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

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Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Oct-2019
NAV
(USD)
$32.38
Data as of: 08-Nov-2019
1YR Return
(Annualised)
8.93%
Data as of: 31-Oct-2019
Fund Size
(USD)
$774.3m
Data as of: 31-Oct-2019
Perf Change
(Daily)
-0.86%
Data as of: 08-Nov-2019
3YR Return
(Annualised)
9.02%
Data as of: 31-Oct-2019

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

84
Holdings

Style
Value
Risk & Reward Data
Information Ratio
0.00
Sharpe Ratio
0.47
Historical Tracking Error
3.67%
Performance - Net of Fees
Current Year Performance
MTD
2.47%
Benchmark*
2.32%
Excess Return

0.15%
QTD
2.47%
Benchmark*
3.70%
Excess Return

-1.23%
YTD
21.09%
Benchmark*
21.46%
Excess Return

-0.37%
Data as of 08-Nov-2019
1 Month
0.00%
Benchmark*
1.35%
Excess Return

-1.35%
3 Months
0.25%
Benchmark*
1.73%
Excess Return

-1.48%
Data as of 31-Oct-2019
 
Annualised Performance
1 YR
8.93%
Benchmark*
10.35%
Excess Return

-1.42%
3 YR
9.02%
Benchmark*
9.69%
Excess Return

-0.67%
5 YR
6.73%
Benchmark*
6.82%
Excess Return

-0.09%
10 YR
10.65%
Benchmark*
11.15%
Excess Return

-0.50%
Manager Inception
N/A
Benchmark*
N/A
Excess Return

N/A
Data as of 31-Oct-2019
Indicative Benchmark : Russell 1000 Value Net 30% Index
Fund Inception: 27-Mar-2002

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

Holdings
Total
Holdings
84
Largest
Wells Fargo
3.70%
Was ( 30-Jun-2019 )

3.35%
Top 10
27.11%
Contributor
Wells Fargo
By 0.27%
% of fund
3.73%
Detractor
Total
By -0.56%
% of fund
2.53%
Purchase
Edison International (N)
0.86%
Was ( 30-Jun-2019 )
0.00%
Sale
Merck
0.58%
Was ( 30-Jun-2019 )
1.47%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Financials
23.29%
Was ( 30-Sep-2019 )
22.78%
Contributor
Health Care
By 0.63%
Sector
-0.06%
Selection
0.70%
Detractor
Real Estate
By -0.26%
Sector
-0.21%
Selection
-0.04%
Data as of 30-Sep-2019
Over
Information Technology
By 3.77%
Fund
9.89%
Benchmark*
6.12%
Under
Consumer Discretionary
By -3.44%
Fund
2.56%
Benchmark*
6.00%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: Russell 1000 Value Index

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


Team
Heather McPherson,
Portfolio Manager
Heather McPherson is co-portfolio manager for the Institutional U.S. Large-Cap Value Equity Strategy in the U.S. Equity Division. She is also an investment analyst covering papers and forest products.
Portfolio Manager since
2015
Years at
T. Rowe Price
15
Years investment experience
17
John Linehan,
Portfolio Manager
John D. Linehan is a large-cap value portfolio manager and is co-chairman of the Institutional Large-Cap Value Fund.
Portfolio Manager Since
2001
Years at
T. Rowe Price
19
Years investment experience
28
Mark S. Finn,
Portfolio Manager
Mark Finn is the lead portfolio manager of the US Value Equity Strategy and is also a co-portfolio manager of the US Large-Cap Value Equity Strategy.
Portfolio Manager since
2010
Years at
T. Rowe Price
26
Years investment experience
19
Eric Papesh,
Portfolio Specialist
Eric Papesh is a portfolio specialist in the U.S. Equity Division of T. Rowe Price. He is based in London.
Years at T. Rowe Price
2
Years investment experience
22
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Investment Management Fee Ongoing
Charges1

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

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

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

Daily performance data is based on the latest available NAV.  

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

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

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

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

Sources: Copyright © 2019 FactSet Research Systems Inc. All rights reserved. MSCI/S&P GICS Sectors; Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses the MSCI/S&P Global Industry Classification Standard (GICS) for sector and industry reporting. Each year, MSCI and S&P make changes to the GICS structure. The last change occurred on September 28, 2018. T. Rowe Price will adhere to all future updates to GICS for prospective reporting.

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

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

The Morningstar rating is sourced from Morningstar.

©2019 Morningstar, Inc.  All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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