Investment objective & strategy
As of Feb. 25, 2026 · prospectusObjective. The fund seeks a high level of dividend income and long-term capital growth primarily through investments in stocks.
Strategy. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with a track record of paying dividends. The fund considers a company to have a track record of paying dividends if the security has paid a dividend within the past 12 months. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund generally seeks investments in large-cap companies. The fund typically employs a value approach in selecting investments. The advisers in-house research team seeks … The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with a track record of paying dividends. The fund considers a company to have a track record of paying dividends if the security has paid a dividend within the past 12 months. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund generally seeks investments in large-cap companies. The fund typically employs a value approach in selecting investments. The advisers in-house research team seeks dividend-paying companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth. At times, the fund may have a significant portion of its assets invested in the same economic sector. While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s).
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SOUTHERN CO | — | $349.40M | 2.16% |
| TOTALENERGIES SE | — | $323.73M | 2.00% |
| SAMSUNG ELECTRONICS CO LTD | — | $321.57M | 1.99% |
| METLIFE INC | — | $307.28M | 1.90% |
| CONOCOPHILLIPS | — | $306.24M | 1.89% |
| SCHWAB CHARLES CORP | — | $296.04M | 1.83% |
| ALPHABET INC CL A | — | $283.53M | 1.75% |
| T Rowe Price Government Reserve Investment Fund | TRPGRIA | $278.38M | 1.72% |
| JPMORGAN CHASE and CO | — | $277.69M | 1.72% |
| CITIGROUP INC | — | $276.95M | 1.71% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| T. Rowe Price Equity Income Portfolio · QAAHCX, QAAHAX | 99% | 0.73% |
| Equity Income Portfolio | 98% | 0.57% |
| MML Equity Income Fund | 98% | 0.79% |
Advisers
| Firm | Role |
|---|---|
| T. Rowe Price Associates, Inc. | Adviser |
Footnotes
- Expense ratio as of February 25, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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