T. Rowe Price Equity Income Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.6%
1 yr return
12.3%
3 Yr Avg Return
5.8%
5 Yr Avg Return
8.1%
Net Assets
$17.4 B
Holdings in Top 10
19.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.40%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RRFDX - Profile
Distributions
- YTD Total Return 11.6%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.11%
- Dividend Yield 1.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameT. Rowe Price Equity Income Fund
-
Fund Family NameTROWEPRICE
-
Inception DateSep 30, 2002
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Linehan
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in common stocks, with an emphasis on large-cap stocks that have a strong track record of paying dividends or that are believed to be undervalued.
The fund typically employs a “value” approach in selecting investments. The adviser’s in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.
In selecting investments, the adviser generally looks for companies in the aggregate with one or more of the following:
·an established operating history;
·above-average dividend yield relative to the broader equity market;
·low price/earnings ratio relative to the broader equity market;
·a sound balance sheet and other positive financial characteristics; or
·low stock price relative to a company’s underlying value as measured by assets, cash flow, or business franchises.
The adviser generally seeks investments in large-cap companies and the fund’s yield, which reflects the level of dividends paid by the fund, is expected to normally exceed the yield of the Russell 1000® Value Index.
At times, the fund may have a significant portion of its assets invested in the same economic sector.
While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s).
RRFDX - Performance
Return Ranking - Trailing
Period | RRFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -32.9% | 48.1% | 72.45% |
1 Yr | 12.3% | -32.6% | 48.2% | 73.10% |
3 Yr | 5.8%* | -9.3% | 17.8% | 64.83% |
5 Yr | 8.1%* | -2.1% | 43.8% | 70.48% |
10 Yr | 8.3%* | 1.2% | 24.7% | 51.89% |
* Annualized
Return Ranking - Calendar
Period | RRFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.0% | -16.9% | 46.1% | 69.98% |
2022 | -9.3% | -64.7% | 4.6% | 30.13% |
2021 | 15.1% | -44.2% | 57.5% | 55.83% |
2020 | -2.6% | -23.2% | 285.0% | 66.67% |
2019 | 17.5% | -21.4% | 48.5% | 63.29% |
Total Return Ranking - Trailing
Period | RRFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.6% | -32.9% | 48.1% | 72.45% |
1 Yr | 12.3% | -32.6% | 48.2% | 73.10% |
3 Yr | 5.8%* | -9.3% | 17.8% | 64.83% |
5 Yr | 8.1%* | -2.1% | 43.8% | 70.48% |
10 Yr | 8.3%* | 1.2% | 24.7% | 51.89% |
* Annualized
Total Return Ranking - Calendar
Period | RRFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.1% | -15.9% | 46.7% | 67.73% |
2022 | -3.8% | -42.0% | 8.5% | 33.08% |
2021 | 24.9% | 3.6% | 129.7% | 63.47% |
2020 | 0.7% | -22.6% | 304.8% | 71.18% |
2019 | 32.1% | -12.7% | 52.1% | 3.83% |
NAV & Total Return History
RRFDX - Holdings
Concentration Analysis
