T. Rowe Price Equity Income
Historical Performance
Objective And Strategy
ObjectiveHigh level of dividend income and long-term capital growth primarily through investments in stocks.
Strategy
Normally invests in at least 80% of assets in stocks, with 65% in the stocks of well-established companies paying above average dividends, with favorable prospects for both increasing dividends and capital appreciation. The Fund typically employs a "value" approach in selecting investments. Seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth. Looks for companies with an established operating history, above-average dividend yields relative to the S&P 500, low price/earnings ratio relative to the S&P 500, a sound balance sheet and other positive financial characteristics, and a low stock price relative to the company's underlying value as measured by assets, cash flow, or business franchises. Can invest in foreign securities.
Principle Risks
N/A
-
Large Cap Value04/2002