2026), Mike Signore (2026), Vivek Rajeswaran (2026) and Kevin J. Klassen (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
T. Rowe Price Capital Appre Mkt Opps ETF has 30 securities in its portfolio. The top 10 holdings constitute 100.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
T. Rowe Price Capital Appre Mkt Opps ETF is part of the Allocation global asset class and is within the Allocation ETF group. T. Rowe Price Capital Appre Mkt Opps ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.4% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Capital Appre Mkt Opps ETF has 11.3% of the portfolio in cash.
Assets Under Management
The fund has $25 million in total assets, which is above the $16 million average for the Miscellaneous Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TPUT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Capital Appre Mkt Opps ETF expense ratio is below average compared to funds in the Miscellaneous Allocation category. T. Rowe Price Capital Appre Mkt Opps ETF has an expense ratio of 0.25%, which is 72% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Capital Appre Mkt Opps ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 99% for the Miscellaneous Allocation category.
Recently, in the month of July 2026, T. Rowe Price Capital Appre Mkt Opps ETF returned 0.4%, which earned it a grade of B, as the Miscellaneous Allocation category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
T. Rowe Price Capital Appre Mkt Opps ETF has a trailing yield of 0.00%, which is below the 2.22% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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TPUT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TPUT Return (NAV) | 0.4% | na | na | na | na | na |
| TPUT Return (Price) | 0.4% | na | na | na | na | na |
| NAV +/- Price Return | 0.052% | na | na | na | na | na |
| Miscellaneous Allocation Avg | 0.0% | 0.0% | 4.7% | 7.9% | 3.2% | 5.2% |
| TPUT Grade (NAV) | B | na | na | na | na | na |
| +/- Category (NAV) | 0.4% | na | na | na | na | na |
| TPUT Tax-Cost Ratio | na | na | na | na | na | na |
TPUT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TPUT Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| TPUT Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Miscellaneous Allocation Avg | 2.2% | 9.4% | 23.5% | 9.3% | -14.5% | 18.9% | -1.1% | 17.9% | -0.6% | 7.3% | 10.2% |
| TPUT Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 25 Mil |
| Share Class Assets: | $ 25 Mil |
| Turnover: | na |
| Expense Ratio: | 0.25% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Giroux David (2026), Shuggi Farris (2026), Olsen Justin (2026), Solomon Brian (2026), Signore Mike (2026), Rajeswaran Vivek (2026), Klassen Kevin J. (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 100.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -0.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 89.2% |
| Cash: | 11.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | |
| Inception Date: | June 10, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.90% |
