SICAV
US Blue Chip Equity Fund
Seeking superior returns from high quality US companies.
ISIN LU1028172069
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FACTSHEET
KIID
FUND PROFILE
COMMENTARY

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Risk & Reward ?
(SRRI)
1 2 3 4 5 6 7 Data as of: 30-Sep-2019
NAV
(GBP)
£26.78
Data as of: 17-Oct-2019

1YR Return
7.55%
IA Sector ranking: 78/150
Data as of: 30-Sep-2019
Fund Size
(USD)
$843.6m
Data as of: 30-Sep-2019
Perf Change
(Daily)
1.09%
Data as of: 17-Oct-2019
3YR Return
(Cumulative)
73.82%
IA Sector ranking: 5/135
Data as of: 30-Sep-2019

Overview
Strategy
Fund Summary
Long-term capital growth through investment in a diverse portfolio of large- and medium-sized US ‘Blue Chip’ companies.
Investment Association Sector:
North America
SMALL-CAP
MID-CAP
LARGE-CAP

128
Holdings

Style
Growth
Risk & Reward Data
Information Ratio
0.52
Sharpe Ratio
0.97
Historical Tracking Error
7.73%
Performance
YTD 1 year 3 year

Cumulative

5 year

Cumulative

Since Inception

Cumulative

Fund 23.08% 7.55% 73.82% 152.87% 173.60%
IA Sector Ranking 80/151 78/150 5/135 6/122 N/A
IA Sector 23.05% 7.40% 47.18% 98.69% 119.93%
Excess Return 0.03% 0.15% 26.64% 54.18% 53.67%
Indicative Benchmark 24.03% 9.65% 50.94% 113.36% 141.71%
Excess Return -0.95% -2.10% 22.88% 39.51% 31.89%

Data as of 30-Sep-2019

Holdings
Total
Holdings
128
Largest
Amazon.com
8.94%
Was ( 30-Jun-2019 )

9.84%
Top 10
45.07%
Contributor
Microsoft
By 0.59%
% of fund
6.23%
Detractor
Amazon.com
By -3.53%
% of fund
9.09%
Purchase
Fidelity National Information Services
1.85%
Was ( 30-Jun-2019 )
0.95%
Sale
Northrop Grumman (E)
0.00%
Was ( 30-Jun-2019 )
0.95%
Data as of 30-Sep-2019
Sectors
Total
Sectors
11
Largest
Information Technology
31.17%
Was ( 31-Aug-2019 )
30.94%
Contributor
Energy
By 0.28%
Sector
0.37%
Selection
-0.09%
Detractor
Consumer Discretionary
By -0.90%
Sector
-0.14%
Selection
-0.76%
Data as of 30-Sep-2019
Over
Consumer Discretionary
By 11.28%
Fund
21.39%
Benchmark*
10.11%
Under
Consumer Staples
By -7.63%
Fund
0.05%
Benchmark*
7.68%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Indicative Benchmark: S&P 500 Index

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


Team
Larry J. Puglia,
Portfolio Manager
Larry J. Puglia is a portfolio manager in the U.S. Equity Division and is lead manager for the firm's US Large-Cap Core Growth Equity Strategy. He has been managing U.S. Large-Cap Core Growth Portfolios since 1993 and has had lead responsibility for all institutional accounts and other investment products within the strategy since 1997.
Portfolio Manager since
2001
Years at
T. Rowe Price
27
Years investment experience
28
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
? UK Tax Reporting Status

Indicative Benchmark Data Source: Standard & Poor's. Copyright © 2018, S&P Global Market Intelligence (and its affiliates, as applicable). Reproduction of S&P 500 Index in any form is prohibited except with the prior written permission of S&P Global Market Intelligence (“S&P”). None of S&P, its affiliates or their suppliers guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. In no event shall S&P, its affiliates or any of their suppliers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of S&P information.

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.

Daily performance data is based on the latest available NAV.  

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.

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

Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class.  The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.

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. 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 Investment Management Fee 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.