Fund Facts  

Inception Date: Jun 30, 1997
CUSIP: 779917103
Ticker Symbol: PRDSX
Morningstar Category:Small Growth
As of Dec 31, 2019
Fund Net Assets ($millions) $8,631

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term growth of capital by investing primarily in common stocks of small growth companies.

Principal Investment Strategies  

The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities issued by small-cap U.S. growth companies. While most assets will typically be invested in U.S. equity securities, the fund may invest up to 10% of its total assets in foreign securities, including securities of emerging market issuers.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Dec 31, 2019
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
T Rowe Price® QM US Scap Eqa8.63%32.76%32.76%14.72%11.46%15.26%8.26%
MSCI US Small Cap Growth Index (Gross)a,b10.28%29.50%29.50%12.68%9.49%13.67%N/A
Morningstar Small Growtha,c9.46%27.68%27.68%13.66%9.92%12.68%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in an ICMA-RC administered account can log in at www.icmarc.org, or institutions can go to www.vantagepointfunds.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.80%
Net Expenses0.80%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2019 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI US Small Cap Growth Index (Gross) represents the universe of small growth capitalization companies in the US equity market. Gross total return indexes reinvest as much as possible of a company’s dividend distributions. The reinvested amount is equal to the total dividend amount distributed to persons residing in the country of the dividend-paying company. Gross total return indexes do not, however, include any tax credits.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 13, 2019Dec 13, 2019$1.635000000
Dec 13, 2018Dec 13, 2018$1.410000000
Dec 14, 2017Dec 14, 2017$0.035000000
Dec 14, 2016Dec 14, 2016$0.007000000
Dec 14, 2015Dec 14, 2015$0.470000000
 

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2019
Period Stars Category Size
Overall 4 Stars571
3-Year 3 Stars571
5-Year 4 Stars505
10-Year 5 Stars379

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Dec 31, 2019
Equity Stylebox
Medium Growth
Allocation of Assets As of Sep 30, 2019
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Sep 30, 2019
Asset ClassPercent
Domestic Stock98.1%
Foreign Stock0.4%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.5%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Sep 30, 2019
SectorPercent
Healthcare21.4%
Technology21.3%
Consumer Cyclical16.0%
Industrials15.5%
Consumer Defensive6.3%
Financial Services5.5%
Basic Materials5.1%
Real Estate3.6%
Energy1.8%
Communication Services1.5%
Utilities0.7%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Sep 30, 2019
Holding NamePercent
Euronet Worldwide Inc1.0%
Cable One Inc1.0%
Bright Horizons Family Solutions Inc1.0%
Fair Isaac Corp0.9%
Pool Corp0.9%
Churchill Downs Inc0.9%
Aerojet Rocketdyne Holdings Inc0.9%
Chemed Corp0.8%
Primerica Inc0.8%
Masimo Corp0.8%
 

Statistics

Portfolio Statistics As of Dec 31, 2019
Statistic3-Year5-Year
Beta0.890.88
Alpha2.862.67
Standard Deviation14.8414.56
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

Fund-to-Fund Transfers involving the T.Rowe Price Funds will be limited to reduce excessive trading and its adverse effects on the funds. If you transfer assets out of a T.Rowe Price Fund to another investment option, you must wait at least 31 days before transferring assets back into the same fund.

 

Footnotes

1.

T. Rowe Price® is a registered trademark of T. Rowe Price Group, Inc. - all rights reserved.

2.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2019 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.