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Assessment of Value Report for our OEIC Fund Range

This is our third annual Assessment of Value Report, following the implementation of this regulation by the Financial Conduct Authority (FCA), the UK regulator, in 2019.

The aim of the Assessment of Value is to strengthen the rules related to duty of care and the need for authorised fund managers (AFM) to act in investors’ best interests. Specifically, AFMs in the UK must perform a detailed assessment of whether their funds are providing value to investors and then publish, on an annual basis, a statement, or ‘Assessment of Value’, summarising the outcome of this process.

The overall aim of the regulation is to make fund managers accountable for the services they provide to their investors and we believe that this is very much aligned with the fundamental values of T. Rowe Price.

We assessed if our OEIC funds provided value to investors using the seven criteria identified by the FCA:

  • Quality of Service
  • Performance
  • AFM Costs - General
  • Economies of Scale
  • Comparable Market Rates
  • Comparable Services
  • Classes of Units

This report provides details of our key findings, along with proposed actions of the board around potential remedies where needed.



Download the full report