T. Rowe Price All-Cap Opportunities Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.3%
1 yr return
29.5%
3 Yr Avg Return
6.3%
5 Yr Avg Return
16.7%
Net Assets
$12.7 B
Holdings in Top 10
34.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.66%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 75.40%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PNAIX - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return 16.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.04%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameT. Rowe Price All-Cap Opportunities Fund
-
Fund Family NameTROWEPRICE
-
Inception DateDec 17, 2015
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJustin White
Fund Description
The fund invests primarily (at least 65% of its total assets) in common stocks of U.S. companies operating in those sectors of the economy that, in the adviser’s view, are the fastest growing or have the greatest growth potential. While the fund generally takes a growth approach to stock selection, the fund has the flexibility to opportunistically invest in companies with either growth or value characteristics. Growing companies that are positioned to benefit from dynamic technological, social, medical, and business developments that help define the current U.S. economic landscape can be found across an array of industries. The fund’s allocation to industry sectors will generally reflect such factors as the overall revenue growth of the component companies in a sector and the sector’s contribution to U.S. gross domestic product from year to year.
Holdings range from large-cap to small-cap companies. In selecting stocks, the adviser looks for many characteristics, typically including, but not limited to:
·earnings growth rates that generally exceed that of the average company in the Russell 3000® Index;
·favorable company fundamentals, such as a strong balance sheet, sound business strategy, and promising competitive positioning;
·effective management; or
·stock valuations, such as price/earnings or price/cash flow ratios, that seem reasonable relative to the company’s prospects.
At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector.
While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s).
PNAIX - Performance
Return Ranking - Trailing
Period | PNAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.3% | -12.8% | 20.4% | 25.78% |
1 Yr | 29.5% | -24.9% | 62.2% | 61.73% |
3 Yr | 6.3%* | -30.4% | 21.5% | 28.27% |
5 Yr | 16.7%* | -16.7% | 27.8% | 6.07% |
10 Yr | N/A* | -6.0% | 18.7% | 2.30% |
* Annualized
Return Ranking - Calendar
Period | PNAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.7% | -65.6% | 72.4% | 80.61% |
2022 | -23.7% | -85.9% | 4.7% | 10.11% |
2021 | -0.1% | -52.4% | 60.5% | 73.67% |
2020 | 24.8% | -34.3% | 145.0% | 55.94% |
2019 | 26.0% | -21.8% | 49.4% | 42.84% |
Total Return Ranking - Trailing
Period | PNAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.3% | -12.8% | 20.4% | 25.78% |
1 Yr | 29.5% | -24.9% | 62.2% | 61.73% |
3 Yr | 6.3%* | -30.4% | 21.5% | 28.27% |
5 Yr | 16.7%* | -16.7% | 27.8% | 6.07% |
10 Yr | N/A* | -6.0% | 18.7% | 2.21% |
* Annualized
Total Return Ranking - Calendar
Period | PNAIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 29.2% | -4.6% | 72.4% | 76.28% |
2022 | -21.2% | -61.7% | 5.6% | 14.25% |
2021 | 21.0% | -39.8% | 118.1% | 57.30% |
2020 | 44.9% | 2.8% | 149.2% | 22.30% |
2019 | 35.2% | -5.2% | 49.4% | 32.21% |
NAV & Total Return History
PNAIX - Holdings
Concentration Analysis
PNAIX | Category Low | Category High | PNAIX % Rank | |
---|---|---|---|---|
Net Assets | 12.7 B | 242 K | 269 B | 18.12% |
Number of Holdings | 107 | 2 | 3211 | 20.95% |
Net Assets in Top 10 | 3.97 B | 109 K | 111 B | 23.98% |
Weighting of Top 10 | 34.82% | 0.7% | 100.3% | 87.85% |
Top 10 Holdings
- MICROSOFT CORP 7.61%
- APPLE INC 5.52%
- VISA INC 3.34%
- AMAZON.COM INC 3.29%
- ALPHABET INC 3.26%
- NVIDIA CORP 3.05%
- META PLATFORMS INC 3.03%
- ELI LILLY CO 2.00%
- UBER TECHNOLOGIES INC 1.90%
- HOME DEPOT INC/THE 1.82%
Asset Allocation
Weighting | Return Low | Return High | PNAIX % Rank | |
---|---|---|---|---|
Stocks | 97.37% | 0.00% | 130.05% | 78.61% |
Cash | 1.49% | 0.00% | 99.00% | 40.35% |
Preferred Stocks | 1.13% | 0.00% | 7.84% | 4.94% |
Other | 0.00% | -43.49% | 50.04% | 83.55% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 84.07% |
Bonds | 0.00% | 0.00% | 104.29% | 84.24% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PNAIX % Rank | |
---|---|---|---|---|
Technology | 23.28% | 0.00% | 65.70% | 90.39% |
Consumer Cyclical | 18.04% | 0.00% | 62.57% | 32.12% |
Healthcare | 17.30% | 0.00% | 39.76% | 15.84% |
Financial Services | 12.37% | 0.00% | 43.06% | 26.15% |
Communication Services | 10.87% | 0.00% | 66.40% | 45.28% |
Industrials | 7.65% | 0.00% | 30.65% | 30.30% |
Energy | 4.31% | 0.00% | 41.09% | 11.77% |
Basic Materials | 3.16% | 0.00% | 18.91% | 15.84% |
Utilities | 3.03% | 0.00% | 16.07% | 4.24% |
Real Estate | 0.00% | 0.00% | 16.05% | 94.72% |
Consumer Defense | 0.00% | 0.00% | 25.50% | 98.61% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PNAIX % Rank | |
---|---|---|---|---|
US | 96.84% | 0.00% | 130.05% | 72.38% |
Non US | 0.54% | 0.00% | 78.10% | 29.44% |
PNAIX - Expenses
Operational Fees
PNAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.66% | 0.01% | 28.71% | 78.56% |
Management Fee | 0.64% | 0.00% | 1.40% | 54.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | 11.45% |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
PNAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PNAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PNAIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 75.40% | 0.00% | 316.74% | 82.70% |
PNAIX - Distributions
Dividend Yield Analysis
PNAIX | Category Low | Category High | PNAIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.31% | 0.00% | 28.16% | 9.62% |
Dividend Distribution Analysis
PNAIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
PNAIX | Category Low | Category High | PNAIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.04% | -6.13% | 1.75% | 28.29% |
Capital Gain Distribution Analysis
PNAIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $3.343 | OrdinaryDividend |
Dec 16, 2022 | $1.726 | OrdinaryDividend |
Dec 14, 2018 | $0.170 | OrdinaryDividend |
PNAIX - Fund Manager Analysis
Managers
Justin White
Start Date
Tenure
Tenure Rank
Apr 01, 2016
6.17
6.2%
Justin White is a portfolio manager in the U.S. Equity Division of T. Rowe Price. Prior to his current role, Mr. White was an equity analyst covering Internet infrastructure companies and cable/satellite and U.S. telecom companies. He is a vice president of T. Rowe Price Group, Inc. Mr. White joined the firm in 2008 after serving as an equity summer intern for T. Rowe Price in 2007. Prior to this, he was a senior analyst at the Analysis Group in Washington, D.C. Mr. White earned an A.B., magna cum laude, in applied mathematics and economics from Dartmouth College and an M.B.A. from the Tuck School of Business at Dartmouth, where he was a member of Phi Beta Kappa, graduated with highest distinction, and was an Edward Tuck Scholar. He also has earned the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.26 | 2.92 |