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GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®). TRP has been independently verified for the twenty one- year period ended June 30, 2017 by KPMG LLP. The verification report is available upon request. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS standards. Verification does not ensure the accuracy of any specific composite presentation.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request

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  • Asia Pacific
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Past performance is not a reliable indicator of future performance.

Gross performance returns are presented before management and all other fees, where applicable, but after trading expenses. Net of fees performance reflects the deduction of the highest applicable management fee that would be charged based on the fee schedule contained within this material, without the benefit of breakpoints. Gross and net performance returns reflect the reinvestment of dividends and are net of all non-reclaimable withholding taxes on dividends, interest income, and capital gains.

Global Equity

Strategy

Global Focused Growth Equity

The Global Focused Growth Equity Composite seeks long-term capital appreciation primarily through investment in established companies operating in developed markets throughout the world, with faster earnings growth and reasonable valuation levels relative to market/sector averages. Further, the strategy seeks to buy companies where there is insight about improving economic returns of the business that are not fully reflected in their valuation.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

20.79%
5.93%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

42.35%
1.73

Inception Date 01/31/1996

Performance figures calculated in USD

Other Literature

David J. Eiswert, CFA
David J. Eiswert, CFA, Lead Portfolio Manager

David Eiswert is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. Prior to his current role, Mr. Eiswert was the portfolio manager for the Global Technology Strategy from October 2008 until May 2012. He was a technology analyst from 2003 until 2012. Mr. Eiswert is a vice president of T. Rowe Price Group, Inc.

 

Strategy

Global Growth Equity

The Global Growth Equity Composite seeks long-term capital appreciation by investing primarily in a diversified portfolio of transferable equity and equity-related securities of larger cap companies listed on the world's stock markets. The portfolio may include investments in the securities of companies listed on the stock exchange of developed and developing countries.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

16.72%
4.65%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

33.48%
1.49

Inception Date 10/31/2008

Performance figures calculated in USD

Other Literature

Scott Berg
Scott Berg, Lead Portfolio Manager

Scott Berg is the portfolio manager for the T. Rowe Price Global Growth Equity Strategy and a vice president of T. Rowe Price Group, Inc.

 

Strategy

Global Metals & Mining Equity

The Global Metals & Mining Equity Composite seeks long-term capital appreciation through investments primarily in metals and mining companies around the world.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

2.87%
4.01%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

14.77%
-1.21

Inception Date 09/30/2010

Performance figures calculated in USD

Other Literature

Boyko Atanassov, Ph.D.
Boyko Atanassov, Ph.D., Portfolio Manager

Boyko  Atanassov is a sector portfolio manager and vice president of T. Rowe Price Group, Inc.

 

Strategy

Global Natural Resources Equity

The Global Natural Resources Equity Composite seeks long-term capital appreciation primarily through investment in natural resource companies with potential for earnings growth greater than the rate of inflation.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-5.40%
5.27%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-12.59%
0.38

Inception Date 06/30/1981

Performance figures calculated in USD

Other Literature

Shawn T.  Driscoll
Shawn T. Driscoll, Portfolio Manager

Shawn Driscoll is the portfolio manager of the Global Natural Resources Equity Strategy, including the New Era Fund, in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the Global Natural Resources Equity Strategy and a vice president and an Investment Advisory Committee member of the US Capital Appreciation, US Large-Cap Core Equity, US Growth Stock, US Large-Cap Core Equity, US Mid-Cap Growth Equity, US Multi-Cap Growth Equity, and Real Assets Equity Strategies. Shawn also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

Global Real Estate Equity

The Global Real Estate Equity Composite seeks capital growth and current income by investing in global companies engaged in the real estate industry.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

0.78%
2.88%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-11.60%
0.12

Inception Date 10/31/2008

Performance figures calculated in USD

Other Literature

Nina P.  Jones
Nina P. Jones, Portfolio Manager

Nina Jones is the portfolio manager for the Global Real Estate Equity and U.S. Real Estate Equity Strategies.  She is also chairman of the Investment Advisory Committee for the U.S. Real Estate Equity Strategy.  Nina is also a vice president and advisory committee member of the Financial Services and Mid-Cap Value strategies.  She is a member of the investment advisory committee of the Global Growth, Global Stock and Institutional Large Cap Value strategies.  Nina is vice president of T. Rowe Price Group.

 

Strategy

Global Technology Equity

The Global Technology Equity Composite seeks long-term capital appreciation through investments in companies around the world expected to benefit from technological progress.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

23.35%
8.86%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

61.34%
0.22

Inception Date 10/31/2000

Performance figures calculated in USD

Other Literature

Alan Tu, CFA
Alan Tu, CFA, Portfolio Manager

Alan Tu is the portfolio manager for the Global Technology Equity Strategy in the U.S. Equity Division. He also is chairman of its Investment Advisory Committee. Alan is a vice president and an Investment Advisory Committee member of the US Small-Cap Growth II Equity, Science & Technology Equity, US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Tax-Efficient Multi-Cap Growth Equity Strategies. In addition, he is an Investment Advisory Committee member of the Global Growth Equity Strategy. Alan also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

Global Value Equity

The Global Value Equity Composite seeks long-term capital appreciation and reasonable income primarily through investment in companies domiciled in developed countries globally.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

1.43%
2.70%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

0.29%
-1.42

Inception Date 07/31/2012

Performance figures calculated in USD

Other Literature

Sebastien Mallet
Sebastien Mallet, Portfolio Manager

Sebastien Mallet is a portfolio manager in the Equity Division at T. Rowe Price, managing the Institutional Global Value Strategy. Mr. Mallet is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

Strategy

QM Global Equity

The QM Global Equity Composite seeks long-term capital appreciation primarily through investment in a diversified portfolio of companies on the world’s stock markets. The portfolio may include investments in securities of companies listed on the stock exchange of developed and developing countries. The strategy applies quantitative and active management techniques to achieve its investment objectives.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(3 Years)

7.74%
1.49%

1YR Return (Net)
(View Total Returns)

Information Ratio
(3 Years)

11.36%
0.40

Inception Date 04/30/2016

Performance figures calculated in USD

Other Literature

Farris G. Shuggi, CFA
Farris G. Shuggi, CFA, Portfolio Manager

Farris Shuggi is the portfolio manager of the QM US Value Equity Strategy in the U.S. Equity Division. He is the chairman of the Investment Advisory Committee of the QM US Value Equity Strategy and an Investment Advisory Committee member of the Quantitative Management Strategies and the US Capital Appreciation, US Large-Cap Equity Income, and US Diversified Small-Cap Value Strategies. Farris also is a vice president of T. Rowe Price Group, Inc.

