SICAV
US Equity Fund
A best-ideas portfolio invested in approximately 50-60 large cap US companies, irrespective of style. The portfolio is tilted opportunistically between growth and value in respect to changing market conditions and investment opportunities.
ISIN LU0429319774
View more information on risks
FACTSHEET
KIID
Fund Size
(USD)
$859.7m
Data as of: 30-Sep-2020
Perf Change
(Daily)
0.99%
Data as of: 16-Oct-2020
NAV
(USD)
$43.65
Data as of: 16-Oct-2020
1YR Return
(Annualised)
11.17%
Data as of: 30-Sep-2020
3YR Return
(Annualised)
10.72%
Data as of: 30-Sep-2020

Overview
Strategy
Fund Summary
We seek to identify businesses whose long-term economic potential is being undervalued. Our research-led approach allows us to avoid short-term ‘noise’ and focus instead on companies with strong management teams, a compelling valuation, and attractive market positioning operating in high-barriers-to-entry industries with secular growth prospects.
SMALL-CAP
MID-CAP
LARGE-CAP

66
Holdings

Style
Agnostic
Risk & Reward Data
Information Ratio
-0.29
Sharpe Ratio
0.77
Historical Tracking Error
4.51%
20 June 2017

Fund Name Changed

Effective June 20, 2017, the US Large Cap Equity Fund was renamed the US Equity Fund.

Performance - Net of Fees
Current Year Performance
MTD
3.93%
Benchmark*
3.65%
Excess Return

0.28%
QTD
3.93%
Benchmark*
3.65%
Excess Return

0.28%
YTD
7.01%
Benchmark*
8.96%
Excess Return

-1.95%
Data as of 16-Oct-2020
1 Month
-3.71%
Benchmark*
-3.84%
Excess Return

0.13%
3 Months
10.27%
Benchmark*
8.79%
Excess Return

1.48%
Data as of 30-Sep-2020
 
Annualised Performance
1 YR
11.17%
Benchmark*
14.49%
Excess Return

-3.32%
3 YR
10.72%
Benchmark*
11.62%
Excess Return

-0.90%
5 YR
12.15%
Benchmark*
13.46%
Excess Return

-1.31%
10 YR
12.95%
Benchmark*
13.04%
Excess Return

-0.09%
Manager Inception
13.59%
Benchmark*
13.84%
Excess Return

-0.25%
Data as of 30-Sep-2020
Indicative Benchmark : S&P 500 Net 30% Withholding Tax
Fund Inception: 26-Jun-2009
Manager Inception: 26-Jun-2009

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

Holdings
Total
Holdings
66
Largest
Microsoft
5.98%
Was ( 30-Jun-2020 )

5.87%
Top 10
31.85%
Contributor
Amazon.com
By 1.72%
% of fund
5.27%
Detractor
Eli Lilly and Co
By -0.07%
% of fund
1.64%
Purchase
Bank of America (N)
1.47%
Was ( 30-Jun-2020 )
0.00%
Sale
Apple
3.31%
Was ( 30-Jun-2020 )
6.02%
Data as of 30-Sep-2020
Sectors
Total
Sectors
11
Largest
Information Technology
25.07%
Was ( 31-Aug-2020 )
25.66%
Contributor
Industrials & Business Services
By 0.57%
Sector
0.06%
Selection
0.51%
Detractor
Health Care
By -0.35%
Sector
-0.06%
Selection
-0.29%
Data as of 30-Sep-2020
Over
Industrials & Business Services
By 1.50%
Fund
9.79%
Benchmark*
8.29%
Under
Information Technology
By -3.08%
Fund
25.07%
Benchmark*
28.15%
Data as of 30-Sep-2020
Data as of 30-Sep-2020
Indicative Benchmark: S&P 500 Index

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


Team
Jeff Rottinghaus,
Portfolio Manager
Jeff Rottinghaus is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the US Large-Cap Core Equity and Growth & Income Equity Strategies and chairman of the strategies' Investment Advisory Committees.
Portfolio Manager since
2009
Years at
T. Rowe Price
19
Years investment experience
20
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: Standard & Poor's. Copyright © 2018, S&P Global Market Intelligence (and its affiliates, as applicable). Reproduction of S&P 500 Index in any form is prohibited except with the prior written permission of S&P Global Market Intelligence (“S&P”). None of S&P, its affiliates or their suppliers guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. In no event shall S&P, its affiliates or any of their suppliers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of S&P information.

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.

Daily performance data is based on the latest available NAV.  

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.

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.