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April 2022 / INVESTMENT INSIGHTS

Assessment of Value Report for our OEIC Fund Range

This is our third annual Assessment of Value Report, following the implementation of this regulation by the Financial Conduct Authority (FCA), the UK regulator, in 2019.

The aim of the Assessment of Value is to strengthen the rules related to duty of care and the need for authorised fund managers (AFM) to act in investors’ best interests. Specifically, AFMs in the UK must perform a detailed assessment of whether their funds are providing value to investors and then publish, on an annual basis, a statement, or ‘Assessment of Value’, summarising the outcome of this process.

The overall aim of the regulation is to make fund managers accountable for the services they provide to their investors and we believe that this is very much aligned with the fundamental values of T. Rowe Price.

We assessed if our OEIC funds provided value to investors using the seven criteria identified by the FCA: 

  • Quality of Service
  • Performance
  • AFM Costs - General
  • Economies of Scale
  • Comparable Market Rates
  • Comparable Services
  • Classes of Units


This report provides details of our key findings, along with proposed actions of the board around potential remedies where needed.

 

Download the full report

IMPORTANT INFORMATION

This material is being furnished for general informational and/or marketing purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. 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. Past performance is not a reliable indicator of future performance. 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.

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