Strategy

Investment Objective

The fund seeks to provide long-term capital appreciation.

Morningstar Equity Style

Large Growth

Data as of 07/31/2021

Average Annual Total Returns (Investor Class)

1 YR

53.86%

Benchmark

40.79%

Value

13.07%

Data as of 06/30/2021

3 YR

27.16%

Benchmark

18.67%

Value

8.49%

Data as of 06/30/2021

5 YR

28.04%

Benchmark

17.65%

Value

10.39%

Data as of 06/30/2021

10 YR

19.66%

Benchmark

14.84%

Value

4.82%

Data as of 06/30/2021

Expense Ratio

Current Year Performance (Investor Class)

Daily YTD

13.85%

Benchmark

21.58%

Value

-7.73%

Data as of 08/31/2021

Monthly YTD

10.31%

Benchmark

17.99%

Value

-7.68%

Data as of 07/31/2021

One Month

-4.79%

Benchmark

2.38%

Value

-7.17%

Data as of 07/31/2021

Three Months

-1.87%

Benchmark

5.50%

Value

-7.37%

Data as of 07/31/2021

Asset Allocation

Largest US Stock 57.88% $5.7b

Other View complete

Holdings

Largest Holding Salesforce.com 5.69% Was (03/31/2021) 5.20%

Other View complete Full Holdings

Top 10 Holdings 48.12% View the latest Top 10 Holdings

12-Month Portfolio Turnover 67.1% Data as of 07/31/2021

Largest Contributor

Salesforce.com

5.69%

Largest Detractor

Trip.Com

4.99%

Purchase

Pinterest (N)

1.44%

Was 0.00%

Sale

Alphabet Class C

4.13%

Was 7.65%

Sectors

Largest Sector Internet 50.68% Was (06/30/2021) 50.63%

Other View complete

Contributor

Healthcare

By 0.29%

Sector 0.12%

Selection 0.18%

Detractor

Internet

By -0.98%

Sector 0.56%

Selection -1.54%

Fund 50.68%

Benchmark 14.10%

Under

Semiconductors

By -11.57%

Fund 10.65%

Benchmark 22.21%

Team (As of )

Ken

Ken Allen
Portfolio Manager

Ken Allen is a portfolio manager in the U.S. Equity Division. He is chairman of the Investment Advisory Committee of the Science & Technology Equity Strategy and a vice president and an Investment Advisory Committee member of the US Quantitative U.S., Diversified Mid-Cap Growth Equity, U.S. Mid-Cap Growth Equity, Global Technology Equity, U.S. Large Cap Value Equity and US Quantitative Efficient Strategies  . Ken is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Funds.

  • Fund manager
    since 2008
  • Years at
    T. Rowe Price 21
  • Years investment
    experience 21

How to Invest

View platform information
Share Class Min Initial Investment (USD) Min Subsequent Investment (USD) 12b-1 Fee Expense Ratio
Gross Net Limitation Type Limitation Expiration Date
Investor Class
Cusip 77957M102
$2,500 $100 0.00% 0.77% 0.77% N/A N/A
Advisor Class
Cusip 77957M201
$2,500 $100 0.25% 1.05% 1.05% N/A
N/A
I Class
Cusip 87282N105
$1,000,000* N/A 0.00% 0.65% 0.65% N/A
N/A

Benefits & Risks

  • Above-average growth potential of technology companies on the brink of technological advancement.
  • Potential volatility inherent in an industry:
  • That is highly competitive
  • Where companies that fall short of expectations are often treated harshly by investors

Investor Profile

  • Suitable for investors seeking exposure to the dynamic growth prospects of science and technology companies.
  • Appropriate for aggressive investors who are willing to accept the volatility inherent in the technology sector.

Risk/Return Characteristics

Data as of 07/31/2021

Risk/Return (5 Years) Fund S&P 500 Index
Alpha 6.43% 0.00%
Beta 1.06 1.00
R-Squared 0.76 1.00
Annualized Std. Deviation 18.11% 14.83%
Information Ratio 0.90 0.00
Sharpe Ratio 1.33 1.08
Tracking Error 9.00% 0.00%

Asset Allocation (07/31/2021)

Category % of Total Net Assets Market Value (USD)
Convertibles 1.94% $190,529,861.87
Global ex-US Stock 33.54% $3,294,005,962.41
Reserves 6.65% $653,104,938.88
US Stock 57.88% $5,684,468,249.97
Total Allocation   $9,821,126,900.44

Platforms (Investor Class)

PlatformRetail InvestorInstitutional Investor
Pershing N/A NTF
TD Ameritrade NTF NTF
Schwab NTF NTF
Fidelity NTF NTF
E*Trade NTF N/A
  • NTF No Transaction Fee
  • TF Transaction Fee
  • N/A Not Available

Generic

Financial Professionals

Client liaisons are available Monday-Thursday from 8 a.m. to 6 p.m. ET and Friday from 8 a.m. to 5 p.m. ET.

Tel: 1-800-564-6958

Write us

Find us at the office

Darmofal- Broderick street no. 11, 88736 Vatican City, Vatican City

Give us a ring

Meadow Hipsley
+90 293 316 242
Mon - Fri, 8:00-14:00

Join us