PRWCX: T. Rowe Price Capital Appreciation

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PRWCX T. Rowe Price Capital Appreciation

  • Fund
  • PRWCX
  • Price as of: Dec 12, 2019
  • $32.68
    + $0.14 + 0.43%

Profile

PRWCX - Profile

Vitals

  • YTD Return 23.2%
  • 3 Yr Annualized Return 6.2%
  • 5 Yr Annualized Return 5.0%
  • Net Assets $37.3 B
  • Holdings in Top 10 29.1%

52 WEEK LOW AND HIGH

$32.68
$25.41
$32.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

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

BROKERAGE FEES

  • Turnover 65.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 30, 2014
  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 23.2%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.49%
DIVIDENDS
  • Dividend Yield 2.1%
  • 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.


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Categories

Fund Company Quick Screens

PRWCX - Fund Company Quick Screens


Performance

PRWCX - Performance

Return Ranking - Trailing

Period PRWCX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.2% -47.2% 43.0% 1.63%
1 Yr 19.7% -40.9% 25.8% 1.73%
3 Yr 6.2%* -35.4% 14.5% 19.72%
5 Yr 5.0%* -40.5% 14.2% 15.08%
10 Yr 5.9%* -38.9% 17.9% 29.16%

* Annualized

Return Ranking - Calendar

Period PRWCX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -31.8% 19.0% 17.75%
2017 8.0% -44.7% 46.3% 33.25%
2016 4.6% -84.5% 146.1% 39.22%
2015 -4.1% -40.7% 14.6% 24.66%
2014 1.8% -35.0% 306.6% 42.38%

Total Return Ranking - Trailing

Period PRWCX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.2% -47.2% 43.0% 1.63%
1 Yr 19.7% -40.9% 25.8% 1.73%
3 Yr 6.2%* -35.4% 14.5% 34.24%
5 Yr 5.0%* -40.5% 14.2% 37.17%
10 Yr 5.9%* -38.9% 18.8% 60.16%

* Annualized

Total Return Ranking - Calendar

Period PRWCX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -27.4% 19.0% 44.87%
2017 8.0% -44.7% 46.3% 66.39%
2016 4.6% -84.5% 146.1% 68.31%
2015 -4.1% -36.9% 14.6% 65.29%
2014 1.8% -35.0% 306.6% 81.13%

NAV & Total Return History


Holdings

PRWCX - Holdings

Concentration Analysis

PRWCX Category Low Category High PRWCX % Rank
Net Assets 37.3 B 619 K 157 B 3.40%
Number of Holdings 286 2 13643 41.63%
Net Assets in Top 10 9.97 B -206 M 29 B 2.86%
Weighting of Top 10 29.11% 8.9% 210.3% 58.05%

Top 10 Holdings

  1. Microsoft Corp 4.00%
  2. Danaher Corp 3.13%
  3. Fiserv Inc 3.12%
  4. General Electric Co 3.05%
  5. Marsh & McLennan Companies Inc 3.00%
  6. PerkinElmer Inc 2.94%
  7. Visa Inc Class A 2.80%
  8. Becton, Dickinson and Co 2.47%
  9. Alphabet Inc Class C 2.33%
  10. Thermo Fisher Scientific Inc 2.28%

Asset Allocation

Weighting Return Low Return High PRWCX % Rank
Stocks
56.76% -41.01% 77.78% 34.96%
Bonds
23.03% -4.12% 79.17% 91.42%
Cash
14.89% -110.26% 61.28% 15.36%
Preferred Stocks
5.32% 0.00% 49.94% 6.57%
Other
0.00% -41.44% 209.72% 65.68%
Convertible Bonds
0.00% 0.00% 75.96% 83.26%

Stock Sector Breakdown

Weighting Return Low Return High PRWCX % Rank
Technology
14.46% -6.80% 28.79% 8.21%
Healthcare
11.41% -6.04% 20.92% 2.77%
Industrials
9.42% -2.39% 24.85% 5.44%
Financial Services
8.89% -7.21% 30.29% 34.97%
Utilities
7.60% -2.30% 64.34% 2.13%
Consumer Cyclical
4.05% -10.41% 25.25% 48.19%
Consumer Defense
0.79% -2.62% 12.35% 84.54%
Real Estate
0.55% -8.18% 51.84% 79.32%
Basic Materials
0.27% -2.22% 15.06% 86.14%
Energy
0.23% -2.02% 68.57% 90.62%
Communication Services
0.00% -2.17% 11.77% 94.35%

Stock Geographic Breakdown

Weighting Return Low Return High PRWCX % Rank
US
55.75% -41.02% 75.95% 17.69%
Non US
1.01% -2.09% 29.45% 80.61%

Bond Sector Breakdown

Weighting Return Low Return High PRWCX % Rank
Corporate
27.93% 0.00% 84.75% 22.46%
Cash & Equivalents
14.89% -110.26% 72.04% 15.68%
Securitized
0.41% 0.00% 45.59% 74.79%
Derivative
0.00% -19.91% 2.88% 35.81%
Municipal
0.00% 0.00% 58.76% 65.47%
Government
0.00% -45.95% 75.63% 90.15%

Bond Geographic Breakdown

Weighting Return Low Return High PRWCX % Rank
US
21.86% -5.38% 87.85% 90.04%
Non US
1.17% -14.01% 19.86% 80.72%

Expenses

PRWCX - Expenses

Operational Fees

PRWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.00% 18.45% 70.44%
Management Fee 0.59% 0.00% 2.00% 55.99%
12b-1 Fee 0.00% 0.00% 1.00% 5.37%
Administrative Fee 0.15% 0.00% 0.83% 67.99%

Sales Fees

PRWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PRWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

PRWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.20% 0.00% 1504.00% 61.00%

Distributions

PRWCX - Distributions

Dividend Yield Analysis

PRWCX Category Low Category High PRWCX % Rank
Dividend Yield 2.05% 0.00% 10.97% 8.79%

Dividend Distribution Analysis

PRWCX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

PRWCX Category Low Category High PRWCX % Rank
Net Income Ratio 2.49% -4.40% 6.65% 20.93%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRWCX - Fund Manager Analysis

Managers

David R. Giroux


Start Date

Tenure

Tenure Rank

Jun 30, 2006

13.43

13.4%

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
0.0 35.94 6.98 7.54