- 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 $1.49B 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.
