Style agnostic investing in larger US companies.
To increase the value of its shares through growth in the value of its investments.
- Carefully constructed portfolio of the portfolio manager’s highest conviction investment ideas supported by our deep pool of U.S. equity analysts.
- Core style targeting attractive opportunities across the investable universe irrespective of growth or value style.
- Investment process that:
- leverages the stock selection capabilities of our global research team;
- emphasizes fundamental bottom-up stock selection;
- is combined with an in-depth valuation assessment;
- has rigorous portfolio construction.
- Active risk management process integrated throughout our analysis.
- Focused Large-Cap approach with stock selection the primary source of value added.
- High conviction portfolio takes meaningful bets based on rigorous proprietary research.
- Roughly 50-60 securities.
- Invest in high conviction ideas over a two-year time horizon.
- Typical position size range: +/- 4% relative to the benchmark.
- Sector weights: Generally limited to +/- 10% relative to the benchmark.
- Expected tracking error: targeting 400 basis points.
- Expected active share: targeting 70% or greater.
|1 YR||3 YR
|Indicative Benchmark %||12.25%||12.68%||N/A||12.77%|
|Excess Return %||-5.05%||-1.02%||N/A||-2.06%|
|1 YR||3 YR
|Indicative Benchmark %||14.43%||13.45%||N/A||13.45%|
|Excess Return %||-3.53%||-1.64%||N/A||-2.32%|
|Month to DateData as of 01-Mar-2021||Quarter to DateData as of 01-Mar-2021||Year to DateData as of 01-Mar-2021||1 MonthData as of 31-Jan-2021||3 MonthsData as of 31-Jan-2021|
|Indicative Benchmark %||2.70%||2.10%||2.10%||-1.48%||7.32%|
|Excess Return %||-2.26%||-1.93%||-1.93%||0.78%||0.25%|
Past performance is not a reliable indicator of future performance. Source for fund performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges, taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.
Effective 1 June 2019, the "net" version of the indicative benchmark replaced the "gross" version of the indicative benchmark. The "net" version of the indicative benchmark assumes the reinvestment of dividends after the deduction of withholding taxes applicable to the country where the dividend is paid; as such, the returns of the new benchmark are more representative of the returns experienced by investors in foreign issuers. Historical benchmark performance has been restated accordingly.
Largest Top Contributor^
Largest Top Detractor^
Broadridge Financial Solutions (N)1.14%
PNC Financial Services Group (E)0.00%
Industrials & Business ServicesNet Contribution 0.31%
Communication ServicesNet Contribution -0.34%
Industrials & Business Services
Jeff Rottinghaus is a portfolio manager in the U.S. Equity Division. He is president of the US Large-Cap Core Equity Strategy and chairman of its Investment Advisory Committee. In addition, he is a vice president and an Investment Advisory Committee member of the US Quantitative U.S. and US Dividend Growth Strategies. Jeff also is a vice president of T. Rowe Price Group, Inc.
Jeff’s investment experience began in 2001 when he joined T. Rowe Price, beginning in the U.S. Equity Division. Prior to this, Jeff was employed by Ernst & Young as a financial consultant. Jeff also was part owner of software consulting firm Kelly Levey & Associates.
Jeff earned a B.S. in business administration from Bowling Green State University and an M.B.A. in finance from the University of Pennsylvania, The Wharton School. He is a certified public accountant.
- Fund manager2016
- Years at19
T. Rowe Price
- Years investment20
Eric Papesh is a portfolio specialist based in London in the U.S. Equity Division. Eric supports the US Smaller Companies Equity and US Large-Cap Equity Income Strategies offered in the Europe, Middle East, and Africa and Asia-Pacific regions. Eric is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.
Eric’s investment experience began in 1994, and he has been with T. Rowe Price since 2014, beginning in the ISG division as a portfolio specialist. Prior to this, Eric was employed by Russell Investments where he focused on U.S. equity investment strategies.
Eric earned a B.A. in business administration, with concentrations in finance and information systems, and an M.B.A. in business administration from the University of Washington. Eric has earned the Chartered Financial Analyst® designation.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
- Years at6
T. Rowe Price
- Years investment26
|Share Class||Minimum Initial Investment and Holding Amount||Minimum Subsequent Investment||Minimum Redemption Amount||Sales Charge (up to)||Management Charge||Ongoing Charge|
|Class C||£10,000||£500||£500||N/A||Up to65 basis points||0.82%|
Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.