Morningstar

T. Rowe Price Hedged Equity Fund PHEFX

Medalist Rating as of Apr 27, 2026 See T. Rowe Price Investment Hub

Strategy

The investment seeks to provide long-term capital growth. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities and derivatives that have similar economic characteristics to equity securities or the equity markets. The fund may purchase the stocks of companies of any size and invest in any type of equity security, but its focus will typically be on common stocks of large-cap U.S. companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHEFX	T. Rowe Price Hedged Equity Fund	No Load	Open			Jul 5, 2023	$7.97M	0.750%	Low	$2,500	$333,625.77
PHEIX	T. Rowe Price Hedged Equity Fund-I Class	Institutional	Open			Jul 5, 2023	$431.89M	0.490%	Low	$500,000	−$13.53M
PZHEX	T. Rowe Price Hedged Equity Fund-Z Class	Institutional	Open		—	Jul 5, 2023	$3.65B	0.000%	Low	$0	−$213.13M

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