Is T. Rowe Price Equity Income Fund (PRFDX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
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Source: NASDAQ.COM
T. Rowe Price Equity Income Fund Overview: The T. Rowe Price Equity Income Fund (PRFDX) is a Large Cap Value mutual fund with a Zacks Mutual Fund Rank of 1 (Strong Buy), focusing on stable income through investments in large-cap stocks, and has delivered a 5-year annualized return of 10.75%.
Performance and Costs: While PRFDX has lower fees (0.67% expense ratio) compared to its peers, it exhibits higher volatility than the category average, with a negative alpha indicating challenges in outperforming the benchmark S&P 500.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
