Risk Considerations

  1. The Fund invests mainly in a diversified portfolio of stocks from large capitalization companies in the United States that have the potential for above-average and sustainable rates of earnings growth.
  2. Investment in the Fund involves risks, including general investment risk, equity market risk and geographic concentration risk which may result in loss of a part or the entire amount of your investment.
  3. The value of the Fund can be volatile and could go down substantially.
  4. You should not invest in the Fund unless the intermediary which sells you the Fund has advised you that the Fund is suitable for you.
  5. Investors should not invest in the Fund solely based on this document.
SICAV
US Large Cap Growth Equity Fund
Seeking to identify investments with the potential to deliver double-digit earnings growth.
ISIN LU0174119429
FACTSHEET
KFS
YTD
Return
17.42%
1YR Return
(Annualised)
2.42%
3YR Return
(Annualised)
18.62%
NAV (USD)
at 12-Sep-2019
$44.27
NAV Change
(Daily)
1.26%
Fund Size
(USD)
$2,240.9m
Taymour Tamaddon,
Portfolio Manager
Taymour Tamaddon is a portfolio manager on the large-cap growth team in the U.S. Equity Division.

Overview
Strategy
Fund Summary
Seeking to deliver long-term returns from attractive U.S. companies with high-quality earnings streams, strong free cash flow growth and shareholder-oriented management.
SMALL-CAP
MID-CAP
LARGE-CAP

68
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
0.13
Sharpe Ratio
0.84
Historical Tracking Error
6.27%
Performance - Net of Fees
Current Year Performance
1 Month
-3.00%
Indicative Benchmark
-0.81%
Excess Return

-2.19%
3 Months
5.56%
Indicative Benchmark
8.34%
Excess Return

-2.78%
6 Months
3.02%
Indicative Benchmark
9.00%
Excess Return

-5.98%
YTD
17.42%
Indicative Benchmark
22.96%
Excess Return

-5.54%
Annualised Performance
1 YR
2.42%
Indicative Benchmark
3.88%
Excess Return

-1.46%
3 YR
18.62%
Indicative Benchmark
16.56%
Excess Return

2.06%
5 YR
13.37%
Indicative Benchmark
12.57%
Excess Return

0.80%
Inception
9.78%
Indicative Benchmark
9.43%
Excess Return

0.35%
Data as of 31-Aug-2019
Indicative Benchmark : Russell 1000 Growth Net 30% Index
Share Class Inception Date: 13-Nov-2003
Holdings
Total
Holdings
68
Largest
Amazon.com
8.62%
Was ( 31-Mar-2019 )

8.40%
Top 10
48.24%
Largest Contributor
Amazon.com
By 1.53%
% of fund
8.54%
Largest Detractor
Alphabet
By -1.92%
% of fund
7.18%
Largest Purchase
Facebook
6.13%
Was ( 31-Mar-2019 )
5.12%
Largest Sale
UnitedHealth Group
0.73%
Was ( 31-Mar-2019 )
2.61%
Data as of 30-Jun-2019
Sectors
Total
Sectors
9
Largest
Information Technology
30.12%
Was ( 31-Jul-2019 )
29.43%
Largest Contributor
Information Technology
By 0.39%
Sector Weight
-0.09%
Stock Selection
0.49%
Largest Detractor
Health Care
By -0.73%
Sector Weight
-0.43%
Stock Selection
-0.30%
Data as of 30-Jun-2019
Overweight
Communication Services
By 8.17%
Fund
19.65%
Indicative Benchmark
11.49%
Underweight
Information Technology
By -7.25%
Fund
30.12%
Indicative Benchmark
37.37%
Data as of 31-Aug-2019
Data as of 31-Aug-2019
Indicative Benchmark: Russell 1000 Growth Index

Team
Taymour Tamaddon,
Portfolio Manager
Taymour Tamaddon is a portfolio manager on the large-cap growth team in the U.S. Equity Division.
Portfolio Manager since
2017
Years at T. Rowe Price
13
Years investment experience
14
Julian Cook,
Portfolio Specialist
Julian Cook is a portfolio specialist in the Equity Division covering the US Large-Cap Growth and Blue Chip Growth Equity Strategies.
Years at T. Rowe Price
1
Years investment experience
25
How to Invest
Fees Minimum Initial Investment and Holding Amount (USD) Minimum Subsequent Investment (USD) Sales Charge (up to) Investment Management Fee (up to)

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.

Unless otherwise specified, all fund ratings, awards and data are as of 31-Aug-2019 and sourced from T. Rowe Price. 

SICAV refers to 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”).

Source for performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested in the share class currency, 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. Indicative benchmark returns are shown with gross dividends reinvested.   

Please refer to the factsheet for the Minimum Performance Information and other details.

Investment involves risks. Past performance is not a reliable indicator of future performance. The investment returns for some funds are denominated in foreign currency other than US/HK dollar. US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar against other foreign currency's exchange rate. Investors should refer to the prospectus for full details of the objectives, investment policies and risks.

Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.  

The calendar year performance of a share class in its year of inception is calculated from its inception date to the last day of that year, which is not a full year return.

Issued in Hong Kong by T. Rowe Price Hong Kong Limited, 6/F, Chater House, 8 Connaught Road Central, Hong Kong. T. Rowe Price Hong Kong Limited is licensed and regulated by the Securities & Futures Commission (“SFC”). This has not been reviewed by the SFC.

All Risk & Reward Data shown is specific to the particular share class shown, and is not necessarily representative of the fund as a whole. The data is calculated based upon the return and standard deviation of the selected share class over 3 years (if the share class has a track record of between 3 and 5 years) or 5 years, once the share class has sufficient performance history. Risk & Reward Data is not available for share classes with under 3 years’ performance history. 

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.

Where Top 10 Contributor and Detractor figures are shown (within the Holdings sections), these represent the Top 10 contributing/detracting securities by percentage of positive or negative contribution to performance as of 31-Aug-2019.

Where individual top contributor/detractor figures are shown, these are the largest contributors/detractors by percentage of fund size, out of the Top 10 contributors/detractors to fund performance as of 31-Aug-2019.

Calculation methodology of the contributors/detractors is available upon request. The specific securities identified and described do not represent all of the securities purchased, sold, or recommended for clients in the fund. A complete list of contributors/detractors for the period covered is available upon request.

Certain numbers in this website may not equal the stated totals due to rounding.

The Morningstar rating is sourced from Morningstar.

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