Morningstar Fund Report | 11/04/2025

T. Rowe Price Funds OEIC US Large Cap Growth Equity Fund C9 GBP Cap

Performance History	31/03/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	20.0	-26.0	41.2	35.0	-12.6
	+/-Cat	-1.9	-4.5	14.5	9.7	-2.1
	+/-B’mrk	-7.3	-2.8	9.2	-0.2	-0.4


Category: US Large-Cap Growth Equity
Category Benchmark: Morningstar US LM Brd Growt...

Key Stats
NAV 09/04/2025		GBP 22.41
Day Change		-2.90%
Morningstar Category™		US Large-Cap Growth Equity
IA (formerly IMA) Sector		North America
ISIN		GB00BD5FHX29
Fund Size (Mil) 09/04/2025		GBP 108.30
Share Class Size (Mil) 09/04/2025		GBP 53.61
Max Initial Charge		-
Ongoing Charge 10/02/2025		0.54%

Morningstar Research

Analyst Report	02/08/2024 Adam Sabban, Senior Analyst Morningstar, Inc
T. Rowe Price Large Cap Growth benefits from strong research resources and deep due diligence, earning its share classes and vehicles a Morningstar Analyst Rating of Silver or Bronze, depending on fees.Manager Taymour Tamaddon assumed control of...
Click here to read this analyst report on the underlying fund.

Morningstar Pillars
People	24
Parent	25
Process	24
Performance
Price

Investment Objective: T. Rowe Price Funds OEIC US Large Cap Growth Equity Fund C9 GBP Cap

To increase the value of its shares through growth in the value of its investments. The fund is actively managed and invests mainly in a diversified portfolio of shares from large capitalisation companies in the United States that have the potential for above-average and sustainable rates of earnings growth. Specifically, the fund invests at least 70% of total assets in shares and related securities of companies that are either incorporated in the United States of America or conduct most of their business there and that have a market capitalisation equal to or greater than the companies in the Russell 1000 Index.

Returns

Trailing Returns (GBP)	09/04/2025
YTD	-19.92
3 Years Annualised	7.89
5 Years Annualised	13.59
10 Years Annualised	-

12 Month Yield

0.00

Management

Manager Name Start Date
Taymour Tamaddon 29/05/2018
Jon Friar 01/04/2023
Inception Date 29/05/2018

Category Benchmark

Fund Benchmark	Morningstar Benchmark
Russell 1000 Growth NR USD	Morningstar US LM Brd Growth NR USD

Portfolio Profile for T. Rowe Price Funds OEIC US Large Cap Growth Equity Fund C9 GBP Cap	28/02/2025

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	99.21	0.00	99.21
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	0.79	0.00	0.79
Other	0.00	0.00	0.00

Top 5 Regions	%
United States	97.19
Canada	0.98
Latin America	0.77
Europe - ex Euro	0.59
Eurozone	0.47

Top 5 Sectors		%
	Technology	48.94
	Consumer Cyclical	13.92
	Healthcare	13.73
	Communication Services	11.69
	Financial Services	7.69

Top 5 Holdings	Sector	%
Microsoft Corp	Technology	9.64
Apple Inc	Technology	9.50
NVIDIA Corp	Technology	9.02
Amazon.com Inc	Consumer Cyclical	8.42
Meta Platforms Inc Class A	Communication Services	4.55

Increase Decrease New since last portfolio
T. Rowe Price Funds OEIC US Large Cap Growth Equity Fund C9 GBP Cap

Growth Of 1000 (GBP)

31/03/2025

	Fund: T. Rowe Price Funds OEIC US Large Cap Growth Equity Fund C9 GBP Cap
	Category: US Large-Cap Growth Equity
	Category Index: Morningstar US LM Brd Growth NR USD

Annual Returns (GBP)					31/03/2025
	2019	2020	2021	2022	2023	2024	31/03
Price Return	24.64	34.53	20.05	-26.03	41.21	35.04	-12.63
+/- Category	-2.58	3.38	-1.87	-4.50	14.51	9.69	-2.10
+/- Category Index	-4.69	2.62	-7.30	-2.76	9.18	-0.15	-0.43
% Rank in Category	77	30	73	76	15	12	75

Trailing Returns (GBP)			09/04/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-2.90	-2.35	-14.61
1 Week	-9.61	-1.81	-9.04
1 Month	-13.55	-2.90	-10.45
3 Months	-21.23	-1.88	-7.20
6 Months	-11.13	-1.65	-8.67
YTD	-19.92	-2.45	-8.42
1 Year	-3.76	1.57	-10.92
3 Years Annualised	7.89	3.73	-2.06
5 Years Annualised	13.59	2.68	-2.35
10 Years Annualised	-	-	-

Category: US Large-Cap Growth Equity
Category Index: Morningstar US LM Brd Growth NR USD

Quarterly Returns (GBP)				31/03/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2025	-12.63	-	-	-
2024	13.43	7.75	-3.71	14.74
2023	10.70	12.45	3.14	9.98
2022	-7.70	-17.31	7.46	-9.80
2021	0.47	11.70	3.25	3.60
2020	-8.00	28.01	7.11	6.65

Morningstar Rating™(Relative to Category)

31/03/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Above Average	Average
5-Year	Above Average	Average
10-Year	-	-	Not Rated
Overall	Above Average	Average

