# T. Rowe Price All-Cap Opportunities Fund - Advisor Class (PAWAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pawax 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: 2005-12-29 This investment vehicle strives for significant long-term wealth appreciation. Its primary strategy involves directing capital into equity shares of companies that exhibit strong growth trajectories. A substantial portion of its holdings, specifically at least 65% of its entire asset base, is allocated to common stocks of U.S.-based businesses. These companies are selected from economic sectors that T. Rowe Price has identified as either experiencing the most rapid growth or possessing the most promising future expansion potential. Furthermore, the fund has the discretion to invest in inter... ## Key Facts | Metric | Value | |---|---| | Price | $75.20 | | Expense Ratio | 1.05% | | Assets Under Management | $6.89B | | NAV | $75.20 | | Holdings Count | — | | Distribution Yield (TTM) | 8.73% | | Annual Distribution (TTM) | $6.57 /share | | Distribution Frequency | Annual | | 52-Week Range | $65.61 – $83.08 | | Beta | 0.94 | ## Latest Distribution - Amount: $6.5661 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### What does PAWAX invest in? This investment vehicle strives for significant long-term wealth appreciation. Its primary strategy involves directing capital into equity shares of companies that exhibit strong growth trajectories. A substantial portion of its holdings, specifically at least 65% of its entire asset base, is allocated to common stocks of U.S.-based businesses. These companies are selected from economic sectors that T. Rowe Price has identified as either experiencing the most rapid growth or possessing the most promising future expansion potential. Furthermore, the fund has the discretion to invest in international equities, provided these align with its main objective. ### What is the expense ratio of PAWAX? T. Rowe Price All-Cap Opportunities Fund - Advisor Class (PAWAX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PAWAX? T. Rowe Price All-Cap Opportunities Fund - Advisor Class (PAWAX) manages $6.89B 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 PAWAX actively managed or an index fund? PAWAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PAWAX's is 1.05%) in exchange for the discretion to over- or under-weight positions. ### When was PAWAX launched? T. Rowe Price All-Cap Opportunities Fund - Advisor Class (PAWAX) launched in December 2005 and is managed by T. Rowe Price. ### How has PAWAX performed? PAWAX'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 PAWAX pay a dividend? T. Rowe Price All-Cap Opportunities Fund - Advisor Class (PAWAX) currently distributes little or no income. Trailing-twelve-month yield is 8.73%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PAWAX pay dividends? T. Rowe Price All-Cap Opportunities 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 PAWAX's dividend yield? PAWAX's trailing-twelve-month yield is 8.73%, calculated from the sum of dividends over the past year divided by the current price. ### When is PAWAX's next ex-dividend date? The most recently announced ex-dividend date for PAWAX 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 PAWAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.05% 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 PAWAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PAWAX'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 PAWAX cost more than a fund like VOO? PAWAX is actively managed (current expense ratio 1.05%). 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 PAWAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PAWAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PAWAX (1.05%) 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/pawax - Distribution history: https://www.dividenddata.com/funds/pawax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pawax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pawax/expenses - Peer comparison: https://www.dividenddata.com/funds/pawax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.