T. Rowe Price Capital Opportunity Fund (PRCOX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  December
Morningstar Category  Large Blend
Inception Date 11/30/1994
Tax ID 52-1905304
Investment Objective
The fund seeks to provide long-term capital growth by investing primarily in U.S. common stocks.
A team of T. Rowe Price equity analysts selects stocks for the fund from the industries they cover based on rigorous fundamental analysis that assesses the quality of the business franchise, earnings growth potential for the company, and value of the stock.

The fund’s sector weightings are approximately the same as those of the Standard & Poor’s 500 Stock Index® (S&P 500 Index). The majority of the fund’s assets will be invested in large-capitalization U.S. common stocks, but small- and mid-capitalization and foreign stocks may also be purchased in keeping with fund objectives. In addition, the fund may buy some securities that do not meet its normal investment criteria when it perceives an unusual opportunity for gain.
Risk Potential**
Click on the risk spectrum below to view the funds in that category
The fund offers the possibility of attractive returns through a disciplined portfolio construction process and emphasis on stock selection by our industry-focused analysts. In addition, the fund’s flexible strategy, which gives the management team the latitude to diversify throughout nearly any industry or company size and use either a value or growth approach to select stocks, may help reduce the fund's risk.

There is no guarantee that the fund’s investment approach will succeed, and, as with all equity funds, this fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings. Stocks of growth companies could have sharp price declines if their earnings disappoint investors. Stocks believed to be undervalued (i.e., value stocks) may actually be appropriately priced or may have an intrinsic value that is not recognized by the market for a long time. Small and medium-sized companies held by the fund should generally be more volatile than larger companies, and foreign stock holdings may lose value because of declining foreign currencies or adverse political or economic events overseas.
**This chart displays relative risk of each U.S. mutual fund listed using standard deviation of returns. Those values are provided in the bars at the top of the chart.

Methodology: We evaluate the standard deviation and its resulting placement within a specific risk/return category on an annual basis. A fund is generally placed in a risk/return category based on the 10-year standard deviation of its performance. If a fund is less than 10 years old, the actual fund performance history is supplemented with the primary prospectus benchmark history to obtain a full 10-year history, or longest time period available up to 10 years. For an Asset Allocation fund with less than 10 years of performance history, sub-strategy returns are used. When a sub-strategy is less than 10 years old, the actual sub-strategy performance history is supplemented with benchmark history to obtain a full 10-year history, or longest time period available up to 10 years.

Risk return categories overlap; a fund with a standard deviation in the overlap between two categories, denoted by a plus (+), is placed so that its risk categorization is better aligned with anticipated return characteristics an investor may experience going forward at the discretion of T Rowe Price.

When a fund has a cash-like benchmark, denoted by a double plus (++), its standard deviation is estimated using only available fund returns. If the fund is less than 10 years old, benchmark returns are not used to obtain a full 10-year history because they would artificially suppress the volatility estimate.

All investments are subject to market risk, including the possible loss of principal. Standard deviation of returns, a measure of price volatility, is one measure of risk. Please consult the funds' prospectuses for a more complete discussion of the funds' risks.
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