QM U.S. Small-Cap Growth Equity FundN-restricted, †

Restricted

Invests primarily in small-cap growth companies. The portfolio will be broadly diversified, and the top 25 holdings will not constitute a large portion of assets.

The fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings. Small companies tend to be riskier than large companies.

PRDSXCUSIP 779917103
Fund Story Prospectus

Morningstar (Category)

Morningstar
(Overall Rating)1

Small Growth
  (568 funds)

Data as of 01/31/2020

Data as of 01/31/2020

Fund Manager Tenure2

Net Assets3
(USD)

13yrs
$8.6b

Data as of 01/31/2020

Data as of 01/31/2020

Price
(USD)

Daily Price Change

$41.29
$-0.12

Data as of 02/18/2020

Data as of 02/18/2020

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™.

Sudhir Nanda
Sudhir Nanda, Portfolio Manager

Sudhir Nanda is a portfolio manager and the head of the Quantitative Equity Group for T. Rowe Price. He is president of the Investment Advisory Committees of the QM US Small-Cap Growth Equity, QM US Value Equity, QM US Small- and Mid-Cap Core Equity, and QM Global Equity Strategies. He is a vice president and member of the Investment Advisory Committees for the Capital Appreciation, Diversified Mid-Cap Growth, and Institutional Global Value Equity Strategies. In addition, he is a member of the U.S. Equity Steering Committee. Mr. Nanda is a vice president of T. Rowe Price Group, Inc.

View more

Strategy

Investment Objective

The fund seeks long-term growth of capital by investing primarily in common stocks of small growth companies.

Morningstar Equity Style

Mid Growth

Data as of 01/31/2020

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 (Small Growth)
Overall 568
3 Years 568
5 Years 503
10 Years 380

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
32.76%
Benchmark
29.50%
Value
3.26% 4.84%

Data as of 12/31/2019

3 YR
14.72%
Benchmark
12.68%
Value
2.04% 1.82%
5 YR
11.46%
Benchmark
9.49%
Value
1.97% 1.57%
10 YR
15.26%
Benchmark
13.67%
Value
1.59% 1.74%

Expense Ratio

Gross
0.80%
Net
0.80%

Benchmark: MSCI US Small Cap Growth Index

Fund Inception: 06/30/1997

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.

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
4.01%
Benchmark
3.94%
Value
0.07%

Data as of 02/18/2020

Monthly YTD
-0.91%
Benchmark
-1.36%
Value
0.45%

Data as of 01/31/2020

One Month
-0.91%
Benchmark
-1.36%
Value
0.45%
Three Months
6.11%
Benchmark
6.84%
Value
-0.73%

Benchmark: MSCI US Small Cap Growth Index

Fund Inception: 06/30/1997

Asset Allocation

Net Assets
(USD)
$8.6b
Largest US Stock 98.03% $8.4b
Other View complete Asset Allocation

Data as of 01/31/2020

Holdings

Total
Holdings
280
Largest Holding Cable One 1.12% Was (09/30/2019) 1.02%
Other View complete Full Holdings
Top 10 Holdings 8.77% View the latest Top 10 Holdings
12-Month Portfolio Turnover 21.2% Data as of 01/31/2020

Data as of 12/31/2019

Largest Contributor

Cable One
1.12%

Largest Detractor

Aerojet Rocketdyne Holdings
0.71%

Data as of 12/31/2019

Purchase

EMCOR Group (N)
0.45%
Was 0.00%

Sale

Bright Horizons Family Solutions
0.66%
Was 1.01%

Data as of 12/31/2019

Sectors

Total
Sectors
11
Largest Sector Health Care 23.75% Was (12/31/2019) 23.79%
Other View complete Sector Diversification

Data as of 01/31/2020

Benchmark: MSCI US Small Cap Growth Index

Contributor

Information Technology
By 0.22%
Sector -0.00%
Selection 0.22%

Detractor

Health Care
By -1.24%
Sector -0.01%
Selection -1.23%

Data as of 12/31/2019

Over

Consumer Discretionary
By 0.46%
Fund 13.63%
Benchmark 13.17%

Under

Industrials & Business Services
By -0.55%
Fund 18.08%
Benchmark 18.62%

Data as of 01/31/2020

Team (As of )

Sudhir Nanda

Sudhir Nanda
Portfolio Manager

Sudhir Nanda is a portfolio manager and the head of the Quantitative Equity Group for T. Rowe Price. He is president of the Investment Advisory Committees of the QM US Small-Cap Growth Equity, QM US Value Equity, QM US Small- and Mid-Cap Core Equity, and QM Global Equity Strategies. He is a vice president and member of the Investment Advisory Committees for the Capital Appreciation, Diversified Mid-Cap Growth, and Institutional Global Value Equity Strategies. In addition, he is a member of the U.S. Equity Steering Committee. Mr. Nanda is a vice president of T. Rowe Price Group, Inc.

  • Fund manager
    since 2006
  • Years at
    T. Rowe Price 19
  • Years investment
    experience 20
Brian Dausch

Brian Dausch
Portfolio Specialist

Brian Dausch is a portfolio specialist in the U.S. Equity Division of T. Rowe Price. He is a member of the Global Natural Resources Equity, US Mid-Cap Growth Equity, US Small-Cap Growth Equity, QM US Small-Cap Growth Equity, and Health Sciences Strategy teams, working closely with institutional clients, consultants, and prospects. Mr. Dausch is a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 21
  • Years investment
    experience 22

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 779917103
$2,500 $100 0.00% 0.80% 0.80% N/A N/A
I Class
Cusip 87283A102
$1,000,000* N/A 0.00% 0.66% 0.66% N/A
N/A
Advisor Class
Cusip 87283A201
$2,500 $100 0.25% 1.07% 1.07% N/A
N/A

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

1

© 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. 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.

N-restricted

Certain limited exceptions may apply to these scenarios. The funds reserve the right, when in the judgment of T. Rowe Price, it is not adverse to a fund's interest, to permit certain types of investors to open new accounts in a fund, to impose further restrictions, or to close a fund to any additional investments, all without notice.

MSCI index returns are shown with gross dividends reinvested.

Dismiss
Tap to dismiss

Manage Subscriptions

Unsubscribe All
OK

Manage your watched Funds and Insights subscriptions here.

OK

Change Details

Congratulations! You are now registered.

Begin watching and receiving email updates for:

Ok

Sign in to manage your subscriptions and watch list.

Register

Download

Latest Date Range
Download Cancel

This content is restricted for Institutional Investors use only. We were not able to validate your status as an Institutional Investor with the information you provided at registration.

Please contact the T. Rowe Price Team with questions or to revise your status.

1-800-564-6958

You will need to accept the Terms & Conditions again.

Ok

You have updated your email address.

An activation email has been sent to your new email address from T. Rowe Price.

Please click on the activation link in order to receive email updates.

Ok

You have an existing account

Click OK to view your subscriptions and watch list.

OK

Confirm Cancel