T. Rowe Price Capital Appreciation Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.6%
1 yr return
20.2%
3 Yr Avg Return
5.5%
5 Yr Avg Return
10.9%
Net Assets
$59 B
Holdings in Top 10
31.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 47.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PACLX - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 10.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.66%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price Capital Appreciation Fund
-
Fund Family NameTROWEPRICE
-
Inception DateDec 31, 2004
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Giroux
Fund Description
The fund normally invests at least 50% of its total assets in stocks and the remaining assets are generally invested in corporate and government debt (including mortgage- and asset-backed securities), convertible securities, and bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders) in keeping with the fund’s objective. The fund may also invest up to 25% of its total assets in foreign securities.
The fund’s investments in stocks generally fall into one of two categories: the larger category comprises long-term core holdings whose prices when purchased are considered low in terms of company assets, earnings, or other factors; the smaller category comprises opportunistic investments whose prices the adviser expects to rise in the short term but not necessarily over the long term. There are no limits on the market capitalization of the issuers of the stocks in which the fund invests. Since the adviser attempts to prevent losses as well as achieve gains, the adviser typically uses a value approach in selecting investments. The adviser’s in-house research team seeks to identify companies that seem undervalued by various measures, such as price/book value, and may be temporarily out of favor but have good prospects for capital appreciation. The adviser may establish relatively large positions in companies it finds particularly attractive.
In addition, the adviser searches for attractive risk/reward values among all types of securities. The portion of the fund’s investment in a particular type of security, such as common stocks, results largely from case-by-case investment decisions, and the size of the fund’s cash reserves may reflect the portfolio manager’s ability to find companies that meet valuation criteria rather than his market outlook.
The fund may purchase bonds, convertible securities, and bank loans for their income or other features or to gain additional exposure to a company. Maturity and quality are not necessarily
major considerations and there are no limits on the maturities or credit ratings of the debt instruments in which the fund invests. The fund may invest up to 30% of its total assets in below investment-grade corporate bonds (also known as “junk bonds”) and other debt instruments that are rated below investment grade. If a security is split rated (i.e., rated investment grade by at least one rating agency and below investment grade by another rating agency), the higher rating will be used for purposes of this requirement.
PACLX - Performance
Return Ranking - Trailing
Period | PACLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -7.8% | 58.7% | 32.27% |
1 Yr | 20.2% | -2.4% | 67.1% | 40.67% |
3 Yr | 5.5%* | -5.1% | 14.3% | 3.56% |
5 Yr | 10.9%* | -3.0% | 19.9% | 3.36% |
10 Yr | 9.3%* | 0.9% | 12.0% | 2.82% |
* Annualized
Return Ranking - Calendar
Period | PACLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.0% | -12.2% | 23.9% | 12.41% |
2022 | -19.7% | -34.7% | 2.8% | 65.54% |
2021 | 8.3% | -11.9% | 18.1% | 33.08% |
2020 | 9.1% | -20.9% | 39.7% | 37.94% |
2019 | 17.5% | 0.8% | 25.7% | 12.42% |
Total Return Ranking - Trailing
Period | PACLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -7.8% | 58.7% | 32.27% |
1 Yr | 20.2% | -2.4% | 67.1% | 40.67% |
3 Yr | 5.5%* | -5.1% | 14.3% | 3.56% |
5 Yr | 10.9%* | -3.0% | 19.9% | 3.36% |
10 Yr | 9.3%* | 0.9% | 12.0% | 2.82% |
* Annualized
Total Return Ranking - Calendar
Period | PACLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.5% | -12.2% | 26.8% | 8.95% |
2022 | -12.2% | -29.0% | 10.9% | 26.83% |
2021 | 18.2% | -3.0% | 27.3% | 5.01% |
2020 | 17.8% | -19.5% | 40.6% | 12.38% |
2019 | 24.2% | 2.2% | 32.7% | 5.39% |
NAV & Total Return History
PACLX - Holdings
Concentration Analysis
PACLX | Category Low | Category High | PACLX % Rank | |
---|---|---|---|---|
Net Assets | 59 B | 789 K | 230 B | 4.30% |
Number of Holdings | 300 | 2 | 16015 | 31.46% |
Net Assets in Top 10 | 19.4 B | 577 K | 69.8 B | 4.04% |
Weighting of Top 10 | 31.45% | 10.8% | 122.7% | 69.84% |
Top 10 Holdings
- MICROSOFT CORP 5.52%
- T. Rowe Price Government Reserve Fund 4.28%
- UNITED STATES TREASURY NOTE/BOND 3.67%
- UNITED STATES TREASURY NOTE/BOND 3.48%
- ALPHABET INC 2.75%