 
 

International Equity

Strategy

International Core Equity

The International Core Equity Composite seeks long term capital appreciation primarily through investments in common stocks of non-U.S. companies in developed countries.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

0.46%
2.11%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

2.88%
0.52

Inception Date 01/31/2000

Performance figures calculated in USD

Other Literature

Raymond A.  Mills, Ph.D., CFA
Raymond A. Mills, Ph.D., CFA, Portfolio Manager

Raymond A. Mills is the portfolio manager of the International Core Equity Strategy in the International Equity Division. Ray also serves on the Investment Advisory Committees of other international equity, asset allocation, and global real estate strategies. He is a member of the International Equity Steering Committee and the Equity Brokerage and Trading Control Committee. Ray also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

Strategy

International Disciplined Equity

Formerly International Concentrated Equity Strategy

The International Disciplined Equity Composite seeks long-term capital appreciation by investing in a focused number of non-U.S. companies in developed and emerging markets. Emerging market exposure typically ranges up to 15% as defined by inclusion in the European segment of MSCI's Emerging Markets Index. The strategy targets attractive opportunities across the investable universe irrespective of growth or value style or market capitalization.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

1.21%
3.13%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

0.01%
0.55

Inception Date 07/31/2010

Performance figures calculated in USD

Other Literature

Federico Santilli
Federico Santilli, Portfolio Manager

Federico Santilli is a portfolio manager covering international equity in the International Equity Division. He is an executive vice president of T. Rowe Price International Funds, Inc., and T. Rowe Price Institutional International Funds. He also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

Strategy

International Growth Equity

The International Growth Equity Composite seeks long-term capital appreciation primarily through investments in common stocks of non-U.S. large- and mid-cap companies in developed and emerging countries, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.40%
2.70%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

10.11%
1.11

Inception Date 03/31/1981

Performance figures calculated in USD

Other Literature

Richard N. Clattenburg, CFA
Richard N. Clattenburg, CFA, Portfolio Manager

Richard "Trip" Clattenburg is a portfolio manager for the International Growth Equity Strategy in the International Equity Division. He is an Investment Advisory Committee member of the Global Growth Equity, Global Real Estate Equity, International Core Equity, and Japan Equity Strategies. Additionally, Trip is an executive vice president of T. Rowe Price Global Funds, T. Rowe Price International Series, and T. Rowe Price International Funds. He also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

International Small-Cap Equity

The International Small-Cap Equity Composite seeks long-term capital appreciation primarily through investment in small-cap companies traded in developed and emerging markets, with faster earnings growth and reasonable valuation levels relative to market/sector averages. The average market cap of holdings within these portfolios will typically be <$3 billion.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

8.93%
4.26%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

31.26%
1.71

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Justin Thomson
Justin Thomson, Portfolio Manager

Justin Thomson is a chief investment officer and a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. Mr. Thomson is the lead manager of the International Small-Cap Equity Strategy and chair of its Investment Advisory Committee. He is a member of the International Equity Steering Committee, the Asset Allocation Committee, the Proxy Voting Committee, and the Ethics Committee.

 

Strategy

International Value Equity

The International Value Equity Composite seeks long-term capital appreciation primarily through investment in established companies, in developed markets, with attractive valuations and prospects for improving earnings growth relative to market/sector averages. The strategy generally includes 0-15% exposure to emerging-market stocks, as defined by inclusion in the MSCI Emerging Markets Index.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-5.14%
3.07%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-6.58%
-1.18

Inception Date 01/31/1999

Performance figures calculated in USD

Other Literature

Colin McQueen
Colin McQueen, Portfolio Manager

Colin McQueen is a portfolio manager in the International Equity Division . He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 
 

European Equity

Strategy

Emerging Europe Equity

The Emerging Europe Equity Composite seeks long-term capital appreciation primarily through investment in companies in eastern Europe, Russia, Middle East, and northern Africa, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-4.75%
5.86%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-21.63%
0.33

Inception Date 09/30/2000

Performance figures calculated in EUR

Other Literature

Ulle Adamson
Ulle Adamson, Portfolio Manager

Ulle Adamson is a portfolio manager in the Equity Division at T. Rowe Price. She is the portfolio manager for the Emerging Europe Equity Strategy. Ms. Adamson is a vice president and an Investment Advisory Committee member of the Emerging Markets Equity Strategy and Emerging Markets Discovery Equity Strategy. She is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

Strategy

Europe Equity

The Europe Equity Composite seeks long-term capital appreciation primarily through investment in established companies, in developed European markets, with faster earnings growth and reasonable valuation levels relative to market/sector averages. The strategy generally includes 0-10% exposure to emerging-market stocks, as defined by inclusion in the European segment of the MSCI's Emerging Markets (Free) Index.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.74%
3.31%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

2.48%
0.53

Inception Date 06/30/1995

Performance figures calculated in EUR

Other Literature

Tobias Mueller, CFA
Tobias Mueller, CFA, Portfolio Manager

Tobias Mueller is the portfolio manager for the European Select Strategy, effective October 2018. Previously, he covered the technology, medical technology and exchange sectors as a research analyst in the Equity Division. Mr. Mueller is a vice president of T. Rowe Price International Ltd.

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

Strategy

Europe ex-UK Equity

The Europe ex-UK Equity Composite seeks to provide long-term capital appreciation through an aggressive and focused approach to fund management. The composite will seek to hold a focused list of stocks selected through proprietary analysis and will also place a heavy emphasis on portfolio construction and risk management with the intention of maximizing risk-adjusted performance.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

5.45%
2.75%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

4.30%
0.92

Inception Date 02/28/2007

Performance figures calculated in EUR

Other Literature

Tobias Mueller, CFA
Tobias Mueller, CFA, Portfolio Manager

Tobias Mueller is the portfolio manager for the European Select Strategy, effective October 2018. Previously, he covered the technology, medical technology and exchange sectors as a research analyst in the Equity Division. Mr. Mueller is a vice president of T. Rowe Price International Ltd.

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

Strategy

Europe Smaller Companies Equity

The Europe Smaller Companies Equity Composite seeks long-term capital appreciation primarily through investment in small- and mid-cap companies traded in European markets, with faster earnings growth and reasonable valuation levels relative to market/sector averages. The average market cap of holdings within these portfolios will typically be <$5 billion.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.62%
6.01%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

23.24%
0.98

Inception Date 11/30/2008

Performance figures calculated in EUR

Other Literature

Benjamin Griffiths
Benjamin Griffiths, Portfolio Manager

Ben Griffiths is the portfolio manager for the European Smaller Companies Equity Strategy in the International Equity Division, covering European small-cap stocks and co-portfolio manager of the International Small-Cap Equity Strategy.  Ben is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. 

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

Strategy

Europe Structured Research Equity

The Europe Structured Research Equity Composite seeks sector- and industry-neutral exposure to the MSCI Europe Index, with value added through stock selection skill. The strategy combines fundamental research with a disciplined portfolio construction process to achieve its investment objectives.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-0.49%
0.81%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-6.77%
0.27

Inception Date 07/31/2009

Performance figures calculated in EUR

Other Literature

Ann Holcomb, CFA
Ann Holcomb, CFA, Co-Portfolio Manager

Ann Holcomb is a director of research, North America, in the U.S. Equity Division. Ann is a member of the Equity Steering Committee, and she is co-portfolio manager of the U.S. Structured Research Equity Strategy.  She is also is cochair of the Investment Advisory Committee of the U.S. Structured Research Equity Strategy. Ann is a vice president of T. Rowe Price Group, Inc. 

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

 

Asia-Pacific Equity

Strategy

Asia ex-Japan Equity

The Asia ex-Japan Equity Composite seeks long-term capital appreciation primarily through investment in companies in Asia, excluding Japan, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

8.83%
3.31%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

22.61%
0.87

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Anh Lu
Anh Lu, Portfolio Manager

Anh Lu is a portfolio manager in the Equity Division of T. Rowe Price Hong Kong Limited. Ms. Lu is the lead portfolio manager for the Asia ex-Japan Equity Strategy. She is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.

 

Strategy

Asia Opportunities Equity

The Asia Opportunities Equity Composite seeks long-term capital appreciation primarily through investment in companies in Asia, excluding Japan, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

9.39%
4.21%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

20.01%
1.01

Inception Date 05/31/2014

Performance figures calculated in USD

Other Literature

Eric C. Moffett
Eric C. Moffett, Portfolio Manager

Eric Moffett is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited. He is the portfolio manager for the firm's Asia Opportunities equity strategy and chairman of the strategy's Investment Advisory Committee. 

 

Strategy

Japan Equity

The Japan Equity Composite seeks long-term capital appreciation primarily through investment in large-, mid-, and small-cap companies traded in Japan markets, with faster earnings growth and reasonable valuation levels relative to market/sector averages. The market cap of holdings within these portfolios will typically be between $4 and $20 billion.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

11.48%
5.32%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

27.67%
1.64

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Archibald Ciganer
Archibald Ciganer, Portfolio Manager

Archibald Ciganer is the portfolio manager of the Japan Equity Strategy in the International Equity Division. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Japan, Inc.

