PRFDX: T. Rowe Price Equity Income

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PRFDX T. Rowe Price Equity Income


Profile

PRFDX - Profile

Vitals

  • YTD Return -17.9%
  • 3 Yr Annualized Return -8.3%
  • 5 Yr Annualized Return -1.7%
  • Net Assets $15.4 B
  • Holdings in Top 10 22.9%

52 WEEK LOW AND HIGH

$26.35
$19.65
$33.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -17.9%
  • 3 Yr Annualized Total Return -8.3%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    T. Rowe Price Equity Income Fund
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Oct 31, 1985
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Linehan

Fund Description

The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in common stocks, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued. The adviser generally seeks investments in large-capitalization 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.


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Performance

PRFDX - Performance

Return Ranking - Trailing

Period PRFDX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.9% -46.3% 242.8% 83.96%
1 Yr -17.1% -47.3% 229.8% 85.00%
3 Yr -8.3%* -23.9% 45.6% 72.37%
5 Yr -1.7%* -20.5% 29.7% 66.70%
10 Yr 2.0%* -14.5% 17.6% 70.84%

* Annualized

Return Ranking - Calendar

Period PRFDX Return Category Return Low Category Return High Rank in Category (%)
2019 17.5% -32.1% 48.5% 61.88%
2018 -18.1% -62.4% 16.7% 61.25%
2017 5.9% -16.4% 24.6% 66.98%
2016 10.6% -4.6% 31.0% 44.79%
2015 -13.2% -43.1% 1.3% 78.50%

Total Return Ranking - Trailing

Period PRFDX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.9% -46.3% 242.8% 83.96%
1 Yr -17.1% -47.3% 229.8% 85.00%
3 Yr -8.3%* -23.5% 55.9% 87.09%
5 Yr -1.7%* -12.2% 37.9% 90.21%
10 Yr 2.0%* -1.9% 17.6% 93.31%

* Annualized

Total Return Ranking - Calendar

Period PRFDX Return Category Return Low Category Return High Rank in Category (%)
2019 17.5% -32.1% 48.5% 61.98%
2018 -18.1% -37.1% 17.4% 78.59%
2017 5.9% -9.5% 28.4% 92.19%
2016 10.6% -1.8% 32.2% 75.61%
2015 -13.2% -25.8% 2.5% 94.20%

NAV & Total Return History


Holdings

PRFDX - Holdings

Concentration Analysis

PRFDX Category Low Category High PRFDX % Rank
Net Assets 15.4 B 400 K 84.1 B 5.87%
Number of Holdings 109 8 1110 28.77%
Net Assets in Top 10 3.37 B 68.9 K 19.2 B 5.68%
Weighting of Top 10 22.89% 6.8% 186.4% 76.20%

Top 10 Holdings

  1. Qualcomm Inc 2.97%
  2. Wells Fargo & Co 2.69%
  3. Southern Co 2.61%
  4. Chubb Ltd 2.24%
  5. Morgan Stanley 2.18%
  6. Dowdupont 2.17%
  7. Total SE 2.08%
  8. United Parcel Service Inc Class B 2.04%
  9. AbbVie Inc 1.98%
  10. General Electric Co 1.94%

Asset Allocation

Weighting Return Low Return High PRFDX % Rank
Stocks
96.35% 81.40% 145.03% 85.38%
Cash
2.15% -129.21% 18.17% 31.10%
Preferred Stocks
1.25% 0.00% 15.00% 3.72%
Convertible Bonds
0.25% 0.00% 4.10% 2.89%
Other
0.00% -1.57% 90.90% 32.31%
Bonds
0.00% 0.00% 60.26% 23.84%

Stock Sector Breakdown

Weighting Return Low Return High PRFDX % Rank
Financial Services
20.70% 0.00% 40.47% 37.90%
Healthcare
14.80% 0.00% 37.21% 54.88%
Industrials
11.75% 0.00% 45.45% 51.97%
Technology
9.62% 0.00% 32.15% 75.52%
Utilities
9.07% 0.00% 47.14% 5.72%
Energy
8.98% 0.00% 93.48% 10.41%
Consumer Defense
8.72% 0.00% 31.06% 47.56%
Communication Services
5.75% 0.00% 21.24% 66.51%
Consumer Cyclical
4.44% 0.00% 30.92% 84.52%
Real Estate
4.39% 0.00% 12.89% 27.49%
Basic Materials
1.78% 0.00% 18.84% 77.58%

Stock Geographic Breakdown

Weighting Return Low Return High PRFDX % Rank
US
87.36% 76.16% 143.73% 84.26%
Non US
8.99% 0.00% 18.17% 20.67%

Expenses

PRFDX - Expenses

Operational Fees

PRFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.00% 19.26% 84.89%
Management Fee 0.53% 0.00% 1.35% 36.03%
12b-1 Fee N/A 0.00% 1.00% 6.96%
Administrative Fee 0.15% 0.01% 0.50% 55.76%

Sales Fees

PRFDX 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

PRFDX 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.

PRFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.50% 0.00% 462.00% 11.46%

Distributions

PRFDX - Distributions

Dividend Yield Analysis

PRFDX Category Low Category High PRFDX % Rank
Dividend Yield 0.00% 0.00% 8.55% 20.76%

Dividend Distribution Analysis

PRFDX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

PRFDX Category Low Category High PRFDX % Rank
Net Income Ratio 2.43% -0.69% 5.26% 12.25%

Capital Gain Distribution Analysis

PRFDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

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Fund Manager Analysis

PRFDX - Fund Manager Analysis

Managers

John Linehan


Start Date

Tenure

Tenure Rank

Nov 01, 2015

4.84

4.8%

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
0.08 84.84 7.35 4.96