Click here to see our Methodology

Volatility Measurements

31/03/2025


3-Yr Std Dev	17.02 %
3-Yr Mean Return	11.67 %


3-Yr Sharpe Ratio	0.42

Modern Portfolio Statistics	31/03/2025	31/03/2025
	Standard Index	Best Fit Index
	Morningstar US LM Brd Growth NR USD	Morningstar US LM Brd Growth NR USD
3-Yr Beta	0.82	0.82
3-Yr Alpha	1.65	1.65

Investment Style Details

28/02/2025

Morningstar Style Box®

Equity Style

Size		Rel to Cat
Average Mkt Cap (Mil)	GBP 437993	-


Market Capitalisation	% of Equity
Giant	63.14
Large	23.62
Medium	12.99
Small	0.25
Micro	0.00

Valuations and Growth Rates	Equity Portfolio	Relative to Category
Price/Prospective Earnings	29.46	1.02
Price/Book	8.29	1.21
Price/Sales	4.50	0.88
Price/Cash Flow	19.61	1.00
Dividend-Yield Factor	0.48	0.75

Long-Term Projected Earnings Growth	13.02	1.02
Historical Earnings Growth	20.54	1.14
Sales Growth	14.00	1.33
Cash-Flow Growth	17.90	0.98
Book-Value Growth	14.49	1.08

Asset Allocation

28/02/2025

	% Long	% Short	% Net Assets
Stock	99.21	0.00	99.21
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	0.79	0.00	0.79
Other	0.00	0.00	0.00

World Regions

28/02/2025

	% of Equity	Relative to Category
United States	97.19	1.02
Canada	0.98	0.79
Latin America	0.77	1.31
United Kingdom	0.00	0.00
Eurozone	0.47	0.37
Europe - ex Euro	0.59	1.37
Europe - Emerging	0.00	-
Africa	0.00	-
Middle East	0.00	0.00
Japan	0.00	-
Australasia	0.00	-
Asia - Developed	0.00	0.00
Asia - Emerging	0.00	0.00

Sector Weightings

28/02/2025

	% of Equity	Relative to Category
Consumer Cyclical	13.92	0.91
Financial Services	7.69	0.77
Healthcare	13.73	1.22
Communication Services	11.69	0.95
Energy	0.56	0.65
Industrials	3.46	0.59
Technology	48.94	1.26

Top 10 Holdings

28/02/2025

	Portfolio NEW
Total Number of Equity Holdings	52
Total Number of Bond Holdings	0
Assets in Top 10 Holdings	57.95

Name	Sector	Country	% of Assets
Microsoft Corp		United States	9.64
Apple Inc		United States	9.50
NVIDIA Corp		United States	9.02
Amazon.com Inc		United States	8.42
Meta Platforms Inc Class A		United States	4.55
Alphabet Inc Class A		United States	4.44
Mastercard Inc Class A		United States	3.56
Intuit Inc		United States	3.09
Fiserv Inc		United States	2.89
Visa Inc Class A		United States	2.83

Increase Decrease New since last portfolio
Category: US Large-Cap Growth Equity

Management

Name of Company	T. Rowe Price UK Limited
Phone	-
Website	-
Address	60 Queen Victoria Street, London, United Kingdom,EC4N 4TZ
	London EC4N 4TZ
	United Kingdom

Domicile	United Kingdom
Legal Structure	Open Ended Investment Company
UCITS	Yes
Inception Date	29/05/2018

Fund Advisor(s)
T. Rowe Price International Ltd

Fund Manager	Taymour Tamaddon
Manager Start Date	29/05/2018
Career Start Year	2003

Education

Cornell University, B.S.

Dartmouth College (Tuck), M.B.A.



Biography
Taymour R. Tamaddon is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price Associates, Inc. He is also a vice president of the T. Rowe Price Institutional International Funds, Inc., and the T. Rowe Price International Funds, Inc. He joined the firm in 2004 after serving as a summer intern with T. Rowe Price in 2003, covering the eye care industry. Prior to this, Taymour was employed by Amazon.com in the areas of finance and merchandizing. He was also a consultant with Booz Allen and Hamilton, specializing in the energy industry.

Fund Manager	Jon Friar
Manager Start Date	01/04/2023



Biography
Jon Friar is associate portfolio manager of the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. Previously, he was the portfolio manager for the business service strategy in the U.S. Equity Division. Jon is a member of the Investment Advisory Committees of the US Dividend Growth Equity, US Large-Cap Core Growth Equity, Financial Services Equity, US Growth Stock, US Small-Cap Growth II Equity, US Value Equity, and US Structured Research Equity Strategies. He is a vice president of T. Rowe Price Group, Inc. Jon’s investment experience began in 2007, and he has been with T. Rowe Price since 2011, beginning in the U.S. Equity Division following financial companies. Previously, Jon was an intern covering health care facility outsourcers for the U.S. Equity Division in the summer of 2010. Prior to this, Jon was employed by Barclays Capital as an associate in structured product sales. Jon earned a B.A. in government and foreign affairs from the University of Virginia and an M.B.A. from the University of Virginia, Darden School of Business.

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	n/a
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	0.40%
Ongoing Charge	0.54%

Purchase Details

Minimum Investments
Initial	10000 GBP
Additional	500 GBP
Savings	-

Tax Free Savings Schemes
ISAs	Yes