T. Rowe Price - Home
Choose your site Enterprise Financial Intermediary Institutional Investors/Consultants
Your location and language
English
Search
Choose your site Enterprise Financial Intermediary Institutional Investors/Consultants
Your location and language
English
Your location and language
English
View Supported Browsers
Financial Intermediary / All Funds / US Structured Research Equity Fund
Fund Range Documents

Capital at risk. Past performance is not a guarantee or a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

The listed funds are not an exhaustive list of funds available. Visit www.funds.troweprice.com to see the full range of funds offered by T. Rowe Price, including those that consider environmental and social characteristics as part of their investment process.  For up to date information regarding any T. Rowe Price fund's investment strategy, please see the relevant fund KID and prospectus. 

SICAV
US Structured Research Equity Fund
An actively managed, analyst-driven portfolio of 200-275 stocks reflecting the team’s view of the most attractive risk-adjusted opportunities across the US equity market. The fund is designed to isolate our stock selection skill by maintaining risk factor exposures and portfolio characteristics similar to those of the S&P 500 Index Net 30% Withholding Tax. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR).
ISIN LU2648078835
View more information on risks
FACTSHEET
KID
SFDR DISCLOSURE
28-Feb-2026 - Ann Holcomb Co-Portfolio Manager,
We believe we can help cushion against market uncertainty. The diversifying effect of our contributing analysts, and the application of rules-based construction principles, means the portfolio is broadly sector- industry, and style-neutral. By tightly controlling risk relative to the benchmark and isolating stock selection skill, we think we can potentially outperform in all market environments.

Overview
Strategy
Fund Summary
The fund is managed to combine fundamental research insights with a highly structured portfolio construction process. Participating analysts make buy and sell decisions for their individual portions of the portfolio, subject to the oversight and discretion of the portfolio managers. The fund is designed to add value from our analysts’ stock-specific insights, and our approach to portfolio construction minimises style, sector, and industry exposures versus its benchmark. The promotion of environmental and/or social characteristics is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments, as defined by the SFDR. Additionally, we apply a proprietary responsible screen (exclusion list). The manager is constrained by the benchmark due to its use in portfolio construction - please see the prospectus for further information. The benchmark can also be used for performance comparison purposes.
Performance - Net of Fees

Past performance is not a guarantee or a reliable indicator of future results.
28-Feb-2026 - Ann Holcomb Co-Portfolio Manager,
US stock indexes were mixed in February as investors navigated a crosscurrent of resilient economic data, evolving policy risks, and shifting expectations around artificial intelligence (AI). Within the portfolio, stock selection in consumer discretionary detracted from relative performance. An overweight position in an e-commerce company hurt relative results. Although the company’s latest quarterly revenue beat consensus expectations, shares were pressured by investor concerns about a higher-than-expected increase in capital expenditure in 2026. We like that the company holds leading positions in global e-commerce and public cloud, delivering accelerating revenue growth, expanding margins, and rising free cash flow. Additionally, we believe the company is demonstrating that its model of being the marketplace for large language models is starting to come through. Alternatively, security choices in industrials and business services contributed to relative returns. A non-index position in a data centre equipment company added value. Shares advanced after the company reported better-than-expected fourth-quarter results, including strong organic order growth that led to a record backlog, and issued impressive 2026 revenue and earnings guidance. We like that the company offers the potential for option-like outcomes tied to AI-driven investment, and we think the company could benefit from opportunities in emergent liquid cooling.
31-Oct-2023 - Curt Organt Co-Portfolio Manager,
Industrials and business services, information technology, health care, and financials remain the dominating sectors in the portfolio, all with greater than 10% of the equity allocation. During the month, we found opportunities across the various sectors, including industrials and business services. We have exposure to cyclical holdings to take advantage of economic recovery, but we also hold positions in more stalwart areas that allow steady and measured returns to provide a more balanced risk exposure.

Past performance is not a guarantee or a reliable indicator of future results

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 and/or key information document (KID) 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. They can also be found along with a summary of investor rights in English at www.troweprice.com. The Management Company reserves the right to terminate marketing arrangements.

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.

Before deciding to invest in the fund, you should read the offering document/prospectus (including its investment objectives, policies and any risk warnings) which are available and may be obtained from any appointed distributors.

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.

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.  

Benchmark: Investors may use the benchmark to compare the fund’s performance. The benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark and has complete freedom to invest in securities that do not form part of the benchmark.

Disclosure on Vendor Indices can be found here.

2023-12-3290765