# EDGAR Filing Document

**Accession Number:** 0000775688
**File Stem:** 0000775688-23-000010
**Filing Date:** 2023-2
**Character Count:** 43975
**Document Hash:** 167656ce1b8b65d328d46143a20913ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000775688-23-000010.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000775688-23-000010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Equity Income Fund, Inc.
- **CENTRAL INDEX KEY:** 0000775688
- **IRS NUMBER:** 521424600
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04400
- **FILM NUMBER:** 23667427

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price Equity Income Fund
- **DATE OF NAME CHANGE:** 20051018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE EQUITY INCOME FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### T. Rowe Price Equity Income Fund (Series ID: S000002076)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000005436 | T. Rowe Price Equity Income Fund               | PRFDX           |
| C000005437 | T. Rowe Price Equity Income Fund-Advisor Class | PAFDX           |
| C000005438 | T. Rowe Price Equity Income Fund-R Class       | RRFDX           |
| C000166330 | T. Rowe Price Equity Income Fund-I Class       | REIPX           |
| C000225772 | T. Rowe Price Equity Income Fund-Z Class       | TRZQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. ROWE PRICE EQUITY INCOME FUND, INC.

- **b. Investment Company Act file number:** 811-04400

- **c. CIK number of Registrant:** 0000775688

- **d. LEI of Registrant:** 549300C7SV7JCOR39E92

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Equity Income Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002076

- **c. LEI of Series:** 549300MTM2TG5D07WI51

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $17291061890.12

**Total Liabilities:** $10279906.88

**Net Assets:** $17280781983.24

**Assets Attributable to Miscellaneous Securities:** $43762640.59

**Cash Not Reported:** $5450191.03

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005438 | 10.37%               | 6.58%                | -4.18%               |
| Class ID C000166330 | 10.43%               | 6.67%                | -4.11%               |
| Class ID C000005437 | 10.39%               | 6.63%                | -4.15%               |
| Class ID C000005436 | 10.42%               | 6.64%                | -4.14%               |
| Class ID C000225772 | 10.49%               | 6.69%                | -4.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32701148.95             | $1592494087.41                             |
| Month 2  | $67899124.10             | $1029685542.89                             |
| Month 3  | $69314201.12             | $-886866442.43                             |

