T. Rowe Price Capital Appreciation I (TRAIX)

Fund Assets	70.52B
Expense Ratio	0.605%
Min. Investment	$1,000,000
Turnover	124.70%
Dividend (ttm)	0.73
Dividend Yield	1.86%
Dividend Growth	-14.25%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	39.08
YTD Return	9.94%
1-Year Return	9.92%
5-Year Return	46.62%
52-Week Low	33.93
52-Week High	39.48
Beta (5Y)	0.64
Holdings	237
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 9.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.42%.

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

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	$3.201	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 and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Nov 12, 2026

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