PRVIX Fees and Costs — T. Rowe Price Small-Cap Value Fund, Inc., I Class
Data updated: 2026-08-27
The net expense ratio is 0.67%: a 0.63% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6.1M in broker commissions, 0.0618% of average net assets, and portfolio turnover was 36%.
PRVIX Fees and Expenses
Annual operating expenses and sales charges of PRVIX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PRVIX Costs Over Time
On $10,000 invested in PRVIX, assuming 5% a year before costs, total costs come to $460 over 5 years, cutting the return by 0.77% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $460 |
| Value after costs | $10,423 | $11,324 | $12,303 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
PRVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0618%
- Total broker commissions: $6.1M
- Bought from dealers (principal trades, not a cost): $212.5M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $279.2M
- Net income from securities lending: $1.7M (0.017% of average net assets)
PRVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $567K | 17.74% |
| RBC Capital Markets, LLC | $440K | 13.78% |
| MORGAN STANLEY & CO. LLC | $348K | 10.90% |
| TD Securities Ltd. | $345K | 10.80% |
| JEFFERIES LLC | $300K | 9.41% |
| J.P. MORGAN SECURITIES LLC | $279K | 8.72% |
| GOLDMAN SACHS & CO. LLC | $249K | 7.80% |
| EVERCORE GROUP L.L.C. | $240K | 7.52% |
| PIPER SANDLER & CO. | $232K | 7.25% |
| STIFEL NICOLAUS EUROPE LIMITED | $194K | 6.07% |
PRVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $31.5M | 21.41% |
| MORGAN STANLEY & CO. LLC | $23.4M | 15.89% |
| GOLDMAN SACHS & CO. LLC | $19.0M | 12.90% |
| JEFFERIES LLC | $17.0M | 11.57% |
| BOFA SECURITIES, INC. | $15.0M | 10.20% |
| HOVDE GROUP, LLC | $10.2M | 6.91% |
| Citigroup Inc. | $9.8M | 6.65% |
| WELLS FARGO SECURITIES, LLC | $8.7M | 5.90% |
| BMO Capital Markets Corp. | $6.8M | 4.66% |
| KEEFE, BRUYETTE & WOODS, INC. | $5.8M | 3.91% |
T. Rowe Price Small-Cap Value Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZVX | Z Class | 0.00% | — |
| PRVIX | I Class | 0.67% | — |
| PRSVX | T. Rowe Price Small-Cap Value Fund, Inc. | 0.79% | — |
| PASVX | Advisor Class | 1.19% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.