TRAIX Performance — T. Rowe Price Capital Appreciation Fund, I Class
Data updated: 2026-08-27
TRAIX returned +6.02% year to date and +12.19% over one year to Jun 2026. Annualised returns are +12.90% over 3 years and +8.80% over 5 years. Against its Moderate Allocation category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $144, against $141 for the category, and to $112 over one year, against $115. Volatility over the past three years was 8.32% a year. In the 12 months to Jun 2026 the fund took in a net $476.0M, and assets reached $70.40B.
TRAIX Growth of $100
What $100 invested in T. Rowe Price Capital Appreciation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | TRAIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $112 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $144 | $141 |
| 5 years (Jul 2021 – Jun 2026) | $152 | $133 |
| Since data start (Jul 2019 – Jun 2026) | $211 | $169 |
TRAIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.02% |
| 1 year | +12.19% |
| 3 years (annualised) | +12.90% |
| 5 years (annualised) | +8.80% |
TRAIX Annual Returns
Calendar-year total returns of T. Rowe Price Capital Appreciation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.02% |
| 2025 | +12.61% |
| 2024 | +12.84% |
| 2023 | +18.99% |
| 2022 | −11.85% |
| 2021 | +18.67% |
| 2020 | +18.31% |
| 2019 (Jul–Dec) | +6.19% |
TRAIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | −0.6% | −3.0% | +6.5% | +3.1% | −0.3% | — | — | — | — | — | — |
| 2025 | +3.3% | −1.2% | −1.9% | +0.3% | +2.8% | +3.2% | +2.3% | +0.4% | +1.2% | +1.8% | +0.5% | −0.5% |
| 2024 | +0.4% | +2.8% | +1.9% | −2.5% | +2.4% | +2.1% | +2.3% | +1.2% | +1.9% | −1.5% | +3.4% | −2.1% |
| 2023 | +5.1% | −1.9% | +3.2% | +1.3% | −0.4% | +3.7% | +2.1% | −0.4% | −3.0% | −2.3% | +6.4% | +4.2% |
| 2022 | −3.9% | −0.8% | +1.8% | −6.7% | +0.6% | −5.9% | +8.3% | −3.6% | −6.7% | +4.0% | +4.9% | −3.3% |
| 2021 | −1.9% | +2.3% | +3.8% | +4.6% | +0.2% | +0.8% | +2.2% | +1.8% | −2.3% | +4.7% | −1.7% | +3.0% |
| 2020 | +2.1% | −4.9% | −9.3% | +9.7% | +3.6% | +0.1% | +5.1% | +2.1% | −1.3% | +0.5% | +8.3% | +2.4% |
| 2019 | — | — | — | — | — | — | +0.6% | −0.4% | +0.3% | +1.1% | +2.5% | +1.8% |
TRAIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 8.32%
- 3-year Sharpe ratio: 1.01 (vs 4.5% risk-free rate)
- Best month: +6.45% (Apr 2026)
- Worst month: −3.03% (Sep 2023)
TRAIX Fund Flows
Monthly money in and out of T. Rowe Price Capital Appreciation Fund, from SEC Form N-PORT.
- 12-month net flow: $476.0M
- 12-month gross sales (incl. reinvestments): $15.1B
- Sales ÷ redemptions: 1.03×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $674.4M | $1.4B | −$743.4M |
| May 2026 | $513.2M | $1.2B | −$686.6M |
| Apr 2026 | $584.6M | $1.2B | −$604.1M |
| Mar 2026 | $606.3M | $1.2B | −$638.6M |
| Feb 2026 | $771.4M | $1.5B | −$679.2M |
| Jan 2026 | $814.8M | $1.7B | −$861.7M |
| Dec 2025 | $6.5B | $1.7B | $4.8B |
| Nov 2025 | $926.0M | $1.1B | −$215.3M |
| Oct 2025 | $1.2B | $863.1M | $382.3M |
| Sep 2025 | $735.3M | $989.1M | −$253.8M |
| Aug 2025 | $879.3M | $862.4M | $16.9M |
| Jul 2025 | $852.6M | $877.0M | −$24.4M |
TRAIX Assets Under Management
Net assets of T. Rowe Price Capital Appreciation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $70.40B |
| 2026-03-31 | $66.21B |
| 2025-12-31 | $70.59B |
| 2025-09-30 | $70.26B |
| 2025-06-30 | $67.80B |
| 2025-03-31 | $64.00B |
| 2024-12-31 | $64.23B |
| 2024-09-30 | $65.18B |
| 2024-06-30 | $61.71B |
| 2024-03-31 | $60.34B |
| 2023-12-31 | $56.47B |
| 2023-09-30 | $51.69B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.