T. Rowe Price Hedged Equity Fund-Z Class (PZHEX)
| Fund Assets | 4.14B |
| Expense Ratio | n/a |
| Min. Investment | $500,000 |
| Turnover | 54.50% |
| Dividend (ttm) | 0.84 |
| Dividend Yield | 6.11% |
| Dividend Growth | 114.83% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 11, 2025 |
| Previous Close | 13.80 |
| YTD Return | 13.72% |
| 1-Year Return | 13.72% |
| 5-Year Return | n/a |
| 52-Week Low | 12.54 |
| 52-Week High | 14.14 |
| Beta (5Y) | n/a |
| Holdings | 347 |
| Inception Date | Jul 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.
Performance
PZHEX had a total return of 13.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.50%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PHEIX | -i Class | 0.47% |
Top 10 Holdings
36.57% of assets| Name | Symbol | Weight |
|---|---|---|
| T. Rowe Price Government Reserve Fund | TRPGRIA | 7.42% |
| NVIDIA Corporation | NVDA | 6.37% |
| Apple Inc. | AAPL | 5.61% |
| Microsoft Corporation | MSFT | 4.18% |
| Amazon.com, Inc. | AMZN | 3.00% |
| Alphabet Inc. | GOOG | 2.57% |
| Broadcom Inc. | AVGO | 2.22% |
| Meta Platforms, Inc. | META | 1.91% |
| Alphabet Inc. | GOOGL | 1.89% |
| Tesla, Inc. | TSLA | 1.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 11, 2025 | $0.843 | Dec 12, 2025 |
| Dec 12, 2024 | $0.3924 | Dec 13, 2024 |
| Dec 13, 2023 | $0.070 | Dec 14, 2023 |