T. Rowe Price Hedged Equity I (PHEIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
12.94
+0.04 (0.31%)
Jul 16, 2025, 4:00 PM EDT
4.86%
Fund Assets3.72B
Expense Ratio0.47%
Min. Investment$2,500
Turnover40.70%
Dividend (ttm)0.36
Dividend Yield2.80%
Dividend Growthn/a
Payout FrequencyAnnual
Ex-Dividend DateDec 12, 2024
Previous Close12.90
YTD Return4.36%
1-Year Return10.85%
5-Year Returnn/a
52-Week Low11.29
52-Week High13.16
Beta (5Y)n/a
Holdings354
Inception DateJul 5, 2023

About PHEIX

T. Rowe Price Hedged Equity Fund I Class is a mutual fund designed to provide long-term capital growth while aiming for a lower risk profile compared to the broader equity market. The fund primarily invests in a diversified portfolio of U.S. large-cap stocks and employs a series of hedging strategies—chiefly through equity options, index futures, and interest rate futures—to mitigate tail risk and reduce overall portfolio volatility. Its approach seeks to cushion the impact of equity market downturns and maintain strong risk-adjusted returns, even during periods of significant market stress. Managed with a fundamental, bottom-up stock selection process, the fund does not specifically favor growth or value investing but targets stocks with appealing fundamentals, earnings potential, and relative valuation. While the fund may occasionally maintain significant exposure to certain sectors, such as information technology, it is classified as nondiversified, permitting a more concentrated allocation to individual issuers. The fund’s structure makes it a distinctive tool for investors seeking equity exposure with embedded risk mitigation features, especially relevant for uncertain or volatile market environments.

Fund Family T. Rowe Price
Category Options Trading
Stock Exchange NASDAQ
Ticker Symbol PHEIX
Share Class -i Class
Index Index is not provided by Management Company

Performance

PHEIX had a total return of 10.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.51%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
PZHEX-z Classn/a

Top 10 Holdings

33.11% of assets
NameSymbolWeight
T. Rowe Price Treasury Reserve Fundn/a6.57%
Apple Inc.AAPL5.86%
Microsoft CorporationMSFT5.09%
NVIDIA CorporationNVDA4.34%
Amazon.com, Inc.AMZN3.10%
Meta Platforms, Inc.META2.30%
Alphabet Inc.GOOG1.54%
Eli Lilly and CompanyLLY1.50%
Berkshire Hathaway Inc.BRK.B1.48%
Visa Inc.V1.33%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 12, 2024$0.3623Dec 13, 2024
Dec 13, 2023$0.056Dec 14, 2023
Full Dividend History