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T. Rowe Price U.S. Equity Research Fund
mutual fund
PACOX
Payout Change
Pending
Price as of:
$59.27
-0.68
-1.13%
primary theme
U.S. Large-Cap Blend Equity
share class
PACOX (Mutual Fund)
T. Rowe Price U.S. Equity Research Fund
Payout Change
Pending
Price as of:
$59.27
-0.68
-1.13%
primary theme
U.S. Large-Cap Blend Equity
share class
PACOX (Mutual Fund)
T. Rowe Price U.S. Equity Research Fund
Payout Change
Pending
Price as of:
$59.27
-0.68
-1.13%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
27.9%
1 yr return
27.9%
3 Yr Avg Return
10.0%
5 Yr Avg Return
15.2%
Net Assets
$11.4 B
Holdings in Top 10
35.3%
52 WEEK LOW AND HIGH
$60.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.82%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.50%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PACOX - Profile
Distributions
- YTD Total Return 27.9%
- 3 Yr Annualized Total Return 10.0%
- 5 Yr Annualized Total Return 15.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.37%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price U.S. Equity Research Fund
-
Fund Family NameT. Rowe Price
-
Inception DateDec 31, 2004
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAnn Holcomb
Fund Description
The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in U.S. equity securities. The strategy attempts to create a portfolio with similar characteristics to the S&P 500 Stock Index® (Index) with the potential to provide excess returns relative to the Index. The fund uses a disciplined portfolio construction process whereby it weights each sector and industry approximately the same as the Index. Within each sector and industry, the weighting of individual fund holdings can vary significantly from their weighting within the Index. The fund attempts to outperform the Index by overweighting those stocks that are viewed favorably relative to their weighting in the Index, and underweighting or avoiding those stocks that are viewed negatively.
A portfolio oversight team, which includes the portfolio managers, is responsible for the overall structure of the fund and for developing rules for portfolio construction. The portfolio oversight team seeks to take advantage of T. Rowe Price’s fundamental research by assigning equity analysts to select stocks for the fund within industries where they have focused expertise. The equity analysts are responsible for selecting stocks and determining the stocks’ weights within their industry-specific portfolios, subject to the oversight and discretion of the portfolio managers who work closely with the analysts.
The fund generally remains fully invested (less than 5% in cash reserves) and seeks to be sector neutral when compared to the Index. While the majority of assets are invested in large-cap U.S. common stocks, the fund may occasionally have some small- and mid-cap exposure in keeping with fund objectives.
At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector.
PACOX - Performance
Return Ranking - Trailing
| Period | PACOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.9% | -52.9% | 49.2% | 10.31% |
| 1 Yr | 27.9% | -52.7% | 48.3% | 11.91% |
| 3 Yr | 10.0%* | -24.5% | 16.8% | 10.75% |
| 5 Yr | 15.2%* | -10.3% | 109.3% | 10.28% |
| 10 Yr | 13.4%* | -0.6% | 52.7% | 3.36% |
* Annualized
Return Ranking - Calendar
| Period | PACOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 28.2% | -42.6% | 47.4% | 3.49% |
| 2022 | -19.8% | -56.3% | -4.2% | 33.42% |
| 2021 | 23.2% | -27.2% | 537.8% | 23.06% |
| 2020 | 18.8% | -22.5% | 2181.7% | 10.87% |
| 2019 | 31.2% | -13.5% | 40.4% | 5.47% |
Total Return Ranking - Trailing
| Period | PACOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.9% | -52.9% | 49.2% | 10.31% |
| 1 Yr | 27.9% | -52.7% | 48.3% | 11.91% |
| 3 Yr | 10.0%* | -24.5% | 16.8% | 10.75% |
| 5 Yr | 15.2%* | -10.3% | 109.3% | 10.28% |
