T. Rowe Price Small Cap Value fund (Ticker: PRSVX) is one of best domestic stock mutual funds. It invests in small companies.
T. Rowe Price Small-Cap Value (Ticker: PRSVX)
T. Rowe Price Small-Cap Value fund objective is seeking for capital growth in long-term. The majority of the net-assets investment (at least 80%) is in companies with market capitalization within or below the range of companies in the Russell 2000 Index. Besides in U.S. common stocks, this PRSVX may also invest in other securities including foreign stocks, options, futures and bonds.
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| T Rowe Price Small Cap Value details |
PRSVX Fund Details
- Fund Inception Date: June 1988
- Ticker Symbol: PRSVX
- CUSIP: 77957Q103
- Beta (3yr): 1.10
- Rank in category: 77
- Category: Small Blend
- Distribution: 0.66%
- Capital Gains: If there is any capital gain, it will be paid annually on December. Last capital gain was paid on December 2010.
- Number of Years Up: 16 years
- Number of Years Down: 6 years
updated on May 2017
Since 1991, Preston G. Athey has been the lead manager of this PRSVX fund. He is also served as the chairman of the committee and lead portfolio manager for T. Rowe Price U.S. Small-Cap Value Strategy. The minimum balance to invest in this fund is $2,500 for brokerage account and $1,000 for IRA account. The minimum subsequent investment for brokerage account is $100 and $50 for IRA account. The fund can be purchased from 78 brokerages include TD Ameritrade, Schwab Institutional, Vanguard, T. Rowe Price, Merrill Lynch, etc. As part of no load fund, this T Rowe Price fund doesn’t have any 12b1 fee and any sales load (i.e. no front end sales load and no deferred sales load).
The annual expense ratio in the category is 1.39%, while the expense ratio of this PRSVX is 0.83%. The last dividend distributed was 0.26% in 2009. Morningstar granted a 4-star return rating for this fund for its achievement of 16 positive years and 6 negative years. The best achievement of this PRSVX was in 2003 with 36.43% and the worst was in 2008 with -28.61%. This best US stock fund has returned 25.23% over the past one year and 11.98% over the past decade.- Year 2017: 2.57% (YTD)
- Year 2016: 28.97%
- Year 2015: -4.70%
- Year 2014: 0.14%
- Year 2013: 32.74%
The quarter-end top holdings of this fund as of March 31, 2011 are 3D Systems, Aaron’s, East West Bancorp, Genesee & Wyoming, Innospec, Landstar System, Oasis Petroleum, ProAssurance, Progress Software and Raven Industries. These are the top 10 out of 345 holdings. The top 3 sector diversifications as of March 31, 2011 are Industrials & Business Services (23.7%), Financials (21.1%) and Information Technology (11.4%).
The fund total net asset is $7.8 billion. It also pays a small yield of 0.65% per year. The annual turnover rate is 11.7%.
Investment risks
Several investment risks include
- Principal risks
- Active management risk
- Stock investing risks
- Investment style risk
- Market capitalization risk
- REIT investing risk
The next fund will feature one of the fund listed in Kiplinger’s 25 Best Fund List and Money 70 Best Funds. This fund is known as T Rowe Price Small Cap Value fund. As my previous Vanguard Selected value fund, this fund is also known as value fund, though recently Morningstar has classified as small blend fund. As any small cap stock funds, this T Rowe Price fund is also very volatile. Small cap companies include any company which has a market capitulation between $300 million and $2 billion.
Investing in this asset class may provide additional portfolio diversification. Rule of thumb is having 5-10% of total asset in this type of fund classes. Investing in small cap fund may provide better return (i.e. high reward), though it does come with high risk.
Note: This fund may be closed to new investor on some brokerages, please check you brokerage for details. If you have a 401k account, please check with your administrator for details.
Other best small cap stock funds are:
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