T. Rowe Price US Large Cap Value Equity Fund

Kapitalverlustrisiko. Die Wertentwicklung in der Vergangenheit ist kein zuverlässiger Hinweis auf die aktuellen oder künftigen Ergebnisse. Bitte berücksichtigen Sie bei der Wahl eines Produkts oder einer Strategie auch andere Faktoren.

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Strategie

Kurzbeschreibung

Unser Interesse richtet sich auf Titel mit dem Potenzial für dauerhafte zweistellige Ertragssteigerungen, die von säkularem ebenso wie zyklischem Wachstum profitieren. Wir setzen geduldig auf Unternehmen, die gemessen an ihrem langfristigen Potenzial attraktiv bewertet sind. Daneben nutzen wir Gelegenheiten im zyklischen Bereich zum Aufbau von Positionen in Titeln, von deren Qualität und Potenzial wir überzeugt sind. Darüber hinaus wenden wir eine interne Ausschlussliste an, die den häufigsten ESG-Anliegen unserer Kunden Rechnung trägt. Der Portfoliomanager wird durch den Vergleichsindex des Fonds, der lediglich zum Performance-Vergleich dient, nicht eingeschränkt.

Keine Daten zum Anzeigen

Risiken

Die nachstehenden Risiken sind für diesen Fonds erheblich. Weitere Informationen sind im Abschnitt „Risikobeschreibungen“ im Prospekt (Unterlagen zur Fondspalette) enthalten:

Aktienrisiko
ESG-Risiko
Geografisches Konzentrationsrisiko
Absicherungsrisiko
Investmentfondsrisiko
Verwaltungsrisiko
Marktrisiko
Operationelles Risiko
Small-/Mid-Cap-Risiko

Typisches Anlegerprofil

Anleger mit mittel- bis langfristigem Anlagehorizont, die:

• am Wachstum ihrer Anlageinvestitionen interessiert sind
• die Risiken des Fonds verstehen und akzeptieren, einschließlich der Risiken in Verbindung mit Anlagen in Aktien

Käufe

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There is currently limited Purchases & Sales data for this fund. Please contact us for more information.

Verkäufe

Bitte beachten Sie

There is currently limited Purchases & Sales data for this fund. Please contact us for more information.

31-Dez.-2021 - Heather McPherson, Portfoliomanager,

We purchased shares of Fiserv. The company has an attractive valuation with significant growth prospects. Its Clover asset, a cloud-based point-of-sale platform, has also experienced robust growth, which is encouraging.
We sold shares of Applied Materials on relative strength. The company recovered from its pandemic bottom, and we appreciate the company's strong end markets and believe there will be very strong long-term foundry and logic demand.
Texas Instruments, semiconductor designer and manufacturer, has also performed well over recent periods. We sold shares on strength.
We sold shares of JPMorgan Chase and Morgan Stanley on recent strong performance. We continue to value the names but chose to shift our exposure into companies with more attractive valuations and risk/reward ratios.
We initiated a position in Citigroup. In our view, Citigroup is trading at an attractive valuation and has a compelling dividend yield. We also appreciate the company's plan to repurchase shares.
We purchased shares of Cummins. The valuation relative to its industrial peers is extremely attractive, and we believe there is a good amount of untapped value in the stock.
Caterpillar is an early-cycle stock, and as we've moved further into the cycle, we took the opportunity to rotate out of the company and redeploy the funds into names where we have higher conviction. We eliminated our position during the period.
We sold shares of Nielsen Holdings. We believe there are idiosyncratic secular concerns that this company faces and elected to move into investments with more compelling risk/reward characteristics.
Rockwell Automation is structurally and secularly well positioned around automation. However, we sold shares of the fully valued company and invested some of the assets in Siemens, which also has an automation platform and a more attractive sum-of-its-parts valuation.

Positiver Beitrag zur Wertentwicklung

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Für diesen Fonds liegen derzeit nur begrenzte Daten vor. Bitte kontaktieren Sie uns für weitere Informationen.

Negativer Beitrag zur Wertentwicklung

Bitte beachten Sie

Für diesen Fonds liegen derzeit nur begrenzte Daten vor. Bitte kontaktieren Sie uns für weitere Informationen.

31-Dez.-2021 - Heather McPherson, Portfoliomanager,

Shares of Zimmer Biomet Holdings continued to struggle with the effects of COVID-19, slumping particularly after the company revised guidance lower on expectation of lingering pandemic-related headwinds and staffing shortages. Shares were also impacted by the uncertainty around the timeline for a return to normal in elective procedures. In our view, the market undervalues the company's fundamental improvement over the past several years. We believe that Zimmer Biomet Holdings is positioned to benefit from the ongoing normalization of the health care system.
Medtronic shares were pressured by investor uncertainty about the potential strength of the clinical trial data for the company's renal denervation system and as regulators flagged concerns in Medtronic's diabetes business. In our view, the company has a solid product pipeline, and we believe that new products, new markets, and improved execution should help to drive organic revenue growth over time.
Shares of International Paper fell, as the company contended with supply chain disruptions and heightened input costs, which negatively impacted reported financials. We continue to feel the company is well positioned to navigate a volatile backdrop while operating in an industry with favorable long-term fundamentals and consolidation potential. In our view, International Paper has a solid asset base, an improving balance sheet, and an attractive valuation.
Welltower is a diversified health care real estate investment trust. The stock traded lower due to seasonal effects as well as pressure on margins due to elevated labor costs.
Shares of Qualcomm rose over the period. Following a robust financials report, driven in part by increased chip supply, and raised guidance, investor sentiment boosted the stock higher. Additionally, the company has been taking market share in the Android ecosystem and broadening into the non-handset business. We continue to value Qualcomm's leading position within the industry and believe the company should benefit from its solid fundamentals as well as idiosyncratic tailwinds due to its strong position in 5G.� �
Microsoft shares benefited from ongoing enthusiasm for its products and services amid the acceleration toward cloud adoption. The company delivered impressive quarterly results across its business segments, led by continued strong performance in Azure's revenue growth as well as solid server product growth. We appreciate Microsoft's smart capital allocation, the growth prospects of its cloud business, and the potential of its push into analytics and artificial intelligence. We continue to believe the shift toward cloud adoption will be advantageous to the company's free cash flow generation.
Our underweight allocation to the communication services sector helped relative performance. Overall, we maintain a relatively small position in the sector, with a focus on areas where we believe there is attractive relative value with compelling risk/reward characteristics. As such, we continue to emphasize idiosyncratic, company-specific opportunities that we believe can drive meaningful growth in a variety of economic landscapes.

Current Year Performance

Annualisierte Wertentwicklung

Team

Gebühren

Risiken

Typisches Anlegerprofil

Wertentwicklung pro Kalenderjahr

Kumulative Wertentwicklung

EINZELNE WERTENTWICKLUNGEN

10 grösste Positionen

Käufe

Verkäufe

Positiver Beitrag zur Wertentwicklung

Negativer Beitrag zur Wertentwicklung

Sektorattribution

Team