Open to new Retail investors
Open to subsequent Retail investments Minimum initial investment $1,000,000, certain exceptions may apply. Minimum waived for I Classes offered through Workplace Retirement plans.
The fund seeks long-term growth of capital and a modest level of income.
The fund will normally invest at least 80% of net assets in the common stocks of companies in the financial services industry. In addition, the fund may invest in companies, such as data services or financial software providers, that derive at least 50% of their revenues from conducting business with the financial services industry.
Click on the risk spectrum below to view the funds in that category
The fund's investment program reflects our view that trends in financial services offer opportunities for significant long-term capital appreciation. For investors with broad exposure to equities, the fund provides a way to focus on an area of the economy undergoing substantial change and rapid growth. The potential rewards of investing in such a focused fund include higher returns than the overall market.
Since the fund's holdings are concentrated in the financial services industry, it will be less diversified and more volatile than stock funds investing in a broader range of industries. In general, the fund represents greater potential risk than a more diversified fund, although the dividends paid by financial services companies may moderate this risk to some extent. Financial services companies may be hurt when interest rates rise sharply, although not all companies are affected equally. The stocks may also be vulnerable to rapidly rising inflation
**This chart displays relative risk of each U.S. mutual fund listed using standard deviation of returns. Those values are provided in the bars at the top of the chart.
Methodology: We evaluate the standard deviation and its resulting placement within a specific risk/return category on an annual basis. A fund is generally placed in a risk/return category based on the 10-year standard deviation of its performance.
If a fund is less than 10 years old, the actual fund performance history is supplemented with the primary prospectus benchmark history to obtain a full 10-year history, or longest time period available up to 10 years.
For an Asset Allocation fund with less than 10 years of performance history, sub-strategy returns are used.
When a sub-strategy is less than 10 years old, the actual sub-strategy performance history is supplemented with benchmark history to obtain a full 10-year history, or longest time period available up to 10 years.
Risk return categories overlap; a fund with a standard deviation in the overlap between two categories, denoted by a plus (+), is placed so that its risk categorization is better aligned with anticipated return characteristics an investor may experience going forward at the discretion of T Rowe Price.
When a fund has a cash-like benchmark, denoted by a double plus (++), its standard deviation is estimated using only available fund returns. If the fund is less than 10 years old, benchmark returns are not used to obtain a full 10-year history because they would artificially suppress the volatility estimate.
All investments are subject to market risk, including the possible loss of principal. Standard deviation of returns, a measure of price volatility, is one measure of risk. Please consult the funds' prospectuses for a more complete discussion of the funds' risks.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.