T. Rowe Price Capital Appreciation Fund (PRWCX)

Fund Assets	70.24B
Expense Ratio	0.74%
Min. Investment	$2,500
Turnover	124.70%
Dividend (ttm)	0.68
Dividend Yield	1.75%
Dividend Growth	-15.29%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	39.11
YTD Return	9.04%
1-Year Return	9.64%
5-Year Return	45.96%
52-Week Low	33.93
52-Week High	39.31
Beta (5Y)	0.72
Holdings	237
Inception Date	Jun 30, 1986

About PRWCX

T. Rowe Price Capital Appreciation Fund is a diversified mutual fund that seeks to deliver long-term capital appreciation through a balanced approach of equity and fixed income investments. Its primary function is to invest at least half of its assets in common stocks of established U.S. companies with above-average growth potential, while allocating the remainder to fixed income securities, such as corporate and government bonds, convertible securities, and cash equivalents. This strategy allows the fund to pursue capital growth while maintaining a degree of principal preservation and income generation. Within the financial market, T. Rowe Price Capital Appreciation Fund plays a significant role for investors seeking a moderate allocation solution that blends growth and stability. Its asset allocation typically ranges from 50% to 70% in equities, targeting sectors like technology, healthcare, and government debt. The fund is actively managed by an experienced team, recently expanded to include multiple co-managers alongside its longstanding leader, ensuring continuity and informed oversight. Recognized for its size and track record, the fund stands out for its rigorous research, risk-conscious approach, and ability to adapt allocations to prevailing market conditions.

• Fund Family: T. Rowe Price
• Category: Allocation--50% to 70% Equity
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PRWCX
• Index: S&P 500 TR

Performance

PRWCX had a total return of 9.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.04%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FAAIX	Fidelity	Fidelity Advisor Asset Manager 70% I	0.66%
FAASX	Fidelity	Fidelity Advisor Asset Manager 70% A	0.92%
FASDX	Fidelity	Fidelity Advisor Strategic Div & Inc A	0.92%
FASGX	Fidelity	Fidelity Asset Manager 70%	0.62%
FBAKX	Fidelity	Fidelity Balanced K	0.41%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRAIX	-i Class	0.58%
PACLX	-advisor Class	0.98%

Top 10 Holdings

38.84% of assets

Name	Symbol	Weight
Aggregate Miscellaneous Equity	n/a	10.62%
United States Treasury Notes 4.5%	T.4.5 08.31.33	5.06%
Microsoft Corporation	MSFT	4.14%
Amazon.com, Inc.	AMZN	3.38%
U.S. Treasury Notes	T.5 09.30.33	3.12%
NVIDIA Corporation	NVDA	3.00%
United States Treasury Notes 4.25%	T.4.25 06.30.33	2.89%
Advanced Micro Devices, Inc.	AMD	2.43%
Apple Inc.	AAPL	2.10%
CenterPoint Energy, Inc.	CNP	2.10%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$3.1511	Dec 18, 2025
Dec 18, 2024	$3.5922	Dec 19, 2024
Dec 19, 2023	$1.4075	Dec 20, 2023
Dec 19, 2022	$2.8079	Dec 20, 2022
Dec 14, 2021	$3.410	Dec 15, 2021
Dec 14, 2020	$0.39142	Dec 15, 2020

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:

Oct 24, 2026

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