US Equity Fund*

A large cap core fund seeking high-quality secular growth companies, irrespective of style.

At a glance:

Strategy inception date
30 June 2008
Comparator benchmark
S&P 500 Net 15% Withholding Tax

Ratings 

Jeff Rottinghaus
Jeff Rottinghaus
Portfolio Manager
Why T. Rowe Price US Equity Fund?

Our US Equity Strategy invests in a high-conviction portfolio of our best ideas. It’s designed to give controlled access to growth and value opportunities in high quality US companies.

1 Consistent, bottom-up approach
We seek to invest in high quality, secular growth stocks that can provide sustainable returns in a variety of different market environments. We look for companies with proven management teams, strong competitive standing within their industries and high levels of profitability, where the market under-appreciates either their potential for improvement or future growth.
2 High-conviction, concentrated portfolio
Best-ideas portfolio of approximately 50 holdings. The strength of our vigorous proprietary research allows the portfolio manager to make meaningful investments from among our most attractive buy-rated opportunities.
3 Best of growth and value
We invest in a broadly diversified portfolio of large cap growth and value stocks, tilted opportunistically between growth and value in response to changing market conditions and as the opportunity set evolves. The flexibility to invest in stocks in any sector irrespective of style provides a broad range of attractive investment opportunities.

Investment Objective

To increase the value of its shares, over the long term, through growth in the value of its investments. The fund invests mainly in a diversified portfolio of stocks from large capitalisation companies in the United States.
We don’t view stocks as either value stocks or growth stocks. We’re just looking for good ideas across the style spectrum where we believe we can make money for our investors.
Jeff Rottinghaus / Portfolio Manager
Diversified exposure to US companies across the growth and value spectrum
Best ideas portfolio
  • Approximately 50 stocks
  • Max +/- 10% versus benchmark
  • Stocks with US$5bn+ market cap
  • Targeting active share > 70%
Growth and value opportunities
  • Portfolio of US large companies with compelling business models across both growth and value styles
  • Flexible style bias, tilted in response to changing conditions
Long-term focus
  • Investment decisions focus on companies’ long-term opportunities rather than short-term results
  • Disciplined investors with historically moderate level of portfolio turnover
Key Risks – The following risks are materially relevant to the fund (refer to prospectus for further details): Transactions in securities of foreign currencies may be subject to fluctuations of exchange rates which may affect the value of an investment.

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*T. Rowe Price Funds SICAV – US Equity Fund and T. Rowe Price Funds OEIC – US Equity Fund

Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via the links titled “See all SICAV fund data” and “See all OEIC fund data” available in the resources section above.

Past performance is not a reliable indicator of future performance.

Morningstar star rating as at 30 September 2019. FE Crown Fund Rating as at 30 June 2019.

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. For further information on ratings methodology please visit www.morningstar.com

This rating relates to the SICAV Fund which is managed in the same way as the OEIC Fund but has a longer track record. © 2019 FE. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE does not guarantee that a fund will perform in line with its FE Crown Fund Rating as it is a reflection of past performance and Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. www.trustnet.com

Other US Equity funds

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1 Total U.S. Equity Assets: 593.3 Billion GBP. As of 30 September 2019. US Equity AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.

2 T. Rowe Price Funds OEIC – US Large Cap Growth Equity Fund, T. Rowe Price Funds SICAV – US Large Cap Growth Equity Fund.
3 T. Rowe Price Funds SICAV – US Blue Chip Equity Fund.
4 T. Rowe Price Funds OEIC – US Equity Fund, T. Rowe Price Funds SICAV – US Equity Fund.
5 T. Rowe Price Funds OEIC – US Large Cap Value Equity Fund, T. Rowe Price Funds SICAV – US Large Cap Value Equity Fund.
6 T. Rowe Price Funds OEIC – US Smaller Companies Equity Fund, T. Rowe Price Funds SICAV – US Smaller Companies Equity Fund

Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via the links titled “See all SICAV fund data” and “See all OEIC fund data” available in the resources section above.