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Mutual fund T.Rowe Price Capital Appreciation And Income Fund (PRCFX)
December article stated that PRCFX is a closed fund. I went on my account page in Fidelity and found it is apparently open. I do have other funds with TRowePrice but not this one. Inspired by what was stated in the article I searched for it and made a purchase. Perhaps a new look should be made? Pete
Writing could be clear, but PRWCX is indicated as closed, not PRCFX.
"T. Rowe Price Capital Appreciation and Income Fund (PRCFX) The fund many people wished they were in is T. Rowe Price Capital Appreciation (edit PRWCX), but you can’t have it. The fund has been kicking butt, under three different managers, since the 1980s: for every trailing period from one to 40 years, it has higher total return, higher Sharpe, smaller maximum drawdown, and lower Ulcer Index than its peers. And it’s closed.
The fact that the success spans manager tenures suggests it’s the process that works, and TRP has been rolling out a suite of funds that incorporate variations of the discipline. This version (edit PRCFX) is a mixed‑asset conservative fund that seeks total return by pairing income‑oriented fixed income with a risk‑aware equity sleeve, typically keeping roughly half to two‑thirds of assets in bonds and other debt instruments and the balance in stocks..."
Comments
"T. Rowe Price Capital Appreciation and Income Fund (PRCFX)
The fund many people wished they were in is T. Rowe Price Capital Appreciation (edit PRWCX), but you can’t have it. The fund has been kicking butt, under three different managers, since the 1980s: for every trailing period from one to 40 years, it has higher total return, higher Sharpe, smaller maximum drawdown, and lower Ulcer Index than its peers. And it’s closed.
The fact that the success spans manager tenures suggests it’s the process that works, and TRP has been rolling out a suite of funds that incorporate variations of the discipline. This version (edit PRCFX) is a mixed‑asset conservative fund that seeks total return by pairing income‑oriented fixed income with a risk‑aware equity sleeve, typically keeping roughly half to two‑thirds of assets in bonds and other debt instruments and the balance in stocks..."
Attn @David_Snowball