Skip to Content
Premium Article

Morningstar Adds Two Funds to Large-Value Picks

T. Rowe Price Equity-Income and ICAP Select Equity join list of top funds.

Mentioned: ,

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.

This article is exclusive to Morningstar Premium members.

Start a 14-Day Free Trial

Scott Cooley does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.