RRFDX | Category Low | Category High | RRFDX % Rank | |
---|---|---|---|---|
Net Assets | 17.4 B | 2.09 M | 163 B | 9.07% |
Number of Holdings | 122 | 2 | 1727 | 25.44% |
Net Assets in Top 10 | 3.62 B | 466 K | 39.5 B | 10.20% |
Weighting of Top 10 | 19.95% | 4.4% | 99.1% | 88.57% |
Top 10 Holdings
- ELEVANCE HEALTH INC 2.26%
- SOUTHERN CO/THE 2.23%
- METLIFE INC 2.08%
- CHUBB LTD 2.04%
- GENERAL ELECTRIC CO 2.04%
- WELLS FARGO CO 1.98%
- QUALCOMM INC 1.95%
- AMERICAN INTERNATIONAL GROUP INC 1.83%
- L3HARRIS TECHNOLOGIES INC 1.81%
- PHILIP MORRIS INTERNATIONAL INC 1.72%
Asset Allocation
Weighting | Return Low | Return High | RRFDX % Rank | |
---|---|---|---|---|
Stocks | 97.71% | 4.16% | 102.49% | 59.31% |
Cash | 1.26% | 0.00% | 17.28% | 55.00% |
Preferred Stocks | 1.03% | 0.00% | 13.68% | 5.33% |
Convertible Bonds | 0.32% | 0.00% | 3.66% | 3.10% |
Other | 0.00% | -2.59% | 39.89% | 50.80% |
Bonds | 0.00% | 0.00% | 97.99% | 37.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RRFDX % Rank | |
---|---|---|---|---|
Financial Services | 21.90% | 0.00% | 58.05% | 25.12% |
Healthcare | 17.83% | 0.00% | 30.08% | 49.86% |
Industrials | 10.76% | 0.00% | 42.76% | 56.28% |
Utilities | 9.52% | 0.00% | 27.04% | 8.03% |
Technology | 8.33% | 0.00% | 54.02% | 75.26% |
Energy | 6.80% | 0.00% | 54.00% | 69.22% |
Consumer Defense | 6.65% | 0.00% | 34.10% | 73.18% |
Consumer Cyclical | 5.29% | 0.00% | 22.74% | 56.00% |
Real Estate | 4.58% | 0.00% | 90.54% | 24.74% |
Communication Services | 4.53% | 0.00% | 26.58% | 65.82% |
Basic Materials | 3.81% | 0.00% | 20.01% | 39.00% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RRFDX % Rank | |
---|---|---|---|---|
US | 93.33% | 4.16% | 102.49% | 75.49% |
Non US | 4.38% | 0.00% | 24.08% | 16.09% |
RRFDX - Expenses
Operational Fees
RRFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.25% | 0.03% | 14.82% | 25.63% |
Management Fee | 0.53% | 0.00% | 1.50% | 42.12% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 66.24% |
Administrative Fee | 0.15% | 0.00% | 0.50% | 70.81% |
Sales Fees
RRFDX 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 | 0.95% | 5.00% | N/A |
Trading Fees
RRFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
RRFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 19.40% | 0.00% | 488.00% | 21.53% |
RRFDX - Distributions
Dividend Yield Analysis
RRFDX | Category Low | Category High | RRFDX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.92% | 0.00% | 16.67% | 22.66% |
Dividend Distribution Analysis
RRFDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Semi-Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
RRFDX | Category Low | Category High | RRFDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.11% | -1.51% | 4.28% | 63.51% |
Capital Gain Distribution Analysis
RRFDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 12, 2024 | $0.165 | OrdinaryDividend |
Dec 12, 2024 | $2.351 | CapitalGainLongTerm |
Sep 26, 2024 | $0.116 | OrdinaryDividend |
Mar 26, 2024 | $0.093 | OrdinaryDividend |
Dec 13, 2023 | $0.152 | OrdinaryDividend |
Dec 13, 2023 | $0.078 | CapitalGainShortTerm |
