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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$35.90

$17.4 B

1.27%

$0.45

0.99%

Vitals

YTD Return

7.4%

1 yr return

15.0%

3 Yr Avg Return

7.2%

5 Yr Avg Return

9.5%

Net Assets

$17.4 B

Holdings in Top 10

23.6%

52 WEEK LOW AND HIGH

$35.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.99%

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 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$35.90

$17.4 B

1.27%

$0.45

0.99%

PAFDX - Profile

Distributions

  • YTD Total Return 7.4%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    T. Rowe Price Equity Income Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Mar 31, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John 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).

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PAFDX - Performance

Return Ranking - Trailing

Period PAFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -6.8% 36.1% 43.45%
1 Yr 15.0% -4.9% 44.2% 50.32%
3 Yr 7.2%* -3.9% 30.6% 53.86%
5 Yr 9.5%* -0.2% 43.9% 55.73%
10 Yr 7.8%* 0.9% 24.2% 60.57%

* Annualized

Return Ranking - Calendar

Period PAFDX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -16.9% 46.1% 69.44%
2022 -9.3% -64.7% 4.6% 29.24%
2021 15.1% -44.2% 57.5% 54.43%
2020 -2.6% -23.2% 285.0% 66.67%
2019 17.5% -21.4% 48.5% 64.24%

Total Return Ranking - Trailing

Period PAFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -6.8% 36.1% 43.45%
1 Yr 15.0% -4.9% 44.2% 50.32%
3 Yr 7.2%* -3.9% 30.6% 53.86%
5 Yr 9.5%* -0.2% 43.9% 55.73%
10 Yr 7.8%* 0.9% 24.2% 60.57%

* Annualized

Total Return Ranking - Calendar

Period PAFDX Return Category Return Low Category Return High Rank in Category (%)
2023 9.3% -15.9% 46.7% 64.47%
2022 -3.6% -42.0% 8.5% 31.35%
2021 25.3% 3.6% 129.7% 58.87%
2020 1.0% -22.6% 304.8% 68.50%
2019 26.2% -12.7% 52.1% 41.53%

NAV & Total Return History


PAFDX - Holdings

Concentration Analysis

PAFDX Category Low Category High PAFDX % Rank
Net Assets 17.4 B 1.69 M 163 B 8.12%
Number of Holdings 116 2 1683 26.96%
Net Assets in Top 10 4.29 B 435 K 38.9 B 8.48%
Weighting of Top 10 23.59% 4.8% 98.8% 73.71%

Top 10 Holdings

  1. QUALCOMM INC 2.97%
  2. WELLS FARGO CO 2.97%
  3. AMERICAN INTERNATIONAL GROUP INC 2.43%
  4. GENERAL ELECTRIC CO 2.42%
  5. ELEVANCE HEALTH INC 2.42%
  6. SOUTHERN CO/THE 2.27%
  7. CHUBB LTD 2.19%
  8. TOTALENERGIES SE 2.15%
  9. NEWS CORP 2.06%
  10. CF INDUSTRIES HOLDINGS INC 1.71%

Asset Allocation

Weighting Return Low Return High PAFDX % Rank
Stocks
97.56% 2.48% 108.67% 66.64%
Preferred Stocks
1.34% 0.00% 14.68% 4.06%
Cash
1.10% 0.00% 20.27% 53.47%
Convertible Bonds
0.32% 0.00% 3.66% 3.26%
Other
0.00% -1.68% 42.55% 78.18%
Bonds
0.00% -1.92% 77.58% 74.30%

Stock Sector Breakdown

Weighting Return Low Return High PAFDX % Rank
Financial Services
21.90% 0.00% 58.05% 24.48%
Healthcare
17.83% 0.00% 30.08% 49.95%
Industrials
10.76% 0.00% 42.76% 57.05%
Utilities
9.52% 0.00% 27.04% 8.01%
Technology
8.33% 0.00% 54.02% 75.89%
Energy
6.80% 0.00% 54.00% 69.24%
Consumer Defense
6.65% 0.00% 34.10% 73.34%
Consumer Cyclical
5.29% 0.00% 22.74% 56.60%
Real Estate
4.58% 0.00% 90.54% 25.57%
Communication Services
4.53% 0.00% 26.58% 65.70%
Basic Materials
3.81% 0.00% 21.69% 39.58%

Stock Geographic Breakdown

Weighting Return Low Return High PAFDX % Rank
US
92.63% 2.48% 108.67% 78.54%
Non US
4.93% 0.00% 26.07% 14.97%

PAFDX - Expenses

Operational Fees

PAFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.03% 14.82% 44.89%
Management Fee 0.53% 0.00% 1.50% 40.05%
12b-1 Fee 0.25% 0.00% 1.00% 50.96%
Administrative Fee 0.15% 0.00% 0.50% 73.79%

Sales Fees

PAFDX 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

PAFDX 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.

PAFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.40% 0.00% 488.00% 21.14%

PAFDX - Distributions

Dividend Yield Analysis

PAFDX Category Low Category High PAFDX % Rank
Dividend Yield 1.27% 0.00% 16.67% 21.39%

Dividend Distribution Analysis

PAFDX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual SemiAnnual Annual

Net Income Ratio Analysis

PAFDX Category Low Category High PAFDX % Rank
Net Income Ratio 1.39% -1.51% 4.28% 47.05%

Capital Gain Distribution Analysis

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

Distributions History

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PAFDX - 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 7.96 6.71