T. Rowe Price Capital Appreciation Fund I Class (TRAIX)

Fund Assets	70.40B
Expense Ratio	0.58%
Min. Investment	$2,500
Turnover	124.70%
Dividend (ttm)	3.20
Dividend Yield	8.22%
Dividend Growth	-12.07%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	38.92
YTD Return	8.20%
1-Year Return	11.12%
5-Year Return	50.43%
52-Week Low	33.93
52-Week High	39.27
Beta (5Y)	0.64
Holdings	257
Inception Date	Dec 17, 2015

About TRAIX

T. Rowe Price Capital Appreciation Fund I Class is a diversified moderate allocation mutual fund designed to provide long-term capital appreciation. The fund primarily invests at least half of its assets in common stocks of established U.S. companies that are believed to offer above-average potential for capital growth, while the remaining assets are generally allocated to corporate and government debt securities, including mortgage- and asset-backed securities, as well as bank loans. Up to 25% of assets may be invested in foreign securities, providing a global dimension to its strategy. The fund's robust portfolio—spanning several hundred holdings—also incorporates cash and other fixed income instruments for principal preservation and risk management. Managed by a seasoned team led by David Giroux, the fund is recognized for its strong, consistent track record, having outperformed its Morningstar category average for 17 consecutive years. Its blend of equity and fixed income exposure makes it a core holding for investors seeking balanced risk and return within the moderate allocation category. The fund is classified as institutional, characterized by a relatively low expense ratio and high asset base, and it is often benchmarked against the S&P 500 Index.

• Fund Family: T. Rowe Price
• Category: Allocation--50% to 70% Equity
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TRAIX
• Share Class: -i Class
• Index: S&P 500 TR

Performance

TRAIX had a total return of 11.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.51%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FIQWX	Fidelity	Fidelity Advisor Strategic Dividend & Income Fund - Class Z	0.55%
FBKFX	Fidelity	Fidelity Balanced K6 Fund	0.32%
FASDX	Fidelity	Fidelity Advisor Strategic Div & Inc A	0.92%
FTSDX	Fidelity	Fidelity Advisor Strategic Dividend & Income Fund - Class M	1.17%
FASGX	Fidelity	Fidelity Asset Manager 70%	0.63%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PACLX	-advisor Class	0.98%

Top 10 Holdings

35.25% of assets

Name	Symbol	Weight
Aggregate Miscellaneous Equity	n/a	9.44%
T. Rowe Price Gov. Reserve	TRPGRIA	4.50%
Microsoft Corporation	MSFT	3.28%
Amazon.com, Inc.	AMZN	3.24%
NVIDIA Corporation	NVDA	2.69%
Broadcom Inc.	AVGO	2.52%
CenterPoint Energy, Inc.	CNP	2.51%
United States Treasury Notes 3.5%	T.3.5 02.28.31	2.49%
Alphabet Inc.	GOOGL	2.44%
Meta Platforms, Inc.	META	2.13%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$3.201	Dec 18, 2025
Dec 18, 2024	$3.6406	Dec 19, 2024
Dec 19, 2023	$1.4505	Dec 20, 2023
Dec 19, 2022	$2.8826	Dec 20, 2022
Dec 14, 2021	$3.460	Dec 15, 2021
Dec 14, 2020	$2.760	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:

Aug 19, 2026

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