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GIPS® Information

T. Rowe Price ("TRP") claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. T. Rowe Price has been independently verified for the twenty four-year period ended June 30, 2020, by KPMG LLP. The verification report is available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report.

TRP is a U.S. investment management firm with various investment advisers registered with the U.S. Securities and Exchange Commission, the U.K. Financial Conduct Authority, and other regulatory bodies in various countries and holds itself out as such to potential clients for GIPS purposes. TRP further defines itself under GIPS as a discretionary investment manager providing services primarily to institutional clients with regard to various mandates, which include U.S, international, and global strategies but excluding the services of the Private Asset Management group.

A complete list and description of all of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request

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Past performance is not a reliable indicator of future performance.

Strategy

US Large-Cap Growth Equity

The US Large-Cap Growth Equity Composite seeks long-term capital appreciation by investing primarily in common stocks of large-cap growth companies based in the U.S.

3YR Return Annualised (Net)
(View Total Returns)

Tracking Error
(5 Years)

21.68%
3.77%

1YR Return (Net)
(View Total Returns)

Information Ratio
(5 Years)

29.71%
0.68

Inception Date 30-Nov-2001

Performance figures calculated in USD

Taymour Tamaddon, CFA
Taymour Tamaddon, CFA, Lead Portfolio Manager

Taymour Tamaddon is the portfolio manager of the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. He is a vice president and a member of the Investment Advisory Committees for the Health Sciences Equity, Global Growth Equity, US Growth Stock Equity, and Global Focused Growth Equity Strategies. Taymour is an executive vice president of T. Rowe Price Equity Funds and a vice president of the T. Rowe Price International Funds, Inc., and T. Rowe Price Global Funds. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.

 

Strategy

Investment Approach

  • Scrutinize both company- and industry-level fundamentals to identify companies with characteristics that support sustainable double-digit earnings growth.
  • Focus on high-quality earnings, strong free cash flow growth, shareholder-oriented management, and rational competitive environments.
  • Exploit differences between secular and cyclical trends.
  • Limit portfolio holdings to the most attractive growth opportunities across industries.

Portfolio Construction

  • Typically 60-75 stock portfolio
  • Individual position sizes typically range +/- 1.00% to 4.00% relative to Russell 1000 Growth Index
  • Sector weights will vary from 0.5X to 3.0X for primary sectors relative to Russell 1000 Growth Index

Holdings

Total
Holdings
70
Largest Holding Microsoft 8.62% Was (30-Jun-2021) 8.35%
Other View Full Holdings Quarterly data as of  30-Sep-2021
Top 10 Holdings 51.10% View Top 10 Holdings Monthly data as of  30-Sep-2021

Top Purchase

Amphenol (N)
0.65%
Was (30-Jun-2021) 0%

Top Sale

Alibaba Group Holding
0.53%
Was (30-Jun-2021) 1.46%

Quarterly Data as of 30-Sep-2021

Sectors

Total
Sectors
8
Largest Sector Information Technology 36.94% Was (30-Jun-2021) 34.78%
Other View complete Sector Diversification

Monthly Data as of 30-Sep-2021

Benchmark: Russell 1000 Growth Index

Top Contributor^

Industrials & Business Services
Net Contribution 0.47%
Sector
0.34%
Selection 0.12%

Top Detractor^

Consumer Discretionary
Net Contribution -1.13%
Sector
-0.04%
Selection
-1.09%

^Relative

Quarterly Data as of 30-Sep-2021

Largest Overweight

Communication Services
By13.43%
Portfolio 26.16%
Benchmark 12.73%

Largest Underweight

Information Technology
By-7.48%
Portfolio 36.94%
Benchmark 44.42%

Monthly Data as of 30-Sep-2021