OEIC
US Large Cap Growth Equity Fund
Seeking to identify investments with the potential to deliver double-digit earnings growth.
ISIN GB00BD5FHW12
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2019
NAV
(GBP)
£11.68
Data as of: 15-Oct-2019

1YR Return
6.6%
IA Sector ranking: 42/150
Data as of: 30-Sep-2019
Fund Size
(GBP)
£24.6m
Data as of: 30-Sep-2019
Perf Change
(Daily)
-0.01%
Data as of: 15-Oct-2019
Since Inception
(Cumulative)
18.84%
IA Sector ranking: N/A
Data as of: 30-Sep-2019

Overview
Strategy
Fund Summary
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

63
Holdings

Style
Growth
Risk & Reward Data

Risk return statistics are not available until 3 years of data is available.
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 20.78% 6.60% N/A N/A 18.84%
IA Sector Ranking 66/151 42/150 N/A N/A N/A
IA Sector 23.48% 7.58% N/A N/A 17.38%
Excess Return -2.70% -0.98% N/A N/A 1.46%
Indicative Benchmark 27.24% 9.53% N/A N/A 23.45%
Excess Return -6.46% -2.93% N/A N/A -4.61%

Data as of 30-Sep-2019

Holdings
Total
Holdings
63
Largest
Amazon.com
8.33%
Was ( 30-Jun-2019 )

8.64%
Top 10
50.73%
Contributor
Alphabet
By 0.86%
% of fund
8.54%
Detractor
Amazon.com
By -2.05%
% of fund
8.27%
Purchase
NextEra Energy (N)
1.44%
Was ( 30-Jun-2019 )
0.00%
Sale
Red Hat (E)
0.00%
Was ( 30-Jun-2019 )
1.21%
Data as of 30-Sep-2019
Sectors
Total
Sectors
9
Largest
Information Technology
31.38%
Was ( 31-Aug-2019 )
31.02%
Contributor
Utilities
By 0.13%
Sector
0.13%
Selection
0.00%
Detractor
Information Technology
By -1.14%
Sector
-0.08%
Selection
-1.06%
Data as of 30-Sep-2019
Over
Communication Services
By 7.94%
Fund
19.35%
Benchmark*
11.41%
Under
Information Technology
By -6.20%
Fund
31.38%
Benchmark*
37.58%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: Russell 1000 Growth Index

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


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
2018
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.
Portfolio Specialist since
2018
Years at T. Rowe Price
1
Years investment experience
25
How to Invest
Fees Minimum Initial Investment and Holding Amount Minimum Subsequent Investment Sales Charge (up to) Management Charge Ongoing Charge1
Class C GBP10,000 GBP500 N/A Up to 0.65% 0.82%

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, 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. 

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.

IA Sector: Many UK funds are grouped into sectors by the Investment Association (the “IA”) (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics. Investors may compare the fund against the performance of the North America sector. This sector represents the average performance of certain funds that invest at least 80% of their assets in North American shares. It can therefore serve as a method of comparing the fund’s performance with other funds that have broadly similar characteristics. The fund is not constrained to or managed in line with this sector. Source for IA Sector Data: © Morningstar. All Rights Reserved.

Daily performance data is based on the latest available NAV.  

The Funds are sub-funds of the T. Rowe Price Funds OEIC, an investment company with variable capital incorporated in England and Wales which is registered with the UK Financial Conduct Authority 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.

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

The specific securities identified and described in this report do not represent all of the securities purchased, sold, or recommended for the OEIC 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 Management Charge and is charged per annum.