### Schedule of Portfolio Investments

| Name                                            | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Medtronic PLC                                   | MEDTRONIC PLC                                   | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |   1950000 | NS      | $151554000.00 | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG                          | DR ING HC F PORSCHE AG                          | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |   1155000 | NS      | $116555149.22 | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity Ltd                             | TE CONNECTIVITY LTD                             | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |    395000 | NS      | $45346000.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                           | NXP SEMICONDUCTORS NV                           | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     95000 | NS      | $15012850.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                   | ACCENTURE PLC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    105000 | NS      | $28018200.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                       | CHUBB LTD                                       | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |   1560000 | NS      | $344136000.00 | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                | TOTALENERGIES SE                                | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |   6750000 | NS      | $423719123.53 | 2.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings Inc                      | ZIMMER BIOMET HOLDINGS INC                      | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |   1560000 | NS      | $198900000.00 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                            | WILLIAMS COS INC/THE                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    420000 | NS      | $13818000.00  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                 | WEYERHAEUSER CO                                 | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |   8640000 | NS      | $267840000.00 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                   | WELLTOWER INC                                   | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |    350000 | NS      | $22942500.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                | WELLS FARGO & CO                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |  12740000 | NS      | $526034600.00 | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                       | WARNER BROS DISCOVERY INC                       | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    750000 | NS      | $7110000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                     | WALMART INC                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   1125000 | NS      | $159513750.00 | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                            | VORNADO REALTY TRUST                            | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    535000 | NS      | $11133350.00  | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                     | VIATRIS INC                                     | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   3425000 | NS      | $38120250.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                | PARAMOUNT GLOBAL                                | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    760000 | NS      | $12828800.00  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                      | VERIZON COMMUNICATIONS INC                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   2790000 | NS      | $109926000.00 | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                       | UNITED PARCEL SERVICE INC                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |   1935000 | NS      | $336380400.00 | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                      | US BANCORP                                      | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   1820000 | NS      | $79370200.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                 | TYSON FOODS INC                                 | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |   2360000 | NS      | $146910000.00 | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                | TOTALENERGIES SE                                | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |   2040000 | NS      | $126643200.00 | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                           | 3M CO                                           | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    230000 | NS      | $27581600.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                           | TEXAS INSTRUMENTS INC                           | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   1065000 | NS      | $175959300.00 | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                  | TC ENERGY CORP                                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |   4860000 | NS      | $193719600.00 | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                            | TARGA RESOURCES CORP                            | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    140000 | NS      | $10290000.00  | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                 | TJX COS INC/THE                                 | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |   1780000 | NS      | $141688000.00 | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Stericycle Inc                                  | STERICYCLE INC                                  | CUSIP: 858912108<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | EC               | CORP              | US        |   2070000 | NS      | $103272300.00 | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                               | STATE STREET CORP                               | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |   1330000 | NS      | $103168100.00 | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                      | STANLEY BLACK & DECKER INC                      | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |   1470000 | NS      | $110426400.00 | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                           | SOUTHWEST AIRLINES CO                           | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   2420000 | NS      | $81481400.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                 | SOUTHERN CO/THE                                 | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   7210000 | NS      | $514866100.00 | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                                   | SEMPRA ENERGY                                   | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   2270000 | NS      | $350805800.00 | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                         | CHARLES SCHWAB CORP/THE                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   1080000 | NS      | $89920800.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi                                          | SANOFI                                          | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |   1130000 | NS      | $54725900.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND | CUSIP: 76105Y109<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        | 176186721 | NS      | $176186720.53 | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                    | RAYONIER INC                                    | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |   4230000 | NS      | $139420800.00 | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                     | RAYMOND JAMES FINANCIAL INC                     | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    125000 | NS      | $13356250.00  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                           | RPM INTERNATIONAL INC                           | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    545000 | NS      | $53110250.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                    | QUALCOMM INC                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |   3260000 | NS      | $358404400.00 | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                 | PHILIP MORRIS INTERNATIONAL INC                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   2935000 | NS      | $297051350.00 | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                      | PFIZER INC                                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   4520000 | NS      | $231604800.00 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                      | PACCAR INC                                      | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    240000 | NS      | $23752800.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The            | PNC FINANCIAL SERVICES GROUP INC/THE            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    185000 | NS      | $29218900.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                       | PG&E CORP                                       | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   1500000 | NS      | $24390000.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                    | NISOURCE INC                                    | CUSIP: 65473P121<br>LEI: 549300D8GOWWH0SJB189 | Long             | EP               | CORP              | US        |    520000 | NS      | $54025400.00  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| NiSource Inc                                    | NISOURCE INC                                    | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   3090000 | NS      | $84727800.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                              | NEXTERA ENERGY INC                              | CUSIP: 65339F770<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1140000 | NS      | $57877800.00  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                              | NEXTERA ENERGY INC                              | CUSIP: 65339F713<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    710000 | NS      | $35500000.00  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| News Corp                                       | NEWS CORP                                       | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |  14830000 | NS      | $269906000.00 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                  | MORGAN STANLEY                                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   1485000 | NS      | $126254700.00 | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                      | MONDELEZ INTERNATIONAL INC                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    380000 | NS      | $25327000.