T. Rowe Price Equity Income Fd
PRFDX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Baltimore MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Oct 31, 1985
- CIK
- 0000775688
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Equity Income Fund (PRFDX) is an open-end mutual fund that seeks a high level of dividend income and long-term capital growth, investing primarily in common stocks of large-capitalization companies with strong dividend histories or perceived undervaluation; the portfolio normally allocates at least 80% of net assets to equities, emphasizing those expected to exceed the yield of the Russell 1000 Value Index. It maintains heavy exposure to financial services (21.86%), healthcare (12.91%), industrials (12.65%), technology (10.45%), and energy (8.69%) sectors, with top holdings including MetLife Inc., Southern Co., Qualcomm Inc., Citigroup Inc., and JPMorgan Chase & Co., representing 10.26% of the portfolio; the fund holds 90.04% in U.S. stocks, 8.03% in non-U.S. stocks, and 1.45% in cash, serving individual and institutional investors in the large-cap value category. Managed by T. Rowe Price Group, Inc., a global asset manager founded in 1937 and headquartered in Baltimore, Maryland, with offices worldwide including Europe, Asia, and other U.S. locations, the fund was launched on October 31, 1985, and currently oversees total net assets of approximately $16.31 billion, with a share class size of $7.64 billion and a net expense ratio of 0.67%. In recent developments, T. Rowe Price Group acquired alternative credit manager Oak Hill Advisors for $7.5 billion in early 2025, expanding its capabilities in private credit and alternative investments. The firm also formed a strategic partnership with Goldman Sachs in 2025 to develop diversified public and private investment solutions tailored for retirement and wealth management clients. Additionally, T. Rowe Price collaborated with Oak Hill and Ares-backed insurer Aspida on new product offerings and growth initiatives.