Morningstar

T. Rowe Price Equity Income Fund Class R RRFDX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $45.27  /  −0.55 %
  • Fund Size $18.5B
  • Adjusted Expense Ratio 1.250%
  • Net Expense Ratio 1.220%
  • Fee Level: Distribution Above Average
  • Share Class Type Retirement, Medium
  • Morningstar Category Large Value
  • Equity Style Box (Funds) Large Value
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 0.91%
  • Turnover Ratio 18%
NAV and 1-Day Return as of

Morningstar’s Analysis RRFDX

Will RRFDX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RRFDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RRFDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RRFDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Downgraded, but still a decent option for equity income.

Analyst Drew Carter

Drew Carter

Analyst

Summary

The T. Rowe Price Equity Income strategy, which includes vehicles under other labels run in parallel, as well as an exchange-traded fund and separately managed accounts, remains a decent option for yield-oriented large-value investors. However, lower conviction in its undifferentiated approach leads to a Process downgrade to Average from Above Average.

by Drew Carter
Rated on Published on

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Portfolio Holdings RRFDX

More RRFDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

6.58 1B
Technology

Amazon.com Inc

5.84 1B
Consumer Cyclical

Apple Inc

4.65 814M
Technology

MetLife Inc

2.25 393M
Financial Services

Intel Corp

1.88 330M
Technology

TotalEnergies SE

1.75 306M
Energy

JPMorgan Chase & Co

1.72 302M
Financial Services

Qualcomm Inc

1.70 297M
Technology

Southern Co

1.64 287M
Utilities

ConocoPhillips

1.60 280M
Energy

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