About PAFDX
T. Rowe Price Equity Income Fund Advisor Class is an open-end mutual fund designed to deliver a high level of dividend income alongside long-term capital growth. The fund primarily invests at least 80% of its assets in common stocks, with a strong focus on large-cap companies that either have a robust record of paying dividends or are considered undervalued by the market. This equity income strategy emphasizes value investing, favoring stocks believed to be trading below their intrinsic value. The portfolio is diversified across sectors such as financial services, technology, utilities, healthcare, energy, and consumer staples, with top holdings including prominent companies like Wells Fargo, MetLife, Southern Company, and Qualcomm. With over $17 billion in total assets, a moderate expense ratio, and a quarterly dividend payout, the fund plays a significant role in the large value category, appealing to investors seeking consistent income combined with the potential for capital appreciation over time. Since its inception in 2000, it has established itself as a notable vehicle for conservative, income-oriented equity exposure in the U.S. market.
Fund Family T. Rowe Price
Category Large Value
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PAFDX
Share Class -advisor Class
Index Russell 1000 Value TR
PAFDX had a total return of 23.00% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.07%.
