LU2867336898
T. Rowe Price Funds SICAV - US Smaller Companies Equity Fund

Equities
US
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to increase the value of its shares, over the long term, through growth in the value of its investments.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Long standing US Small and mid cap strategy (launched in 2001) that is style neutral with broad exposure to both growth and value small and mid-cap companies.

People

Portfolio Managers Curt Organt and Matt Mahon collectively have more than 40 years of experience. They are supported by the broader equity research team of more than 50 analysts. Receive significant support from the broader team of T.Rowe Price portfolio managers and analysts, who advise and suggest candidates for the portfolios.Large analyst pool is crucial for small cap investing as it is an inefficient space and understanding both the opportunities and the risks associated with smaller companies is key to identifying the winnersT. Rowe Price, as a firm, is one of the pioneers in small cap investing with more than 70bn USD in AUM in small cap funds. T. rowe has been managing US small cap strategies since 1960.

Performance

The strategy was launched in 2001 and has outperformed its benchmark since inception with stock selection driving the outperformance. Downside capture has been very strong, losing less than the market and this has allowed the strategy to generate strong returns across all market cycles; lower downside capture has helped the fund to compound its returns over the long term.

Process

Bottom up process with a focus on free cash flow metrics, as the team believes FCF to be the purest measure of corporate financial performance and is central to determining value in the small and mid-cap market.Ideal candidates are companies below 18bn in market capitalisation with durable competitive advantages and a strong management team capable of adding value through the cycle. Resulting portfolio is between 150 to 200 holdings with broad exposure to both growth and value stocks that are within the market capitalization range of the Russell 2500 Index at time of purchase.

Cost

Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access

How it fits in a portfolio

Investors looking for exposure to smaller US companies can consider the Fund as a satellite exposure to complement their core equity holding. While the Fund is diversified with 150-200 holdings and a small average holding size , it focuses on smaller companies that are typically more volatile in nature.Therefore, investors should be mindful of the risk involved, although the Fund’s performance has shown that investors have historically been rewarded for taking such risks. This Fund is also country specific and investors should ensure that they construct their portfolio to build more diversity and avoid concentration risks.Updated as of 2024/07/23

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

6.85%

YTD

2.81%

1 month

2.81%

6 month

6.85%

1 year

-0.84%

As of Jan 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-21.24%As of Jan 2026

Volatility

15.69%As of Jan 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	2.8%	-	-	-	-	-	-	-	-	-	-	-
2025	-1.4%	2.2%	-5.7%	-6.3%	-7.0%	5.5%	3.3%	3.7%	1.3%	0.2%	0.5%	2.7%	-0.8%
2024	-	-	-	-	-	-	-	-	0.0%	-0.2%	2.5%	9.8%	-6.2%

Top Exposures

Holdings

Regions

Sectors

Elanco Animal Health Inc	2.45%
PTC Inc	2.23%
Haemonetics Corp	1.91%
APi Group Corp	1.83%
JBT Marel Corp	1.61%
Flowserve Corp	1.39%
MACOM Technology Solutions Holdings Inc	1.32%
Regions Financial Corp	1.30%
SiteOne Landscape Supply Inc	1.29%
Revvity Inc	1.24%
Dollar Tree Inc	1.24%
Weatherford International PLC Ordinary Shares - New	1.20%
StandardAero Inc	1.19%
Atmos Energy Corp	1.19%
BJ's Wholesale Club Holdings Inc	1.17%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.70%0.82% p.a.

Save 51%

Save up to 65% in fees

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Fund facts

ISIN

LU2867336898

Fund house

T. Rowe Price

Fund size

S$3.4B

As of 02 Feb 2026

Fund inception date

26 Aug 2024

Fund class currency

SGD

Fund share class

A SGD

Oldest share class ISIN

LU0133096635

Oldest share inception date

31 Jul 2001

Pricing frequency

Daily

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Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

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LU2867336898T. Rowe Price Funds SICAV - US Smaller Companies Equity Fund

LU2867336898
T. Rowe Price Funds SICAV - US Smaller Companies Equity Fund