T. Rowe Price Hedged Equity Fund-I Class (PHEIX)
| Fund Assets | 4.14B |
| Expense Ratio | 0.49% |
| Min. Investment | $500,000 |
| Turnover | 54.50% |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 5.68% |
| Dividend Growth | 114.96% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 11, 2025 |
| Previous Close | 13.70 |
| YTD Return | 5.29% |
| 1-Year Return | 15.44% |
| 5-Year Return | n/a |
| 52-Week Low | 12.46 |
| 52-Week High | 14.03 |
| Beta (5Y) | n/a |
| Holdings | 347 |
| Inception Date | Jul 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.
Performance
PHEIX had a total return of 15.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.40%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PZHEX | -z Class | n/a |
Top 10 Holdings
36.57% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Government Reserve Fund | TRPGRIA | 7.42% |
| NVIDIA Corporation | NVDA | 6.37% |
| Apple Inc. | AAPL | 5.61% |
| Microsoft Corporation | MSFT | 4.18% |
| Amazon.com, Inc. | AMZN | 3.00% |
| Alphabet Inc. | GOOG | 2.57% |
| Broadcom Inc. | AVGO | 2.22% |
| Meta Platforms, Inc. | META | 1.91% |
| Alphabet Inc. | GOOGL | 1.89% |
| Tesla, Inc. | TSLA | 1.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 11, 2025 | $0.7788 | Dec 12, 2025 |
| Dec 12, 2024 | $0.3623 | Dec 13, 2024 |
| Dec 13, 2023 | $0.056 | Dec 14, 2023 |