A large cap growth fund seeking firms that demonstrate innovation and change
At a glance:
30 November 2001
Russell 1000 Growth Index Net 30% withholding tax
Please note that this is the indicative benchmark of the Fund. It is not a formal benchmark but is shown for comparison purposes.
Why T. Rowe Price Funds SICAV – US Large Cap Growth Equity Fund?
Our US Large Cap Growth Equity Fund is designed to give access to a portfolio of competitively-advantaged businesses at various stages of their corporate life-cycle, leveraging innovation and change to drive rapid growth in earnings and cash flow.
We are looking to identify stocks that deliver sustainable, double-digit earnings growth, capitalising on both secular and cyclical growth spanning the large-cap spectrum. Stocks that we favour will typically exhibit high-quality earnings, strong free cash flow growth, shareholder-oriented management, with strong competitive positions in attractive growth industries.
We focus on competitively-advantaged businesses that are on the right side of major and lasting change. We like disruptive and innovative companies that can take outsized share in established markets which can drive rapid growth in earnings and generate significant free cash flow that ultimately drives stock prices.
We have a long-term perspective in our investment approach, and with a two‑ to three-year expected holding period, we are patient investors. We construct portfolios of companies that we believe have attractive earnings growth over the course of the next three years, regardless of investor expectations. On the other hand, short-term momentum and sentiment are often overemphasised by investors, creating opportunities for investors like us with a longer-term focus.
To increase the value of its shares 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 that have the potential for above-average and sustainable rates of earnings growth.
We like disruptive and innovative companies that are on the right side of major and lasting change.
Diversified exposure to competitive US companies trading at attractive valuations
- 60 – 75 stocks
- 0.5X-3X Russell 1000 sectors
- Generally US$8bn+ market cap
Attentive to valuations
- Avoid overpaying for growth, investing in companies trading at attractive valuations relative to their long-term potential
- Taking advantage of cyclical opportunities to build positions in high conviction names
- Companies leveraging innovation and change to drive rapid growth in earnings and cash flow
- Analysis centres on industry and company dynamics, quality of management and fundamentals
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. The fund is subject to the volatility inherent in equity investing, and its value may fluctuate more than a fund investing in income-oriented securities.
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* T. Rowe Price Funds SICAV – US Large Cap Growth 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 link titled “See all SICAV fund data” available in the resources section above.
Past performance is not a reliable indicator of future performance.
Morningstar Analyst Rating™ calculated annually. Silver rating as at 19 September 2019. The Morningstar Rating is shown for the USD I share class as at 30 June 2020. The Morningstar Rating is updated on a monthly basis. For the latest ratings information please visit the Morningstar website.
©2020 Morningstar, Inc. 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
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All figures are as at 30 June 2020 unless stated otherwise.
1 Total US Equity Assets: US$ 806 billion. As of 30 June 2020. US Equity AUM includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates.
2 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 SICAV – US Equity Fund.
5 T. Rowe Price Funds SICAV – US Large Cap Value Equity Fund.
6 T. Rowe Price Funds SICAV – US Smaller Companies Equity Fund