# T. Rowe Price Value Fund Advisor Class (PAVLX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pavlx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2000-03-31 The fund's primary goal is to achieve significant long-term growth of capital, accomplished by investing in common stocks it considers undervalued; income generation is a secondary objective. Adopting a value-oriented investment strategy, the fund typically allocates at least 65% of its total assets to common equities that the portfolio manager identifies as undervalued. While it has the flexibility to purchase stocks from companies of any market capitalization, the fund generally concentrates its holdings in large-cap stocks. ## Key Facts | Metric | Value | |---|---| | Price | $55.91 | | Expense Ratio | 0.95% | | Assets Under Management | $33.70B | | NAV | $55.91 | | Holdings Count | — | | Distribution Yield (TTM) | 3.60% | | Annual Distribution (TTM) | $2.01 /share | | Distribution Frequency | Annual | | 52-Week Range | $46.30 – $57.06 | | Beta | 0.68 | ## Latest Distribution - Amount: $2.0111 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### What does PAVLX invest in? The fund's primary goal is to achieve significant long-term growth of capital, accomplished by investing in common stocks it considers undervalued; income generation is a secondary objective. Adopting a value-oriented investment strategy, the fund typically allocates at least 65% of its total assets to common equities that the portfolio manager identifies as undervalued. While it has the flexibility to purchase stocks from companies of any market capitalization, the fund generally concentrates its holdings in large-cap stocks. ### What is the expense ratio of PAVLX? T. Rowe Price Value Fund Advisor Class (PAVLX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PAVLX? T. Rowe Price Value Fund Advisor Class (PAVLX) manages $33.70B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PAVLX actively managed or an index fund? PAVLX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PAVLX's is 0.95%) in exchange for the discretion to over- or under-weight positions. ### When was PAVLX launched? T. Rowe Price Value Fund Advisor Class (PAVLX) launched in March 2000 and is managed by T. Rowe Price. ### How has PAVLX performed? PAVLX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PAVLX pay a dividend? T. Rowe Price Value Fund Advisor Class (PAVLX) currently distributes little or no income. Trailing-twelve-month yield is 3.60%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PAVLX pay dividends? T. Rowe Price Value Fund Advisor Class pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PAVLX's dividend yield? PAVLX's trailing-twelve-month yield is 3.60%, calculated from the sum of dividends over the past year divided by the current price. ### When is PAVLX's next ex-dividend date? The most recently announced ex-dividend date for PAVLX was 2025-12-11. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PAVLX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PAVLX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PAVLX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PAVLX cost more than a fund like VOO? PAVLX is actively managed (current expense ratio 0.95%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PAVLX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PAVLX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PAVLX (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pavlx - Distribution history: https://www.dividenddata.com/funds/pavlx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pavlx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pavlx/expenses - Peer comparison: https://www.dividenddata.com/funds/pavlx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.