T. Rowe Price Extended Equity Market Index Fund |
PEXMX
Fund Status:
Open to new Retail investors
/
Open to subsequent Retail investments
Fund Objective
Quick Stats
| Fiscal Year End | December |
| Morningstar Category | Mid-Cap Blend |
| Inception Date | 01/30/1998 |
| Tax ID | 52-2077753 |
Investment Objective
The fund seeks to match the performance of the U.S. stocks not included in the S&P 500, which are primarily small- and mid-cap stocks. We use the S&P Completion Index to represent this universe.
Strategy
The Extended Equity Market Index Fund uses a sampling strategy, investing substantially all of its assets in a group of stocks representative of the S&P Completion Index. This fund does not attempt to fully replicate the index by owning each of the stocks in it. The index includes approximately 4,000 stocks.
Investors seeking capital appreciation over time who can accept the risk of loss inherent in common stock investing and the heightened risks associated with small- and mid-cap stocks. Appropriate for both regular and tax-deferred accounts, such as IRAs.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, “500”, and “S&P Completion Index” are marks/trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by T. Rowe Price. The Product is not sponsored, endorsed, sold, or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the Product.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, “500”, and “S&P Completion Index” are marks/trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by T. Rowe Price. The Product is not sponsored, endorsed, sold, or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the Product.
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Index investing provides investors with a convenient and relatively low-cost way to approximate the performance of a particular market. Because the fund is passively managed, its expenses are lower than the average actively managed fund. Assuming all other factors are equal, lower expenses can increase a fund's total return. Lower turnover should mean smaller capital gain distributions, which can raise a fund's after-tax returns.
Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling. The fund will be subject to the greater risks associated with small- and mid-cap stocks. Because the fund is designed to track the S&P Completion Index, it does not have the flexibility to shift assets toward stocks or sectors that are rising or away from stocks or sectors that are declining. As a result, actively managed funds may outperform this fund.
Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling. The fund will be subject to the greater risks associated with small- and mid-cap stocks. Because the fund is designed to track the S&P Completion Index, it does not have the flexibility to shift assets toward stocks or sectors that are rising or away from stocks or sectors that are declining. As a result, actively managed funds may outperform this fund.
*Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.
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