Morningstar

T. Rowe Price Equity Income Fund Class R RRFDX

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

Strategy

The investment seeks a high level of dividend income and long-term capital growth primarily through investments in stocks. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with a track record of paying dividends. The fund's managers consider a company to have a track record of paying dividends if the security has paid a dividend within the past 12 months. The adviser generally seeks investments in large-capitalization 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
PRFDX	T. Rowe Price Equity Income Fund	No Load	Open			Oct 31, 1985	$8.06B	0.690%	Average	$2,500	−$1.34B
PAFDX	T. Rowe Price Equity Income Fund Advisor Class	No Load	Open			Mar 31, 2000	$120.85M	1.020%	Above Average	$2,500	−$14.97M
REIPX	T. Rowe Price Equity Income Fund I Class	Institutional	Open			Dec 17, 2015	$9.78B	0.560%	Below Average	$500,000	−$367.16M
TRZQX	T. Rowe Price Equity Income Fund Z Class	Institutional	Open		—	Feb 22, 2021	$450.57M	0.000%	Low	$0	−$111.78M
RRFDX	T. Rowe Price Equity Income Fund Class R	Retirement, Medium	Open			Sep 30, 2002	$46.22M	1.250%	Above Average	$2,500	−$6.03M

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