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Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

FUND RANGE

Your active allocation to
the US

We have been growth investors since the founding of our firm in 1937, and have since added to our range. Today we offer a range of solutions to suit different client preferences: from large to small cap, and from growth through to value strategies. Explore our strategies in focus:

US All Cap Opportunities Equity Fund

Seeking consistency across market cycles

At a glance 

Strategy inception date: June 2022
Strategy AUM*: GBP 12.0bn 
Portfolio Manager: Justin White
Comparator benchmark**: Russell 3000 Index Net 15% Witholding Tax

* As of 31/12/2023

** The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.

PORTFOLIO MANAGER 

Justin White

Justin White

Years of industry experience
14


Years at
T. Rowe Price
14

Explore the fund

An actively managed all-cap portfolio seeking to identify companies we believe offer the highest outperformance probability across a broad investable universe.


Why consider this strategy?

  1. Broad mandate: The strategy offers access to our best 60-80 ideas across market caps and styles, with the nimbleness to adjust to changing market conditions.
  2. Consistent investment approach: Our investment framework – based on four pillars for stock selection – provides a robust and pragmatic approach to identifying our highest-conviction ideas.
  3. Rigorous Fundamental Research: Our global research team delivers the breadth and cross-collaboration needed to understand the risks and opportunities across a broad investment universe

Related Articles

December 2023 / VIDEO

US All-Cap Strategy Webinar Replay

US All-Cap Strategy Webinar Replay

US All-Cap Strategy Webinar Replay

Widening the Alpha Aperture: Why an All-Cap Approach Makes Sense

By Justin White & Craig Watson

By Justin White & Craig Watson

Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - US All Cap Opportunities Equity Fund (refer to prospectus for further details): Issuer concentration risk, Sector concentration risk.
 


US Large Cap Growth Equity Fund

Seeking the winners of tomorrow

At a glance 

Strategy inception date: November 2001
Strategy AUM*: GBP 48.8bn
Portfolio Manager: Taymour Tamaddon
Comparator benchmark**: Russell 1000 Growth Net 30% Index 

* As of 30/12/2023

** The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.

PORTFOLIO MANAGER 

Taymour Tamaddon 

Years of industry experience 
20


Years at
T. Rowe Price
19

Morningstar star rating applies to T. Rowe Price Funds SICAV US Large Cap Growth Equity Fund as at 31 January 2024.  Silver ratings as at 31 January 2024. 
Explore the fund

An actively managed portfolio of competitively-advantaged US large-cap companies leveraging innovation and change to drive rapid growth in earnings and cash flow..


Why consider this strategy?

  1. Focus on durable growth: We focus our research on finding companies that we believe can generate real and sustainable double-digit earnings growth. 
  2. Exploiting change: We seek to invest in competitively-advantaged businesses at various stages of their corporate life-cycle, harnessing innovation and change to drive rapid growth in earnings and cash flow.
  3. Diversified portfolio: A 60-75 stock portfolio of both secular and cyclical growth opportunities, that we believe can deliver strong returns in a variety of market environments.

Related Articles

July 2023 / INVESTMENT INSIGHTS

Offense and Defense—Health Care Offers Exposure to Both Worlds

Offense and Defense—Health Care Offers Exposure to Both Worlds

Offense and Defense—Health Care Offers Exposure...

Few sectors offer defensive characteristics and attractive growth potential

By Taymour Tamaddon

Taymour Tamaddon Portfolio Manager


Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - US Large Cap Growth Equity Fund (refer to prospectus for further details): Issuer concentration risk, Small and mid-cap risk, Style risk. 
 


US Large Cap Value Equity Fund

A portfolio seeking hidden gems

At a glance 

Strategy inception date: March 1990
Strategy AUM*: GBP 15.0bn
Portfolio Manager: Gabe Solomon
Comparator benchmark**: Russell 1000 Value Net 30% Index

* As of 30/12/2023

** The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.

PORTFOLIO MANAGER 

Gabe Solomon

Years of industry experience
21


Years at
T. Rowe Price
19


Morningstar star rating applies to T. Rowe Price Funds SICAV US Large Cap Value Equity Fund as at 31 January 2024. Silver ratings as at 31 January 2024. 
Explore the fund

An actively managed, best ideas portfolio of US large-cap companies with hidden value and upside potential that we believe are overlooked by the market.


Why consider this strategy?

