SICAV
US Large Cap Value Equity Fund
A best ideas portfolio of around 70-80 US large cap companies with hidden value and upside potential that we believe are overlooked by the market. We look for high quality companies with effective management teams where we believe they can materially improve the business.
ISIN LU0133100338
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FACTSHEET
KIID
FUND PROFILE
COMMENTARY

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Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Oct-2020
NAV
(USD)
$33.35
Data as of: 27-Nov-2020
1YR Return
(Annualised)
-11.20%
Data as of: 31-Oct-2020
Fund Size
(USD)
$525.5m
Data as of: 31-Oct-2020
Perf Change
(Daily)
0.51%
Data as of: 27-Nov-2020
3YR Return
(Annualised)
-0.85%
Data as of: 31-Oct-2020

Overview
Strategy
Fund Summary
We focus on relative value, searching for companies with solid businesses, strong balance sheets, and durable earnings profiles that are inexpensive relative to their history, sector or the market. We balance our valuation analysis with qualitative factors to identify the most compelling valuation opportunities.
SMALL-CAP
MID-CAP
LARGE-CAP

86
Holdings

Style
Value
Risk & Reward Data
Information Ratio
-0.20
Sharpe Ratio
0.20
Historical Tracking Error
4.19%
Performance - Net of Fees
Current Year Performance
MTD
18.85%
Benchmark*
14.65%
Excess Return

4.20%
QTD
17.26%
Benchmark*
13.09%
Excess Return

4.17%
YTD
-0.36%
Benchmark*
-0.60%
Excess Return

0.24%
Data as of 27-Nov-2020
1 Month
-1.34%
Benchmark*
-1.36%
Excess Return

0.02%
3 Months
-1.23%
Benchmark*
0.07%
Excess Return

-1.30%
Data as of 31-Oct-2020
 
Annualised Performance
1 YR
-11.20%
Benchmark*
-8.30%
Excess Return

-2.90%
3 YR
-0.85%
Benchmark*
1.16%
Excess Return

-2.01%
5 YR
4.18%
Benchmark*
5.02%
Excess Return

-0.84%
10 YR
8.34%
Benchmark*
8.67%
Excess Return

-0.33%
Manager Inception
N/A
Benchmark*
N/A
Excess Return

N/A
Data as of 31-Oct-2020
Indicative Benchmark : Russell 1000 Value Net 30% Index
Fund Inception: 27-Mar-2002

* The index shown is not a formal benchmark. It is shown only for comparison purposes.

Holdings
Total
Holdings
86
Largest
UPS
3.17%
Was ( 30-Jun-2020 )

2.30%
Top 10
25,65%
Contributor
UPS
By 0.32%
% of fund
3.14%
Detractor
GE
By -0.03%
% of fund
2.29%
Purchase
Coca-Cola (N)
0.77%
Was ( 30-Jun-2020 )
0.00%
Sale
CenterPoint Energy (E)
0.00%
Was ( 30-Jun-2020 )
0.76%
Data as of 30-Sep-2020
Sectors
Total
Sectors
11
Largest
Financials
20.16%
Was ( 30-Sep-2020 )
19.46%
Contributor
Information Technology
By 0.86%
Sector
-0.10%
Selection
0.97%
Detractor
Financials
By -1.13%
Sector
-0.04%
Selection
-1.09%
Data as of 30-Sep-2020
Over
Utilities
By 3.14%
Fund
9.46%
Benchmark*
6.33%
Under
Communication Services
By -5.74%
Fund
3.72%
Benchmark*
9.46%
Data as of 31-Oct-2020
Data as of 31-Oct-2020
Indicative Benchmark: Russell 1000 Value Index

* The index shown is not a formal benchmark. It is shown only for comparison purposes.


Team
Heather McPherson,
Portfolio Manager
Heather McPherson is co-portfolio manager for the Institutional U.S. Large-Cap Value Equity Strategy in the U.S. Equity Division. She is also an investment analyst covering papers and forest products.
Portfolio Manager since
2015
Years at
T. Rowe Price
17
Years investment experience
19
John Linehan,
Portfolio Manager
John D. Linehan is the portfolio manager for the U.S. Large Cap Equity Income Strategy and co-portfolio manager for the US Large-Cap Value Equity Strategy in the U.S. Equity Division.
Portfolio Manager Since
2001
Years at
T. Rowe Price
22
Years investment experience
31
Mark S. Finn,
Portfolio Manager
Mark Finn is the lead portfolio manager of the US Value Equity Strategy and is also a co-portfolio manager of the US Large-Cap Value Equity Strategy.
Portfolio Manager since
2010
Years at
T. Rowe Price
30
Years investment experience
22
Eric Papesh,
Portfolio Specialist
Eric Papesh is a portfolio specialist in the U.S. Equity Division of T. Rowe Price.
Years at T. Rowe Price
5
Years investment experience
25
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1

Indicative Benchmark Data Source: Russell.  Frank Russell Company (“Russell”) is the source and owner of the Russell Index data contained or reflected in these materials and all trademarks and copyrights related thereto. Russell® is a registered trademark of Russell. Russell is not responsible for the formatting or configuration of this materials or for any inaccuracy in T. Rowe Price Associates’ presentation thereof.

Past performance is not a reliable indicator of future performance.

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com.

Daily performance data is based on the latest available NAV.  

Please note that the Fund typically has a risk of high volatility.

Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class.  The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.

The specific securities identified and described in this website do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

Attribution Data: Analysis represents the total performance of the portfolio as calculated by the FactSet attribution model and is inclusive of other assets that that will not receive a classification assignment in the detailed structure shown. Returns will not match official T. Rowe Price performance because FactSet uses different exchange rate sources and does not capture intra-day trading. Performance for each security is obtained in the local currency and, if necessary, is converted to U.S. dollars using an exchange rate determined by an independent third party. Figures are shown with gross dividends reinvested.

Sources: Copyright © 2020 FactSet Research Systems Inc. All rights reserved. MSCI/S&P GICS Sectors; Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. Each year, MSCI and S&P make changes to the GICS structure. The last change occurred on September 28, 2018. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc, ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P") and is licensed for use by [Licensee]. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or impIied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any or such standard or classification, Without limiting any or the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.  

1 Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.

The Morningstar rating is sourced from Morningstar.

©2020 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Citywire - where the Fund manager is rated by Citywire the rating is based on the manager's 3 year risk adjusted performance.