Morningstar Adds Two Funds to Large-Value Picks
T. Rowe Price Equity-Income and ICAP Select Equity join list of top funds.
There are a lot of terrific offerings in the large-value category, and we have added two of them to our list of large-value Fund Analyst Picks: T. Rowe Price Equity-Income (PRFDX) and ICAP Select Equity (ICSLX). In fact, we think enough of both of them that we also have given them slots in the portfolios we have built for Morningstar FundInvestor subscribers.
T. Rowe Price Equity-Income offers what a lot of folks are looking for in a large-value fund. Manager Brian Rogers is very experienced and has built a good long-term record by favoring stocks with reasonable valuations and decent dividend yields. Rogers' attention to valuations has paid off in the recent bear market, as the market has gravitated toward the real companies with genuine earnings that he prefers. Between early 2000 and May 10, 2002, the fund has beaten its typical large-value rival by more than 15 percentage points. In addition to great recent and long-term marks, the fund offers a pleasingly mild expense ratio of just 0.80%, and it has been less volatile than its typical category rival.
Scott Cooley does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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