| 10 Yr | 13.4%* | -0.6% | 52.7% | 3.36% |
* Annualized
Total Return Ranking - Calendar
| Period | PACOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 29.4% | -5.0% | 47.4% | 8.15% |
| 2022 | -19.1% | -36.8% | -2.2% | 67.25% |
| 2021 | 27.4% | 3.0% | 537.8% | 42.30% |
| 2020 | 19.4% | -15.8% | 2266.0% | 28.09% |
| 2019 | 32.0% | -0.4% | 241.3% | 16.23% |
NAV & Total Return History
PACOX - Holdings
Concentration Analysis
| PACOX | Category Low | Category High | PACOX % Rank | |
|---|---|---|---|---|
| Net Assets | 11.4 B | 2.34 M | 1.84 T | 14.59% |
| Number of Holdings | 330 | 2 | 3963 | 25.46% |
| Net Assets in Top 10 | 4.42 B | 880 K | 525 B | 16.00% |
| Weighting of Top 10 | 35.33% | 0.3% | 111.6% | 53.96% |
Top 10 Holdings
- APPLE INC 7.40%
- MICROSOFT CORP 6.74%
- NVIDIA CORP 6.06%
- AMAZON.COM INC 3.65%
- META PLATFORMS INC 2.67%
- ALPHABET INC 2.13%
- ELI LILLY CO 1.90%
- BROADCOM INC 1.70%
- TESLA INC 1.60%
- ALPHABET INC 1.47%
Asset Allocation
| Weighting | Return Low | Return High | PACOX % Rank | |
|---|---|---|---|---|
| Stocks | 99.23% | 0.00% | 105.79% | 42.70% |
| Cash | 0.81% | 0.00% | 99.07% | 56.47% |
| Bonds | 0.04% | 0.00% | 93.85% | 7.46% |
| Other | 0.01% | -13.91% | 100.00% | 30.76% |
| Preferred Stocks | 0.00% | 0.00% | 2.15% | 77.45% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 76.96% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PACOX % Rank | |
|---|---|---|---|---|
| Technology | 25.63% | 0.00% | 48.94% | 25.76% |
| Healthcare | 13.88% | 0.00% | 52.29% | 66.30% |
| Consumer Cyclical | 13.30% | 0.00% | 30.33% | 8.95% |
| Financial Services | 12.98% | 0.00% | 55.59% | 70.44% |
| Communication Services | 9.57% | 0.00% | 27.94% | 22.13% |
| Industrials | 7.54% | 0.00% | 29.90% | 85.81% |
| Consumer Defense | 6.11% | 0.00% | 47.71% | 71.20% |
| Utilities | 3.15% | 0.00% | 20.91% | 22.72% |
| Energy | 3.07% | 0.00% | 41.64% | 70.19% |
| Real Estate | 2.54% | 0.00% | 31.91% | 57.18% |
| Basic Materials | 2.24% | 0.00% | 25.70% | 72.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PACOX % Rank | |
|---|---|---|---|---|
| US | 99.23% | 0.00% | 105.79% | 34.83% |
| Non US | 0.00% | 0.00% | 63.83% | 79.02% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PACOX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 0.81% | 0.00% | 100.00% | 51.50% |
| Derivative | 0.01% | -1.48% | 25.41% | 20.68% |
| Securitized | 0.00% | 0.00% | 52.16% | 77.35% |
| Corporate | 0.00% | 0.00% | 100.00% | 80.05% |
| Municipal | 0.00% | 0.00% | 2.10% | 77.09% |
| Government | 0.00% | 0.00% | 100.00% | 77.87% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PACOX % Rank | |
|---|---|---|---|---|
| US | 0.04% | 0.00% | 91.39% | 7.46% |
| Non US | 0.00% | 0.00% | 13.58% | 76.29% |
PACOX - Expenses
Operational Fees
| PACOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.82% | 0.01% | 19.75% | 48.58% |
| Management Fee | 0.33% | 0.00% | 1.90% | 32.58% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.32% |
| Administrative Fee | 0.15% | 0.00% | 0.85% | 75.00% |
Sales Fees
| PACOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PACOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PACOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.50% | 0.00% | 268.00% | 57.73% |
PACOX - Distributions
Dividend Yield Analysis
| PACOX | Category Low | Category High | PACOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.27% | 0.00% | 25.47% | 69.49% |
Dividend Distribution Analysis
| PACOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PACOX | Category Low | Category High | PACOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.37% | -54.00% | 2.44% | 70.00% |
Capital Gain Distribution Analysis
| PACOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.158 | OrdinaryDividend |
| Dec 13, 2023 | $0.409 | OrdinaryDividend |
| Dec 13, 2022 | $0.344 | OrdinaryDividend |
| Dec 15, 2021 | $1.510 | OrdinaryDividend |