Dec 13, 2023 | $1.300 | CapitalGainLongTerm |
Sep 27, 2023 | $0.121 | OrdinaryDividend |
Jun 28, 2023 | $0.152 | OrdinaryDividend |
Mar 29, 2023 | $0.107 | OrdinaryDividend |
Dec 13, 2022 | $1.666 | OrdinaryDividend |
Sep 28, 2022 | $0.116 | OrdinaryDividend |
Jun 28, 2022 | $0.120 | OrdinaryDividend |
Mar 29, 2022 | $0.100 | OrdinaryDividend |
Dec 13, 2021 | $2.660 | OrdinaryDividend |
Sep 28, 2021 | $0.120 | OrdinaryDividend |
Jun 28, 2021 | $0.100 | OrdinaryDividend |
Mar 29, 2021 | $0.080 | OrdinaryDividend |
Dec 11, 2020 | $0.570 | OrdinaryDividend |
Sep 28, 2020 | $0.130 | OrdinaryDividend |
Jun 26, 2020 | $0.140 | OrdinaryDividend |
Mar 27, 2020 | $0.100 | OrdinaryDividend |
Dec 12, 2019 | $1.810 | OrdinaryDividend |
Dec 12, 2019 | $0.010 | CapitalGainShortTerm |
Dec 12, 2019 | $1.620 | CapitalGainLongTerm |
Sep 26, 2019 | $0.140 | OrdinaryDividend |
Jun 26, 2019 | $0.130 | OrdinaryDividend |
Mar 27, 2019 | $0.120 | OrdinaryDividend |
Dec 12, 2018 | $0.190 | OrdinaryDividend |
Dec 12, 2018 | $0.010 | CapitalGainShortTerm |
Dec 12, 2018 | $2.380 | CapitalGainLongTerm |
Sep 26, 2018 | $0.120 | OrdinaryDividend |
Jun 27, 2018 | $0.150 | OrdinaryDividend |
Mar 27, 2018 | $0.070 | OrdinaryDividend |
Dec 13, 2017 | $0.150 | OrdinaryDividend |
Dec 13, 2017 | $0.090 | CapitalGainShortTerm |
Dec 13, 2017 | $2.430 | CapitalGainLongTerm |
Sep 27, 2017 | $0.140 | OrdinaryDividend |
Jun 28, 2017 | $0.120 | OrdinaryDividend |
Mar 29, 2017 | $0.060 | OrdinaryDividend |
Dec 13, 2016 | $0.230 | OrdinaryDividend |
Dec 13, 2016 | $0.060 | CapitalGainShortTerm |
Dec 13, 2016 | $1.650 | CapitalGainLongTerm |
Sep 28, 2016 | $0.140 | OrdinaryDividend |
Jun 28, 2016 | $0.130 | OrdinaryDividend |
Mar 29, 2016 | $0.060 | OrdinaryDividend |
Dec 11, 2015 | $0.150 | OrdinaryDividend |
Dec 11, 2015 | $1.480 | CapitalGainLongTerm |
Sep 28, 2015 | $0.130 | OrdinaryDividend |
Jun 26, 2015 | $0.130 | OrdinaryDividend |
Mar 27, 2015 | $0.060 | OrdinaryDividend |
Dec 11, 2014 | $0.120 | OrdinaryDividend |
Dec 11, 2014 | $1.780 | CapitalGainLongTerm |
Sep 26, 2014 | $0.090 | OrdinaryDividend |
Jun 26, 2014 | $0.120 | OrdinaryDividend |
Mar 27, 2014 | $0.150 | OrdinaryDividend |
Dec 12, 2013 | $0.090 | OrdinaryDividend |
Dec 12, 2013 | $0.850 | CapitalGainLongTerm |
Sep 26, 2013 | $0.100 | OrdinaryDividend |
Jun 26, 2013 | $0.100 | OrdinaryDividend |
Mar 26, 2013 | $0.090 | OrdinaryDividend |
Dec 13, 2012 | $0.120 | OrdinaryDividend |
Sep 26, 2012 | $0.100 | OrdinaryDividend |
Jun 27, 2012 | $0.100 | OrdinaryDividend |
Dec 13, 2011 | $0.100 | OrdinaryDividend |
Sep 28, 2011 | $0.090 | OrdinaryDividend |
Jun 28, 2011 | $0.080 | OrdinaryDividend |
Mar 29, 2011 | $0.050 | OrdinaryDividend |
Dec 13, 2010 | $0.090 | OrdinaryDividend |
Sep 28, 2010 | $0.110 | OrdinaryDividend |
Jun 28, 2010 | $0.070 | OrdinaryDividend |
Mar 29, 2010 | $0.070 | OrdinaryDividend |
Dec 11, 2009 | $0.070 | OrdinaryDividend |
Sep 28, 2009 | $0.060 | OrdinaryDividend |
Jun 26, 2009 | $0.080 | OrdinaryDividend |
Mar 27, 2009 | $0.090 | OrdinaryDividend |
Dec 12, 2008 | $0.140 | OrdinaryDividend |
Sep 26, 2008 | $0.130 | OrdinaryDividend |
