• Log Out Log In
  • T. Rowe Price Capital Appreciation Fund (PRWCX)
    Back to Main Page

    Capital Appreciation Fund (PRWCX)

    About The Capital Appreciation Fund

    The fund seeks long-term capital appreciation by investing primarily in common stocks. It may hold fixed-income and other securities to help preserve principal value.

    David R. Giroux has managed this fund since 07/01/2006.

    Because of the fund's fixed-income holdings or cash position, it may not keep pace in a rapidly rising market. And its value orientation carries the possibility that the market will not recognize a security's intrinsic worth for an unexpectedly long time or that a stock judged to be undervalued may actually be appropriately priced.

    Asset Allocation as of 09/30/2014

    Domestic Stock 62.0%
    Domestic Bond 23.7%
    Cash 6.7%
    Foreign Bonds 5.1%
    Foreign Stock 2.7%
    Preferreds 0.4%
    Convertibles 0.2%
    Options -0.4%

    10 Largest Holdings

    Represents 26.13 % of Total Net Assets
    View Holdings as of:
    AutoZone
    Danaher
    Fiserv
    Intelsat Bermuda Ltd
    Marsh & McLennan Cos
    Thermo Fisher Scientific
    US TREASURY NOTE
    United Technologies
    UnitedHealth Group
    XCEL Energy
    As of 09/30/2014 the Capital Appreciation Fund had a total of 284 holdings.

    Good for...

    Individuals seeking capital appreciation who can accept the price declines inherent in common stock investing but prefer a strategy that focuses on reducing risk as much as maximizing gains. Appropriate for both regular and tax-deferred accounts, such as IRAs.

    Performance as of 09/30/2014

    Average Annual Total Returns and Benchmarks

    Average Annual Total Returns2

      Month End
    10/31/14
    Quarter End
    9/30/14
    1 Year 13.99% 13.82%
    3 Years 16.00% 18.25%
    5 Years 14.02% 13.19%
    10 Years 9.24% 8.99%
    Since Inception 11.56% 11.48%
    Inception Date June 30, 1986
    Expense Ratio as of 12/31/2013 0.71%
    Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares.
    2 Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions. For funds less than one year old, the Since Inception return figure is not annualized and represents an aggregate total return.

    Overall Morningstar Rating as of 09/30/20141

    Morningstar rated the Capital Appreciation Fund among 737, 737, 652 and 430 Moderate Allocation funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 09/30/2014, respectively. Morningstar Ratings™ are based on risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics.

    Ready to Prepare Your Portfolio?
    1 For funds with at least a 3-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the bottom 10% 1 star. Each share class is counted as a fraction of 1 fund within this scale and rated separately. Morningstar Rating™ is for the retail share class only; other classes may have different performance characteristics.
    ©2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.