 
 

Emerging Markets Equity

Strategy

Emerging Europe Equity

The Emerging Europe Equity Composite seeks long-term capital appreciation primarily through investment in companies in eastern Europe, Russia, Middle East, and northern Africa, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-4.75%
5.86%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-21.63%
0.33

Inception Date 09/30/2000

Performance figures calculated in EUR

Other Literature

Ulle Adamson
Ulle Adamson, Portfolio Manager

Ulle Adamson is a portfolio manager in the Equity Division at T. Rowe Price. She is the portfolio manager for the Emerging Europe Equity Strategy. Ms. Adamson is a vice president and an Investment Advisory Committee member of the Emerging Markets Equity Strategy and Emerging Markets Discovery Equity Strategy. She is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

Strategy

Emerging Markets Discovery Equity

Formerly Emerging Markets Value Equity Strategy

The Emerging Markets Discovery Equity Composite seeks long-term capital appreciation primarily through investment in emerging markets with attractive valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-2.11%
4.38%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-6.06%
-0.35

Inception Date 09/30/2015

Performance figures calculated in USD

Other Literature

Ernest C.  Yeung
Ernest C. Yeung, Portfolio Manager

Ernest Yeung is a portfolio manager for the Emerging Markets Discovery Equity Strategy at T. Rowe Price. He was the co-portfolio manager for the International Small-Cap Equity Strategies from 2009 to 2014. Mr. Yeung is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Hong Kong Limited.

 

Strategy

Emerging Markets Equity

The Emerging Markets Equity Composite seeks long-term capital appreciation primarily through investment in established companies, in developing markets, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.17%
3.19%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

10.47%
1.09

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Gonzalo Pángaro
Gonzalo Pángaro, Portfolio Manager

Gonzalo Pángaro is the lead portfolio manager for the Emerging Markets Equity Strategy in the Equity Division. He is chairman of the Investment Advisory Committee for the Emerging Markets Equity Strategy  and a member of the International Equity Steering Committee. Gonzalo is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

Strategy

Frontier Markets Equity

The Frontier Markets Equity Composite seeks long-term capital appreciation through investing in companies located, or with primary operations, in Frontier markets (defined as those markets which are not in the MSCI AC World Index) which are experiencing sustainable, strong earnings growth and trading at reasonable valuations relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-5.69%
4.96%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-10.24%
0.04

Inception Date 06/30/2014

Performance figures calculated in USD

Other Literature

Oliver Bell
Oliver Bell, Co-Portfolio Manager

Oliver Bell is a vice president of T. Rowe Price Group, Inc., associate head of Equity EMEA and the lead portfolio manager and chairman of the Investment Advisory Committee for the T. Rowe Price Middle East & Africa Equity Strategy and the Frontier Markets Equity Strategy. He is a member of the International Equity Steering Committee and a Board member of T. Rowe Price (Luxembourg) Management S.a.r.l.

 

Strategy

Latin America Equity

The Latin America Equity Composite seeks long-term capital appreciation through investment in companies in Latin America, with faster earnings growth and reasonable valuation levels relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-8.68%
4.58%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-23.17%
1.00

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Verena Wachnitz
Verena Wachnitz, Portfolio Manager

Verena Wachnitz is the portfolio manager for the Latin America Equity Strategy. Prior to this, she was an analyst in the Equity Research team, covering the telecom, financials, materials and real estate sectors in Latin America. Ms. Wachnitz is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

Strategy

Middle East & Africa Equity

The Middle East & Africa Equity Composite seeks long-term capital appreciation through investing across the region in companies who are experiencing strong earnings growth and trading at reasonable valuations relative to market/sector averages.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-3.10%
4.02%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-11.51%
-0.05

Inception Date 09/30/2007

Performance figures calculated in USD

Other Literature

Oliver Bell
Oliver Bell, Co-Portfolio Manager

Oliver Bell is a vice president of T. Rowe Price Group, Inc., associate head of Equity EMEA and the lead portfolio manager and chairman of the Investment Advisory Committee for the T. Rowe Price Middle East & Africa Equity Strategy and the Frontier Markets Equity Strategy. He is a member of the International Equity Steering Committee and a Board member of T. Rowe Price (Luxembourg) Management S.a.r.l.

 
 

U.S. Equity

Strategy

Communications & Technology Equity

Formerly Media & Telecommunications

The Communications & Technology Composite seeks long-term capital appreciation primarily through investment in media, technology, and telecommunications companies.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

24.79%
6.43%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

52.86%
1.91

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

James Stillwagon
James Stillwagon, Portfolio Manager

Jim Stillwagon is a portfolio manager in the U.S. Equity Division. He is the president of the US Communications and Technology Strategy and is the chairman of the strategy’s Investment Advisory Committee. He also is a vice president and an Investment Advisory Committee member of the US Large-Cap Equity Income and Science & Technology Equity Strategies. Jim is a vice president of T. Rowe Price Group, Inc.

 

Strategy

Financial Services Equity

The Financial Services Equity Composite seeks long-term capital appreciation and modest current income through investments in financial services companies primarily in the U.S. across all market capitalizations.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-0.29%
3.52%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-14.10%
0.65

Inception Date 10/31/1996

Performance figures calculated in USD

Other Literature

Gabriel Solomon
Gabriel Solomon, Portfolio Manager

Gabe Solomon is the portfolio manager of the Financial Services Equity Strategy in the U.S. Equity Division. He is also the chairman of its Investment Advisory Committee. In addition, he is a vice president and an Investment Advisory Committee member of the US Capital Appreciation, US Dividend Growth Equity, US Growth Stock, US Large-Cap Core Equity, US Large-Cap Value Equity, and US Mid-Cap Value Equity Strategies. He also is an Investment Advisory Committee member of the Global Focused Growth Equity, Global Growth Equity, and Global Value Equity Strategies. Gabe is a vice president of T. Rowe Price Group, Inc.

 

Strategy

Health Sciences Equity

The Health Sciences II Equity Composite seeks long-term capital appreciation primarily through investment in companies engaged in the research, development, production, or distribution of products or services related to health care, medicine, or life sciences. The strategy may employ the use of written and purchased call and put options.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

15.08%
3.50%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

36.10%
0.32

Inception Date 01/31/1996

Performance figures calculated in USD

Other Literature

Ziad Bakri, CFA, MD
Ziad Bakri, CFA, MD, Portfolio Manager

Ziad Bakri is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the Investment Advisory Committee of the Health Sciences Strategy. In addition, he is a vice president and an Investment Advisory Committee member of the Blue Chip Growth, New America Growth, New Horizons, Mid-Cap Growth, and Tax-Efficient Equity Strategies. Mr. Bakri is also an Investment Advisory Committee member of the Global Growth Stock Strategy and a vice president of the Emerging Europe Strategy. Previously, he was an investment analyst in the U.S. Equity Division, covering biotechnology in the health care sector. Mr. Bakri is a vice president of T. Rowe Price Group, Inc.