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                  | MICROSOFT CORP                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    900000 | NS      | $215838000.00 | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                     | METLIFE INC                                     | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |   3740000 | NS      | $270663800.00 | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                  | MERCK & CO INC                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   1475000 | NS      | $163651250.00 | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                      | MATTEL INC                                      | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   6270000 | NS      | $111856800.00 | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                      | SIEMENS AG                                      | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |   1335000 | NS      | $184031516.94 | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi                                          | SANOFI                                          | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |   1150000 | NS      | $110890574.44 | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                   | VOLKSWAGEN AG                                   | CUSIP: 000000000<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |   1345000 | NS      | $166846846.79 | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Loews Corp                                      | LOEWS CORP                                      | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |   2960000 | NS      | $172656800.00 | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                            | LAS VEGAS SANDS CORP                            | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |   3600000 | NS      | $173052000.00 | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                       | L3HARRIS TECHNOLOGIES INC                       | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |   1325000 | NS      | $275878250.00 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl s Corp                                     | KOHL'S CORP                                     | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |   3070000 | NS      | $77517500.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                             | KIMBERLY-CLARK CORP                             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |   1960000 | NS      | $266070000.00 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                               | JOHNSON & JOHNSON                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   1950000 | NS      | $344467500.00 | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                             | JPMORGAN CHASE & CO                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    945000 | NS      | $126724500.00 | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                          | INTERNATIONAL PAPER CO                          | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   7030000 | NS      | $243448900.00 | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc          | INTERNATIONAL FLAVORS & FRAGRANCES INC          | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |   1110000 | NS      | $116372400.00 | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                    | HUNTINGTON BANCSHARES INC/OH                    | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |  16150000 | NS      | $227715000.00 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                       | HESS CORP                                       | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |   1090000 | NS      | $154583800.00 | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The       | HARTFORD FINANCIAL SERVICES GROUP INC/THE       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   2190000 | NS      | $166067700.00 | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                     | GOLDMAN SACHS GROUP INC/THE                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    605000 | NS      | $207744900.00 | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                             | GENERAL ELECTRIC CO                             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   6100000 | NS      | $511119000.00 | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                          | FRANKLIN RESOURCES INC                          | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    570000 | NS      | $15036600.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                        | FOX CORP                                        | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    350000 | NS      | $9957500.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                  | FLOWSERVE CORP                                  | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    510000 | NS      | $15646800.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                      | FISERV INC                                      | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   1425000 | NS      | $144024750.00 | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                             | FIFTH THIRD BANCORP                             | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |   5380000 | NS      | $176517800.00 | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                              | META PLATFORMS INC                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    715000 | NS      | $86043100.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                | EXXON MOBIL CORP                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2445000 | NS      | $269683500.00 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                              | EQUITY RESIDENTIAL                              | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |   4070000 | NS      | $240130000.00 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                          | EQUITABLE HOLDINGS INC                          | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |   9460000 | NS      | $271502000.00 | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                    | ENBRIDGE INC                                    | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   1150000 | NS      | $44965000.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                               | EOG RESOURCES INC                               | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   1500000 | NS      | $194280000.00 | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                           | DUPONT DE NEMOURS INC                           | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    155000 | NS      | $10637650.00  | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                             | DOMINION ENERGY INC                             | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   3370000 | NS      | $206648400.00 | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                              | WALT DISNEY CO/THE                              | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   2205000 | NS      | $191570400.00 | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                     | CUMMINS INC                                     | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    185000 | NS      | $44823650.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                        | CONSTELLATION BRANDS INC                        | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    150000 | NS      | $34762500.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                              | CONAGRA BRANDS INC                              | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |   7150000 | NS      | $276705000.00 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                    | COMCAST CORP                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   4700000 | NS      | $164359000.00 | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                   | CITIGROUP INC                                   | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   2050000 | NS      | $92721500.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                               | CISCO SYSTEMS INC                               | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |   1390000 | NS      | $66219600.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                    | CHEVRON CORP                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    310000 | NS      | $55641900.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                    | CENTENE CORP                                    | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |   1340000 | NS      | $109893400.00 | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                             | CARDINAL HEALTH INC                             | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |   1275000 | NS      | $98009250.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                 | CVS HEALTH CORP                                 | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   2015000 | NS      | $187777850.00 | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                      | CIGNA CORP                                      | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    620000 | NS      | $205430800.00 | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                      | CF INDUSTRIES HOLDINGS INC                      | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |   3690000 | NS      | $314388000.00 | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                   | BOEING CO/THE                                   | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    810000 | NS      | $154296900.00 | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                      | BIOGEN INC                                      | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |    190000 | NS      | $52614800.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                 | BEST BUY CO INC                                 | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    940000 | NS      | $75397400.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                         | BECTON DICKINSON AND CO                         | CUSIP: 075887406<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EP               | CORP              | US        |   1320000 | NS      | $66389400.00  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson and Co                         | BECTON DICKINSON AND CO                         | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   1110000 | NS      | $282273000.00 | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                            | BANK OF AMERICA CORP                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   2870000 | NS      | $95054400.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                 | ASTRAZENECA PLC                                 | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   1480000 | NS      | $100344000.00 | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                           | APPLIED MATERIALS INC                           | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |   1300000 | NS      | $126594000.00 | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                    | APOLLO GLOBAL MANAGEMENT INC                    | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    590000 | NS      | $37636100.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                             | ELEVANCE HEALTH INC                             | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    785000 | NS      | $402681450.00 | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                | AMERICAN INTERNATIONAL GROUP INC                | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   6760000 | NS      | $427502400.00 | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                     | AMEREN CORP                                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   1325000 | NS      | $117819000.00 | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                      | ABBVIE INC                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   1595000 | NS      | $257767950.00 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                        | AT&T INC                                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1500000 | NS      | $27615000.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** T. ROWE PRICE EQUITY INCOME FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President