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Trending ETFs

Name

As of 05/17/2024

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

$65.44

$923 M

0.00%

0.83%

Vitals

YTD Return

14.5%

1 yr return

34.8%

3 Yr Avg Return

8.4%

5 Yr Avg Return

15.5%

Net Assets

$923 M

Holdings in Top 10

49.2%

52 WEEK LOW AND HIGH

$65.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.83%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.60%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

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

$65.44

$923 M

0.00%

0.83%

PREFX - Profile

Distributions

  • YTD Total Return 14.5%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 15.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    T. Rowe Price Tax-Efficient Equity Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Dec 29, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Donald Peters

Fund Description

The fund seeks to buy, and hold for the long term, stocks of attractively valued, high-quality growth companies. Stock selection is based on a combination of fundamental, bottom-up analysis and top-down quantitative strategies in an effort to identify companies with superior long-term appreciation prospects. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities.

The fund’s goal is to generate competitive pretax performance and to outperform on an after-tax basis over a full market cycle. In an effort to achieve strong after-tax returns, the fund seeks to minimize realizing capital gain distributions by limiting sales of existing holdings and not rotating from one sector to another in an attempt to capture short-term outperformance. However, taxable gains may be realized in order to satisfy redemption requests or when the fund believes the benefits of selling a security outweighs tax considerations. As appropriate, the fund may attempt to use losses from sales of securities that have declined to offset future gains that would otherwise be taxable.

The fund typically uses a growth approach in selecting investments by looking for companies with one or more of the following characteristics: a demonstrated ability to consistently increase revenues, earnings, and cash flow; strong management; attractive business niches; and a sustainable competitive advantage. Valuation measures, such as a company’s price/earnings ratio relative to the market and its own growth rate, are also considered. The fund will typically limit holdings of high-yielding stocks, but the payment of dividends—even above-average dividends—does not disqualify a stock from consideration. Most holdings are expected to have relatively low dividend yields.

The fund typically invests in stocks of large-cap and mid-cap companies (although companies of any size may be purchased).

At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology 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).

Read More

PREFX - Performance

Return Ranking - Trailing

Period PREFX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -11.0% 25.9% 31.00%
1 Yr 34.8% -12.6% 63.0% 47.68%
3 Yr 8.4%* -27.1% 25.1% 38.46%
5 Yr 15.5%* -14.5% 29.5% 42.94%
10 Yr 14.6%* -5.0% 19.6% 28.43%

* Annualized

Return Ranking - Calendar

Period PREFX Return Category Return Low Category Return High Rank in Category (%)
2023 36.1% -36.9% 72.4% 37.95%
2022 -31.1% -85.9% 4.7% 32.95%
2021 19.7% -52.4% 60.5% 15.68%
2020 32.6% -34.3% 145.0% 27.64%
2019 35.3% -21.8% 49.4% 5.49%

Total Return Ranking - Trailing

Period PREFX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.5% -11.0% 25.9% 31.00%
1 Yr 34.8% -12.6% 63.0% 47.68%
3 Yr 8.4%* -27.1% 25.1% 38.46%
5 Yr 15.5%* -14.5% 29.5% 42.94%
10 Yr 14.6%* -5.0% 19.6% 28.43%

* Annualized

Total Return Ranking - Calendar

Period PREFX Return Category Return Low Category Return High Rank in Category (%)
2023 37.0% -4.6% 72.4% 54.08%
2022 -30.5% -61.7% 5.6% 47.55%
2021 22.2% -39.8% 118.1% 48.74%
2020 35.3% 2.8% 149.2% 48.37%
2019 36.0% -5.2% 49.4% 24.80%

NAV & Total Return History


PREFX - Holdings

Concentration Analysis

PREFX Category Low Category High PREFX % Rank
Net Assets 923 M 242 K 269 B 58.95%
Number of Holdings 350 2 3211 6.05%
Net Assets in Top 10 506 M 109 K 111 B 56.62%
Weighting of Top 10 49.21% 0.7% 100.3% 52.90%

Top 10 Holdings

  1. MICROSOFT CORP 10.15%
  2. APPLE INC 8.04%
  3. NVIDIA CORP 7.39%
  4. AMAZON.COM INC 5.17%
  5. ALPHABET INC 5.12%
  6. META PLATFORMS INC 4.04%
  7. VISA INC 3.05%
  8. ELI LILLY CO 2.35%
  9. MASTERCARD INC 2.02%
  10. BROADCOM INC 1.89%

