T. Rowe Price Capital Appreciation Fund Advisor Class NMFQS:PACLX

Allocation--50% to 70% Equity | T. Rowe Price

$35.34

↓ $-0.11 (-0.31%)

Last Updated: Feb 01, 2026

Fund Information

Fund Category Allocation--50% to 70% Equity

Fund Family T. Rowe Price

Fund Style Large Blend

ISIN US77954M2044

CUSIP 77954M204

Inception Date 1986-06-30

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $70.59 Billion

Share Class Net Assets $828.90 Million

Expense Ratio 0.97%

Expense Ratio Date 2025-03-01

Dividend Yield 0.02%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.74%

1-Year Return 9.74%

3-Year Return 12.80%

5-Year Return 9.78%

NAV $35.34

Previous Close Price $35.45

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.02%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About T. Rowe Price Capital Appreciation Fund Advisor Class

The fund normally invests at least 50% of its total assets in stocks and the remaining assets are generally invested in corporate and government debt (including mortgage- and asset-backed securities) and bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders) in keeping with the fund's objective. It may also invest up to 25% of its total assets in foreign securities.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 319017.19%

Giant 27.43%

Large 8.80%

Medium 16.65%

Micro 0.00%

Small 3.38%

Value & Growth Metrics

Book-Value Growth % 8.78%

Cash-Flow Growth % 5.41%

Dividend Yield % 1.09%

Historical Earnings % 10.45%

Long-Term Earnings % 10.08%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	32.92%	32.92%	0.00%	42.35%	35.38%
Cash	2.35%	2.72%	0.37%	12.77%	0.00%
Non US Stock	1.00%	1.00%	0.00%	8.75%	8.03%
Not Classified	0.07%	0.07%	0.00%	0.66%	0.00%
Other	8.68%	8.68%	0.00%	8.25%	4.52%
US Stock	54.99%	55.26%	0.27%	53.77%	52.07%

Top Holdings

Name	Weight	Owned	Change
MICROSOFT CORP	5.57%	-	-
T. Rowe Price Government Reserve Fund	4.77%	-	-
UNITED STATES TREASURY NOTE/BOND	2.22%	-	-
ALPHABET INC	2.75%	-	-
AMAZON.COM INC	4.12%	-	-
UNITEDHEALTH GROUP INC	2.57%	-	-
NVIDIA CORP	5.00%	-	-
INTUIT INC	2.02%	-	-
ROPER TECHNOLOGIES INC	2.90%	-	-
BECTON DICKINSON CO	2.79%	-	-
APPLE INC	4.37%	-	-
META PLATFORMS INC	2.21%	-	-

See the full breakdown of PACLX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	11.37%	15.88%	7.64%	0.00%
Bond Sector	Corporate	11.37%	19.62%	46.53%	40.75%
Bond Sector	Derivative	11.37%	6.52%	0.00%	0.00%
Bond Sector	Government	11.37%	40.60%	45.66%	50.02%
Bond Sector	Municipal	11.37%	0.16%	0.00%	0.04%
Bond Sector	Securitized	11.37%	17.23%	0.17%	9.18%
Cyclical	Basic Materials	0.00%	2.83%	0.00%	2.56%
Cyclical	Consumer Cyclical	10.78%	10.42%	0.00%	10.55%
Cyclical	Financial Services	7.49%	15.67%	0.00%	14.69%
Cyclical	Real Estate	0.00%	1.76%	0.00%	2.24%
Defensive	Consumer Defensive	1.12%	4.96%	0.00%	4.71%
Defensive	Healthcare	20.07%	10.74%	0.00%	9.68%
Defensive	Utilities	11.37%	3.08%	0.00%	2.35%
Sensitive	Communication Services	9.52%	9.41%	0.00%	9.70%
Sensitive	Energy	1.78%	3.23%	0.00%	3.06%
Sensitive	Industrials	1.78%	9.83%	0.00%	9.65%
Sensitive	Technology	36.09%	28.07%	0.00%	30.83%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.33%	-	0.29%
Americas	North America	87.25%	100.00%	87.95%
Greater Asia	Asia Developed	1.82%	-	0.94%
Greater Asia	Asia Emerging	1.03%	-	0.95%
Greater Asia	Australasia	0.42%	-	0.70%
Greater Asia	Japan	1.84%	-	2.46%
Greater Europe	Africa/Middle East	0.25%	-	0.29%
Greater Europe	Europe Developed	5.12%	-	4.94%
Greater Europe	Europe Emerging	0.06%	-	0.08%
Greater Europe	United Kingdom	1.88%	-	1.41%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-18	$0.707	$0.707	USD	-	-	-	-
2023-12-19	$0.633	$0.633	USD	-	2023-12-18	2023-12-20	Annual
2022-12-19	$0.397	$0.397	USD	2022-12-19	2022-12-16	2022-12-20	Annual
2021-12-14	$0.230	$0.230	USD	2021-12-13	2021-12-13	2021-12-15	Annual
2020-12-14	$0.300	$0.300	USD	2020-12-11	2020-12-11	2020-12-15	Annual
2019-12-13	$0.390	$0.390	USD	2019-12-12	2019-12-12	2019-12-16	Other
2018-12-13	$0.570	$0.570	USD	2018-12-12	2018-12-12	2018-12-14	Other
2017-12-14	$0.270	$0.270	USD	2017-12-13	2017-12-13	2017-12-15	Other
2016-12-14	$0.320	$0.320	USD	2016-12-13	2016-12-13	2016-12-15	Other
2015-12-14	$0.300	$0.300	USD	-	-	-	-
2014-12-12	$0.300	$0.300	USD	2014-12-12	2014-12-11	2014-12-15	Other
2013-12-13	$0.230	$0.230	USD	2013-12-12	2013-12-12	2013-12-16	Other
2012-12-14	$0.350	$0.350	USD	2012-12-13	2012-12-13	2012-12-17	Other
2011-12-14	$0.270	$0.270	USD	-	2011-12-13	2011-12-15	Annual
2010-12-14	$0.300	$0.300	USD	-	2010-12-13	2010-12-15	Other
2009-12-14	$0.360	$0.360	USD	-	2009-12-11	2009-12-15	Annual
2008-12-12	$0.340	$0.340	USD	-	2008-12-11	2008-12-15	Other
2007-12-18	$0.470	$0.470	USD	-	2007-12-17	2007-12-19	Other
2006-12-19	$0.460	$0.460	USD	-	2006-12-18	2006-12-20	Other
2005-12-13	$0.290	$0.290	USD	-	-	-	-