T. Rowe Price Equity Income Fund
T. ROWE PRICE EQUITY INCOME FUND, INC. · Series S000002076 · 5 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q1
The fund seeks a high level of dividend income and long-term capital growth primarily through investments in stocks.
The fund invests at least 80% of its assets in large-cap stocks with a history of dividend payments, using a value approach to identify companies that appear undervalued and offer prospects for dividend growth and capital appreciation. The fund's adviser screens for dividend-paying stocks that may be temporarily out of favor rather than tracking an index. Because performance depends on the adviser's security selection, results may diverge significantly from broad market returns.
| Share class | Gross | Net | As of |
|---|---|---|---|
| PRFDX | 0.67% | 0.67% | 2025 Q1 |
| PAFDX | 0.98% | 0.98% | 2025 Q1 |
| RRFDX | 1.25% | 1.25% | 2025 Q1 |
| REIPX | 0.56% | 0.56% | 2025 Q1 |
| TRZQX | 0.53% | 0.00% | 2025 Q1 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 18.20% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 98.00% |
| Cash & short-term | 1.72% |
| Derivatives | -0.02% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — |
Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | TOTALENERGIES SE | 2.28% | $368.87M | 4.0M |
| SO | The SOUTHERN COSO | 2.16% | $349.40M | 3.6M |
| — | SAMSUNG ELECTRONICS CO LTD | 1.99% | $321.57M | 2.7M |
| MET | METLIFE INCMET | 1.90% | $307.28M | 4.3M |
| COP | CONOCOPHILLIPSCOP | 1.89% | $306.24M | 2.3M |
| SCHW | SCHWAB (CHARLES) CORPSCHW | 1.83% | $296.04M | 3.1M |
| GOOGL | ALPHABET INC CL AGOOGL | 1.75% | $283.53M | 986.0K |
| — | T. Rowe Price Government Reserve Fund | 1.72% | $278.38M | — |
| JPM | J.P. MORGAN CHASE & CO.JPM | 1.72% | $277.69M | 944.0K |
| C | CITIGROUP INCC | 1.71% | $276.95M | 2.4M |
Top 10 positions are 18.95% of net assets, top 25 39.94%, across 125 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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