T. Rowe Price Equity Income Fund
T. ROWE PRICE EQUITY INCOME FUND, INC. · Series S000002076 · 5 share classes
data updated 2026-09-08
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 Q2
| Stocks | 97.29% |
| Cash & short-term | 0.21% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +25.46% | +50.71% | +57.57% | 11.21% | -9.39% | |
| +25.06% | +49.28% | +55.14% | 11.19% | -9.44% | |
| +24.80% | +48.24% | +53.27% | 11.19% | -9.50% | |
| +25.63% | +51.28% | +58.55% | 11.23% | -9.35% | |
| +26.32% | +53.88% | +62.99% | 11.20% | -9.23% |
These classes hold the same portfolio, so the 9.72pp spread over 5 years is the cost difference between them — roughly 1.94pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 2026-06-30
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 2026Q2
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 | Reported price | Value | Shares |
|---|---|---|---|---|---|
| AMZN | AMAZON.COM INCAMZN | 4.18% | $238.34 | $738.85M | 3.1M |
| MSFT | MICROSOFT CORPMSFT | 4.06% | $373.02 | $718.06M | 1.9M |
| AAPL | APPLE INCAAPL | 3.27% | $289.36 | $577.56M | 2.0M |
| INTC | INTEL CORPINTC | 2.03% | $139.63 | $359.27M | 2.6M |
| MET | METLIFE INCMET | 2.03% | $84.61 | $358.32M | 4.2M |
| SO | The SOUTHERN COSO | 1.93% | $95.71 | $341.11M | 3.6M |
| C | CITIGROUP INCC | 1.80% | $139.96 | $317.71M | 2.3M |
| QCOM | QUALCOMM INCQCOM | 1.76% | $184.79 | $310.45M | 1.7M |
| JPM | J.P. MORGAN CHASE & CO.JPM | 1.71% | $327.33 | $301.80M | 922.0K |
| — | TOTALENERGIES SE | 1.60% | $77.36 | $282.16M | 3.6M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 24.37% of net assets, top 25 45.09%, across 118 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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