VT T. Rowe Price® Small Cap Stock Fund, Class Adv1,2,3,4 | |
NOTE: The VT T. Rowe Price® Small Cap Stock Fund invests 100 percent of assets in the T. Rowe Price® Small-Cap Stock Fund (Adv Class). | |
Objective: The investment seeks to provide long-term capital growth. The fund will normally invest at least 80% of assets in stocks of small companies. The holdings will be widely diversified by industry and company. Under most circumstances, it will invest less than 1.5% of assets in any single company. While the fund invests most assets in U.S. common stocks, it may also purchase other securities including foreign stocks, futures, and options.
Fund Facts
| Ticker Symbol: | PASSX |
| Inception Date: | March 31, 2000 |
| Morningstar Category | Small Blend |
| As of Nov 30, 2009 | |
| Total Net Assets ($millions) | $203 |
Expense RatioAs of May 1, 2009
| Gross Expense Ratio | 1.14% | |
| Net Expense Ratio | 1.14% | |
Documents
ProspectusPerformance
Standard PerformanceAs of Dec 31, 2009
| Fund/Benchmark Name | 4th Qtr | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| VT T. Rowe Price Sm Cap Stock | 4.90% | 38.18% | 38.18% | -3.42% | 1.87% | N/A | 5.42% |
| Russell 2000 Indexa | 3.87% | 27.17% | 27.17% | -6.07% | 0.51% | 3.51% | N/A |
| Morningstar Small Blendb | 4.64% | 31.80% | 31.80% | -6.11% | 0.47% | 5.85% | N/A |
Returns for periods greater than one year are annualized. The performance data quoted represents past performance. Past performance is no guarantee of future results. 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. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240. Para asistencia en Español llame al 800-669-8216. Performance data current to the most recent quarter end is available by visiting www.icmarc.org. | |||||||
Indexes are not available for direct investment, are unmanaged, and do not reflect the costs of portfolio management or trading. A fund's portfolio may differ significantly from the securities held in the indexes. | |
| a. | The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. |
|---|---|
| b. | The Morningstar Small Blend Funds Average is an equal-weighted average of all Small Blend funds, as identified by Morningstar, Inc. |
Morningstar Classifications and Ratings
Morningstar Category: Small Blend
Morningstar Rating‡As of Dec 31, 2009
| Stars | Category Size | |
|---|---|---|
| Overall |  | 566 |
| 5-Year | | 467 |
| 3-Year | | 566 |
Morningstar StyleboxAs of Dec 31, 2009
| Equity Stylebox | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Allocation of Assets**As of Sep 30, 2009
| Type of Asset | % |
|---|---|
| Equity | 96% |
| Fixed Income | 0% |
| Cash/Other | 4% |
**Due to rounding, percentages shown may not add up to 100%.
‡For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. |
Copyright © 2010 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. |
Characteristics
Top Ten HoldingsAs of Sep 30, 2009
| Holding Name | Percent |
|---|---|
| T. Rowe Price Reserve | 3.1% |
| Palm, Inc. | 1.0% |
| FactSet Research Systems, Inc. | 1.0% |
| A.O. Smith Corporation | 1.0% |
| Valmont Industries, Inc. | 1.0% |
| Bill Barrett Corporation | 1.0% |
| J. Crew Group, Inc. | 1.0% |
| Seacor Holdings, Inc. | 0.9% |
| Ann Taylor Stores Corporation | 0.9% |
| Concho Resources, Inc. | 0.9% |
Allocation of Assets**As of Sep 30, 2009
| Asset Class | Percent |
|---|---|
| Domestic Stock | 94.3% |
| Foreign Stock | 1.7% |
| Domestic Bond | 0.0% |
| Foreign Bond | 0.0% |
| Preferred | 0.0% |
| Convertible | 0.2% |
| Cash | 3.2% |
| Other | 0.6% |
**Due to rounding, percentages shown may not add up to 100%.
Sector Distribution**As of Sep 30, 2009
| Sector | Percent |
|---|---|
| Financial Services | 18.2% |
| Industrial Materials | 15.9% |
| Healthcare | 9.4% |
| Business Services | 9.1% |
| Consumer Services | 9.0% |
| Hardware | 8.2% |
| Software | 6.6% |
| Energy | 5.7% |
| Consumer Goods | 4.6% |
| Telecom | 4.3% |
| Utilities | 3.6% |
| Media | 1.1% |
**Due to rounding, percentages shown may not add up to 100%.
Copyright © 2010 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. |
Statistics
Portfolio Statistics
| Statistic | Value |
|---|---|
| As Of Date: Nov 30, 2009 | |
| Total Net Assets ($millions) | $203 |
| As Of Date: Dec 31, 2009 | |
| Beta (5-year) | 1.15 |
| Alpha (5-year) | 2.31 |
| Standard Deviation (3-year) | 23.93 |
Copyright © 2010 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. |
Description
Principal Investment StrategiesAs of Dec 31, 2009
ManagementAs of Dec 31, 2009
Company
T. Rowe Price Institutional Equity Funds
100 East Pratt Street
Baltimore MD 21202
USA
www.troweprice.com
Asset Manager
- Gregory McCrickard
General Disclaimers
Some of the information in this profile was obtained from third-party sources. Although the information from third parties is believed to be accurate, it has not been independently verified by ICMA-RC.
Investment information can change rapidly and the changes can be significant, particularly in volatile markets. For this reason, "as of" dates are provided for sections and also for specific data where applicable. After the dates provided, the information should not be considered current.
A redemption fee may be assessed when you sell shares in a mutual fund. Regardless, all funds are monitored for frequent trading. Please refer to the Fund's prospectus for guidance on redemption fee and frequent trading terms. Also, refer to ICMA-RC's Frequent Trading Policy for more information.
Please read both the current applicable prospectus and MAKING SOUND INVESTMENT DECISIONS: A Retirement Investment Guide carefully for a complete summary of all fees, expenses, charges, financial highlights, investment objectives, risks and performance information. Investing in mutual funds and other investment vehicles involves risk, including possible loss of the amount invested. Investors should carefully consider the Fund's investment objectives, risks, charges and expenses before investing or sending money. The prospectus contains this and other information about the investment company. All Vantagepoint Funds invested through 401 or 457 plans are held through VantageTrust. The Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC. For a current prospectus, contact ICMA-RC Services, LLC.
To contact ICMA-RC Services, LLC call 800-669-7400 (TDD: 800-669-7471) or write to 777 North Capitol Street, NE, Washington, DC 20002-4240. You may also visit us on the Web at www.icmarc.org. Para asistencia en Español llame al 800-669-8216.
Fund Specific Footnotes
| 1. | Returns provided by Morningstar, Inc.™ Copyright © 2010. 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. ICMA-RC does not independently verify Morningstar data. |
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| 2. | This VantageTrust fund invests solely in the shares of a single designated third-party mutual fund. |
| 3. | T. Rowe Price® is a registered trademark of T. Rowe Price Group, Inc. - all rights reserved. |
| 4. | Funds that invest in small and/or mid-sized company stocks typically involve greater risks, particularly in the short-term, than those investing in large, more established companies. |