  1. Hidden quality: We search for high quality companies with solid businesses, strong balance sheets, and durable earnings profiles that are inexpensive relative to history, sector or market.
  2. Upside potential: We seek to lean into controversy and to take contrarian positions where the risk/reward balance looks appealing to us.
  3. Long-term horizon: A diversified portfolio of 70-80 holdings we seek to hold for the long term to enable the full exploitation of valuation anomalies.

Related Articles

November 2023 / INVESTMENT INSIGHTS

Broad, nuanced, and historically cheap—should value investors keep fait...

Broad, nuanced, and historically cheap—should value investors keep faith...

Broad, nuanced, and historically cheap—should...

While short-term caution is prudent, the longer-term outlook appears more compelling

By Gabe Solomon

Gabe Solomon Co-Portfolio Manager


Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - US Large Cap Value Equity Fund (refer to prospectus for further details): Small and mid-cap risk, Style risk.
 


US Smaller Companies Equity Fund

Exploiting inefficiencies in small caps

At a glance *

Strategy inception date: July 2001
Strategy AUM*: GBP 2.8bn
Portfolio Manager: Curt Organt
Comparator benchmark**: Russell 2500 Net 15% Index

* As of 31/12/2023

** The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only

PORTFOLIO MANAGERs 

Curt Organt

Years of industry experience
29


Years at
T. Rowe Price
27

Matt Mahon

Justin White

Years of industry experience
13


Years at
T. Rowe Price
7


Morningstar star rating applies to T. Rowe Price Funds SICAV US Smaller Companies Equity Fund as at 31 January 2024. Silver ratings as at 31 January 2024.
Explore the fund

An actively managed, core style fund of US mid and small cap companies that maintains broad exposure to both growth and value stocks.


Why consider this strategy?

  1. Opportunity: We look to identify underfollowed companies possessing attractive fundamentals where identification of a “value creation” catalyst is key.
  2. Flexibility: We seek to invest in the most attractive opportunities across the full opportunity set from deep value through to aggressive growth companies.
  3. Diversification: A highly-diversified portfolio of 150-250 companies, which we believe exhibit the most attractive risk-adjusted returns.

Related Articles

January 2024 / MARKETS & ECONOMY

US small-cap stocks look like a potentially big opportunity

US small-cap stocks look like a potentially big opportunity

US small-cap stocks look like a potentially...

Six key factors point to an encouraging outlook for US smaller companies

By Curt Organt & Matt Mahon

By Curt Organt & Matt Mahon

August 2023 / INVESTMENT INSIGHTS

The Outlook for US Smaller Companies Looks Increasingly Compelling

The Outlook for US Smaller Companies Looks Increasingly Compelling

The Outlook for US Smaller Companies Looks...

Now is not the time to wait on the sidelines

By Curt Organt

Curt Organt Co-Portfolio Manager


Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - US Smaller Companies Equity Fund (refer to prospectus for further details): Small and mid-cap risk.

 


US Equity Fund

A high conviction, core style portfolio

At a glance *

Strategy inception date: July 2009
Strategy AUM*: GBP 28.7bn
Portfolio Manager: Shawn Driscoll
Comparator benchmark**: S&P 500 Index Net 15% Witholding Tax

* As of 31/12/2023

** The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only

PORTFOLIO MANAGER 

Shawn Driscoll

Years of industry experience
19


Years at
T. Rowe Price
16


Morningstar star rating applies to T. Rowe Price Funds SICAV US Equity Fund as at 31 January 2024.
Explore the fund

An actively managed high conviction portfolio seeking to capture opportunities from across a wide universe of both traditional growth and value investments.


Why consider this strategy?

  1. Core style: The portfolio is titles opportunistically between growth and value in respect to changing market conditions and investment opportunities
  2. Quality bias: Our process tends to tilt the portfolio towards persistently high-quality businesses that tend to exhibit lower volatility and economic sensitivity
  3. High conviction portfolio: Utililises the best ideas from our extensive research team to build a portfolio of roughly 65-75 US large cap companies


Risks - The following risks are materially relevant to T. Rowe Price Funds SICAV - US Equity Fund (refer to prospectus for further details): Style risk.

 

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The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents (KIID) and/or key information document (KID) in English and in an official language of the jurisdictions in which the Funds are registered for public sale, 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. They can also be found along with a summary of investor rights in English at www.troweprice.com. The Management Company reserves the right to terminate marketing arrangements.