T. Rowe Price Tax-Efficient Equity Fund I Class (TEEFX)
| Fund Assets | 1.24B |
| Expense Ratio | 0.68% |
| Min. Investment | $500,000 |
| Turnover | 8.00% |
| Dividend (ttm) | 0.64 |
| Dividend Yield | 0.79% |
| Dividend Growth | 61.33% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 80.71 |
| YTD Return | 7.56% |
| 1-Year Return | 14.53% |
| 5-Year Return | 105.52% |
| 52-Week Low | 60.91 |
| 52-Week High | 81.23 |
| Beta (5Y) | n/a |
| Holdings | 348 |
| Inception Date | Jul 6, 2017 |
About TEEFX
T. Rowe Price Tax-Efficient Equity Fund I Class is a mutual fund designed to maximize after-tax capital growth by primarily investing in common stocks. The fund employs a growth-oriented investment strategy, seeking companies that demonstrate consistent increases in revenues, earnings, and cash flow, as well as strong management and sustainable competitive advantages. It typically focuses on large- and mid-cap U.S. equities but may also invest a portion of its assets in international stocks. A defining feature of this fund is its tax-efficient approach: it aims to limit taxable capital gains distributions by minimizing portfolio turnover and selectively realizing losses to offset future gains. This strategy is intended to enhance after-tax returns for investors, particularly in taxable accounts. The fund often maintains a notable allocation to the technology sector and other growth-driven industries, reflecting its focus on long-term appreciation rather than income from dividends. By emphasizing long-term holdings and minimizing short-term trades, T. Rowe Price Tax-Efficient Equity Fund I Class plays a distinct role in the market for investors seeking growth while prioritizing tax efficiency.
Performance
TEEFX had a total return of 14.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.37%.
Top 10 Holdings
50.92% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 9.00% |
| NVIDIA Corporation | NVDA | 8.76% |
| Microsoft Corporation | MSFT | 8.39% |
| Amazon.com, Inc. | AMZN | 5.42% |
| Alphabet Inc. | GOOG | 5.21% |
| Meta Platforms, Inc. | META | 4.90% |
| Broadcom Inc. | AVGO | 2.95% |
| Eli Lilly and Company | LLY | 2.35% |
| Visa Inc. | V | 2.17% |
| Mastercard Incorporated | MA | 1.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $0.6384 | Dec 17, 2024 |
| Dec 15, 2023 | $0.3957 | Dec 18, 2023 |
| Dec 15, 2022 | $0.4202 | Dec 16, 2022 |
| Dec 11, 2020 | $1.010 | Dec 14, 2020 |
| Dec 12, 2019 | $0.240 | Dec 13, 2019 |
| Dec 12, 2018 | $0.405 | Dec 13, 2018 |