 

Strategy

QM US Small & Mid-Cap Core Equity

The QM US Small & Mid-Cap Equity Composite seeks long-term capital appreciation primarily through the investment in small and mid-cap companies. The strategy applies quantitative and active management techniques to achieve its investment objectives.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(3 Years)

4.27%
3.41%

1YR Return (Net)
(View Total Returns)

Information Ratio
(3 Years)

-0.83%
0.11

Inception Date 02/29/2016

Performance figures calculated in USD

Other Literature

Sudhir Nanda, CFA, Ph.D.
Sudhir Nanda, CFA, Ph.D., Co-Portfolio Manager

Sudhir Nanda is a portfolio manager in the U.S. Equity Division. He is president of the Investment Advisory Committees of the QM US Small-Cap Growth Equity, QM US Small & Mid-Cap Core Equity, and QM Global Equity Strategies and is a member of the U.S. Equity Steering Committee. Sudhir also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

QM US Small-Cap Growth Equity

The QM US Small-Cap Growth Equity Composite seeks long-term capital appreciation primarily through investment in small- cap companies with potential for above-average earnings growth. The strategy applies quantitative and active management techniques to achieve its investment objectives.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

10.06%
3.93%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

10.14%
0.21

Inception Date 04/30/1997

Performance figures calculated in USD

Other Literature

Sudhir Nanda, CFA, Ph.D.
Sudhir Nanda, CFA, Ph.D., Portfolio Manager

Sudhir Nanda is a portfolio manager in the U.S. Equity Division. He is president of the Investment Advisory Committees of the QM US Small-Cap Growth Equity, QM US Small & Mid-Cap Core Equity, and QM Global Equity Strategies and is a member of the U.S. Equity Steering Committee. Sudhir also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

QM US Value Equity

The QM US Value Equity Composite seeks long-term capital appreciation primarily through the investment in companies that appear to be undervalued. The strategy applies quantitative and active management techniques to achieve its investment objectives.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(3 Years)

-0.09%
3.28%

1YR Return (Net)
(View Total Returns)

Information Ratio
(3 Years)

-9.74%
-0.71

Inception Date 02/29/2016

Performance figures calculated in USD

Other Literature

Farris G. Shuggi, CFA
Farris G. Shuggi, CFA, Portfolio Manager

Farris Shuggi is the portfolio manager of the QM US Value Equity Strategy in the U.S. Equity Division. He is the chairman of the Investment Advisory Committee of the QM US Value Equity Strategy and an Investment Advisory Committee member of the Quantitative Management Strategies and the US Capital Appreciation, US Large-Cap Equity Income, and US Diversified Small-Cap Value Strategies. Farris also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

Science & Technology Equity

The Science and Technology Equity Composite seeks long-term capital appreciation by investing in companies expected to benefit from the development, advancement, and use of science and/or technology.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

21.81%
5.93%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

39.56%
0.47

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Ken Allen
Ken Allen, Portfolio Manager

Ken Allen is a portfolio manager in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the Science & Technology Equity Strategy and a vice president and an Investment Advisory Committee member of the US Quantitative U.S., Diversified Mid-Cap Growth Equity, U.S. Mid-Cap Growth Equity, Global Technology Equity, U.S. Large Cap Value Equity and US Quantitative Efficient Strategies  . Ken is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Funds.

 

Strategy

US Capital Appreciation

The US Capital Appreciation Composite seeks long-term capital appreciation with relatively low volatility by investing primarily in common stocks. The strategy may also invest in fixed-income and other securities to help preserve value in uncertain and declining markets.

Important Information: Read the 11/19/2020 press release regarding a proposal to launch a new investment advisor. 

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

11.21%
6.19%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

12.03%
-0.28

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

David R.  Giroux
David R. Giroux, Portfolio Manager

David Giroux is a portfolio manager in the U.S. Equity Division. He manages the Capital Appreciation Strategy including the Capital Appreciation Fund . He also is head of Investment Strategy, chief investment officer for Equity and Multi-Asset, and cochair of the Equity Research Advisory Committee. 

 

Strategy

US Diversified Small-Cap Value Equity

The US Diversified Small-Cap Value Equity Composite seeks long-term capital appreciation primarily through investment in small-cap companies that appear to be undervalued.

Important Information: Read the 11/19/2020 press release regarding a proposal to launch a new investment advisor. 

 

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

0.32%
3.89%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-6.62%
1.23

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

David Wagner
David Wagner, Portfolio Manager

David Wagner is the lead portfolio manager for the US Small-Cap Value Equity Strategy in the U.S. Equity Division. He is a vice president and member of the Investment Advisory Committees of the Mid-Cap Value U.S. Mid-Cap Value Equity, New Horizons U.S. Small Cap Growth Equity, and Small-Cap Stock Strategies  U.S. Small Cap Core Equity Strategies. David is a vice president of T. Rowe Price Group, Inc. 

 

Strategy

US Dividend Growth Equity

The US Dividend Growth Equity Composite seeks to provide a growing level of dividend income, long-term capital appreciation and a reasonable level of current income.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

11.96%
3.56%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

8.82%
0.03

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Thomas J.  Huber, CFA
Thomas J. Huber, CFA, Portfolio Manager

Tom Huber is the portfolio manager of the US Dividend Growth Equity Strategy in the U.S. Equity Division. He also is the chairman of the Investment Advisory Committee of the US Dividend Growth Equity Strategy and an Investment Advisory Committee member of the US Large-Cap Core Growth Equity and US Real Estate Equity Strategies. Tom is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Growth Stock

The US Growth Stock Composite seeks long-term capital appreciation primarily through investment in large-cap growth companies. The strategy closely tracks that of the TRP Growth Stock Fund and in doing so has the flexibility to invest in non-US equity securities.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

19.05%
5.88%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

34.76%
0.86

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Joseph Fath
Joseph Fath, Lead Portfolio Manager

Joe Fath is the portfolio manager for the U.S. Growth Stock Equity Strategy, including the Growth Stock Fund, in which he is chairman of the investment advisory committee.  He is a vice president and member of the investment advisory committee of the U.S. Quantitative US, U.S. Mid-Cap Growth Equity, U.S. Communications and Technology and U.S. Large-Cap Growth Equity Strategies.   He is vice president of T. Rowe Price Group. 

 

Strategy

US Large-Cap Core Equity

The US Large-Cap Core Equity Composite seeks long-term capital growth primarily through investments in common stocks of well established large-cap U.S. companies that may have either value or growth characteristics.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

11.20%
2.90%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

11.52%
-0.32

Inception Date 06/30/2009

Performance figures calculated in USD

Other Literature

Jeff Rottinghaus
Jeff Rottinghaus, Portfolio Manager

Jeff Rottinghaus is a portfolio manager in the U.S. Equity Division. He is president of the US Large-Cap Core Equity Strategy and chairman of its Investment Advisory Committee. In addition, he is a vice president and an Investment Advisory Committee member of the US Quantitative U.S. and US Dividend Growth Strategies. Jeff also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Large-Cap Core Growth Equity

The US Large-Cap Core Growth Equity Composite seeks long-term capital appreciation primarily through investment in common stocks of well established large- and medium-cap blue chip companies with potential for above-average earnings growth. Current income is a secondary objective for this strategy.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

21.07%
6.11%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

36.17%
1.10

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Larry J. Puglia, CFA, CPA
Larry J. Puglia, CFA, CPA, Lead Portfolio Manager

Larry J. Puglia is a portfolio manager in the U.S. Equity Division. Larry has been managing the US Large-Cap Core Growth Equity Strategy since 1993 and has had lead responsibility for all institutional accounts and other investment products within the strategy since 1997. He also is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. Larry is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Large-Cap Equity Income

The US Large-Cap Equity Income Composite seeks substantial dividend income, primarily through investment in dividend-paying common stocks of established companies. The strategy emphasizes companies that appear to be temporarily undervalued by various measures. Capital appreciation is a secondary objective for this strategy.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

0.62%
2.96%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-10.28%
-0.44

Inception Date 12/31/1989

Performance figures calculated in USD

Other Literature

John D.  Linehan, CFA
John D. Linehan, CFA, Portfolio Manager

John D. Linehan is the portfolio manager for the U.S. Large Cap Equity Income Strategy, U.S. Select Value Strategy and co-portfolio manager for the US Large-Cap Value Equity Strategy in the U.S. Equity Division. In addition, he is the chief investment officer of Equity and a member of the firm's U.S. Equity Steering and Equity Brokerage and Trading Control Committees. He also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Large-Cap Growth Equity

