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 08/31/2020
Data as of 08/31/2020
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 08/31/2020
Data as of 08/31/2020
Price
(USD)
Daily Price Change
Data as of 09/30/2020
Data as of 09/30/2020
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 08/31/2020
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
1.14%Data as of 08/31/2020
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
3.04%Benchmark
7.51%Value
-4.47%Data as of 06/30/2020
3 YR
10.05%Benchmark
10.73%Value
-0.68%5 YR
10.46%Benchmark
10.73%Value
-0.27%10 YR
13.48%Benchmark
13.99%Value
-0.51%Expense Ratio
Gross
0.62%Net
0.62%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.
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
1.91%Benchmark
5.57%Value
-3.66%Data as of 09/30/2020
Monthly YTD
4.23%Benchmark
9.74%Value
-5.51%Data as of 08/31/2020
One Month
4.70%Benchmark
7.19%Value
-2.49%Three Months
11.25%Benchmark
15.48%Value
-4.23%Asset Allocation
Net Assets
(USD)
$16.5b
Holdings
Total
Holdings
105
Largest Contributor
Microsoft
5.69%Largest Detractor
Ross Stores
1.01%Sectors
Total
Sectors
11
Contributor
Health Care
By 0.06%Detractor
Consumer Discretionary
By -1.20%Over
Industrials & Business Services
By 3.66%Under
Communication Services
By -7.96%Team (As of )
Thomas J. Huber, CFA
Portfolio Manager
Tom Huber is the portfolio manager of the US Dividend Growth Equity Strategy in the U.S. Equity Division. He also is the chairman of the Investment Advisory Committee of the US Dividend Growth Equity Strategy and an Investment Advisory Committee member of the US Large-Cap Core Growth Equity and US Real Estate Equity Strategies. Tom is a vice president of T. Rowe Price Group, Inc.
- 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 in the U.S. Equity Division of T. Rowe Price, working on the Capital Appreciation, Dividend Growth, and Large-Cap Core Funds. Before his current role, he was an investment analyst following consumer discretionary and consumer staples companies. 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% | 0.62% | 0.62% | N/A | N/A |
|
Advisor Class Cusip 779546209 |
$2,500 | $100 | 0.25% | 0.91% | 0.91% |
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.
© 2020 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 in the U.S. Equity Division. He also is the chairman of the Investment Advisory Committee of the US Dividend Growth Equity Strategy and an Investment Advisory Committee member of the US Large-Cap Core Growth Equity and US Real Estate Equity Strategies. Tom is a vice president of T. Rowe Price Group, Inc.