T. Rowe Price Tax-Efficient Equity Fund

Frequently Asked Questions About PREFX

What does PREFX invest in?

The fund's primary objective is to make long-term investments in equity securities of growth companies that are deemed high-quality and possess appealing valuations. Its investment selection often follows a growth strategy, focusing on businesses that exhibit qualities such as a consistent track record of increasing revenues, earnings, and cash flow; effective management; desirable market segments; and a durable competitive edge.

What is the expense ratio of PREFX?

T. Rowe Price Tax-Efficient Equity Fund (PREFX) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PREFX?

T. Rowe Price Tax-Efficient Equity Fund (PREFX) manages $1.56B 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 PREFX actively managed or an index fund?

PREFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PREFX's is 0.82%) in exchange for the discretion to over- or under-weight positions.

When was PREFX launched?

T. Rowe Price Tax-Efficient Equity Fund (PREFX) launched in December 2000 and is managed by T. Rowe Price.

How has PREFX performed?

PREFX'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.