T. Rowe Price Capital Appreciation Fund - I Class (TRAIX)
The fund primarily aims to achieve growth by investing at least 50% of its total assets in stocks, with the remainder allocated to corporate and government debt, bank loans, and up to 25% in foreign securities.
Fund Info
US77954M3034
Dec 17, 2015
$1,000,000
No Index (Active)
Large-Cap
Blend
Expense Ratio
TRAIX has an expense ratio of 0.59%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) returned 3.18% year-to-date (YTD) and 10.73% over the past 12 months.
TRAIX
3.18%
2.12%
0.82%
10.73%
10.25%
10.72%
N/A
^GSPC (Benchmark)
0.92%
4.38%
-1.84%
12.48%
13.05%
13.71%
10.99%
Monthly Returns
The table below presents the monthly returns of TRAIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.26% | -1.23% | -1.95% | 0.26% | 2.80% | 0.11% | 3.18% | ||||||
| 2024 | 0.41% | 2.82% | 1.89% | -2.55% | 2.39% | 2.08% | 2.31% | 1.18% | 1.94% | -1.46% | 3.44% | -2.26% | 12.64% |
| 2023 | 5.11% | -1.92% | 3.23% | 1.30% | -0.37% | 3.70% | 2.11% | -0.41% | -3.03% | -2.27% | 6.43% | 4.18% | 19.01% |
| 2022 | -3.92% | -0.79% | 1.84% | -6.68% | 0.57% | -5.88% | 8.35% | -3.58% | -6.73% | 3.98% | 4.89% | -3.32% | -11.89% |
| 2021 | -1.93% | 2.30% | 3.77% | 4.61% | 0.19% | 0.81% | 2.24% | 1.85% | -2.28% | 4.66% | -1.68% | 2.97% | 18.59% |
| 2020 | 2.05% | -4.89% | -9.27% | 9.71% | 3.61% | 0.10% | 5.14% | 2.10% | -1.34% | 0.54% | 8.28% | 2.38% | 18.28% |
| 2019 | 7.08% | 2.46% | 2.03% | 2.39% | -2.10% | 4.67% | 0.64% | -0.35% | 0.32% | 1.15% | 2.46% | 1.85% | 24.71% |
| 2018 | 3.64% | -2.76% | -0.32% | 0.35% | 0.81% | 0.97% | 2.34% | 2.42% | -0.07% | -3.98% | 2.29% | -4.57% | 0.76% |
| 2017 | 1.79% | 2.74% | 0.77% | 1.45% | 1.68% | 0.49% | 0.66% | 0.97% | 1.00% | 1.05% | 1.85% | 0.03% | 15.45% |
| 2016 | -2.83% | 0.33% | 4.67% | 1.17% | 2.01% | -0.04% | 2.27% | 0.15% | 0.30% | -1.40% | 0.71% | 0.87% | 8.31% |
| 2015 | 1.50% | 1.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 77, TRAIX is among the top 23% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund - I Class (TRAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
T. Rowe Price Capital Appreciation Fund - I Class provided a 10.19% dividend yield over the last twelve months, with an annual payout of $3.64 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.64 | $3.64 | $1.45 | $2.88 | $3.46 | $2.76 | $1.85 | $2.01 | $1.97 | $0.94 |
Dividend yield | 10.19% | 10.52% | 4.28% | 9.70% | 9.35% | 8.08% | 5.92% | 7.57% | 6.96% | 3.59% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Capital Appreciation Fund - I Class. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.64 | $3.64 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.88 | $2.88 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.46 | $3.46 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.76 | $2.76 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.85 | $1.85 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.01 | $2.01 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.97 | $1.97 |
| 2016 | $0.94 | $0.94 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Capital Appreciation Fund - I Class. 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 Capital Appreciation Fund - I Class was 26.84%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.
The current T. Rowe Price Capital Appreciation Fund - I Class drawdown is 0.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.84% | Feb 18, 2020 | 25 | Mar 23, 2020 | 53 | Jun 8, 2020 | 78 |
| -17% | Dec 30, 2021 | 198 | Oct 12, 2022 | 194 | Jul 24, 2023 | 392 |
| -10.66% | Sep 24, 2018 | 64 | Dec 24, 2018 | 27 | Feb 4, 2019 | 91 |
| -9.37% | Jan 29, 2025 | 49 | Apr 8, 2025 | — | — | — |
| -7.39% | Dec 30, 2015 | 30 | Feb 11, 2016 | 25 | Mar 18, 2016 | 55 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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