T. Rowe Price Institutional U.S. Structured Research Fund

C000053975 Fund Overview

T. Rowe Price Institutional U.S. Structured Research Fund is a US mutual fund managed by T. Rowe Price Equity Funds, Inc., categorised as Developed ex-US Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: T. Rowe Price Equity Funds, Inc.
• Category: Developed ex-US Blend / Core Equity
• Assets under management: $936.30M
• SEC CIK: 0001012968
• SEC series ID: S000019417
• Share class ID: C000053975

C000053975 Investment Objective and Strategy

T. Rowe Price Institutional U.S. Structured Research Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by T. Rowe Price Equity Funds, Inc..

Investment objective

The fund seeks to provide long-term capital growth by investing primarily in U.S. common stocks.

Principal investment strategy

The strategy attempts to create a portfolio with similar characteristics to the Standard & Poors 500 Stock Index (S&P 500 Index) with the potential to provide excess returns relative to the Index. The fund uses a disciplined portfolio construction process whereby it weights each sector and industry approximately the same as the S&P 500 Index. Within each sector and industry, the weighting of individual fund holdings can vary significantly from their weighting within the S&P 500 Index. The fund, which may be considered an enhanced index fund, attempts to outperform the S&P 500 Index by overweighting those stocks that are viewed favorably relative to their weighting in the Index, and underweighting or avoiding those stocks that are viewed negatively. The fund may also purchase stocks that are not in the S&P 500 Index, but at least 80% of the funds total assets will normally be invested in stocks that are in the S&P 500 Index at the time of purchase.

A portfolio oversight team is responsible for the overall structure of the fund and for developing rules for portfolio construction. The portfolio oversight team seeks to take advantage of T. Rowe Prices fundamental research by assigning equity analysts to select stocks for the fund within industries where they have focused expertise. The equity analysts are directly responsible for selecting stocks and determining the stocks weights within their industry-specific portfolios. The analysts actively select stocks from the industries they cover based on fundamental research, which considers various factors such as the quality of a companys management team and its business franchise, earnings growth potential of a company and its market sector, and valuation. The funds portfolio oversight team maintains responsibility for evaluating the performance of the overall portfolio and the analysts stock selections, tracking and aligning the funds risk characteristics with those of the S&P 500 Index, monitoring the portfolios exposures to industries and sectors, managing cash flows into and out of the fund, and ensuring overall compliance by the analysts with the funds portfolio construction principles.

The portfolio oversight team is responsible for selecting stocks that meet the funds investment criteria, but have not yet been assigned to an analyst. Because the fund is designed to have similar characteristics to the S&P 500 Index, there is expected to be a relatively close correlation between the funds performance and the performance of the Index in both rising and falling markets. However, when compared to a fund that follows a strict indexing strategy, there is a much greater chance that the funds performance will deviate from the Index (referred to as tracking error) and the potential for higher portfolio turnover, which increases the possibility of taxable distributions to shareholders and results in higher transaction costs to the fund. The fund will generally remain fully invested (less than 5% in cash reserves) and seeks to be sector neutral when compared to the S&P 500 Index.

While the majority of assets will be invested in large-capitalization U.S. common stocks, small- and mid-capitalization and foreign stocks may also be purchased in keeping with fund objectives. Securities may be sold for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities. The fund may at times invest significantly in certain sectors, such as the information technology sector. In pursuing its investment objective, the fund has the discretion to deviate from its normal investment criteria. These situations might arise when the funds adviser believes a security could increase in value for a variety of reasons, including an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management.

C000053975 Costs and Fees

C000053975 costs about $55 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.55%
• Gross expense ratio: 0.55%
• Portfolio turnover: 47%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000053975 Cashflows

Over the 12 months to 2019-09, T. Rowe Price Institutional U.S. Structured Research Fund had net inflows of $189.45M, from monthly SEC N-PORT filings.

C000053975 Debt Constituents

No individual debt constituents are reported in T. Rowe Price Institutional U.S. Structured Research Fund's latest SEC N-PORT filing.

C000053975 Prospectus and SEC Filings

Official T. Rowe Price Institutional U.S. Structured Research Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-05-14
• Prospectus (485BPOS) — filed 2018-05-15
• Prospectus (485BPOS) — filed 2017-05-15
• Portfolio holdings (N-PORT) — filed 2019-11-25
• Annual census, amended (N-CEN/A) — filed 2019-09-11

Related Funds

Other Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:

• State Street International Stock Selection Fund (SSAIX)
• Columbia Pyrford International Stock Fund (PISJX)
• Core Market Neutral Fund (STTKX)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.