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 features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Capital Appreciation Fund - I Class, 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 Capital Appreciation Fund - I Class had a return of 2.89% year-to-date (YTD) and 4.92% in the last 12 months.
TRAIX
2.89%
0.08%
-2.44%
4.92%
3.70%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
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% | 2.89% | |||||||||||
| 2024 | 0.41% | 2.82% | 1.89% | -2.55% | 2.39% | 2.08% | 2.31% | 1.18% | 1.94% | -1.46% | 3.44% | -9.43% | 4.38% |
| 2023 | 5.11% | -1.92% | 3.23% | 1.30% | -0.37% | 3.70% | 2.11% | -0.41% | -3.03% | -2.27% | 6.43% | 2.07% | 16.60% |
| 2022 | -3.92% | -0.79% | 1.84% | -6.68% | 0.57% | -5.88% | 8.35% | -3.58% | -6.73% | 3.98% | 4.88% | -10.35% | -18.30% |
| 2021 | -1.93% | 2.30% | 3.77% | 4.61% | 0.19% | 0.81% | 2.24% | 1.85% | -2.28% | 4.66% | -1.68% | -4.98% | 9.44% |
| 2020 | 2.05% | -4.89% | -9.27% | 9.71% | 3.61% | 0.10% | 5.14% | 2.10% | -1.34% | 0.54% | 8.28% | -4.24% | 10.62% |
| 2019 | 7.08% | 2.46% | 2.03% | 2.39% | -2.10% | 4.67% | 0.64% | -0.35% | 0.32% | 1.15% | 2.46% | -2.39% | 19.53% |
| 2018 | 3.64% | -2.76% | -0.32% | 0.35% | 0.81% | 0.97% | 2.34% | 2.42% | -0.07% | -3.98% | 2.29% | -8.94% | -3.85% |
| 2017 | 1.79% | 2.74% | 0.77% | 1.45% | 1.68% | 0.49% | 0.66% | 0.97% | 1.00% | 1.05% | 1.85% | -5.20% | 9.42% |
| 2016 | -2.83% | 0.33% | 4.67% | 1.17% | 2.01% | -0.04% | 2.27% | 0.15% | 0.30% | -1.40% | 0.71% | -1.04% | 6.26% |
| 2015 | 1.50% | 1.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRAIX is 23, meaning it’s performing worse than 77% of other 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.
Dividends
Dividend History
T. Rowe Price Capital Appreciation Fund - I Class provided a 2.40% dividend yield over the last twelve months, with an annual payout of $0.85 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.85 | $0.76 | $0.54 | $0.40 | $0.44 | $0.51 | $0.70 | $0.41 | $0.43 |
Dividend yield | 2.40% | 2.46% | 2.24% | 1.82% | 1.08% | 1.29% | 1.63% | 2.64% | 1.45% | 1.64% |
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 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2016 | $0.43 | $0.43 |
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 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 7.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.84% | Feb 18, 2020 | 25 | Mar 23, 2020 | 53 | Jun 8, 2020 | 78 |
| -24.9% | Nov 10, 2021 | 285 | Dec 28, 2022 | 450 | Oct 14, 2024 | 735 |
| -14.75% | Sep 24, 2018 | 64 | Dec 24, 2018 | 66 | Apr 1, 2019 | 130 |
| -10.07% | Dec 5, 2024 | 19 | Jan 2, 2025 | — | — | — |
| -7.57% | Dec 7, 2020 | 6 | Dec 14, 2020 | 75 | Apr 5, 2021 | 81 |
Volatility
Volatility Chart
The current T. Rowe Price Capital Appreciation Fund - I Class volatility is 2.14%, 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.