SICAV
Science and Technology Equity Fund
The fund seeks to invest in a diversified portfolio of companies expected to benefit from the development, advancement and use of science and/or technology.
ISIN LU1820537915
View more information on risks
FACTSHEET
KIID
Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2019
NAV
(USD)
$11.35
Data as of: 17-Oct-2019

1YR Return
9.67%
IA Sector ranking: N/A
Data as of: 30-Sep-2019
Fund Size
(USD)
$7.7m
Data as of: 30-Sep-2019
Perf Change
(Daily)
0.80%
Data as of: 17-Oct-2019
Since Inception
(Cumulative)
10%
IA Sector ranking: N/A
Data as of: 30-Sep-2019

Overview
Strategy
Fund Summary
Seeks to own innovative companies whose stocks are underappreciated and undervalued, with an emphasis on competitively advantaged businesses with durable cash flow generation.
SMALL-CAP
MID-CAP
LARGE-CAP

34
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 27.91% 9.67% N/A N/A 10.00%
IA Sector Ranking N/A N/A N/A N/A N/A
IA Sector N/A N/A N/A N/A N/A
Excess Return N/A N/A N/A N/A N/A
Indicative Benchmark 28.27% 6.32% N/A N/A 9.13%
Excess Return -0.36% 3.35% N/A N/A 0.87%

Data as of 30-Sep-2019

Holdings
Total
Holdings
34
Largest
Alphabet Class C
9.92%
Was ( 30-Jun-2019 )

8.72%
Top 10
56.46%
Contributor
Alphabet
By 5.69%
% of fund
9.78%
Detractor
Facebook
By -3.07%
% of fund
8.18%
Purchase
Salesforce.com
5.06%
Was ( 30-Jun-2019 )
0.40%
Sale
Altaba (E)
0.00%
Was ( 30-Jun-2019 )
3.80%
Data as of 30-Sep-2019
Industry
Total
Industries
18
Largest
Internet Media/Advertising
21.05%
Was ( 30-Jun-2019 )
21.61%
Over
Internet Media/Advertising
By 21.04%
Fund
21.05%
Benchmark*
0.01%
Under
IT Services
By -15.93%
Fund
0.00%
Benchmark*
15.93%
Data as of 31-Jul-2019
Data as of 31-Jul-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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

Regions
Total
Regions
4
Largest
North America
61.99%
Was ( 31-Aug-2019 )
65.00%
Over
Pacific Ex Japan
By 11.27%
Fund
22.06%
Benchmark**
10.78%
Under
North America
By -14.75%
Fund
61.99%
Benchmark**
76.73%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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

Countries
Total
Countries
7
Largest
United States
61.99%
Was ( 31-Aug-2019 )
65.00%
Over
China
By 11.95%
Fund
12.76%
Benchmark*
0.81%
Under
United States
By -13.64%
Fund
61.99%
Benchmark*
75.63%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: MSCI All Country World Index Information Technology

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


Team
Ken Allen,
Portfolio Manager
Ken Allen is a portfolio manager and investment analyst in the U.S. Equity Division at T. Rowe Price. He is president of the Investment Advisory Committee of the Science & Technology Fund and covers software within the information technology industry. Mr. Allen is a member of the Investment Advisory Committees for many of the firm's strategies with information technology investments. He also has portfolio management responsibilities in the firm's US Structured Research Equity Strategy.
Portfolio Manager since
2018
Years at T. Rowe Price
18
Years investment experience
18
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.
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) Investment Management Fee Ongoing
Charges1
Class A $15,000 $100 5.00% 175 basis points 1.92%
Class Q $15,000 $100 N/A 85 basis points 1.02%
Class I $2,500,000 $100,000 N/A 85 basis points 0.95%

Indicative Benchmark Data Source: MSCI. MSCI and its affiliates and third party sources and providers (collectively, “MSCI”) makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI. Historical MSCI data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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 (up to a maximum of 5% for the A Class), 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.

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 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.

Daily performance data is based on the latest available NAV.  

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

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.

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. Analysis by T. Rowe Price Associates, Inc. T. Rowe Price uses a custom structure for sector and industry reporting for this product.

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 Investment Management Fee and is charged per annum.