Fund Research for T. Rowe Price Equity Income (PRFDX)

  • Fund Overview

    Fund Inception Date: Oct 31, 1985
    Category: Large Value
    Overall Risk: Average
    Fund Family: T. Rowe Price
    Return Since Inception: 10.49%
    YTD Return: 22.58%
    Yield (TTM): 2.29%
    Net Assets: 14.42 B
    Morningstar Rating:
    4 of 5

    The investment seeks to provide substantial dividend income as well as long-term growth of capital. The fund will normally invest at least 80% of assets in common stocks, with 65% in the common stocks of well-established companies paying above-average dividends. It invests most assets in U.S. common stocks, and may also purchase other securities including foreign stocks, futures, and options.

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    Size
    Average Market Cap $28,779 M
    Market Capitalization Portfolio
    Giant 41.99%
    Large 31.25%
    Medium 26.01%
    Small 0.76%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/27/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 22.58% 25.75% -5.65% 0.85% 3.13% 10.49%
    +/- Category 1.14% -0.09% 1.42% 0.81% 1.18% —
    +/- S&P 500 TR -1.01% -0.36% -0.18% 0.37% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 16.86% 9.59% -6.90% 0.81% 3.13% 10.49%
    Quarter (as of 09/30/2009) 19.24% -7.16% -5.27% 1.44% 3.67% 10.63%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/27/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/27/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 10/31/1985
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 14.38%
    Service 34.92%
    Manufacturing 45.83%

    Asset Allocation

    Short Long Net Assets
    Cash 0.04% 3.52% 3.48%
    Stocks 0.00% 95.13% 95.13%
    Bonds 0.00% 0.80% 0.80%
    Other 0.00% 0.52% 0.52%
    Foreign Stocks
    (as a % of assets)    		 0.00% 5.62% 5.62%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    - JPMORGAN CHASE & CO (JPM) Financial Services 34.16 37.11% 3.79%
    + T. Rowe Price Reserve — — — 3.39%
    - GENERAL ELECTRIC CO (GE) Industrial Materials 14.36 -8.46% 2.60%
    - BANK OF AMERICA CORPORATION (BAC) Financial Services — 5.33% 2.55%
    - CHEVRON CORP NEW (CVX) Energy 12.71 6.37% 2.52%
    - EXXON MOBIL CORP (XOM) Energy 17.37 -8.58% 2.46%
    - ROYAL DUTCH SHELL PLC (RDS.A) Energy 7.13 18.17% 1.96%
    - AT&T INC (T) Telecom 13.36 -5.26% 1.95%
    - AMERICAN EXPRESS CO (AXP) Financial Services 33.20 98.17% 1.92%
    - WELLS FARGO & CO NEW (WFC) Financial Services 10.28 -4.41% 1.68%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/27/2009
    All other data as of 09/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 05/01/2009
    Expense Ratio (based on net assets) 0.69%
    Taken from annual report dated 12/31/2008

  • Fund Management