# T. Rowe Price All-Cap Opportunities Fund (PRWAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prwax 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: 1985-09-30 The T. Rowe Price All-Cap Opportunities Fund primarily allocates a minimum of 65% of its total assets to equity securities of U.S. corporations. These investments focus on economic sectors that T. Rowe Price identifies as either the fastest growing or possessing the greatest potential for future expansion. The fund also retains the flexibility to invest in international stocks when such holdings align with its overarching investment objectives. ## Key Facts | Metric | Value | |---|---| | Price | $78.64 | | Expense Ratio | 0.80% | | Assets Under Management | $7.21B | | NAV | $78.64 | | Holdings Count | — | | Distribution Yield (TTM) | 8.39% | | Annual Distribution (TTM) | $6.60 /share | | Distribution Frequency | Annual | | 52-Week Range | $69.24 – $87.27 | | Beta | 0.94 | ## Latest Distribution - Amount: $6.5962 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### What does PRWAX invest in? The T. Rowe Price All-Cap Opportunities Fund primarily allocates a minimum of 65% of its total assets to equity securities of U.S. corporations. These investments focus on economic sectors that T. Rowe Price identifies as either the fastest growing or possessing the greatest potential for future expansion. The fund also retains the flexibility to invest in international stocks when such holdings align with its overarching investment objectives. ### What is the expense ratio of PRWAX? T. Rowe Price All-Cap Opportunities Fund (PRWAX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRWAX? T. Rowe Price All-Cap Opportunities Fund (PRWAX) manages $7.21B 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 PRWAX actively managed or an index fund? PRWAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRWAX's is 0.80%) in exchange for the discretion to over- or under-weight positions. ### When was PRWAX launched? T. Rowe Price All-Cap Opportunities Fund (PRWAX) launched in September 1985 and is managed by T. Rowe Price. ### How has PRWAX performed? PRWAX'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 PRWAX pay a dividend? T. Rowe Price All-Cap Opportunities Fund (PRWAX) currently distributes little or no income. Trailing-twelve-month yield is 8.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRWAX pay dividends? T. Rowe Price All-Cap Opportunities 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 PRWAX's dividend yield? PRWAX's trailing-twelve-month yield is 8.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRWAX's next ex-dividend date? The most recently announced ex-dividend date for PRWAX 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 PRWAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.80% 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 PRWAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRWAX'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 PRWAX cost more than a fund like VOO? PRWAX is actively managed (current expense ratio 0.80%). 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 PRWAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRWAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRWAX (0.80%) 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/prwax - Distribution history: https://www.dividenddata.com/funds/prwax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prwax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prwax/expenses - Peer comparison: https://www.dividenddata.com/funds/prwax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.