T. Rowe Price Tax-Efficient Equity Fund (PREFX)
Ticker Symbol:
PREFX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Performance
Quick Stats
Current NAV as of 05/24/2013 $17.50
NAV Change -$0.03
Net Assets as of 04/30/2013 $113.36 Million
Daily YTD Return as of 05/24/2013 14.08%
Three Month Return as of 04/30/2013 5.39%
Expense Ratio as of 02/29/2012 1.03%
Historical Prices
Select Range: 1Yr | 3 Yrs | 5 Yrs | 10 Yrs Since Inception
Monthly High   $17.00   04/30/2013
Monthly Low   $16.33   04/18/2013
Month End   $17.00   04/30/2013
YTD High   $17.84   05/17/2013
YTD Low   $15.70   01/08/2013
2012 Year High $15.67 09/14/2012
2012 Year Low $13.35 01/01/2012
2011 Year High $14.89 07/07/2011
2011 Year Low $11.80 10/03/2011
2010 Year High $13.53 12/22/2010
2010 Year Low $10.37 07/02/2010
Average Annual Total Returns and Benchmarks
as of 03/31/2013
Benchmark Definitions
Distribution Schedule
Dividends Annual
Capital Gains Annual
Distribution History
Dividends
Date
Per Share Amount
Reinvestment Price
12-14-2010 $0.021 $13.33
12-14-2011 $0.025 $13.13
12-14-2012 $0.045 $15.20
01-02-2013 $0.005 $15.34
Distribution amounts are rounded to the nearest cent. Shareholders should refer to their statements for exact distribution amounts.
Calendar Year Total Returns
2003 37.05%
2004 14.04%
2005 4.63%
2006 8.50%
2007 13.38%
2008 -43.45%
2009 41.73%
2010 21.38%
2011 -0.92%
2012 15.28%
Performance Comparison
as of 04/30/2013
This chart shows the value of a hypothetical $10,000 investment in the fund over the past 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.
Benchmark Definitions
Average Annual Total Returns1
  Month End
4/30/13 		Quarter End
3/31/13
1 Year 10.75% 8.84%
3 Years 12.91% 12.93%
5 Years 5.51% 6.53%
10 Years 8.81% 9.57%
Since Inception 4.45% 4.36%
Inception Date December 29, 2000
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.
The Tax-Efficient Equity Fund charges a 1% redemption fee on shares held less than 365 days. The performance information shown does not reflect the deduction of the redemption fee; if it did, the performance would be lower.
After-Tax
Average Annual Total Returns

as of 03/31/2013
  Returns after
taxes on
distributions		 Returns after taxes
on distributions and
sale of fund shares
1 Year 8.79% 5.09%
5 Years 6.51% 5.13%
10 Years 9.56% 7.90%
Since Inception 4.35% 3.50%
For information about after-tax returns click here.
Share Splits
as of 04/30/2013
Split Type N/A
Effective Date N/A
Pre-Split NAV N/A
Post-Split NAV N/A
1 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.
See Glossary for additional details on all data elements.