Jun 26, 2008 | $0.110 | OrdinaryDividend |
Mar 27, 2008 | $0.110 | OrdinaryDividend |
Mar 27, 2008 | $0.040 | CapitalGainShortTerm |
Mar 27, 2008 | $0.670 | CapitalGainLongTerm |
Dec 18, 2007 | $0.120 | OrdinaryDividend |
Dec 18, 2007 | $0.060 | CapitalGainShortTerm |
Dec 18, 2007 | $1.410 | CapitalGainLongTerm |
Sep 26, 2007 | $0.120 | OrdinaryDividend |
Jun 27, 2007 | $0.110 | OrdinaryDividend |
Mar 28, 2007 | $0.080 | OrdinaryDividend |
Mar 28, 2007 | $0.360 | CapitalGainLongTerm |
Dec 19, 2006 | $0.070 | CapitalGainShortTerm |
Dec 19, 2006 | $0.120 | OrdinaryDividend |
Dec 19, 2006 | $0.630 | CapitalGainLongTerm |
Sep 27, 2006 | $0.090 | OrdinaryDividend |
Jun 28, 2006 | $0.090 | OrdinaryDividend |
Mar 29, 2006 | $0.070 | OrdinaryDividend |
Mar 29, 2006 | $0.030 | CapitalGainShortTerm |
Mar 29, 2006 | $0.060 | CapitalGainLongTerm |
Dec 13, 2005 | $0.120 | OrdinaryDividend |
Dec 13, 2005 | $0.100 | CapitalGainShortTerm |
Dec 13, 2005 | $1.020 | CapitalGainLongTerm |
Sep 28, 2005 | $0.080 | OrdinaryDividend |
Jun 28, 2005 | $0.080 | OrdinaryDividend |
Mar 29, 2005 | $0.070 | OrdinaryDividend |
Mar 29, 2005 | $0.030 | CapitalGainShortTerm |
Mar 29, 2005 | $0.180 | CapitalGainLongTerm |
Dec 14, 2004 | $0.130 | OrdinaryDividend |
Dec 14, 2004 | $0.100 | CapitalGainShortTerm |
Dec 14, 2004 | $0.420 | CapitalGainLongTerm |
Sep 28, 2004 | $0.060 | OrdinaryDividend |
Jun 28, 2004 | $0.080 | OrdinaryDividend |
Mar 29, 2004 | $0.050 | OrdinaryDividend |
Mar 29, 2004 | $0.030 | CapitalGainShortTerm |
Mar 29, 2004 | $0.170 | CapitalGainLongTerm |
Dec 17, 2003 | $0.100 | OrdinaryDividend |
Dec 17, 2003 | $0.190 | CapitalGainLongTerm |
Dec 17, 2003 | $0.060 | CapitalGainShortTerm |
Sep 26, 2003 | $0.080 | OrdinaryDividend |
Jun 26, 2003 | $0.070 | OrdinaryDividend |
Mar 27, 2003 | $0.060 | OrdinaryDividend |
Mar 27, 2003 | $0.020 | CapitalGainLongTerm |
Dec 18, 2002 | $0.110 | OrdinaryDividend |
Dec 18, 2002 | $0.010 | CapitalGainShortTerm |
Dec 18, 2002 | $0.340 | CapitalGainLongTerm |
RRFDX - Fund Manager Analysis
Managers
John Linehan
Start Date
Tenure
Tenure Rank
Nov 01, 2015
6.58
6.6%
John Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy for T. Rowe Price. In addition, he is the chief investment officer of Equity and a member of the firm's US Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. Mr. Linehan is Chairman of the Investment Advisory Committee at T. Rowe. He is a large-cap value portfolio manager in the U.S. Equity Division and also co-chair of the Investment Advisory Committee for the Institutional Large-Cap Value Strategy. From February 2010 to June 2014, Mr. Linehan was head of U.S. Equity and chairman of the U.S. Equity Steering Committee. He is a member of the firm's U.S. Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. He earned a B.A. from Amherst College and an M.B.A. from Stanford University, where he was the Henry Ford II Scholar, an Arjay Miller Scholar, and the winner of the Alexander A. Robichek Award in finance. Mr. Linehan is a CFA® charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.12 | 6.71 |