Equity Index 500 Fund

Invests substantially all of its assets in all of the stocks in the S&P 500 Index. Attempts to maintain holdings of each stock in proportion to its weight in the index.

Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling. Actively managed funds may outperform this fund.

Morningstar (Category)

Morningstar
(Overall Rating)1

Large Blend
  (1,254 funds)

Data as of 08/31/2021

Data as of 08/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

2yrs
$34.9b

Data as of 08/31/2021

Data as of 08/31/2021

Price
(USD)

Daily Price Change

$118.02
$+0.18

Data as of 09/24/2021

Data as of 09/24/2021

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

Alexa Gagliardi, CFA
Alexa Gagliardi, CFA, Portfolio Manager

Alexa Gagliardi is the portfolio manager of the US Equity Index Strategies and a team leader in the Investment and Trading Solutions Group. She is the chairman of the Investment Advisory Committees of the US Equity Index Strategies and a member of the Investment Advisory Committee of the International Equity Index Strategy. Alexa also is a vice president of T. Rowe Price Associates, Inc.

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Strategy

Investment Objective

The fund seeks to track the performance of a benchmark index that measures the investment return of large-capitalization U.S. stocks.

Morningstar Equity Style

Large Blend

Data as of 08/31/2021

The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.

Morningstar Rating

Period Rating Funds In Category (Large Blend)
Overall 1,254
3 Years 1,254
5 Years 1,094
10 Years 811

The Morningstar Rating™ for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Average Annual Total Returns (Investor Class)

1 YR
40.57%
Benchmark
40.79%
Value
-0.22% -0.22%

Data as of 06/30/2021

3 YR
18.45%
Benchmark
18.67%
Value
-0.22% -0.21%

Data as of 06/30/2021

5 YR
17.41%
Benchmark
17.65%
Value
-0.24% -0.23%

Data as of 06/30/2021

10 YR
14.57%
Benchmark
14.84%
Value
-0.27% -0.27%

Data as of 06/30/2021

Benchmark: S&P 500 Index

Fund Inception: 03/30/1990

Expense Ratio

Gross
0.18%
Net
0.18%

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement.  If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above.  Expense ratios are as of the most recent prospectus.

Current Year Performance (Investor Class)

Daily YTD
19.73%
Benchmark
19.87%
Value
-0.14%

Data as of 09/24/2021

Monthly YTD
21.44%
Benchmark
21.58%
Value
-0.14%

Data as of 08/31/2021

One Month
3.03%
Benchmark
3.04%
Value
-0.01%

Data as of 08/31/2021

Three Months
7.91%
Benchmark
7.95%
Value
-0.04%

Data as of 08/31/2021

Benchmark: S&P 500 Index

Fund Inception: 03/30/1990

Asset Allocation

Net Assets
(USD)
$34.9b

Data as of 08/31/2021

Largest US Stock 99.36% $34.6b
Other View complete

Holdings

Total
Holdings
505

Data as of 06/30/2021

Largest Holding Apple 5.89% Was (03/31/2021) 5.72%
Other View complete Full Holdings
Top 10 Holdings 28.52% View the latest Top 10 Holdings
12-Month Portfolio Turnover 4.0% Data as of 08/31/2021

Purchase

NVIDIA
1.36%
Was 0.98%

Sale

JPMorgan Chase
1.28%
Was 1.38%

Data as of 06/30/2021

Sectors

Total
Sectors
11

Data as of 08/31/2021

Benchmark: S&P 500 Index

Largest Sector Information Technology 27.86% Was (07/31/2021) 27.67%
Other View complete

Under

Information Technology
By -0.14%
Fund 27.86%
Benchmark 28.00%

Data as of 08/31/2021

Team (As of )

Alexa Gagliardi, CFA

Alexa Gagliardi, CFA
Portfolio Manager

Alexa Gagliardi is the portfolio manager of the US Equity Index Strategies and a team leader in the Investment and Trading Solutions Group. She is the chairman of the Investment Advisory Committees of the US Equity Index Strategies and a member of the Investment Advisory Committee of the International Equity Index Strategy. Alexa also is a vice president of T. Rowe Price Associates, Inc.

  • Fund manager
    since 2019
  • Years at
    T. Rowe Price 7
  • Years investment
    experience 11

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

How to Invest

View platform information
Share Class Min Initial Investment (USD) Min Subsequent Investment (USD) 12b-1 Fee Expense Ratio
Gross Net Limitation Type Limitation Expiration Date
Investor Class
Cusip 779552108
$2,500 $100 0.00% 0.18% 0.18% N/A N/A
I Class
Cusip 779552405
$1,000,000* N/A 0.00% 0.06% 0.05% Contractual
04/30/2022

* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.

1

© 2021 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. Past performance is no guarantee of future results.

2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

The fund may become nondiversified, as defined under the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index.

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