T. Rowe Price Hedged Equity Z (PZHEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
13.40
-0.07 (-0.52%)
At close: Aug 29, 2025
-0.52%
Fund Assets3.81B
Expense Ration/a
Min. Investment$2,500
Turnover40.70%
Dividend (ttm)0.39
Dividend Yield2.93%
Dividend Growthn/a
Payout FrequencyAnnual
Ex-Dividend DateDec 12, 2024
Previous Close13.47
YTD Return7.54%
1-Year Return11.46%
5-Year Returnn/a
52-Week Low11.36
52-Week High13.47
Beta (5Y)n/a
Holdings347
Inception DateJul 5, 2023

About PZHEX

T. Rowe Price Hedged Equity Fund Z is an actively managed mutual fund that seeks long‑term capital growth while mitigating downside risk. The strategy primarily invests in a diversified portfolio of U.S. large‑cap equities and layers on a systematic hedging program intended to reduce tail risk during equity market drawdowns and deliver lower volatility than broad equity benchmarks over time. Stock selection is driven by fundamental, bottom‑up research, without a strict growth or value bias, with sector weights largely emerging from security‑level views. To implement its risk management, the fund employs derivatives such as equity options and index and interest rate futures, using these tools both for hedging and efficient portfolio management within its 80% equity‑exposure policy framework. The Z share class is designed for certain advisory clients of T. Rowe Price and affiliated mandates, reflecting an institutional orientation in access and fee arrangements. In multi‑asset contexts, the fund can serve as a core equity sleeve with embedded risk controls, seeking to preserve stock‑selection alpha while moderating the amplitude of market cycles.

Fund Family T. Rowe Price
Category Options Trading
Stock Exchange NASDAQ
Ticker Symbol PZHEX
Share Class -z Class
Index Index is not provided by Management Company

Performance

PZHEX had a total return of 11.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.92%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
PHEIX-i Class0.47%

Top 10 Holdings

34.40% of assets
NameSymbolWeight
Microsoft CorporationMSFT6.26%
NVIDIA CorporationNVDA6.19%
T. Rowe Price Treasury Reserve Fundn/a4.74%
Apple Inc.AAPL4.52%
Amazon.com, Inc.AMZN3.34%
Meta Platforms, Inc.META2.79%
Broadcom Inc.AVGO2.29%
Alphabet Inc.GOOG1.70%
Tesla, Inc.TSLA1.34%
Visa Inc.V1.24%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 12, 2024$0.3924Dec 13, 2024
Dec 13, 2023$0.070Dec 14, 2023
Full Dividend History