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T. Rowe Price Capital Appreciation Equity ETF (TCAF) proxy voting record 2026
Three of its ballots from this season. Vote first, then see what it did with the shares your savings paid for.
The question on the ballot
As filed
T. Rowe Price Exchange-Traded Funds files this fund's proxy votes with the SEC once a year. This is what it did with the shares your retirement savings paid for.
SourceProxy-voting record filed by T. Rowe Price Exchange-Traded Funds on 2026-08-28 · open the filing · vote table (ProxyVotingTable.xml, 37 MB)
TickerTCAF · as listed in its latest SEC filing of proxy votes
How it voted, by issue
Fund companies sometimes file the same proposal under different subjects. So that funds can be compared, each proposal is counted under the subject most of the filings we read gave it, the same for every fund on this site. Counted by this fund’s own filing alone, 1 of its 80 shareholder proposals would sit under a different issue, or under none. On management's own executive pay resolutions, this fund voted in favour 97% of the time across 67 votes.
| Issue | Proposals faced | Backed | Share backed |
|---|---|---|---|
| Climate & environment | 18 | 0 | 0% |
| Workers & human rights | 8 | 0 | 0% |
| Pay equity & inclusion | 1 | 0 | 0% |
| Executive pay | 2 | 1 | 50% |
| Corporate governance | 26 | 10 | 38.5% |
| Other social issues | 25 | 3 | 12% |
Ballots it voted
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder · Climate & environment
Should Nvidia publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
AGAINST T. Rowe Price Capital Appreciation Equity ETF voted with 1,902,512 shares
“Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Amazon.com, Inc. · 20 May 2026 · put on the ballot by shareholder · Climate & environment
Should Amazon.com report what its data centres do to its climate commitments?
Shareholders asked for a report on the electricity and water its data-centre build-out consumes, and on whether the growth in that demand can be squared with the emissions targets the company has already committed to.
AGAINST T. Rowe Price Capital Appreciation Equity ETF voted with 1,887,579 shares
“SHAREHOLDER PROPOSAL REQUESTING ADDITIONAL REPORTING ON IMPACT OF DATA CENTERS ON CLIMATE COMMITMENTS”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST T. Rowe Price Capital Appreciation Equity ETF voted with 1,047,171 shares
“Report on Data Operations in Human Rights Hotspots”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Microsoft Corporation · 5 December 2025 · put on the ballot by shareholder · Workforce & human rights
Should Microsoft assess the human rights risks its own operations create?
Shareholders asked for an assessment of the human rights risks arising from the company’s operations and business relationships, and for the findings to be published.
AGAINST T. Rowe Price Capital Appreciation Equity ETF voted with 1,047,171 shares
“Report on Human Rights Due Diligence”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Workday, Inc. · 16 June 2026 · put on the ballot by shareholder · Pay equity & inclusion
To consider and vote upon a stockholder proposal regarding disclosure of employee retention rates by demographic category.
AGAINST T. Rowe Price Capital Appreciation Equity ETF voted with 303,049 shares
“To consider and vote upon a stockholder proposal regarding disclosure of employee retention rates by demographic category.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Meta Platforms, Inc. · 27 May 2026 · put on the ballot by shareholder · Executive pay
Regarding annual vote regarding executive pay.
FOR T. Rowe Price Capital Appreciation Equity ETF voted with 427,377 shares
“A shareholder proposal regarding annual vote regarding executive pay.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Revvity, Inc. · 28 April 2026 · put on the ballot by shareholder · Executive pay
Executives to Retain Significant Stock.
AGAINST T. Rowe Price Capital Appreciation Equity ETF voted with 835,884 shares
“To approve the shareholder proposal regarding Executives to Retain Significant Stock.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
NVIDIA Corporation · 24 June 2026 · put on the ballot by shareholder
Should a simple majority be enough to pass a measure at Nvidia?
Shareholders asked the company to replace its supermajority voting requirements with a simple majority, so that a measure supported by most shares actually carries.
FOR T. Rowe Price Capital Appreciation Equity ETF voted with 1,902,512 shares
“Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting provisions in our charter and bylaws with a simple majority voting standard.”
SourceT. Rowe Price Exchange-Traded Funds, Form N-PX filed 2026-08-28 · accession 0001193125-26-372784 · series S000079834 · open the filing
Other funds T. Rowe Price Exchange-Traded Funds votes
The same filer reports these alongside this one, in the same annual filing.
No 401(k) plan we index offers this fund. Its record is here because the fund files it with the SEC, as every fund must: whoever holds it, in an IRA, a brokerage account or a plan we have not indexed, the fund votes those shares as shown on this page.