The US Large-Cap Growth Equity Composite seeks long-term capital appreciation by investing primarily in common stocks of large-cap growth companies based in the U.S.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

21.31%
4.35%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

36.32%
0.29

Inception Date 11/30/2001

Performance figures calculated in USD

Other Literature

Taymour Tamaddon, CFA
Taymour Tamaddon, CFA, Lead Portfolio Manager

Taymour Tamaddon is the portfolio manager of the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. He is a vice president and a member of the Investment Advisory Committees for the Health Sciences Equity, Global Growth Equity, US Multi-Cap Growth Equity, US Growth Stock Equity, US Large-Cap Core Growth Equity, and US Capital Appreciation Strategies. He also is a vice president of the T. Rowe Price Institutional International Funds, Inc., and the T. Rowe Price International Funds, Inc. Taymour is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Large-Cap Value Equity

The US Large-Cap Value Equity Composite seeks long-term capital appreciation primarily through investment in large companies that appear to be undervalued. Income is a secondary objective for this strategy.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

1.16%
2.18%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-8.94%
0.15

Inception Date 03/31/1990

Performance figures calculated in USD

Other Literature

Heather K. McPherson
Heather K. McPherson, Co-Portfolio Manager

Heather McPherson is a co-portfolio manager for the US Large-Cap Value Equity Strategy and an associate portfolio manager for the US Large-Cap Equity Income Strategy in the U.S. Equity Division. Heather is a member of the firm's U.S. Equity Steering Committee and is a vice president and an Investment Advisory Committee member of the US Large-Cap Equity Income, US Large-Cap Core Equity, US Quantitative Large, Global Natural Resources Equity, US Mid-Cap Value Equity, and US Large-Cap Value Equity Strategies. She is a trustee of the T. Rowe Price Foundation. Heather also is a vice president of T. Rowe Price Group, Inc. 

 

Strategy

US Mid-Cap Growth Equity

The US Mid-Cap Growth Equity Composite seeks long-term capital appreciation primarily through investment in mid-cap companies with potential for above-average earnings growth.

Important Information: Read the 11/19/2020 press release regarding a proposal to launch a new investment advisor. 

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

12.85%
3.30%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

13.39%
-0.24

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Brian W. H. Berghuis, CFA
Brian W. H. Berghuis, CFA, Lead Portfolio Manager

Brian W.H. Berghuis is the lead portfolio manager for the Mid-Cap Growth Equity Strategy, including the Mid-Cap Growth Fund, in the U.S. Equity Division. He also is chairman of the Investment Advisory Committee of the Mid-Cap Growth Fund. Additionally, Brian is a vice president and an Investment Advisory Committee member of the US Structured Active Mid-Cap Growth Equity, US Multi-Cap Growth Equity, and US Small-Cap Growth II Equity Strategies. Brian also is a member of the U.S. Equity Steering Committee. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Equity Funds, Inc.

 

Strategy

US Mid-Cap Value Equity

The US Mid-Cap Value Equity Composite seeks long-term capital appreciation primarily through investment in mid-cap companies that appear to be undervalued.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

1.03%
3.95%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-1.45%
0.35

Inception Date 07/31/1996

Performance figures calculated in USD

Other Literature

David J. Wallack
David J. Wallack, Portfolio Manager

David J. Wallack is the lead portfolio manager for the US Mid-Cap Value Equity Strategy in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the US Mid-Cap Value Equity Strategy and an Investment Advisory Committee member of the Global Natural Resources Equity and International Value Equity Strategies. David also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Funds.

 

Strategy

US Multi-Cap Growth Equity

The US Multi-Cap Growth Equity Composite seeks to provide long-term growth of capital by investing primarily in the common stocks of companies operating in sectors T. Rowe Price believes will be the fastest growing in the United States.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

22.72%
4.01%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

38.96%
0.43

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Justin P. White, CFA
Justin P. White, CFA, Portfolio Manager

Justin White is the portfolio manager of the US Multi-Cap Growth Equity Strategy, including the New America Growth Fund, in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the US Multi-Cap Growth Equity Strategy and a vice president and an Investment Advisory Committee member of the US Large-Cap Core Equity, US Structured Research Equity, US Growth Stock, US Large-Cap Core Growth Equity, US Mid-Cap Growth Equity, US Mid-Cap Value Equity, and Communications and Technology Equity Strategies. Justin also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Real Estate Equity

The US Real Estate Equity Composite seeks capital growth and current income by investing primarily in U.S. companies engaged in the real estate industry.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-3.14%
2.52%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-21.45%
-0.93

Inception Date 11/30/1997

Performance figures calculated in USD

Other Literature

Nina P.  Jones
Nina P. Jones, Portfolio Manager

Nina Jones is the portfolio manager for the Global Real Estate Equity and U.S. Real Estate Equity Strategies.  She is also chairman of the Investment Advisory Committee for the U.S. Real Estate Equity Strategy.  Nina is also a vice president and advisory committee member of the Financial Services and Mid-Cap Value strategies.  She is a member of the investment advisory committee of the Global Growth, Global Stock and Institutional Large Cap Value strategies.  Nina is vice president of T. Rowe Price Group.

 

Strategy

US Small-Cap Core Equity

The US Small-Cap Core Equity Composite seeks long-term capital growth primarily through investment in stocks of small companies believed to offer growth potential or be under-valued.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

10.34%
3.92%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

7.68%
1.57

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Frank M. Alonso
Frank M. Alonso, Portfolio Manager

Frank Alonso is a portfolio manager in the U.S. Equity Division. He manages the US Small-Cap Core Equity Strategy, including the Small-Cap Stock Fund for which he is chairman of the Investment Advisory Committee. In addition, he is an Investment Advisory Committee member of the US Small-Cap Growth II Equity and Balanced Fund Strategies. He also is a vice president of the Spectrum Funds. Frank is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Small-Cap Growth Equity

The US Small-Cap Growth II Equity Composite seeks long-term capital growth primarily though investment in common stocks of small, rapidly growing companies, generally with an investment weighted median market cap of 150-200%, relative to that of the Russell 2000 Growth Index.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

26.73%
7.11%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

47.98%
1.86

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Joshua K.  Spencer, CFA
Joshua K. Spencer, CFA, Portfolio Manager

Joshua Spencer is the lead portfolio manager for the US Small-Cap Growth Equity Strategy, including the New Horizons Strategy, in the Equity Division. He is the president of the strategy’s Investment Advisory Committee. Previously, he was the portfolio manager of the Global Technology Equity Strategy for nearly seven years. From 2004 to 2012, he was an investment analyst covering semiconductors and equipment under the technology industry. Josh is a vice president and a member of the Investment Advisory Committee for the Global Technology Equity, US Mid-Cap Growth Equity, US Small-Cap Core Equity, and Science & Technology Equity Strategies. In addition, he is on the Investment Advisory Committees of the US Growth Stock and US Large-Cap Growth Equity Strategies. Josh is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Smaller Companies Equity

The US Smaller Companies Equity Composite seeks long-term capital growth primarily through investment in stocks of smaller U.S. companies (small and mid-cap) believed to offer growth potential or be under-valued.

Important Information: Read the 11/19/2020 press release regarding a proposal to launch a new investment advisor. 

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

13.30%
4.50%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

13.43%
1.54

Inception Date 07/31/2001

Performance figures calculated in USD

Other Literature

Curt J. Organt, CFA
Curt J. Organt, CFA, Portfolio Manager

Curt Organt is the portfolio manager of the US Smaller Companies Equity Strategy and an associate portfolio manager of the US Small-Cap Core Equity Strategy in the U.S. Equity Division. Curt is a vice president and an Investment Advisory Committee member of the US Small-Cap Core Equity, US Diversified Small-Cap Value Equity, and US Small-Cap Growth Equity Strategies. He also is a vice president of T. Rowe Price Group, Inc.

