T. Rowe Price, the US$1.63trn global asset manager, has launched a core US equity fund that is powered by the stock-selection skill of its esteemed research team.
Part of the group’s UK OEIC, the T. Rowe Price Funds US Structured Research Equity Fund is based on an existing US$80.4bn US-domiciled strategy – which has more than a two-decade track record of outperformance over the S&P 500 Index, delivered with low tracking error. The new OEIC vehicle complements a SICAV version of the strategy, which was unveiled in December 2023.
T. Rowe Price is one of the largest managers of active US equities, with US$1.0tn of US equities under management. With a history dating back to 1937, T. Rowe Price’s long-term relationships with companies enable unparalleled access to key corporate decision-makers and industry authorities.
The actively managed T. Rowe Price US Structured Research Equity Fund typically holds 200-275 positions, with stock selection based purely on the fundamental insights of about 30 analysts from the group’s US equity research team. The portfolio’s sector, industry, and style exposures are designed to be similar to those of the S&P 500, with stock selection expected to be the primary source of excess returns.
Participating analysts deploy capital to investments within their specific area of expertise with the most attractive risk adjusted return outlook. A disciplined approach to portfolio construction and risk management ensures the strategy exhibits similar volatility and characteristics to the S&P 500, while the rules-based approach limits active risk and isolates the stock-picking strengths of T. Rowe Price’s analysts.
Nat Terry, Head of UK and Ireland, T. Rowe Price, comments: “With 85 years of experience investing in the US stock market, T. Rowe Price brings unmatched insight into American companies and industries. Our strength lies in our bottom-up fundamental research, and we are pleased to launch an OEIC version of a portfolio that reflects the best of our expertise. A core US equity strategy, this strategy has consistently outperformed the S&P 500 for more than 20 years, a through a variety of market conditions.”
Past performance is not a reliable indicator of future performance.
Gross performance returns are presented before management and all other fees, where applicable, but after trading expenses. Net of fees performance reflects the deduction of the highest applicable management fee that would be charged based on the fee schedule contained within this material, without the benefit of breakpoints. Gross and net performance returns reflect the reinvestment of dividends and are net of all non-reclaimable withholding taxes on dividends, interest income, and capital gains.
§ Index returns shown with gross dividends reinvested.
*The Value Added row is shown as US Structured Research Equity Composite minus the benchmark in the previous row.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by T. Rowe Price. Standard & Poor’s®️ and S&P®️ are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
The table shows the performance of the US Structured Research Equity Composite for guidance purposes only. We are unable to show the performance of the underlying SICAV until 12 months after the fund’s inception.
