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Financial Intermediaries / Mutual Funds / QM U.S. Small-Cap Growth Equity Fund (PRDSX)
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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
Factsheet
Prospectus
More Literature

Morningstar (Category)

Morningstar
(Overall Rating)1

Small Growth
  (577 funds)

Data as of 08/31/2020

Data as of 08/31/2020

Fund Manager Tenure2

Net Assets3
(USD)

14yrs
$8.7b

Data as of 08/31/2020

Data as of 08/31/2020

Price
(USD)

Daily Price Change

$40.16
$+0.10

Data as of 09/30/2020

Data as of 09/30/2020

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™.

References

Sudhir Nanda, CFA, Ph.D.
Sudhir Nanda, CFA, Ph.D., Portfolio Manager

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

View more

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™.

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 08/31/2020

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 577
3 Years 577
5 Years 512
10 Years 382

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
1.52%
Benchmark
4.77%
Value
-3.25% -8.74%

Data as of 06/30/2020

3 YR
8.81%
Benchmark
8.86%
Value
-0.05% -0.52%
5 YR
8.24%
Benchmark
7.43%
Value
0.81% 0.29%
10 YR
14.73%
Benchmark
13.65%
Value
1.08% 0.74%

Expense Ratio

Gross
0.79%
Net
0.79%

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
1.16%
Benchmark
6.33%
Value
-5.17%

Data as of 09/30/2020

Monthly YTD
3.30%
Benchmark
9.11%
Value
-5.81%

Data as of 08/31/2020

One Month
3.64%
Benchmark
4.93%
Value
-1.29%
Three Months
9.48%
Benchmark
15.64%
Value
-6.16%

Benchmark: MSCI US Small Cap Growth Index

Fund Inception: 06/30/1997

Asset Allocation

Net Assets
(USD)
$8.7b
Largest US Stock 98.63% $8.5b
Other View complete Asset Allocation

Data as of 08/31/2020

Holdings

Total
Holdings
291
Largest Holding Horizon therapeutics 1.13% Was (03/31/2020) 0.61%
Other View complete Full Holdings
Top 10 Holdings 9.14% View the latest Top 10 Holdings
12-Month Portfolio Turnover 30.5% Data as of 08/31/2020

Data as of 06/30/2020

Largest Contributor

Horizon therapeutics
1.13%

Largest Detractor

Aerojet Rocketdyne Holdings
0.65%

Data as of 06/30/2020

Purchase

Five9 (N)
0.59%
Was 0.00%

Sale

Masimo
0.54%
Was 1.10%

Data as of 06/30/2020

Sectors

Total
Sectors
11
Largest Sector Health Care 26.43% Was (07/31/2020) 27.85%
Other View complete Sector Diversification

Data as of 08/31/2020

Benchmark: MSCI US Small Cap Growth Index

Contributor

Energy
By 0.92%
Sector 0.69%
Selection 0.23%

Detractor

Consumer Discretionary
By -2.50%
Sector -0.14%
Selection -2.37%

Data as of 06/30/2020

Over

Industrials & Business Services
By 0.47%
Fund 17.16%
Benchmark 16.69%

Under

Financials
By -0.54%
Fund 4.84%
Benchmark 5.38%

Data as of 08/31/2020

Team (As of )

Sudhir Nanda, CFA, Ph.D.

Sudhir Nanda, CFA, Ph.D.
Portfolio Manager

Sudhir Nanda is a portfolio manager and the head of the Quantitative Equity Group in the U.S. Equity Division. Sudhir is president of the Investment Advisory Committees of the QM US Small-Cap Growth Equity, QM US Value Equity, QM US Small & Mid-Cap Core Equity, and QM Global Equity Strategies. He also is a vice president and member of the Investment Advisory Committees for U.S. Structured Active Mid-Cap Growth Equity. and Global Value Equity Strategies. In addition, he is a member of the U.S. Equity Steering Committee. Sudhir also 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% 0.79% 0.79% N/A N/A
I Class
Cusip 87283A102		 $1,000,000* N/A 0.00% 0.65% 0.65% N/A
 N/A
Advisor Class
Cusip 87283A201		 $2,500 $100 0.25% 1.11% 1.11% 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

© 2020 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.

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