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Name

As of 06/01/2026

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

T. Rowe Price Equity Income Fund

RRFDX | Fund

$42.51

$17.6 B

0.38%

$0.16

0.54%

Vitals

YTD Return

11.1%

1 yr return

22.7%

3 Yr Avg Return

15.9%

5 Yr Avg Return

8.7%

Net Assets

$17.6 B

Holdings in Top 10

18.7%

52 WEEK LOW AND HIGH

$42.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.54%

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 06/01/2026

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

T. Rowe Price Equity Income Fund

RRFDX | Fund

$42.51

$17.6 B

0.38%

$0.16

0.54%

RRFDX - Profile

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return 15.9%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.11%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    T. Rowe Price Equity Income Fund
  • Fund Family Name
    TROWEPRICE
  • Inception Date
    Sep 30, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Linehan

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with a track record of paying dividends. The fund considers a company to have a track record of paying dividends if the security has paid a dividend within the past 12 months. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.

The fund generally seeks investments in large-cap companies. The fund typically employs a value approach in selecting investments. The adviser’s in-house research team seeks dividend-paying 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.

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).

Read More

RRFDX - Performance

Return Ranking - Trailing

Period RRFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -6.3% 48.0% 32.84%
1 Yr 22.7% -0.8% 92.5% 52.47%
3 Yr 15.9%* -0.2% 43.3% 65.90%
5 Yr 8.7%* 0.2% 25.0% 72.82%
10 Yr 11.0%* 4.0% 27.7% 53.03%

* Annualized

Return Ranking - Calendar

Period RRFDX Return Category Return Low Category Return High Rank in Category (%)
2025 11.3% -43.6% 32.4% 21.09%
2024 2.8% -34.7% 47.5% 66.84%
2023 3.0% -16.9% 46.1% 70.69%
2022 -9.3% -43.2% 4.6% 29.72%
2021 15.1% -44.1% 57.5% 56.59%

Total Return Ranking - Trailing

Period RRFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -6.3% 48.0% 32.84%
1 Yr 22.7% -0.8% 92.5% 52.47%
3 Yr 15.9%* -0.2% 43.3% 65.90%
5 Yr 8.7%* 0.2% 25.0% 72.82%
10 Yr 11.0%* 4.0% 27.7% 53.03%

* Annualized

Total Return Ranking - Calendar

Period RRFDX Return Category Return Low Category Return High Rank in Category (%)
2025 14.0% -0.4% 32.7% 68.00%
2024 11.3% -17.4% 47.5% 78.49%
2023 9.1% -15.9% 46.7% 67.54%
2022 -3.8% -42.0% 8.5% 32.27%
2021 24.9% 6.9% 129.7% 63.39%

NAV & Total Return History

RRFDX - Holdings

Concentration Analysis

RRFDX Category Low Category High RRFDX % Rank
Net Assets 17.6 B 2.59 M 238 B 11.33%
Number of Holdings 126 2 1671 24.87%
Net Assets in Top 10 3.02 B 603 K 47.6 B 15.42%
Weighting of Top 10 18.68% 4.5% 99.2% 92.95%

Top 10 Holdings

  1. SOUTHERN CO/THE 2.16%
  2. TOTALENERGIES SE 2.00%
  3. SAMSUNG ELECTRONICS CO LTD 1.99%
  4. METLIFE INC 1.90%
  5. CONOCOPHILLIPS 1.89%
  6. CHARLES SCHWAB CORP/THE 1.83%
  7. ALPHABET INC 1.75%
  8. T. Rowe Price Government Reserve Fund 1.72%
  9. JPMORGAN CHASE CO 1.72%
  10. CITIGROUP INC 1.71%

Asset Allocation

Weighting Return Low Return High RRFDX % Rank
Stocks 		97.28% 3.70% 130.75% 70.51%
Cash 		2.02% 0.00% 26.41% 34.84%
Preferred Stocks 		0.72% 0.00% 22.62% 5.88%
Convertible Bonds 		0.32% 0.00% 3.66% 3.04%
Bonds 		0.00% 0.00% 127.82% 38.51%
Other 		-0.02% -1.51% 19.37% 95.17%

Stock Sector Breakdown

Weighting Return Low Return High RRFDX % Rank
Financial Services 		21.90% 0.00% 58.05% 25.00%
Healthcare 		17.83% 0.00% 27.67% 49.26%
Industrials 		10.76% 0.00% 42.76% 55.91%
Utilities 		9.52% 0.00% 27.04% 6.96%
Technology 		8.33% 0.00% 54.02% 77.00%
Energy 		6.80% 0.00% 54.00% 70.04%
Consumer Defense 		6.65% 0.00% 34.10% 73.31%
Consumer Cyclical 		5.29% 0.00% 22.74% 56.12%
Real Estate 		4.58% 0.00% 90.54% 25.11%
Communication Services 		4.53% 0.00% 26.58% 64.03%
Basic Materials 		3.81% 0.00% 20.01% 39.77%

Stock Geographic Breakdown

Weighting Return Low Return High RRFDX % Rank
US 		91.72% 3.70% 130.75% 85.94%
Non US 		5.56% 0.00% 27.70% 11.23%

RRFDX - Expenses

Operational Fees

RRFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.03% 7.64% 82.40%
Management Fee 0.53% 0.00% 1.50% 43.58%
12b-1 Fee 0.50% 0.00% 1.00% 67.92%
Administrative Fee 0.15% 0.01% 0.50% 72.87%

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% 4.00% 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% 240.00% 21.77%

RRFDX - Distributions

Dividend Yield Analysis

RRFDX Category Low Category High RRFDX % Rank
Dividend Yield 0.38% 0.00% 16.67% 23.42%

Dividend Distribution Analysis

RRFDX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

RRFDX Category Low Category High RRFDX % Rank
Net Income Ratio 1.11% -1.51% 4.28% 64.24%

Capital Gain Distribution Analysis

RRFDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

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
0.13 86.59 8.32 6.71

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