| Dec 15, 2020 | $0.190 | OrdinaryDividend |
| Dec 16, 2019 | $0.070 | OrdinaryDividend |
| Dec 16, 2019 | $0.130 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.090 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.940 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.200 | OrdinaryDividend |
| Dec 15, 2017 | $0.150 | CapitalGainShortTerm |
| Dec 15, 2017 | $1.400 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.150 | OrdinaryDividend |
| Dec 15, 2016 | $0.040 | CapitalGainShortTerm |
| Dec 15, 2016 | $1.320 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.230 | OrdinaryDividend |
| Dec 15, 2015 | $0.020 | CapitalGainShortTerm |
| Dec 15, 2015 | $1.540 | CapitalGainLongTerm |
| Dec 15, 2015 | $0.280 | OrdinaryDividend |
| Dec 15, 2014 | $0.140 | CapitalGainShortTerm |
| Dec 15, 2014 | $0.760 | CapitalGainLongTerm |
| Dec 15, 2014 | $0.200 | OrdinaryDividend |
| Dec 16, 2013 | $0.140 | OrdinaryDividend |
| Dec 17, 2012 | $0.180 | OrdinaryDividend |
| Dec 15, 2011 | $0.100 | OrdinaryDividend |
| Dec 15, 2010 | $0.120 | OrdinaryDividend |
| Dec 15, 2009 | $0.110 | OrdinaryDividend |
| Dec 15, 2008 | $0.050 | CapitalGainLongTerm |
| Dec 15, 2008 | $0.140 | OrdinaryDividend |
| Dec 18, 2007 | $0.040 | CapitalGainShortTerm |
| Dec 18, 2007 | $0.410 | CapitalGainLongTerm |
| Dec 18, 2007 | $0.120 | OrdinaryDividend |
| Dec 19, 2006 | $0.090 | OrdinaryDividend |
PACOX - Fund Manager Analysis
Managers
Ann Holcomb
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Ann Holcomb is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company. She is also a portfolio manager and quantitative analyst in the Quantitative Equity Group. Ann is a vice president and Investment Advisory Committee member of the Capital Opportunity Fund. She joined the firm in 1996, and her investment experience dates from 1995.Prior to her current position, she was an investment data analyst and database programmer in the Quantitative Equity Group. Ann earned a B.A. in mathematics from Goucher College and an M.S. in finance from Loyola University Maryland. She has also earned the Chartered Financial Analyst designation.
Jason Polun
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Jason Polun is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He joined the T. Rowe Price Group in 2003. He is a director of equity research for North America, chair of the Equity Research Advisory Committee, and a member of the Equity Steering Committee. In addition, Jason is co-portfolio manager of the Capital Opportunity Fund and is a member of the portfolio oversight team. He is also cochair of the Capital Opportunity Fund's Investment Advisory Committee. Previously, Jason was a research analyst following money center banks and specialty finance companies and a member of the Investment Advisory Committee of the Equity Income Fund and Financial Services Fund. Prior to rejoining the firm in 2007, Jason was employed by Wellington Management Company, LLP, as a vice president and an equity research analyst, where his coverage included aerospace and defense, energy, packaged food, restaurant, and chemical companies. He earned a B.S. in business and finance from Mount St. Mary's College and an M.B.A. in finance and accounting from The Wharton School at the University of Pennsylvania, where he was a Palmer Scholar. He has also earned the Chartered Financial Analyst designation.
Jason(Jay) Nogueira
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Mr. Nogueira has been chairman of the committee since the fund’s inception. He joined the Firm in 2004 and has a total of 15 years of investment experience. Since joining the T. Rowe, he has served as a portfolio manager (beginning in 2016) and as an equity research analyst and assisted other portfolio managers in executing certain of the Firm’s equity strategies. Nogueira holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.29 | 2.42 |
