T. Rowe Price Tax-Efficient Equity Fund (PREFX)
The fund seeks to buy and hold for the long-term stocks of attractively valued, high-quality growth companies. It 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.
Fund Info
| ISIN | US7799183097 |
|---|---|
| CUSIP | 779918309 |
| Issuer | T. Rowe Price |
| Inception Date | Dec 29, 2000 |
| Category | Large Cap Growth Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
PREFX features an expense ratio of 0.76%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PREFX vs. POMIX, PREFX vs. PRGTX, PREFX vs. SCHD, PREFX vs. SWPPX, PREFX vs. TRBCX, PREFX vs. SWLGX, PREFX vs. VTSAX, PREFX vs. PRMTX, PREFX vs. VFIAX, PREFX vs. PRWAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Tax-Efficient Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Tax-Efficient Equity Fund had a return of 33.22% year-to-date (YTD) and 42.20% in the last 12 months. Over the past 10 years, T. Rowe Price Tax-Efficient Equity Fund had an annualized return of 13.37%, outperforming the S&P 500 benchmark which had an annualized return of 11.43%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 33.22% | 25.82% |
| 1 month | 4.33% | 3.20% |
| 6 months | 18.44% | 14.94% |
| 1 year | 42.20% | 35.92% |
| 5 years (annualized) | 15.77% | 14.22% |
| 10 years (annualized) | 13.37% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PREFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.19% | 7.31% | 1.90% | -4.37% | 5.68% | 6.25% | -1.62% | 2.47% | 2.45% | -0.11% | 33.22% | ||
| 2023 | 7.67% | -1.68% | 5.85% | 0.98% | 3.50% | 6.71% | 2.78% | -0.96% | -5.43% | -1.45% | 10.99% | 3.46% | 36.14% |
| 2022 | -10.51% | -4.05% | 2.66% | -12.20% | -2.16% | -7.68% | 12.12% | -4.63% | -9.44% | 5.58% | 5.05% | -8.22% | -31.10% |
| 2021 | -1.02% | 1.95% | -0.12% | 6.96% | -1.49% | 6.25% | 3.05% | 3.26% | -5.52% | 7.50% | -0.85% | -1.01% | 19.69% |
| 2020 | 1.77% | -6.53% | -12.98% | 15.36% | 8.51% | 3.67% | 7.13% | 7.95% | -3.67% | -2.00% | 10.73% | 2.15% | 32.65% |
| 2019 | 10.61% | 4.72% | 2.07% | 4.56% | -5.08% | 7.03% | 1.96% | -1.49% | -1.26% | 2.24% | 4.84% | 1.48% | 35.50% |
| 2018 | 7.76% | -2.48% | -0.99% | 0.40% | 3.45% | 0.96% | 2.19% | 4.82% | 0.09% | -9.03% | 2.38% | -9.64% | -1.57% |
| 2017 | 3.86% | 3.72% | 0.81% | 2.72% | 3.23% | 0.34% | 2.37% | 0.92% | 1.75% | 3.11% | 2.77% | -2.42% | 25.57% |
| 2016 | -8.74% | -0.58% | 6.40% | 0.55% | 2.24% | -1.30% | 5.30% | -0.56% | 0.26% | -2.80% | 2.40% | 0.08% | 2.44% |
| 2015 | -0.66% | 6.98% | -0.26% | -0.44% | 1.95% | -1.05% | 3.26% | -5.63% | -3.89% | 7.95% | 0.44% | -2.17% | 5.77% |
| 2014 | -2.17% | 5.74% | -3.57% | -3.06% | 3.62% | 2.31% | -1.87% | 4.60% | -1.97% | 3.63% | 3.04% | -4.56% | 5.12% |
| 2013 | 5.15% | 0.68% | 3.14% | 1.49% | 2.12% | -1.27% | 5.54% | -1.60% | 6.07% | 3.97% | 2.80% | 0.90% | 32.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PREFX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Tax-Efficient Equity Fund (PREFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Tax-Efficient Equity Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.06 | $0.05 | $0.08 | $0.05 | $0.01 | $0.01 | $0.06 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.16% | 0.18% | 0.26% | 0.22% | 0.04% | 0.05% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Tax-Efficient Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2013 | $0.06 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Tax-Efficient Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Tax-Efficient Equity Fund was 56.70%, occurring on Nov 20, 2008. Recovery took 608 trading sessions.
The current T. Rowe Price Tax-Efficient Equity Fund drawdown is 0.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.7% | Nov 1, 2007 | 266 | Nov 20, 2008 | 608 | Apr 21, 2011 | 874 |
| -44.94% | Jan 31, 2001 | 419 | Oct 7, 2002 | 699 | Jul 19, 2005 | 1118 |
| -37.26% | Nov 17, 2021 | 229 | Oct 14, 2022 | 358 | Mar 20, 2024 | 587 |
| -33.97% | Feb 20, 2020 | 23 | Mar 23, 2020 | 70 | Jul 1, 2020 | 93 |
| -21.85% | Aug 30, 2018 | 80 | Dec 24, 2018 | 66 | Apr 1, 2019 | 146 |
Volatility
Volatility Chart
The current T. Rowe Price Tax-Efficient Equity Fund volatility is 4.99%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.