T. Rowe Price Tax-Efficient Equity Fund (PREFX)

Fund Assets	1.47B
Expense Ratio	0.82%
Min. Investment	$500,000
Turnover	17.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	92.70
YTD Return	6.25%
1-Year Return	11.67%
5-Year Return	59.92%
52-Week Low	76.08
52-Week High	95.49
Beta (5Y)	1.16
Holdings	389
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.

• Fund Family: T. Rowe Price
• Category: Large Growth
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PREFX
• Index: Russell 3000 Growth TR

Performance

PREFX had a total return of 11.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.22%.

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

54.20% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	12.23%
Apple Inc.	AAPL	8.86%
Alphabet Inc.	GOOG	6.89%
Microsoft Corporation	MSFT	6.30%
Broadcom Inc.	AVGO	4.77%
Amazon.com, Inc.	AMZN	4.75%
Tesla, Inc.	TSLA	3.04%
Meta Platforms, Inc.	META	2.73%
Eli Lilly and Company	LLY	2.72%
Advanced Micro Devices, Inc.	AMD	1.89%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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