 

Strategy

US Structured Research Equity

The US Structured Research Equity Composite seeks sector- and industry-neutral exposure to the S&P 500 Index, with value added through stock selection skill. The strategy combines fundamental research with a disciplined portfolio construction process to achieve its investment objectives.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

12.82%
1.15%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

15.92%
0.86

Inception Date 05/31/1999

Performance figures calculated in USD

Other Literature

Ann Holcomb, CFA
Ann Holcomb, CFA, Co-Portfolio Manager

Ann Holcomb is a director of research, North America, in the U.S. Equity Division. Ann is a member of the Equity Steering Committee, and she is co-portfolio manager of the U.S. Structured Research Equity Strategy.  She is also is cochair of the Investment Advisory Committee of the U.S. Structured Research Equity Strategy. Ann is a vice president of T. Rowe Price Group, Inc. 

 

Strategy

US Value Equity

The US Value Equity Composite seeks long-term capital appreciation by investing primarily in common stocks believed to be undervalued. Income is a secondary objective.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.41%
3.00%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-2.45%
0.13

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Mark S.  Finn, CFA, CPA
Mark S. Finn, CFA, CPA, Portfolio Manager

Mark Finn is the portfolio manager of the US Large-Cap Value Equity Strategy, which includes the Value Fund, and co-portfolio manager of the Large-Cap Value Fund in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the U.S. Large Cap Value Equity Strategy. Mark is also a vice president and an Investment Advisory Committee member of the US Large-Cap Equity Income, Global Natural Resources Equity, US Quantitative U.S., US Quantitative Large, US Mid-Cap Value Equity, and Retirement Strategies.

 
 

Global Fixed Income

Strategy

Credit Opportunities

The Credit Opportunities Composite seeks capital appreciation primarily through investment in fixed income securities, floating rate bank loans and floating rate debt securities rated below investment grade (BB or below) by S&P, Moody's or another nationally recognized securities rating organization (NRSRO).

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.26%
1.87%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

1.88%
0.12

Inception Date 05/31/2014

Performance figures calculated in USD

Other Literature

Rodney M.  Rayburn, CFA
Rodney M. Rayburn, CFA, Portfolio Manager

Rodney Rayburn is a portfolio manager in the Fixed Income Division, managing the Credit Opportunities and High Yield Bond Strategies. He is president of the Credit Opportunities Fund, Inc. He also is executive vice president of the High Yield Fund, Inc., and Institutional Income Funds, Inc., and chairman of their respective Investment Advisory Committees. He is a member of the Investment Advisory Committee for the Balance Fund. Rodney is a vice president of T. Rowe Price Associates, Inc., T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.

 

Strategy

Dynamic Global Bond

The Dynamic Global Bond (USD Hedged) Composite seeks to deliver consistent fixed income returns through a flexible, dynamic and diversified allocation to debt instruments from around the world. The strategy adopts a holistic and rigorous approach to risk management to protect clients on the downside, and particularly seeks to provide adequate diversification at times of equity markets’ correction.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

2.50%
3.23%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

8.98%
0.48

Inception Date 01/31/2015

Performance figures calculated in USD

Other Literature

Arif Husain, CFA
Arif Husain, CFA, Portfolio Manager

Arif Husain is the head of the International Fixed Income Division. He is a co-portfolio manager for the International Bond and Institutional International Bond Strategies and the lead portfolio manager for the Global Aggregate Bond Strategy. Arif also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. 

 

Strategy

Global Aggregate Bond

The Global Aggregate Strategy (USD) Bond Composite is comprised of portfolios that seek current income and capital appreciation primarily through investment in fixed income securities issued by governments and other investment grade entities. Below investment grade issues including high yield and emerging debt securities are also permitted. The use of derivatives, including futures and options, is also permitted.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.97%
1.20%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

9.51%
0.93

Inception Date 05/31/2006

Performance figures calculated in USD

Other Literature

Arif Husain, CFA
Arif Husain, CFA, Portfolio Manager

Arif Husain is the head of the International Fixed Income Division. He is a co-portfolio manager for the International Bond and Institutional International Bond Strategies and the lead portfolio manager for the Global Aggregate Bond Strategy. Arif also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. 

 

Strategy

Global High Income Bond

The Global High Income Bond Hedged to USD Composite seeks high current income and capital appreciation primarily through the investment in global fixed income securities rated below investment grade (BB or below) by S&P, Moody's, or another nationally recognized securities rating organization (NRSRO). The composite seeks global diversification by targeting North American and European high yield and emerging markets corporate issuers.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

3.77%
2.15%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

0.68%
0.24

Inception Date 01/31/2015

Performance figures calculated in USD

Other Literature

Michael Della Vedova
Michael Della Vedova, Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

Strategy

Global Investment Grade Corporate Bond

The Global Investment Grade Corporate Bond Composite seeks capital appreciation primarily through investment in fixed income securities, floating rate bank loans and floating rate debt securities rated below investment grade (BB or below) by S&P, Moody’s or another nationally recognized securities rating organization (NRSRO).

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.89%
1.96%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

3.80%
0.13

Inception Date 06/30/2015

Performance figures calculated in USD

Other Literature

Steve Boothe
Steve Boothe, Portfolio Manager

Steve Boothe is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Boothe has lead portfolio management responsibilities for the Global Investment Grade and U.S. Investment Grade Corporate Bond Strategies. He is a member of the Global Multi-Sector and U.S. Taxable Bond teams, with a focus on global and U.S. investment-grade corporate bond portfolios. Mr. Boothe is an executive vice president and cochairman of the Investment Advisory Committee of the Corporate Bond Strategy. He is also a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

Global Multi-Sector Bond

The Global Multi-Sector Bond Composite seeks high income and some capital appreciation primarily through investment in sectors and securities within the Bloomberg Barclays Global Aggregate Bond USD Hedged Index. The strategy may also invest in bank loans, non-agency MBS, and convertible bonds.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

5.30%
4.58%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

5.56%
0.44

Inception Date 12/31/2008

Performance figures calculated in USD

Other Literature

Kenneth A.  Orchard
Kenneth A. Orchard, Lead Portfolio Manager

Kenneth Orchard is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment team. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

Strategy

High Yield Bond

The High Yield Master Bond Composite combines accounts included in the High Yield Core Composite and the High Yield Strategy Composite. The master composite seeks high current income and capital appreciation primarily through investment in fixed income securities rated below investment grade (BB or below) by S&P, Moody's, or another nationally recognized securities rating organization (NRSRO). Emerging market sovereign and corporate securities are excluded from this strategy.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

3.80%
1.57%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

1.86%
-0.02

Inception Date 06/30/1985

Performance figures calculated in USD

Other Literature

Rodney M.  Rayburn, CFA
Rodney M. Rayburn, CFA, Portfolio Manager

Rodney Rayburn is a portfolio manager in the Fixed Income Division, managing the Credit Opportunities and High Yield Bond Strategies. He is president of the Credit Opportunities Fund, Inc. He also is executive vice president of the High Yield Fund, Inc., and Institutional Income Funds, Inc., and chairman of their respective Investment Advisory Committees. He is a member of the Investment Advisory Committee for the Balance Fund. Rodney is a vice president of T. Rowe Price Associates, Inc., T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.

