T. Rowe Price Capital Appreciation Fund I Class

Frequently Asked Questions About TRAIX

What does TRAIX invest in?

The fund's core objective is to generate significant long-term capital growth. Typically, this fund allocates a minimum of 50% of its overall capital to common stocks. The balance of its assets is generally diversified across various debt instruments, such as corporate and government bonds (including those backed by mortgages and other assets), and syndicated bank loans. These bank loans represent a fractional claim on sums due from a borrower to a consortium of financial institutions. Furthermore, it has the discretion to commit up to 25% of its total assets to international securities.

What is the expense ratio of TRAIX?

T. Rowe Price Capital Appreciation Fund I Class (TRAIX) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TRAIX?

T. Rowe Price Capital Appreciation Fund I Class (TRAIX) manages $40.32B 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 TRAIX actively managed or an index fund?

TRAIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRAIX's is 0.58%) in exchange for the discretion to over- or under-weight positions.

When was TRAIX launched?

T. Rowe Price Capital Appreciation Fund I Class (TRAIX) launched in December 2015 and is managed by T. Rowe Price.

How has TRAIX performed?

TRAIX'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.