T. Rowe Price Capital Appreciation Fund Advisor Class (PACLX)

Fund Assets	70.24B
Expense Ratio	0.935%
Min. Investment	$2,500
Turnover	124.70%
Dividend (ttm)	0.59
Dividend Yield	1.54%
Dividend Growth	-16.68%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	38.40
YTD Return	9.07%
1-Year Return	10.37%
5-Year Return	46.76%
52-Week Low	33.28
52-Week High	38.50
Beta (5Y)	0.64
Holdings	221
Inception Date	Dec 31, 2004

About PACLX

T. Rowe Price Capital Appreciation Fund Advisor Class is a multi-asset mutual fund designed for investors seeking long-term capital growth. Structured as a moderate allocation fund, it primarily invests at least half of its assets in equities—mostly established U.S. companies with strong potential for appreciation—while allocating the remainder to fixed income instruments such as government and corporate bonds, and occasionally convertible securities or cash equivalents. This flexible approach allows the fund to adjust its risk profile in response to market conditions and to help preserve principal value during periods of uncertainty. The fund is managed by a team led by David Giroux, known for consistent outperformance relative to peers in the moderate allocation category. With a large and diverse asset base, notable holdings include leading companies in the technology, healthcare, and consumer sectors, as well as allocations to U.S. Treasury notes. The fund’s balanced strategy and careful security selection have established its reputation as a core holding for investors seeking a blend of growth and risk management within their portfolios.

• Fund Family: T. Rowe Price
• Category: Allocation--50% to 70% Equity
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PACLX
• Share Class: -advisor Class
• Index: S&P 500 TR

Performance

PACLX had a total return of 10.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.40%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FIQWX	Fidelity	Fidelity Advisor Strategic Div & Inc Z	0.55%
FBKFX	Fidelity	Fidelity Balanced K6 Fund	0.33%
FASDX	Fidelity	Fidelity Advisor Strategic Div & Inc A	0.92%
FTSDX	Fidelity	Fidelity Advisor Strategic Div & Inc M	1.20%
FASGX	Fidelity	Fidelity Asset Manager 70%	0.63%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRAIX	-i Class	0.58%

Top 10 Holdings

38.26% of assets

Name	Symbol	Weight
Aggregate Miscellaneous Equity	n/a	9.81%
T. Rowe Price Gov. Reserve	TRPGRIA	6.99%
Microsoft Corporation	MSFT	3.75%
Amazon.com, Inc.	AMZN	3.19%
United States Treasury Notes 4.25%	T.4.25 06.30.33	2.94%
NVIDIA Corporation	NVDA	2.85%
United States Treasury Notes 3.5%	T.3.5 02.28.31	2.43%
CenterPoint Energy, Inc.	CNP	2.22%
Cencora, Inc.	COR	2.12%
Apple Inc.	AAPL	1.96%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$3.0584	Dec 18, 2025
Dec 18, 2024	$3.4943	Dec 19, 2024
Dec 19, 2023	$1.3255	Dec 20, 2023
Dec 19, 2022	$2.7387	Dec 20, 2022
Dec 14, 2021	$3.290	Dec 15, 2021
Dec 14, 2020	$2.620	Dec 15, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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