OEIC
US Smaller Companies Equity Fund
Seeks capital appreciation using both value and growth approaches.
ISIN GB00BD446P55
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 31-Oct-2019
NAV
(GBP)
£13.55
Data as of: 18-Nov-2019

1YR Return
18.61%
IA Sector ranking: 1/18
Data as of: 31-Oct-2019
Fund Size
(GBP)
£48.9m
Data as of: 31-Oct-2019
Perf Change
(Daily)
0.06%
Data as of: 18-Nov-2019
Since Inception
(Cumulative)
33.01%
IA Sector ranking: N/A
Data as of: 31-Oct-2019

This fund's strategy is also available as a SICAV
Overview
Strategy
Fund Summary
Delivering long-term capital appreciation through investment in a diversified portfolio of smaller US companies (within or below the range covered by the Russell 2500 index).
SMALL-CAP
MID-CAP
LARGE-CAP

173
Holdings

Style
Agnostic
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 28.81% 18.61% N/A N/A 33.01%
IA Sector Ranking 1/18 1/18 N/A N/A N/A
IA Sector 21.24% 9.34% N/A N/A 19.68%
Excess Return 7.57% 9.27% N/A N/A 13.32%
Indicative Benchmark 17.85% 7.21% N/A N/A 15.15%
Excess Return 10.96% 11.40% N/A N/A 17.86%

Data as of 31-Oct-2019

Holdings
Total
Holdings
173
Largest
CoStar Group
2.21%
Was ( 30-Jun-2019 )

2.17%
Top 10
17.08%
Contributor
CoStar Group
By 0.09%
% of fund
2.26%
Detractor
John Bean Technologies
By -0.08%
% of fund
0.98%
Purchase
Federal Realty Investment Trust (N)
0.49%
Was ( 30-Jun-2019 )
0.00%
Sale
Marvell Technology Group
1.37%
Was ( 30-Jun-2019 )
1.72%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Industrials & Business Services
20.16%
Was ( 30-Sep-2019 )
19.61%
Contributor
Information Technology
By 0.79%
Sector
0.04%
Selection
0.75%
Detractor
Real Estate
By -0.38%
Sector
-0.28%
Selection
-0.11%
Data as of 30-Sep-2019
Over
Industrials & Business Services
By 4.75%
Fund
20.16%
Benchmark*
15.41%
Under
Real Estate
By -3.67%
Fund
7.20%
Benchmark*
10.87%
Data as of 31-Oct-2019
Data as of 31-Oct-2019
Indicative Benchmark: Russell 2500 Index

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


Team
Curt Organt,
Portfolio Manager
Curt Organt is the associate portfolio manager of the Small-Cap Core Equity Strategy in the U.S. Equity Division of T. Rowe Price. He also is a research analyst, focusing in the small- and mid-cap space with a specialty in industrial stocks. He is a vice president and Investment Advisory Committee member of the Small-Cap Stock, Small-Cap Value, Global Industrials, and New America Growth Strategies.
Portfolio Manager since
2019
Years at T. Rowe Price
27
Years investment experience
23
Eric Papesh,
Portfolio Specialist
Eric Papesh is a portfolio specialist in the U.S. Equity Division of T. Rowe Price. He is based in London.
Years at T. Rowe Price
2
Years investment experience
22
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 0.95% 1.12%

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 American Smaller Companies sector. This sector represents the average performance of certain funds that invest at least 80% of their assets in North American shares of companies that form the bottom 20% by market capitalisation. It can therefore serve as a method of comparing the fund’s performance with otherfunds 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 © 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.

The Morningstar rating is sourced from Morningstar.

©2019 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.

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