# T. Rowe Price U.S. Equity Research Fund (PRCOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prcox 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: 1994-11-30 The primary goal of this fund is to achieve sustained long-term capital appreciation. It employs a meticulous portfolio construction strategy, aiming to align its sector and industry allocations closely with those of the Standard & Poor's 500 Stock Index® (S&P 500 Index). While its core holdings consist predominantly of common stocks issued by large U.S. corporations, the fund maintains the discretion to allocate capital to small- and mid-capitalization companies and international securities, in line with its overarching investment objectives. ## Key Facts | Metric | Value | |---|---| | Price | $75.05 | | Expense Ratio | 0.45% | | Assets Under Management | $1.90B | | NAV | $75.05 | | Holdings Count | — | | Distribution Yield (TTM) | 1.05% | | Annual Distribution (TTM) | $0.79 /share | | Distribution Frequency | Annual | | 52-Week Range | $62.39 – $77.57 | | Beta | 1.00 | ## Latest Distribution - Amount: $0.7883 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### What does PRCOX invest in? The primary goal of this fund is to achieve sustained long-term capital appreciation. It employs a meticulous portfolio construction strategy, aiming to align its sector and industry allocations closely with those of the Standard & Poor's 500 Stock Index® (S&P 500 Index). While its core holdings consist predominantly of common stocks issued by large U.S. corporations, the fund maintains the discretion to allocate capital to small- and mid-capitalization companies and international securities, in line with its overarching investment objectives. ### What is the expense ratio of PRCOX? T. Rowe Price U.S. Equity Research Fund (PRCOX) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRCOX? T. Rowe Price U.S. Equity Research Fund (PRCOX) manages $1.90B 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 PRCOX actively managed or an index fund? PRCOX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRCOX's is 0.45%) in exchange for the discretion to over- or under-weight positions. ### When was PRCOX launched? T. Rowe Price U.S. Equity Research Fund (PRCOX) launched in November 1994 and is managed by T. Rowe Price. ### How has PRCOX performed? PRCOX'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 PRCOX pay a dividend? T. Rowe Price U.S. Equity Research Fund (PRCOX) currently distributes little or no income. Trailing-twelve-month yield is 1.05%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRCOX pay dividends? T. Rowe Price U.S. Equity Research Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRCOX's dividend yield? PRCOX's trailing-twelve-month yield is 1.05%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRCOX's next ex-dividend date? The most recently announced ex-dividend date for PRCOX 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 PRCOX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.45% 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 PRCOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRCOX'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 PRCOX cost more than a fund like VOO? PRCOX is actively managed (current expense ratio 0.45%). 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 PRCOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRCOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRCOX (0.45%) 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/prcox - Distribution history: https://www.dividenddata.com/funds/prcox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prcox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prcox/expenses - Peer comparison: https://www.dividenddata.com/funds/prcox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.