Past performance is not a reliable indicator of future performance.
Strategy
US Large-Cap Core Growth Equity
The US Large-Cap Core Growth Equity Composite seeks long-term capital appreciation primarily through investment in common stocks of well established large- and medium-cap blue chip companies with potential for above-average earnings growth. Current income is a secondary objective for this strategy.
3YR Return Annualised (Net)
(View Total Returns)
Tracking Error
(5 Years)
19.48%
6.42%
1YR Return (Net)
(View Total Returns)
Information Ratio
(5 Years)
22.56%
0.98
Inception Date 31-Dec-1995
Performance figures calculated in USD
Strategy
Investment Approach
- Identify high-quality companies with leading market positions in fertile growth fields.
- Integrate fundamental research — emphasize sustainable growth, not momentum growth.
- Focus on high-quality earnings, strong free cash flow growth, shareholder-oriented management, and rational competitive environments.
- Avoid overpaying for growth, while broadly diversifying portfolios, to manage portfolio risk.
Portfolio Construction
- Typically 100-140 stock portfolio
- Individual position sizes are typical +/-3% relative to S&P 500 Index and +/-5% versus the Russell 1000 Growth Index weightings.
- Sector weights range from 0.5X to 3.0X for primary S&P Index sectors and Russell 1000 Growth Index sectors.
- Primary benchmark is S&P 500 Index. Secondary benchmark is Russell 1000 Growth Index.
Paul Greene is the portfolio manager of the US Large-Cap Core Growth Equity Strategy in the U.S. Equity Division. He is a vice president and an Investment Advisory Committee member of the US Large-Cap Core Growth Equity, Communications and Technology Equity, and US Growth Stock Equity Strategies. He is an Investment Advisory Committee member of the Global Growth Equity and Global Focused Growth Equity Strategies. Paul is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.