TCAL – T. Rowe Price Cap Apprec Prm Inc ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide regular distributions while aiming for capital preservation with potential for capital appreciation. The fund normally invests in equities, such as common stocks, and implements a covered call options strategy to achieve its investment objective. Specifically, the fund seeks to provide regular distributions that may consist of dividends from stocks and cash from the covered call option premiums.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TCAL	T. Rowe Price Capital Appreciation Premium Income ETF	ETF	Open	—		Mar 26, 2025	$300.41M	0.340%	—	—	$168.15M

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