T. Rowe Price Launches Capital Appreciation Market Opportunities ETF at 0.25% Expense
TPUT•The T. Rowe Price Capital Appreciation Market Opportunities ETF launched June 11 as the third fund in the Capital Appreciation suite and 33rd ETF overall, trading on NYSE Arca with a 0.25% expense ratio. It uses a dynamic put-write strategy to generate income above money markets while timing equity allocations.
1. Fund Launch Details
On June 11, 2026, T. Rowe Price introduced the Capital Appreciation Market Opportunities ETF (TPUT) on NYSE Arca, marking the third ETF in its Capital Appreciation suite and the 33rd ETF offered by the firm.
2. Strategy and Objective
TPUT employs a fully transparent put-write strategy designed to deliver income above money market returns while dynamically allocating cash into equities at statistically favorable times based on the firm’s Capital Appreciation model.
3. Management and Oversight
The fund is overseen by a seven-person team from T. Rowe Price Investment Management, led by David Giroux, CFA®, leveraging quantitative equity and company research to balance yield enhancement with disciplined risk management.
4. Active ETF Lineup and AUM
With TPUT’s launch, T. Rowe Price now offers 33 active ETFs—22 equity and 10 fixed income—bringing total assets under management for its active ETF lineup to over $25 billion, offering investors tax efficiency and intraday trading flexibility.
