T. Rowe Price Large Cap Equity Income SMA
Overview
A relative value approach seeking above-average dividends.
Using a conservative, relative value investment approach, the U.S. Large-Cap Equity Income SMA seeks to provide an above-average dividend yield relative to the broader market. It favors high-quality companies with strong brands, or assets that appear undervalued.
Strategy
- Aims to provide income and capital appreciation through a conservative, relative value investment approach, which focuses on finding high-quality dividend-paying companies with strong brands, franchises, or assets that appear undervalued.
- Leverages fundamental research and active, bottom-up stock selection to construct a portfolio focused on companies with above-average income, favoring names with compelling valuations, attractive long-term fundamentals, and strong dividend yields.
- Employs our valuation-driven approach regardless of the market environment to construct a portfolio of 55 to 70 holdings that exhibit strong style consistency over time.
- Seeks outperformance with minimal portfolio turnover through effective security selection over a full market cycle.
John D. Linehan, CFA
Portfolio Manager
John D. Linehan is the portfolio manager for the US Large-Cap Equity Income and US Select Value Strategies and co-portfolio manager for the US Large-Cap Value Equity Strategy in the Global Equity Division. In addition, he is the chief investment officer of Equity and a member of the firm's Global Equity Steering and Global Trading Committees. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
Key Facts and Figures
Morningstar ID: F000016K7M
Inception date
9/30/2020
Holdings Range
55-70 stocks
Benchmark
Russell 1000 Value Index
Insights
Important Information
^T. Rowe Price does not provide tax guidance or advice.
*Differences between compared investments may include sales and management fees, liquidity, volatility, tax features, holdings, and other features, which may result in differences in performance.
RISK CONSIDERATIONS:
All investments are subject to risks, including the possible loss of principal. International investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates; differences in market structure and liquidity; as well as specific country, regional, and economic developments. A growth or value approach to investing could cause underperformance compared with other stock portfolios that employ different investment styles.Growth stocks tend to be more volatile than value stocks, and their prices usually fluctuate more dramatically than the overall stock market. The intrinsic value of a stock with value characteristics may not be fully recognized by the market for a long time or a stock judged to be undervalued may actually be appropriately priced at a low level.
202509-4661260