Financial Services Fund

Invests at least 80% in the common stocks of financial services companies. The fund may also invest in companies deriving substantial revenues from conducting business with the industry.

The fund is less diversified than stock funds investing in a broader range of industries, so it could experience significant volatility. However, dividends paid by financial services firms may moderate this risk. Financial services companies may be hurt when interest rates rise sharply and may be vulnerable to rapidly rising inflation.

Morningstar (Category)

Morningstar
(Overall Rating)1

Financial
  (97 funds)

Data as of 12/31/2021

Data as of 12/31/2021

Fund Manager Tenure2

Net Assets3
(USD)

<1yr
$2.0b

Data as of 12/31/2021

Data as of 12/31/2021

Price
(USD)

Daily Price Change

$36.11
$-0.73

Data as of 01/21/2022

Data as of 01/21/2022

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™.

Matt J. Snowling, CFA
Matt J. Snowling, CFA, Portfolio Manager

Matt Snowling is the portfolio manager for the Financial Services Equity Strategy in the U.S. Equity Division. He is a vice president and Investment Advisory Committee member of the US Structured Research Equity, US Large-Cap Equity Income, and Financial Services Equity Strategies. In addition, he is on the Advisory Committee of the Tax-Efficient Equity Strategy. Matt is a vice president of T. Rowe Price Group, Inc.

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Strategy

Investment Objective

The fund seeks long-term growth of capital and a modest level of income.

US Mutual Fund vendor indices disclaimers

Sectors

Total
Sectors
5

Data as of 12/31/2021

Benchmark: Russell 3000 Financial Index

Largest Sector Banks 35.84% Was (11/30/2021) 36.76%
Other View complete

Over

Finance
By 2.69%
Fund 11.02%
Benchmark 8.33%

Under

Capital Markets
By -2.60%
Fund 20.48%
Benchmark 23.09%

Data as of 12/31/2021

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

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1

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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.

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