T. Rowe Price Tax-Efficient Equity Fund (PREFX)
| Fund Assets | 1.41B |
| Expense Ratio | 0.82% |
| Min. Investment | $500,000 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.64 |
| Dividend Yield | 0.74% |
| Dividend Growth | 83.77% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 83.09 |
| YTD Return | -5.00% |
| 1-Year Return | 6.90% |
| 5-Year Return | 55.15% |
| 52-Week Low | 60.65 |
| 52-Week High | 90.77 |
| Beta (5Y) | 1.14 |
| Holdings | 340 |
| Inception Date | Dec 29, 2000 |
About PREFX
The T. Rowe Price Tax-Efficient Equity Fund is a mutual fund focused on maximizing after-tax capital growth by investing predominantly in common stocks. Leveraging a large-growth investment approach, the fund typically holds shares in high-quality U.S. companies, especially those in the technology sector, along with notable allocations to communication services, consumer cyclical, and healthcare industries. A key feature of this fund is its tax-efficient management, which aims to minimize annual taxable distributions through strategies such as long-term holding periods, low portfolio turnover, and selective tax-loss harvesting. This approach seeks to help investors retain more of their returns by reducing the drag from taxes, making it well-suited for taxable accounts. Established in 2000, the fund combines disciplined stock selection with a focus on after-tax outcomes, and is managed with a goal to provide competitive pre-tax performance and superior after-tax results compared to peers not prioritizing tax efficiency. With over a billion dollars in assets under management, it plays a significant role for investors seeking growth while mindful of tax impacts in their overall portfolio.
Performance
PREFX had a total return of 6.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.16%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TEEFX | -i Class | 0.68% |
Top 10 Holdings
56.16% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 11.90% |
| Apple Inc. | AAPL | 8.69% |
| Microsoft Corporation | MSFT | 8.53% |
| Alphabet Inc. | GOOG | 6.39% |
| Amazon.com, Inc. | AMZN | 4.80% |
| Broadcom Inc. | AVGO | 4.57% |
| Meta Platforms, Inc. | META | 3.25% |
| Tesla, Inc. | TSLA | 3.25% |
| Eli Lilly and Company | LLY | 2.55% |
| Visa Inc. | V | 2.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.6384 | Dec 17, 2024 |
| Dec 15, 2023 | $0.3474 | Dec 18, 2023 |
| Dec 15, 2022 | $0.3706 | Dec 16, 2022 |
| Dec 11, 2020 | $1.010 | Dec 14, 2020 |
| Dec 12, 2019 | $0.210 | Dec 13, 2019 |
| Dec 12, 2018 | $0.385 | Dec 13, 2018 |