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PRWCX T. Rowe Price Capital Appreciation

  • Fund
  • PRWCX
  • Price as of: Dec 15, 2017
  • $28.35
  • + $0.17
  • + 0.60%
  • Category
  • Diversified Portfolio

PRWCX - Profile

Vitals

  • YTD Return 8.2%
  • 3 Yr Annualized Return 9.5%
  • 5 Yr Annualized Return 12.8%
  • Net Assets $29.6 B
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$28.35
$26.19
$30.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 61.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2014-06-30

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return 9.5%
  • 5 Yr Annualized Total Return 12.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Capital Appreciation Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Jun 30, 1986
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager David R. Giroux

Fund Description

The T. Rowe Price Capital Appreciation Fund (PRWCX) is an actively managed fund that seeks long-term capital appreciation by owning common stocks of any size and fixed-income securities. Roughly 50% of its portfolio is invested in stocks, while the other half is held in convertible securities, corporate and government bonds, foreign securities as well as derivatives. Given its broad mandate, PRWCX can be used as a low-cost core position in a portfolio.

Managers at PRWCX use various value and fundamental analyses to select securities for the portfolio. While there is no mandate on sector composition, the fund does hold a variety of assets across all the main sectors and subsectors of the U.S. as well as international equity and bond markets. PRWCX is internally managed by T. Rowe Price.

PRWCX - Performance

Return Ranking - Trailing

Period PRWCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.2% -56.6% 455.1% 42.65% 3
1 Yr 16.3% -26.7% 45.9% 15.65% 1
3 Yr 9.5% * -11.4% 12.2% 0.86% 1
5 Yr 12.8% * -11.6% 15.7% 0.62% 1
10 Yr 8.9% * -6.3% 9.0% 0.15% 1

* Annualized


Return Ranking - Calendar

Period PRWCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.6% -65.8% 23.3% 25.23% 2
2015 -4.1% -37.7% 48.7% 22.35% 2
2014 1.8% -59.3% 22.9% 26.26% 2
2013 15.3% -17.5% 36.4% 18.35% 2
2012 7.9% -16.2% 18.4% 46.82% 3

Total Return Ranking - Trailing

Period PRWCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.2% -56.6% 455.1% 42.76% 3
1 Yr 16.3% -28.0% 73.2% 12.60% 1
3 Yr 9.5% * -11.4% 28.2% 0.86% 1
5 Yr 12.8% * -11.9% 15.7% 0.62% 1
10 Yr 8.9% * -6.3% 9.0% 0.15% 1

* Annualized


Total Return Ranking - Calendar

Period PRWCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.6% -65.6% 32.0% 39.71% 3
2015 5.9% -29.3% 50.4% 0.84% 1
2014 15.0% -54.8% 25.4% 1.32% 1
2013 31.7% -16.7% 57.2% 3.37% 1
2012 24.0% -16.2% 74.5% 2.78% 1

NAV & Total Return History

PRWCX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

PRWCX Category Low Category High PRWCX % Rank Quintile
Net Assets 29.6 B 81.4 K 121 B 0.46% 1
Number of Holdings 276 1 12849 8.78% 2
Net Assets in Top 10 9.86 B -654 M 23.3 B 0.50% 1
Weighting of Top 10 34.8% 0.2% 455.9% 20.77% 4

Top 10 Holdings

  1. Marsh & McLennan Companies Inc 2.87%
  2. Bank of New York Mellon Corp 2.26%
  3. Microsoft Corp 2.11%
  4. Abbott Laboratories 2.09%
  5. Alphabet Inc C 2.17%
  6. Fiserv Inc 2.75%
  7. Visa Inc Class A 2.65%
  8. Becton, Dickinson and Co 2.09%
  9. Reserve Invt Fds 13.67%
  10. Danaher Corp 2.16%

