T. Rowe Price Hedged Equity (PHEFX)
| Fund Assets | 4.04B |
| Expense Ratio | 0.75% |
| Min. Investment | $0.00 |
| Turnover | 54.50% |
| Dividend (ttm) | 0.77 |
| Dividend Yield | 5.60% |
| Dividend Growth | 120.89% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 11, 2025 |
| Previous Close | 13.68 |
| YTD Return | 5.39% |
| 1-Year Return | 15.85% |
| 5-Year Return | n/a |
| 52-Week Low | 12.29 |
| 52-Week High | 13.86 |
| Beta (5Y) | n/a |
| Holdings | 340 |
| Inception Date | n/a |
About PHEFX
T. Rowe Price Hedged Equity Fund is an open‑end mutual fund designed to pursue long‑term capital growth while targeting a lower risk profile than broad equities. The strategy primarily invests in U.S. large‑cap stocks and overlays a disciplined program of equity options, index futures, and interest rate futures to mitigate tail risk and dampen volatility during market drawdowns. The portfolio emphasizes fundamentally selected large‑cap companies across sectors, with benchmark awareness to the S&P 500 Index and flexibility to concentrate when bottom‑up convictions are strongest. The derivatives overlay is structured to manage overall equity beta and correlation, aiming to preserve stock‑selection alpha while cushioning downside variability over time. Launched in 2023, the fund carries a contractual expense limitation through February 2027, and maintains liquidity through cash and reserve positions as part of its risk framework. It serves investors seeking equity market participation with explicit hedging features and a systematic approach to volatility management within a single, actively managed vehicle.
Performance
PHEFX had a total return of 15.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.49%.
Top 10 Holdings
38.54% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 6.89% |
| T. Rowe Price Treasury Reserve Fund | n/a | 6.75% |
| Microsoft Corporation | MSFT | 5.98% |
| Apple Inc. | AAPL | 5.57% |
| Amazon.com, Inc. | AMZN | 3.05% |
| Meta Platforms, Inc. | META | 2.51% |
| Broadcom Inc. | AVGO | 2.42% |
| Alphabet Inc. | GOOG | 2.21% |
| Tesla, Inc. | TSLA | 1.79% |
| Alphabet Inc. | GOOGL | 1.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 11, 2025 | $0.7654 | Dec 12, 2025 |
| Dec 12, 2024 | $0.3465 | Dec 13, 2024 |
| Dec 13, 2023 | $0.0535 | Dec 14, 2023 |