About PRFDX
T. Rowe Price Equity Income Fund is a mutual fund that emphasizes investment in equity securities, primarily large-cap stocks, with a strong track record of paying dividends. Its main objective is to deliver a high level of dividend income alongside long-term capital growth, employing a value-oriented investment approach. The fund focuses on companies that have above-average dividend yields, stable earnings histories, solid balance sheets, and are considered undervalued based on various financial metrics. It typically maintains a diversified portfolio across sectors to minimize volatility, with significant holdings in financial services, utilities, healthcare, technology, and consumer defensive industries. Managed using thorough bottom-up fundamental research, the fund seeks to provide investors with regular income while aiming for steady capital appreciation. As of its most recent reporting, the T. Rowe Price Equity Income Fund is notable for its sizeable asset base and a turnover ratio that reflects a long-term, patient investment strategy, underscoring its role as a core holding for investors seeking dividend income and value exposure within the U.S. equity market.
Fund Family T. Rowe Price
Category Large Value
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PRFDX
Index Russell 1000 Value TR
PRFDX had a total return of 23.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.95%.
