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 Multi-Cap Growth
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PREFX
Index Russell 3000 Growth TR
PREFX had a total return of 9.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.25%.
