Investment Objective
The fund seeks a high level of dividend income and long-term capital growth.
Performance data quoted represents past performance and does not guarantee future results; current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares, when sold, may be worth more or less than their original cost. Market returns are based on the midpoint of the bid/ask spread as 4p.m. ET and do not represent returns an investor would receive if shares were traded at other times. Click the Performance tab for standardized performance information.
Investment Objective
The fund seeks a high level of dividend income and long-term capital growth.
Benefits
- Focus on above-average yielding value stocks
- Seeks to provide a relatively steady source of return
- Can enhance return potential over time through reinvesting and compounding
- Dividends have historically helped to reduce fund volatility
Investor Profile
For investors with a long-term horizon seeking a:
- Value-oriented, lower-risk approach to long-term capital appreciation
- Core holding for the equity portion of a portfolio
Risks
All investments are subject to market risk, including the possible loss of principal. Dividend-paying stocks: Stocks of companies with a history of paying dividends may not participate in a broad market advance to the same degree as most other stocks, and a sharp rise in interest rates or economic downturn could cause a company to unexpectedly reduce or eliminate its dividend. Value investing: The intrinsic value of a stock with value characteristics may not be fully recognized by the market for a long time (or at all) or a stock judged to be undervalued may actually be appropriately priced at a low level. Foreign investing: Investments in the securities of non-U.S. issuers may be adversely affected by local or regional, political, social, and economic conditions; greater volatility; reduced liquidity; or decreases in foreign currency values relative to the U.S. dollar. See the prospectus for more detail on the fund's principal risks.
Average Annual Returns
Performance data quoted represents past performance and does not guarantee future results; current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares, when sold, may be worth more or less than their original cost. Market returns are based on the midpoint of the bid/ask spread as 4p.m. ET and do not represent returns an investor would receive if shares were traded at other times.
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
Holdings are shown at the issuer/company level as of the date indicated and are subject to change.
The total of the values in the second column in the table may not add up to the Top 10% of Total Net Assets quoted in the table due to rounding.
T. Rowe Price uses the current MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. T. Rowe Price will adhere to all future updates to GICS.
Proxy Portfolio
The Proxy portfolio is a portfolio of cash and securities that is designed to closely track the daily performance of the ETF’s portfolio. This portfolio is disclosed daily based on holdings as of the market close on the prior business day.
There may have been a Custom Basket created for this ETF, click here.
Custom Baskets
A Custom Basket consists of assets used to create (buy) or redeem (sell) shares of an ETF that differ from the proxy portfolio holdings.
This page contains information about the holdings of any Custom Basket(s) accepted or delivered by this ETF, if any were exchanged, on the prior business day except for custom baskets that only substituted positions for cash
Portfolio Overlap is the percentage overlap between the holdings displayed as the Proxy Portfolio and the ETF portfolio, calculated as the prior business day.
The fund's Tracking Error is the standard deviation over the past three months of the daily proxy spread. Tracking Error reflects the difference, in percentage terms, between the Proxy Portfolio’s per share NAV and that of the Fund at the end of the trading day.
Empirical Percentiles track the value of daily deviations between the Fund NAV and the Proxy Portfolio NAV that exceeded a specific percentage of all deviations over the past year. This information is designed to give investors differing levels of confidence that Daily Deviations will be confined to a certain number of basis points.
All figures shown on this page are updated daily and are shown as of the prior business day, as noted above. Please note: Data is provided by third-party service providers and may be delayed. If the date shown above is not the prior business day, we are currently working to have the data updated as soon as possible.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.
For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.
For general inquiries
Individual shares may only be purchased and sold on secondary markets through a broker-dealer. We would be pleased to discuss our solutions, products, and capabilities with you. Call 1-877-561-7670 to learn more about which ETFs may be suitable for your clients.
