OEIC
US Large Cap Value Equity Fund
Invest in large US companies with hidden value and potential overlooked by the market majority.
ISIN GB00BD446M25
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Aug-2020
NAV
(GBP)
£10.49
Data as of: 21-Sep-2020

1YR Return
-8.62%
IA Sector ranking: 133/144
Data as of: 31-Aug-2020
Fund Size
(GBP)
£4.2m
Data as of: 31-Aug-2020
Perf Change
(Daily)
-1.64%
Data as of: 21-Sep-2020
3YR Return
(Cumulative)
8.74%
IA Sector ranking: 125/136
Data as of: 31-Aug-2020

This fund's strategy is also available as a SICAV
Overview
Strategy
Fund Summary
Through research uncover companies with prospects for upward revaluation as a result of improving financials or raised investor perception.
SMALL-CAP
MID-CAP
LARGE-CAP

87
Holdings

Style
Value
Risk & Reward Data

N/A
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund -9.76% -8.62% 8.74% N/A 5.18%
IA Sector Ranking 135/145 133/144 125/136 N/A N/A
IA Sector 8.28% 9.22% 38.87% N/A 38.11%
Excess Return -18.04% -17.84% -30.13% N/A -32.93%
Indicative Benchmark -10.56% -8.65% 8.54% N/A 3.54%
Excess Return 0.80% 0.03% 0.20% N/A 1.64%

Data as of 31-Aug-2020

Holdings
Total
Holdings
87
Largest
Morgan Stanley
3.17%
Was ( 31-Mar-2020 )

2.49%
Top 10
26.01%
Contributor
Morgan Stanley
By 0.35%
% of fund
3.19%
Detractor
Southern Company
By -0.66%
% of fund
3.06%
Purchase
DuPont de Nemours
1.87%
Was ( 31-Mar-2020 )
1.13%
Sale
JPMorgan Chase
1.86%
Was ( 31-Mar-2020 )
2.63%
Data as of 30-Jun-2020
Sectors
Total
Sectors
11
Largest
Financials
19.93%
Was ( 31-Jul-2020 )
20.04%
Contributor
Financials
By 1.45%
Sector
-0.02%
Selection
1.47%
Detractor
Energy
By -1.11%
Sector
0.35%
Selection
-1.47%
Data as of 30-Jun-2020
Over
Energy
By 2.60%
Fund
7.16%
Benchmark*
4.56%
Under
Consumer Discretionary
By -4.85%
Fund
2.62%
Benchmark*
7.47%
Data as of 31-Aug-2020
Data as of 31-Aug-2020
Indicative Benchmark: Russell 1000 Value Index

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


Team
Heather McPherson,
Portfolio Manager
Heather McPherson is co-portfolio manager for the Institutional U.S. Large-Cap Value Equity Strategy in the U.S. Equity Division. She is also an investment analyst covering papers and forest products.
Portfolio Manager since
2015
Years at
T. Rowe Price
17
Years investment experience
19
John Linehan,
Portfolio Manager
John D. Linehan is the portfolio manager for the U.S. Large Cap Equity Income Strategy and co-portfolio manager for the US Large-Cap Value Equity Strategy in the U.S. Equity Division.
Portfolio Manager since
2001
Years at
T. Rowe Price
22
Years investment experience
31
Mark S. Finn,
Portfolio Manager
Mark Finn is the lead portfolio manager of the US Value Equity Strategy and is also a co-portfolio manager of the US Large-Cap Value Equity Strategy.
Portfolio Manager since
2010
Years at
T. Rowe Price
30
Years investment experience
22
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 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.

Daily performance data is based on the latest available NAV. Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.

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.

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 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.

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.

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

This material being furnished is for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. 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.

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources’ accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request. It is not intended for distribution to retail investors in any jurisdiction.

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 © 2020 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.

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc, ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P") and is licensed for use by [Licensee]. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or impIied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any or such standard or classification, Without limiting any or the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

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.

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