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  • T. Rowe Price Equity Income Fund (PRFDX)
    Ticker Symbol:
    PRFDX
    Fund Status:
    Open to new Retail investors  /  Open to subsequent Retail investments
    Fund Objective
    Quick Stats
    Fiscal Year End  December
    Morningstar Category  Large Value
    Inception Date 10/31/1985
    Tax ID 52-1424600
    Investment Objective
    The fund's objective is to seek a high level of dividend income and long-term capital growth primarily through investments in stocks.
    Strategy
    To 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.
    Investor Profile
    Individuals seeking a relatively conservative approach to investing in stocks who can accept the risk of loss inherent in common stock investing. Appropriate for both regular and tax-deferred accounts, such as IRAs.
    Risk/Reward Potential*
    Click on the risk/reward spectrum below to view the funds in that category
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    This fund offers a relatively conservative, value-oriented way to pursue substantial dividend income and long-term capital growth potential. It invests in common stocks of established firms that are expected to pay above-average dividends. By investing in stocks that already appear to be out of favor or undervalued, the fund should be less volatile than one investing in growth stocks. If, as the manager expects, the underpriced holdings regain favor in the marketplace, their stock prices may riseóproviding capital appreciation opportunities.

    The value approach carries the risk that the market will not recognize a securityís true worth for a long time, or that a stock judged to be undervalued may actually be appropriately priced. As with all equity funds, the fundís share price can fall because of weakness in the broad market, a particular industry, or specific holdings.
    *Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
    See Glossary for additional details on all data elements.