- AMAZON.COM INC 2.69%
- UNITEDHEALTH GROUP INC 2.57%
- NVIDIA CORP 2.47%
- INTUIT INC 2.02%
- UNITED STATES TREASURY NOTE/BOND 1.99%
Asset Allocation
Weighting | Return Low | Return High | PACLX % Rank | |
---|---|---|---|---|
Stocks | 62.07% | 0.00% | 100.16% | 67.24% |
Bonds | 30.42% | 0.00% | 74.58% | 32.90% |
Cash | 7.37% | -7.92% | 100.00% | 15.30% |
Convertible Bonds | 0.54% | 0.00% | 23.84% | 44.48% |
Preferred Stocks | 0.34% | 0.00% | 23.91% | 10.10% |
Other | -0.19% | -42.55% | 113.97% | 98.99% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PACLX % Rank | |
---|---|---|---|---|
Healthcare | 23.66% | 0.00% | 29.35% | 1.31% |
Technology | 22.21% | 0.00% | 44.21% | 27.70% |
Consumer Cyclical | 15.19% | 0.00% | 19.36% | 2.62% |
Industrials | 12.63% | 0.00% | 24.37% | 14.72% |
Financial Services | 10.82% | 0.00% | 38.77% | 89.80% |
Communication Services | 6.52% | 0.00% | 38.10% | 64.14% |
Utilities | 4.88% | 0.00% | 99.55% | 16.33% |
Consumer Defense | 2.79% | 0.00% | 15.14% | 90.23% |
Basic Materials | 1.30% | 0.00% | 33.35% | 90.09% |
Real Estate | 0.00% | 0.00% | 65.01% | 99.56% |
Energy | 0.00% | 0.00% | 85.65% | 99.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PACLX % Rank | |
---|---|---|---|---|
US | 62.07% | 0.00% | 100.16% | 63.49% |
Non US | 0.00% | 0.00% | 39.06% | 87.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PACLX % Rank | |
---|---|---|---|---|
Corporate | 57.43% | 0.00% | 98.21% | 16.13% |
Government | 17.09% | 0.00% | 97.26% | 71.22% |
Cash & Equivalents | 4.28% | 0.00% | 99.92% | 23.23% |
Securitized | 0.57% | 0.00% | 92.13% | 84.59% |
Municipal | 0.00% | 0.00% | 24.80% | 92.44% |
Derivative | -0.25% | -2.87% | 42.43% | 98.12% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PACLX % Rank | |
---|---|---|---|---|
US | 30.30% | 0.00% | 74.58% | 31.89% |
Non US | 0.11% | 0.00% | 15.37% | 9.81% |
PACLX - Expenses
Operational Fees
PACLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.99% | 0.03% | 17.63% | 49.78% |
Management Fee | 0.59% | 0.00% | 1.83% | 70.34% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.51% |
Administrative Fee | 0.15% | 0.01% | 0.83% | 75.94% |
Sales Fees
PACLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PACLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
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.
PACLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 47.80% | 0.00% | 343.00% | 59.94% |
PACLX - Distributions
Dividend Yield Analysis
PACLX | Category Low | Category High | PACLX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.68% | 0.00% | 17.90% | 17.34% |
Dividend Distribution Analysis
PACLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
PACLX | Category Low | Category High | PACLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.66% | -2.34% | 19.41% | 75.62% |
Capital Gain Distribution Analysis
PACLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 19, 2023 | $0.633 | OrdinaryDividend |
Dec 19, 2023 | $0.115 | CapitalGainShortTerm |
Dec 19, 2023 | $0.578 | CapitalGainLongTerm |
Dec 19, 2022 | $2.739 | OrdinaryDividend |
Dec 14, 2021 | $3.290 | OrdinaryDividend |
Dec 14, 2020 | $2.620 | OrdinaryDividend |
Dec 13, 2019 | $0.390 | OrdinaryDividend |
Dec 13, 2019 | $0.370 | CapitalGainShortTerm |
Dec 13, 2019 | $0.970 | CapitalGainLongTerm |
Dec 13, 2018 | $0.030 | CapitalGainShortTerm |
Dec 13, 2018 | $1.280 | CapitalGainLongTerm |
Dec 13, 2018 | $0.570 | OrdinaryDividend |
Dec 14, 2017 | $0.430 | CapitalGainShortTerm |
Dec 14, 2017 | $1.130 | CapitalGainLongTerm |
Dec 14, 2017 | $0.270 | OrdinaryDividend |
Dec 14, 2016 | $0.510 | CapitalGainLongTerm |
Dec 14, 2016 | $0.320 | OrdinaryDividend |
Dec 12, 2014 | $0.600 | CapitalGainShortTerm |
Dec 12, 2014 | $1.650 | CapitalGainLongTerm |
Dec 12, 2014 | $0.300 | OrdinaryDividend |
Dec 13, 2013 | $0.410 | CapitalGainShortTerm |
Dec 13, 2013 | $0.840 | CapitalGainLongTerm |
Dec 13, 2013 | $0.230 | OrdinaryDividend |
Dec 14, 2012 | $0.330 | CapitalGainShortTerm |
Dec 14, 2012 | $0.650 | CapitalGainLongTerm |
Dec 14, 2012 | $0.350 | OrdinaryDividend |
Dec 14, 2011 | $0.270 | OrdinaryDividend |
Dec 14, 2010 | $0.050 | CapitalGainShortTerm |
Dec 14, 2010 | $0.300 | OrdinaryDividend |
Dec 14, 2009 | $0.360 | OrdinaryDividend |
Dec 12, 2008 | $0.140 | CapitalGainLongTerm |
Dec 12, 2008 | $0.340 | OrdinaryDividend |
Dec 18, 2007 | $0.170 | CapitalGainShortTerm |
Dec 18, 2007 | $0.950 | CapitalGainLongTerm |
Dec 18, 2007 | $0.470 | OrdinaryDividend |
Dec 19, 2006 | $0.080 | CapitalGainShortTerm |
Dec 19, 2006 | $1.780 | CapitalGainLongTerm |
Dec 19, 2006 | $0.460 | OrdinaryDividend |
PACLX - Fund Manager Analysis
Managers
David Giroux
Start Date
Tenure
Tenure Rank
Jun 30, 2006
15.93
15.9%
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 | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.36 | 2.41 |