T. Rowe Price Equity Income Fund (PRFDX)
The investment seeks a high level of dividend income and long-term capital growth primarily through investments in stocks. 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.
Fund Info
| ISIN | US7795471082 |
|---|---|
| CUSIP | 779547108 |
| Issuer | T. Rowe Price |
| Inception Date | Oct 31, 1985 |
| Category | Large Cap Value Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
PRFDX features an expense ratio of 0.63%, falling within the medium range.
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 Equity Income 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 Equity Income Fund had a return of 10.00% year-to-date (YTD) and 13.53% in the last 12 months. Over the past 10 years, T. Rowe Price Equity Income Fund had an annualized return of 8.41%, while the S&P 500 had an annualized return of 10.91%, indicating that T. Rowe Price Equity Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.00% | 16.48% |
| 1 month | 1.64% | 1.67% |
| 6 months | 10.62% | 14.21% |
| 1 year | 13.53% | 21.98% |
| 5 years (annualized) | 9.84% | 13.13% |
| 10 years (annualized) | 8.41% | 10.91% |
Monthly Returns
The table below presents the monthly returns of PRFDX, 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 | -0.21% | 3.96% | 4.89% | -2.99% | 3.56% | -1.22% | 10.00% | ||||||
| 2023 | 5.57% | -3.65% | -2.32% | 2.20% | -5.18% | 6.52% | 4.16% | -3.91% | -3.26% | -2.54% | 7.42% | 5.56% | 9.75% |
| 2022 | 0.97% | 0.00% | 1.59% | -5.33% | 2.99% | -8.40% | 5.08% | -1.80% | -9.35% | 10.42% | 6.64% | -4.12% | -3.25% |
| 2021 | -0.38% | 6.65% | 6.72% | 4.11% | 2.80% | -2.38% | -0.63% | 2.36% | -2.69% | 4.34% | -3.63% | 6.54% | 25.60% |
| 2020 | -2.96% | -10.28% | -17.73% | 9.59% | 2.88% | 0.55% | 3.89% | 3.26% | -3.84% | -0.38% | 16.39% | 4.30% | 1.28% |
| 2019 | 7.25% | 2.97% | 0.50% | 4.45% | -6.29% | 6.55% | 1.28% | -2.78% | 3.84% | 0.63% | 3.25% | 3.01% | 26.67% |
| 2018 | 4.86% | -4.55% | -2.34% | 0.77% | -0.15% | 1.16% | 3.59% | 0.71% | -0.32% | -5.62% | 3.02% | -9.83% | -9.29% |
| 2017 | 0.19% | 3.33% | -0.21% | 0.34% | 0.03% | 1.82% | 1.73% | -0.95% | 3.59% | 1.37% | 3.49% | 0.48% | 16.16% |
| 2016 | -5.10% | 0.70% | 7.50% | 2.37% | 1.11% | 0.43% | 3.35% | 0.42% | 0.29% | -0.83% | 6.44% | 1.71% | 19.35% |
| 2015 | -3.93% | 5.17% | -2.05% | 1.85% | 0.15% | -2.52% | -0.44% | -6.09% | -4.01% | 8.16% | -0.03% | -2.39% | -6.78% |
| 2014 | -3.93% | 3.68% | 2.00% | 0.78% | 1.41% | 2.21% | -2.38% | 2.88% | -2.11% | 0.95% | 1.44% | 0.62% | 7.51% |
| 2013 | 5.26% | 1.76% | 3.82% | 1.61% | 2.22% | -1.18% | 4.78% | -3.06% | 2.96% | 4.27% | 2.09% | 2.13% | 29.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRFDX is 57, 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 Equity Income Fund (PRFDX) 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 Equity Income Fund granted a 5.72% dividend yield in the last twelve months. The annual payout for that period amounted to $2.10 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.10 | $2.08 | $2.16 | $3.16 | $1.11 | $2.39 | $3.12 | $3.19 | $2.44 | $2.13 | $2.44 | $1.39 |
Dividend yield | 5.72% | 6.19% | 6.61% | 8.78% | 3.55% | 7.45% | 11.43% | 9.57% | 7.75% | 7.48% | 7.44% | 4.23% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Equity Income 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 | $0.14 | $0.00 | $0.00 | $0.22 | $0.00 | $0.36 | |||||
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $1.57 | $2.08 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $1.70 | $2.16 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $2.70 | $3.16 |
| 2020 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.61 | $1.11 |
| 2019 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $1.86 | $2.39 |
| 2018 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $2.63 | $3.12 |
| 2017 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $2.72 | $3.19 |
| 2016 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.99 | $2.44 |
| 2015 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.67 | $2.13 |
| 2014 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.95 | $2.44 |
| 2013 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.99 | $1.39 |
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 Equity Income 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 Equity Income Fund was 58.12%, occurring on Mar 9, 2009. Recovery took 887 trading sessions.
The current T. Rowe Price Equity Income Fund drawdown is 1.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.12% | Jul 16, 2007 | 415 | Mar 9, 2009 | 887 | Sep 13, 2012 | 1302 |
| -39.71% | Jan 21, 2020 | 44 | Mar 23, 2020 | 200 | Jan 6, 2021 | 244 |
| -29.49% | Mar 20, 2002 | 141 | Oct 9, 2002 | 300 | Dec 18, 2003 | 441 |
| -27.51% | Jul 19, 1999 | 158 | Feb 25, 2000 | 307 | May 16, 2001 | 465 |
| -25.96% | Aug 26, 1987 | 82 | Dec 17, 1987 | 341 | Apr 7, 1989 | 423 |
Volatility
Volatility Chart
The current T. Rowe Price Equity Income Fund volatility is 2.73%, 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.