Asset Allocation

Weighting Return Low Return High PREFX % Rank
Stocks
99.63% 0.00% 130.05% 20.95%
Cash
0.44% 0.00% 99.00% 71.08%
Preferred Stocks
0.31% 0.00% 7.84% 11.39%
Other
0.00% -43.49% 50.04% 38.83%
Convertible Bonds
0.00% 0.00% 1.94% 22.35%
Bonds
0.00% 0.00% 104.29% 25.15%

Stock Sector Breakdown

Weighting Return Low Return High PREFX % Rank
Technology
38.11% 0.00% 65.70% 37.86%
Consumer Cyclical
16.14% 0.00% 62.57% 45.92%
Healthcare
12.98% 0.00% 39.76% 45.92%
Communication Services
9.96% 0.00% 66.40% 56.18%
Financial Services
8.96% 0.00% 43.06% 51.88%
Industrials
7.15% 0.00% 30.65% 38.91%
Consumer Defense
2.78% 0.00% 25.50% 62.58%
Basic Materials
2.32% 0.00% 18.91% 26.03%
Real Estate
0.93% 0.00% 16.05% 53.11%
Energy
0.68% 0.00% 41.09% 46.19%
Utilities
0.00% 0.00% 16.07% 42.86%

Stock Geographic Breakdown

Weighting Return Low Return High PREFX % Rank
US
99.63% 0.00% 130.05% 15.25%
Non US
0.00% 0.00% 78.10% 43.91%

PREFX - Expenses

Operational Fees

PREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.01% 28.71% 62.04%
Management Fee 0.64% 0.00% 1.40% 53.61%
12b-1 Fee N/A 0.00% 1.00% 1.78%
Administrative Fee N/A 0.01% 1.02% 65.92%

Sales Fees

PREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 71.93%

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.

PREFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.60% 0.00% 316.74% 8.41%

PREFX - Distributions

Dividend Yield Analysis

PREFX Category Low Category High PREFX % Rank
Dividend Yield 0.00% 0.00% 27.58% 54.81%

Dividend Distribution Analysis

PREFX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

PREFX Category Low Category High PREFX % Rank
Net Income Ratio -0.25% -6.13% 1.75% 43.33%

Capital Gain Distribution Analysis

PREFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

PREFX - Fund Manager Analysis

Managers

Donald Peters


Start Date

Tenure

Tenure Rank

Dec 29, 2000

21.43

21.4%

Donald J. Peters is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He manages major institutional relationships in the structured active and tax-efficient strategies. He is a vice president of T. Rowe Price Group, Inc. Mr. Peters has been in investment industry since 1986 and has been with T. Rowe Price since 1993. Prior to joining the firm in 1993, he was a portfolio manager for Geewax, Terker and Company. Mr. Peters is a former naval officer and was interviewed and selected by Admiral Hyman G. Rickover to work at his headquarters for the Navy's nuclear propulsion program. Mr. Peters earned a B.A., summa cum laude, in economics from Tulane University and an M.B.A. in finance from The Wharton School, University of Pennsylvania. He is also a member of Phi Beta Kappa. Mr. Peters is the author of "Valuing a Growth Stock," Journal of Portfolio Management, Spring 1991; "Are Earnings Surprises Predictable?," Journal of Investing, Summer 1993; "The Influence of Size on Earnings Surprise Predictability," Journal of Investing, Winter 1993; (with Richard T. Whitney) "The Changing Balance of Power Between the Buy and Sell Sides," Journal of Investing, Fall 1996; (with Mary J. Miller) "Taxable Investors Need Different Strategies," Journal of Investing, Fall 1998; "What a Portfolio Manager Needs to Successfully Implement a Tax Efficient Strategy," Journal of Investing, Spring 2003; (with Sudhir Nanda) "A Very Long-Term Buy-and-Hold Portfolio," Journal of Portfolio Management, Spring 2006; "Taxable Investors Deserve Better," Journal of Investing, Spring 2017; and A Contrarian Strategy for Growth Stock Investing, Quorum Books, 1993. Mr. Peters is a trustee and chairman of the Investment Committee of the Baltimore Museum of Art. He is also a member of Tulane University's President's Council.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.27 3.08