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: 17.63%
    Yield (TTM): 2.29%
    Net Assets: 14.74 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 11/04/2009    		 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 17.63% 5.99% -6.55% 0.46% 3.13% 10.49%
    +/- Category 0.60% -0.58% 1.31% 0.71% 1.18% —
    +/- S&P 500 TR -0.46% -5.07% -0.10% 0.18% -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 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 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
    + T. Rowe Price Reserve — — — 3.55%
    - JPMORGAN CHASE & CO (JPM) Financial Services 36.65 32.73% 3.55%
    - EXXON MOBIL CORP (XOM) Energy 16.90 -14.18% 2.91%
    - CHEVRON CORP NEW (CVX) Energy 12.63 -4.30% 2.76%
    - BANK OF AMERICA CORPORATION (BAC) Financial Services — 15.34% 2.31%
    - GENERAL ELECTRIC CO (GE) Industrial Materials 14.28 1.73% 2.15%
    - AT&T INC (T) Telecom 13.04 -2.32% 2.07%
    - ROYAL DUTCH SHELL PLC (RDS.A) Energy 7.29 9.97% 2.00%
    - HERSHEY CO (HSY) Consumer Goods 22.13 17.25% 1.68%
    - WELLS FARGO & CO NEW (WFC) Financial Services 11.05 -8.28% 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 11/09/2009
    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

    John D. Linehan
    Start Date: 05/01/2007
    Linehan is chairman and portfolio manager with T.Rowe Price. Linehan joined the firm in 1998 as an analyst. He has nine years of previous investment experience at Bankers Trust and E.T. Petroleum. Linehan holds the Chartered Financial Analyst designation.
    Brian C. Rogers
    Start Date: 10/31/1985
    Brian C. Rogers has day-to-day responsibility for managing the Fund. Mr. Rogers joined T. Rowe Price in 1982. Hisinvestment experience dates from 1980. He received his B.A. and M.B.A. from Harvard University.
    David R. Giroux
    Start Date: 05/01/2007
    Giroux is vice president of T. Rowe Price Group, Inc. He is also a portfolio manager and research analyst in the equity division following automotive, electrical equipment, industrial manufacturing, and building materials/products industries．Prior to joining the firm in 1998, he worked as a Commercial Credit Analyst with Hillsdale National Bank. Giroux holds the Charted Financial Analyst designation.
    Jeff Arricale
    Start Date: 05/01/2007
    Arricale is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc., and a portfolio manager and research analyst in the Equity Division following life assurance, asset managers, and investment banks under the financial services industry. Jeff joined the firm in January 2001 after serving as a summer intern at T. Rowe Price in 2000, covering technology companies. Prior to this, Jeff was a manager in the auditing division of KPMG LLP.
    Mark S. Finn
    Start Date: 05/01/2007
    Finn is the vice president at T. Rowe Price and T. Rowe Price Group, Inc.Finn holds the Chartered Financial Analyst and certified Public Accountant designations.
    Robert Thomas Quinn
    Start Date: 05/01/2007
    Quinn is the vice president at T. Rowe Price and T. Rowe Price Group, Inc. formerly he worked as director of Investment Banking, UBS Investment Bank (to 2004)
    Jason B. Polun
    Start Date: 05/01/2007
    Polun is vice President, employee, T. Rowe Price; formerly vice president, Wellington Management LLP (to 2006); Polun holds the Chartered Financial Analyst designation.