Risk Considerations

  1. The Fund is actively managed and invests mainly in a widely diversified portfolio of shares from smaller capitalisation companies in the United States.
  2. Investment in the Fund involves risks, including general investment risk, equity market risk, risks associated with depositary receipts, geographic concentration risk and small and mid-capitalisation shares risk which may result in loss of a part or the entire amount of your investment.
  3. The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.
  4. The value of the Fund can be volatile and could go down substantially.
  5. Investors should not invest in the Fund solely based on this website.
SICAV
US Smaller Companies Equity Fund
Seeks capital appreciation using both value and growth approaches.
ISIN LU0133096635
FACTSHEET
KFS
YTD
Return
12.49%
Data as of: 30-Sep-2021
1YR Return
(Annualised)
36.19%
Data as of: 30-Sep-2021
3YR Return
(Annualised)
18.36%
Data as of: 30-Sep-2021
NAV
(USD)
$80.88
Data as of: 15-Oct-2021
NAV Change
(Daily)
1.33%
Data as of: 15-Oct-2021
Fund Size
(USD)
$3.5b
Data as of: 30-Sep-2021
Curt Organt,
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.

Overview
Strategy
Fund Summary
Seeks to deliver long-term capital appreciation through investment mainly in a diversified portfolio of smaller US companies (within or below the range covered by the Russell 2500 Index).

For updated information regarding a proposal to launch a new investment adviser, read the 9 August 2021 statement.
SMALL-CAP
MID-CAP
LARGE-CAP

185
Holdings

Style
Agnostic
Risk & Reward Data
Information Ratio
0.63
Sharpe Ratio
0.99
Historical Tracking Error
6.50%
Performance - Net of Fees
Current Year Performance
1 Month
-1.64%
Indicative Benchmark
-3.18%
Excess Return

1.54%
3 Months
0.63%
Indicative Benchmark
-2.76%
Excess Return

3.39%
6 Months
4.30%
Indicative Benchmark
2.45%
Excess Return

1.85%
YTD
12.49%
Indicative Benchmark
13.56%
Excess Return

-1.07%
Annualised Performance
1 YR
36.19%
Indicative Benchmark
44.56%
Excess Return

-8.37%
3 YR
18.36%
Indicative Benchmark
11.99%
Excess Return

6.37%
5 YR
17.85%
Indicative Benchmark
13.77%
Excess Return

4.08%
Inception
10.77%
Indicative Benchmark
N/A
Excess Return

N/A
Data as of 30-Sep-2021
Indicative Benchmark : Russell 2500 Net 30% Index
Share Class Inception Date: 31-Jul-2001
Holdings
Total
Holdings
185
Largest
Avery Dennison
1.60%
Was ( 30-Jun-2021 )

1.58%
Top 10
13.00%
Largest Contributor
Western Alliance Bancorp
By 0.00%
% of fund
1.29%
Largest Detractor
PTC
By -0.12%
% of fund
0.89%
Largest Purchase
Ardagh Metal Packaging (N)
0.39%
Was ( 30-Jun-2021 )
0.00%
Largest Sale
Sanderson Farms
0.54%
Was ( 30-Jun-2021 )
1.34%
Data as of 30-Sep-2021
Sectors
Total
Sectors
11
Largest
Industrials & Business Services
21.96%
Was ( 31-Aug-2021 )
22.33%
Largest Contributor
Information Technology
By 1.39%
Sector Weight
-0.01%
Stock Selection
1.40%
Largest Detractor
Financials
By -0.19%
Sector Weight
-0.09%
Stock Selection
-0.10%
Data as of 30-Sep-2021
Overweight
Industrials & Business Services
By 6.35%
Fund
21.96%
Indicative Benchmark
15.61%
Underweight
Consumer Discretionary
By -4.77%
Fund
7.47%
Indicative Benchmark
12.24%
Data as of 30-Sep-2021
Data as of 30-Sep-2021
Indicative Benchmark: Russell 2500 Index

Team
Curt Organt,
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.
Portfolio Manager since
2019
Years at T. Rowe Price
25
Years investment experience
29
Eric Papesh,
Portfolio Specialist
Eric Papesh is a portfolio specialist in the U.S. Equity Division of T. Rowe Price.
Years at T. Rowe Price
5
Years investment experience
25
How to Invest
Fees Minimum Initial Investment and Holding Amount (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 30-Sep-2021 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 30-Sep-2021.

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 30-Sep-2021.

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.

©2021 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.