 
 

International Fixed Income

Strategy

International Bond

The International Bond Composite seeks current income and capital appreciation primarily through investments in foreign currency-denominated fixed income securities issued by governments and other investment grade entities. Below investment grade issues including high yield and emerging debt securities are also permitted. The use of derivatives, including futures and options, are also permitted.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

3.79%
1.78%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

7.37%
0.77

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Kenneth A.  Orchard
Kenneth A. Orchard, Portfolio Manager

Kenneth Orchard is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment team. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 
 

European Fixed Income

Strategy

Euro Corporate Bond

The Euro Corporate Bond Composite seeks current income and capital appreciation primarily through investment in corporate fixed income securities denominated in Euros. The strategy may invest in preferred stock and other transferable debt securities including those issued by the governments of countries participating in the Euro.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

2.36%
0.92%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

0.69%
0.88

Inception Date 07/31/2001

Performance figures calculated in EUR

Other Literature

David Stanley
David Stanley, Portfolio Manager

David Stanley is a portfolio manager in the Fixed Income Division at T. Rowe Price, responsible for European corporate bond selection. Mr. Stanley is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

Strategy

Europe High Yield Bond

The Europe High Yield Bond Composite seeks to maximize total return primarily through investment in high yield corporate bonds denominated in European currencies.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

1.05%
2.43%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

0.41%
-0.03

Inception Date 10/31/2011

Performance figures calculated in EUR

Other Literature

Michael Della Vedova
Michael Della Vedova, Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

 

Valuations and performance are computed in USD and converted to EUR. When converting U.S. Dollar composite returns, benchmarks, dispersion and asset data, the same exchange rate source is used consistently. Total returns in non-U.S. Dollar currencies are calculated by adjusting U.S. Dollar performance by the percent change in the U.S. Dollar/foreign currency exchange rate (as determined by an independent third party) for the time periods selected. Net of fees performance is calculated using the currency-converted gross performance and then deducting the highest applicable EUR fee without the benefit of breakpoints. 

 

Emerging Markets Fixed Income

Strategy

Emerging Markets Bond

The Emerging Markets Bond Composite seeks current income and capital appreciation primarily through investment in fixed income securities issued by emerging nations. The strategy may invest in low rated bonds, including those in default, when market conditions warrant. Absolute weightings in the Emerging Markets Bond Composite will generally be higher in the larger markets of Brazil, Mexico, and Russia than absolute weightings in the Emerging Markets Diversified Bond Composite.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

0.35%
3.09%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-0.06%
-0.04

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Michael J.  Conelius, CFA
Michael J. Conelius, CFA, Co-Portfolio Manager

Michael Conelius is a portfolio manager in the International Fixed Income Division. He co-manages the Emerging Markets Bond and the Institutional Emerging Markets Bond Funds and is chairman of each fund’s Investment Advisory Committee. Michael is an executive vice president of the Global Funds and International Funds, a vice president and an Investment Advisory Committee member of the Global Multi-Sector Bond Fund, a vice president of the Institutional Income Funds and Multi-Sector Account Portfolios, and a member of the Distressed Advisory Committee. He also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price Trust Company, and T. Rowe Price International Ltd.

 

Strategy

Emerging Markets Corporate Bond

The Emerging Markets Corporate Bond Full-Authority Composite is comprised of portfolios seeking current income and capital appreciation primarily through investment in a broader universe of fixed income corporate debt securities and quasi-sovereign debt securities issued by companies located or having a business activity in emerging/developing countries. While largely focused on dollar-denominated corporate bonds, the composite has the ability to invest in local currency corporates as well as dollar-denominated sovereigns. The Full-Authority composite maintains broader discretion seeking to invest in the entire emerging markets corporate universe

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.73%
1.61%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

3.45%
0.86

Inception Date 05/31/2011

Performance figures calculated in USD

Other Literature

Samy Muaddi, CFA
Samy Muaddi, CFA, Portfolio Manager

Samy Muaddi is a portfolio manager in the International Fixed Income Division. He is the lead manager of the Emerging Markets Corporate Bond and Asia Credit Bond Strategies and co-manages the Emerging Markets Bond and Global High Income Bond Strategies. Samy also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

Emerging Markets Local Currency Bond

The Emerging Markets Local Currency Bond Composite seeks to maximize total return by investing primarily in a widely diversified, global portfolio of bonds and other fixed and floating rate securities issued by governments, government agencies, supra-national and corporate issuers established, or conducting the predominant part of their business activity, in the economically emerging countries of Latin America, Asia, Europe, Africa and the Middle East. The composite's emphasis will be on investing in securities denominated in the currencies of the respective emerging countries.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

-0.08%
1.17%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

-0.77%
0.84

Inception Date 09/30/2007

Performance figures calculated in USD

Other Literature

Andrew Keirle
Andrew Keirle, Portfolio Manager

Andrew Keirle is a senior portfolio manager in the Fixed Income Division and a member of the Global Fixed Income Investment Team. Mr. Keirle is the lead portfolio manager for the Emerging Markets Local Currency Bond Strategy and has important input on a number of emerging markets bond strategies and global fixed income strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.

 
 

U.S. Fixed Income

Strategy

Floating Rate Bank Loan

The Floating Rate Bank Loan Composite seeks high current income and capital appreciation primarily through investment in floating rate bank loans and floating rate debt securities rated below investment grade (BB or below) by S&P, Moody's, or another nationally recognized securities rating organization (NRSRO).

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

2.97%
1.64%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

0.61%
0.03

Inception Date 02/29/2008

Performance figures calculated in USD

Other Literature

Paul Massaro, CFA
Paul Massaro, CFA, Portfolio Manager

Paul Massaro is head of the Global High Yield team and portfolio manager of the Floating Rate Bank Loan Strategy in the Fixed Income Division. He is president and chairman of the Investment Advisory Committees for the Floating Rate and Institutional Income Funds, executive vice president and chairman for the Floating Rate Multi-Sector Account Portfolios, and a vice president and an Investment Advisory Committee member of the Capital Appreciation Fund. Paul is also an Investment Advisory Committee member of the High Yield Fund, High Yield Multi-Sector Account Portfolios, and the Institutional High Yield Fund and a member of the Fixed Income Steering Committee. Paul is a vice president of T. Rowe Price Associates, Inc., T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.

 

Strategy

QM US Aggregate Bond Index

The US Aggregate Bond Index Composite seeks to approximate the total return performance of the U.S. Fixed Income Market for publicly traded securities as represented by major fixed income benchmarks, including the Bloomberg Barclays U.S. Aggregate Bond Index. The strategy applies qualitative and quantitative management techniques to achieve its investment objectives.

3YR Return Annualized
(View Total Returns)

Tracking Error
(5 Years)

N/A
0.59%

1YR Return
(View Total Returns)

Information Ratio
(5 Years)

N/A
0.63

Inception Date 06/30/1990

Performance figures calculated in USD

Other Literature

Robert M.  Larkins, CFA
Robert M. Larkins, CFA, Portfolio Manager

Robert Larkins is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Larkins is lead portfolio manager of the firm's suite of bond index strategies, overseeing the U.S. Aggregate Bond Index Strategy, the U.S. Enhanced Aggregate Bond Strategy, and numerous custom bond index mandates, including liability-driven investment portfolios tailored to meet specific client needs. He is also lead portfolio manager of the Long Duration Credit Strategy and is a member of the firm's Investments Derivatives Committee. Mr. Larkins is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Core Bond

The US Core Bond Composite seeks current income and capital appreciation primarily through investment in sectors and securities within the Bloomberg Barclays U.S. Aggregate Bond Index. The strategy may also invest in high yield and non-dollar bonds (hedged and unhedged).