Asset Allocation

Weighting Category Low Category High PRWCX % Rank Quintile
Stocks
61.35% -1.21% 146.47% 12.56% 2
Bonds
20.23% -109.09% 124.94% 24.90% 4
Other
13.70% -6.08% 98.84% 2.06% 1
Preferred Stocks
3.56% -0.04% 119.94% 2.70% 1
Cash
0.62% -149.38% 110.98% 26.67% 5
Convertible Bonds
0.54% 0.00% 33.12% 5.63% 1

Stock Sector Breakdown

Weighting Category Low Category High PRWCX % Rank Quintile
Healthcare
16.70% -8.22% 31.05% 0.42% 1
Financial Services
11.19% -8.51% 69.58% 9.28% 2
Consumer Cyclical
9.82% -10.84% 54.37% 3.46% 1
Industrials
7.06% -2.74% 48.84% 9.65% 2
Technology
6.27% -6.57% 70.04% 18.11% 3
Consumer Defense
5.21% -2.25% 27.69% 6.70% 2
Utilities
2.10% -2.48% 47.20% 6.74% 2
Communication Services
1.64% -1.63% 27.16% 9.38% 3
Energy
1.36% -4.89% 33.81% 17.55% 4
Real Estate
0.00% -3.87% 87.96% 19.63% 5
Basic Materials
0.00% -2.54% 21.85% 18.89% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRWCX % Rank Quintile
US
57.09% -97.12% 143.85% 6.36% 1
Non US
4.26% -11.38% 150.81% 23.79% 4

Bond Sector Breakdown

Weighting Category Low Category High PRWCX % Rank Quintile
Corporate
23.35% 0.00% 212.43% 7.96% 2
Cash & Equivalents
0.62% -145.53% 110.98% 25.98% 5
Securitized
0.37% -0.01% 64.34% 22.74% 4
Derivative
0.00% -84.53% 24.98% 3.71% 4
Municipal
0.00% 0.00% 207.05% 7.46% 5
Government
0.00% -339.71% 106.48% 27.13% 5

Bond Geographic Breakdown

Weighting Category Low Category High PRWCX % Rank Quintile
US
18.11% -186.20% 130.41% 23.24% 4
Non US
2.12% -57.44% 165.66% 19.85% 4

PRWCX - Expenses

Operational Fees

PRWCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.70% 0.00% 165.34% 16.08% 2
Management Fee 0.59% 0.00% 2.55% 3.07% 4
12b-1 Fee 0.00% 0.00% 1.00% 2.09% 1
Administrative Fee 0.15% 0.00% 0.83% 1.46% 5

Sales Fees

PRWCX Fees (% of AUM) Category Low Category High PRWCX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PRWCX Fees (% of AUM) Category Low Category High PRWCX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRWCX Fees (% of AUM) Category Low Category High PRWCX Rank Quintile
Turnover 61.60% 0.00% 5910.00% 9.07% 4

PRWCX - Distributions

Dividend Yield Analysis

PRWCX Category Low Category High PRWCX % Rank Quintile
Dividend Yield 0.3% 0.00% 11.33% 21.54% 2

Dividend Distribution Analysis

PRWCX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRWCX Category Low Category High PRWCX % Rank Quintile
Net Income Ratio 1.69% -3.27% 12.91% 11.91% 2

Capital Gain Distribution Analysis

PRWCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRWCX - Managers

David R. Giroux

Manager

Start Date

Jun 30, 2006

Tenure

11.43

Tenure Rank

1.8%

David R. Giroux, CFA, is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. Mr. Giroux is a portfolio manager, Chief Investment Officer, U.S. Equity Multi-Discipline, and president and chairman of the Investment Advisory Committee. Mr. Giroux joined the firm in 1998 and, until 2006, had analytical responsibility for the firm’s investments in the industrials and automotive sectors. As an analyst, Mr. Giroux covered the automotive sector. Mr. Giroux has a B.A. in Finance and Political Economy from Hillsdale College. Mr. Giroux is also a chartered financial analyst.


Tenure Analysis

Category Low

0.0

Category High

49.6

Category Average

5.65

Category Mode

0.7