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 has a high expense ratio of 0.76%, indicating higher-than-average management fees.
Share Price Chart
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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 12.48% year-to-date (YTD) and 35.54% in the last 12 months. Over the past 10 years, T. Rowe Price Tax-Efficient Equity Fund had an annualized return of 14.37%, outperforming the S&P 500 benchmark which had an annualized return of 10.79%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.48% | 9.47% |
| 1 month | 1.15% | 1.91% |
| 6 months | 20.89% | 18.36% |
| 1 year | 35.54% | 26.61% |
| 5 years (annualized) | 14.92% | 12.90% |
| 10 years (annualized) | 14.37% | 10.79% |
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% | 12.48% | ||||||||
| 2023 | 7.67% | -1.68% | 5.85% | 0.98% | 3.50% | 6.71% | 2.78% | -0.96% | -5.43% | -1.45% | 10.99% | 4.09% | 36.98% |
| 2022 | -10.51% | -4.05% | 2.66% | -12.20% | -2.16% | -7.68% | 12.12% | -4.63% | -9.44% | 5.58% | 5.05% | -7.46% | -30.52% |
| 2021 | -1.02% | 1.95% | -0.12% | 6.96% | -1.49% | 6.25% | 3.05% | 3.26% | -5.52% | 7.50% | -0.85% | 1.06% | 22.20% |
| 2020 | 1.77% | -6.53% | -12.98% | 15.36% | 8.51% | 3.67% | 7.13% | 7.95% | -3.67% | -2.00% | 10.73% | 4.20% | 35.32% |
| 2019 | 10.61% | 4.72% | 2.07% | 4.56% | -5.08% | 7.03% | 1.96% | -1.49% | -1.26% | 2.24% | 4.84% | 1.89% | 36.04% |
| 2018 | 7.76% | -2.48% | -0.99% | 0.40% | 3.45% | 0.96% | 2.19% | 4.82% | 0.09% | -9.03% | 2.38% | -8.62% | -0.46% |
| 2017 | 3.86% | 3.72% | 0.81% | 2.72% | 3.23% | 0.34% | 2.37% | 0.92% | 1.74% | 3.11% | 2.77% | 0.35% | 29.13% |
| 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% | -1.67% | 6.30% |
| 2014 | -2.17% | 5.74% | -3.57% | -3.06% | 3.62% | 2.31% | -1.87% | 4.60% | -1.97% | 3.63% | 3.04% | -0.45% | 9.65% |
| 2013 | 5.15% | 0.68% | 3.14% | 1.49% | 2.12% | -1.27% | 5.54% | -1.60% | 6.07% | 3.97% | 2.80% | 2.97% | 35.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PREFX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PREFX (T. Rowe Price Tax-Efficient Equity Fund)
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 granted a 0.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.37 | $1.27 | $1.01 | $0.21 | $0.39 | $0.89 | $0.05 | $0.13 | $0.91 | $0.46 |
Dividend yield | 0.54% | 0.61% | 0.88% | 2.09% | 1.98% | 0.55% | 1.36% | 3.08% | 0.22% | 0.55% | 4.27% | 2.27% |
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 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.01 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 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 | $0.13 | $0.13 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
| 2013 | $0.46 | $0.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 1.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.7% | Nov 1, 2007 | 266 | Nov 20, 2008 | 608 | Apr 21, 2011 | 874 |
| -44.95% | Jan 31, 2001 | 419 | Oct 7, 2002 | 699 | Jul 19, 2005 | 1118 |
| -35.95% | Nov 17, 2021 | 229 | Oct 14, 2022 | 330 | Feb 8, 2024 | 559 |
| -33.97% | Feb 20, 2020 | 23 | Mar 23, 2020 | 70 | Jul 1, 2020 | 93 |
| -20.97% | Aug 30, 2018 | 80 | Dec 24, 2018 | 59 | Mar 21, 2019 | 139 |
Volatility
Volatility Chart
The current T. Rowe Price Tax-Efficient Equity Fund volatility is 5.18%, 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.