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.58%
2.45%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

4.88%
0.04

Inception Date 12/31/1995

Performance figures calculated in USD

Other Literature

Stephen L. Bartolini, CFA
Stephen L. Bartolini, CFA, Portfolio Manager

Steve Bartolini is a portfolio manager for the US Core Bond, US Inflation Protected, and US Short-Term Inflation Focused Bond Strategies in the Fixed Income Division. He is the president and chairman of the Investment Advisory Committee for the New Income Fund and the president and cochairman of the Inflation Protected Bond and the Limited Duration Inflation Focused Bond Funds. Steve co-heads the Global Interest Rate and Currency Strategy team and is a member of the portfolio strategy team for the U.S. taxable bond strategies. He also is a member of the Asset Allocation Committee. Steve is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

 

Strategy

US Core Plus Bond

The US Core Plus Bond Composite seeks current income and capital appreciation primarily through investment in sectors and securities within the Bloomberg Barclays U.S. Aggregate Bond Index. The strategy may also invest in high yield, emerging markets, and non-dollar bonds (hedged and unhedged).

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

5.17%
2.65%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

6.22%
0.28

Inception Date 12/31/2004

Performance figures calculated in USD

Other Literature

Brian Brennan
Brian Brennan, Portfolio Manager

Brian Brennan is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Brennan has lead portfolio management responsibilities for the US Treasury, US Core Plus Bond, and Stable Value Strategies. He also is a member of the portfolio strategy team for T. Rowe Price's core and core plus mandates. Mr. Brennan is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, and T. Rowe Price Trust Company.

 

Strategy

US High Yield Bond

The US High Yield Bond Composite seeks total return and income primarily through investment in fixed income securities rated below investment-grade in the U.S. bond market.

Important Information: Read the 11/19/2020 press release regarding a proposal to launch a new investment advisor. 

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

4.89%
2.04%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

5.06%
0.75

Inception Date 04/30/2013

Performance figures calculated in USD

Other Literature

Kevin Loome, CFA
Kevin Loome, CFA, Portfolio Manager

Kevin Loome is a portfolio manager in the Fixed Income Division. He has lead portfolio management responsibilities for the US High Yield Bond Strategy. He is an executive vice president of the High Yield Fund, Inc., and a member of the Investment Advisory Committee for the U.S. High Yield Fund. Kevin also is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Inflation Protected Bond

The US Inflation Protected Bond Composite seeks to provide inflation protection and income by investing primarily in inflation protected debt securities.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

6.02%
0.51%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

9.96%
0.25

Inception Date 11/30/2002

Performance figures calculated in USD

Other Literature

Stephen L. Bartolini, CFA
Stephen L. Bartolini, CFA, Co-Portfolio Manager

Steve Bartolini is a portfolio manager for the US Core Bond, US Inflation Protected, and US Short-Term Inflation Focused Bond Strategies in the Fixed Income Division. He is the president and chairman of the Investment Advisory Committee for the New Income Fund and the president and cochairman of the Inflation Protected Bond and the Limited Duration Inflation Focused Bond Funds. Steve co-heads the Global Interest Rate and Currency Strategy team and is a member of the portfolio strategy team for the U.S. taxable bond strategies. He also is a member of the Asset Allocation Committee. Steve is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.

 

Strategy

US Investment Grade Core Bond

The US Investment Grade Core Bond Composite seeks current income and capital appreciation primarily through investment in sectors and investment grade securities in U.S. Fixed Income Indices, including the Bloomberg Barclays U.S. Aggregate Index. The strategy does not typically deviate significantly from the benchmark, but has flexibility to do so when market conditions warrant.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

5.11%
1.31%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

6.34%
0.26

Inception Date 06/30/1979

Performance figures calculated in USD

Other Literature

Brian Brennan
Brian Brennan, Portfolio Manager

Brian Brennan is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Brennan has lead portfolio management responsibilities for the US Treasury, US Core Plus Bond, and Stable Value Strategies. He also is a member of the portfolio strategy team for T. Rowe Price's core and core plus mandates. Mr. Brennan is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., T. Rowe Price International Ltd, and T. Rowe Price Trust Company.

 

Strategy

US Investment Grade Corporate Bond

N/A

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

5.89%
1.00%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

6.81%
0.08

Inception Date 03/31/1987

Performance figures calculated in USD

Other Literature

Steve Boothe
Steve Boothe, Co-Portfolio Manager

Steve Boothe is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Boothe has lead portfolio management responsibilities for the Global Investment Grade and U.S. Investment Grade Corporate Bond Strategies. He is a member of the Global Multi-Sector and U.S. Taxable Bond teams, with a focus on global and U.S. investment-grade corporate bond portfolios. Mr. Boothe is an executive vice president and cochairman of the Investment Advisory Committee of the Corporate Bond Strategy. He is also a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Long Duration Bond

The U.S. Long Duration Composite seeks to improve liability relative results primarily through careful asset liability management using investment grade corporate bonds issued by U.S. domestic corporations and government bonds.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

11.61%
0.64%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

16.15%
-0.09

Inception Date 06/30/2002

Performance figures calculated in USD

Other Literature

Justin Harvey, CFA, ASA
Justin Harvey, CFA, ASA, Portfolio Manager

Justin Harvey is the head of Analysis for Multi-Asset Solutions in the Multi-Asset Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Long Duration Credit Bond

The US Long Duration Credit Bond Composite seeks a high level of income with capital appreciation primarily through longer duration investment grade corporate bonds issued by U.S. domestic corporations.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

10.11%
1.41%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

12.53%
0.57

Inception Date 06/30/2013

Performance figures calculated in USD

Other Literature

Robert M.  Larkins, CFA
Robert M. Larkins, CFA, Portfolio Manager

Robert Larkins is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Larkins is lead portfolio manager of the firm's suite of bond index strategies, overseeing the U.S. Aggregate Bond Index Strategy, the U.S. Enhanced Aggregate Bond Strategy, and numerous custom bond index mandates, including liability-driven investment portfolios tailored to meet specific client needs. He is also lead portfolio manager of the Long Duration Credit Strategy and is a member of the firm's Investments Derivatives Committee. Mr. Larkins is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Short-Term Bond

The US Short-Term Bond Composite seeks current income with minimal price volatility primarily through investment in fixed income securities included in the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. The strategy may also include exposure to asset-backed, mortgage-backed, and other securities not present in the reference index.

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(5 Years)

3.26%
1.61%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

4.33%
0.45

Inception Date 03/31/1990

Performance figures calculated in USD

Other Literature

Michael  F.  Reinartz
Michael F. Reinartz, Portfolio Manager

Michael Reinartz is a portfolio manager in the Fixed Income Division at T. Rowe Price. He is a member of the U.S. Taxable Low Duration team, portfolio manager of the U.S. Short-Term Bond Strategy, and co-portfolio manager of the Limited-Term Bond Portfolio. Mr. Reinartz is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

 

Strategy

US Total Return Bond

The US Total Return Bond Composite is a diversified bond strategy that seeks to maximize total return via a combination of income and capital appreciation. It invests primarily in U.S. intermediate-term bonds but can also invest outside of the benchmark in below investment-grade, emerging markets, and nondollar debt (hedged and unhedged).

3YR Return Annualized (Net)
(View Total Returns)

Tracking Error
(3 Years)

5.72%
3.40%

1YR Return (Net)
(View Total Returns)

Information Ratio
(3 Years)

6.97%
0.24

Inception Date 11/30/2016

Performance figures calculated in USD

Other Literature

Christopher P. Brown, Jr., CFA
Christopher P. Brown, Jr., CFA, Portfolio Manager

Chris Brown is the head of the Securitized Products team and a portfolio manager of the Total Return Bond Strategy in the Fixed Income Division. He is the president and chairman of the Investment Advisory Committee for the Total Return Fund and a vice president and Investment Advisory Committee member of the Multi-Sector Account Portfolios and the GNMA, Institutional Income, New Income, Global Multi-Sector Bond, and QM U.S. Bond Index Funds. Chris also is a member of the Mortgage-Backed Securities Multi-Sector Account Portfolio and Dynamic Credit Fund Investment Advisory Committees, a member of the U.S. Taxable Strategy team, and a cochair of the Sector Strategy Advisory Group. Chris is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.