Dividend Growth Fund
Invests at least 65% of its total assets in the common stocks of dividend-paying companies that we expect to increase their dividends over time and also provide long-term appreciation.
Dividend-paying stocks may lag shares of smaller, faster-growing companies. Also, stocks that appear temporarily out of favor may remain out of favor for a long time.
Morningstar (Category)
Morningstar
(Overall Rating)1
Data as of 05/31/2021
Data as of 05/31/2021
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 05/31/2021
Data as of 05/31/2021
Price
(USD)
Daily Price Change
Data as of 06/15/2021
Data as of 06/15/2021
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Strategy
Investment Objective
The fund seeks dividend income and long-term capital growth primarily through investments in stocks.Morningstar Equity Style
Large Blend
Data as of 05/31/2021
The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.
Yields & Dividends (Investor Class)
30-Day SEC Standardized Yield
with waiver
N/AData as of N/A
without waiver
0.86%Data as of 05/31/2021
30-Day Annualized Dividend Yield
with waiver
N/A
Monthly Dividend
(USD)
N/A
Monthly Dividend
Rate
N/A
Average Annual Total Returns (Investor Class)
1 YR
47.00%Benchmark
56.35%Value
-9.35%Data as of 03/31/2021
3 YR
16.01%Benchmark
16.78%Value
-0.77%Data as of 03/31/2021
5 YR
15.09%Benchmark
16.29%Value
-1.20%Data as of 03/31/2021
10 YR
13.26%Benchmark
13.91%Value
-0.65%Data as of 03/31/2021
Expense Ratio
Gross
0.63%Net
0.63%Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
Current Year Performance (Investor Class)
Daily YTD
12.08%Benchmark
13.85%Value
-1.77%Data as of 06/15/2021
Monthly YTD
11.86%Benchmark
12.62%Value
-0.76%Data as of 05/31/2021
One Month
1.01%Benchmark
0.70%Value
0.31%Data as of 05/31/2021
Three Months
11.97%Benchmark
10.72%Value
1.25%Data as of 05/31/2021
Asset Allocation
Net Assets
(USD)
$19.8b
Holdings
Total
Holdings
101
Largest Contributor
Microsoft
5.42%Largest Detractor
Apple
3.49%Sectors
Total
Sectors
11
Contributor
Information Technology
By 0.59%Detractor
Energy
By -0.30%Over
Industrials & Business Services
By 4.62%Under
Communication Services
By -8.02%Team (As of )
Thomas J. Huber, CFA
Portfolio Manager
Tom Huber is the portfolio manager of the US Dividend Growth Equity Strategy as well as chairman of the strategy’s Investment Advisory Committee. He also is an Investment Advisory Committee member of the US Real Estate Equity Strategy. Tom is an executive vice president of the T. Rowe Price Exchange-Traded Funds and a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.
- Fund manager
since 2000 - Years at
T. Rowe Price 26 - Years investment
experience 27
Ira W. Carnahan, CFA
Portfolio Specialist
Ira Carnahan is a portfolio specialist working on the Capital Appreciation, Dividend Growth, and Large-Cap Core Funds in the U.S. Equity Division. He is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 15 - Years investment
experience 16
For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.
How to Invest
View platform information| Share Class | Min Initial Investment (USD) | Min Subsequent Investment (USD) | 12b-1 Fee | Expense Ratio | |||
|---|---|---|---|---|---|---|---|
| Gross | Net | Limitation Type | Limitation Expiration Date | ||||
|
Investor Class Cusip 779546100 |
$2,500 | $100 | 0.00% | 0.63% | 0.63% | N/A | N/A |
|
Advisor Class Cusip 779546209 |
$2,500 | $100 | 0.25% | 0.90% | 0.90% |
N/A |
N/A |
|
I Class Cusip 779546308 |
$1,000,000* | N/A | 0.00% | 0.50% | 0.50% |
N/A |
N/A |
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
Figure applies to all share classes.
Tom Huber is the portfolio manager of the US Dividend Growth Equity Strategy as well as chairman of the strategy’s Investment Advisory Committee. He also is an Investment Advisory Committee member of the US Real Estate Equity Strategy. Tom is an executive vice president of the T. Rowe Price Exchange-Traded Funds and a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.