Tax-Efficient Equity Fund

Invests primarily in common stocks to maximize after-tax growth of capital. The fund expects to have significant investments in technology companies.

Holdings are subject to market risk, and share prices may be more volatile than those of a fund focusing on slower-growing or cyclical companies.

Morningstar (Category)

Morningstar
(Overall Rating)1

Large Growth
  (1,116 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

21yrs
$983.9m

Data as of 12/31/2021

Data as of 12/31/2021

Price
(USD)

Daily Price Change

$51.46
$-0.16

Data as of 01/26/2022

Data as of 01/26/2022

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™.

Donald Peters
Donald Peters, Portfolio Manager

Don Peters is a portfolio manager in the U.S. Equity Division. He manages major institutional relationships in the structured active and tax-efficient strategies. Don is a vice president of T. Rowe Price Group, Inc.

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Strategy

Investment Objective

The fund seeks to maximize after-tax growth of capital through investments primarily in common stocks.

US Mutual Fund vendor indices disclaimers

Average Annual Total Returns (Investor Class)

After taxes on distributions

1 YR
21.62%
3 YR
30.55%
5 YR
23.14%
10 YR
17.89%

Average Annual Total Returns (Investor Class)

After taxes on distributions and sale of fund shares

1 YR
13.58%
3 YR
24.93%
5 YR
19.39%
10 YR
15.61%

Data as of 12/31/2021

Sectors

Total
Sectors
10

Data as of 12/31/2021

Benchmark: Russell 3000 Growth Index

Largest Sector Information Technology 43.37% Was (11/30/2021) 43.73%
Other View complete

Contributor

Health Care
By 0.29%
Sector -0.27%
Selection 0.56%

Detractor

Information Technology
By -2.12%
Sector -0.05%
Selection -2.07%

Data as of 12/31/2021

Over

Health Care
By 3.43%
Fund 13.16%
Benchmark 9.72%

Under

Consumer Discretionary
By -2.70%
Fund 15.48%
Benchmark 18.17%

Data as of 12/31/2021

Equities include common stocks as well as convertible securities. 

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

View platform information
1

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2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

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