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The Value Fund seeks to provide long-term capital appreciation by selecting quality companies that we believe to be undervalued in the marketplace.
Invest in the Value Fund to benefit from:
Long-term growth potential.
As an undervalued company regains favor in the marketplace, its price will likely rise, increasing the potential for capital appreciation.Potentially lower volatility.
By investing in stocks that appear to be out of favor or underpriced, the fund may be less sensitive to market shifts and volatility than one investing in growth stocks.Low costs.
This fund's low cost relative to its peer group average1 creates additional value for your investments.Our deep experience.
A 21-year investment veteran, Mark Finn has been managing the fund since 2009. He and his team of in-house equity analysts evaluate key financial ratios to uncover underpriced stocks with strong potential to grow over time.
Morningstar RatingsTM are based on risk-adjusted returns. Click on “Overall Morningstar Rating” for the fund's 3-, 5-, and 10-year (if applicable) Morningstar RatingsTM.
Over 5252 of our investment professionals go out into the field to see firsthand how companies are performing.
Our skilled portfolio managers are driven by a passion for exploration and understanding.
We seek returns that go beyond the limitations of simply following an index.
Past performance cannot guarantee future results.
The fund's potential for price appreciation may be somewhat lower than one using a growth-focused strategy. The value approach to investing carries the risk that the market will not recognize a security's intrinsic value for a long time or that a stock judged to be undervalued may actually be appropriately priced.
*Morningstar rated the Value Fund 4-, 3-, 4-, and 4-stars among 1,128, 1,128, 1,069, and 822 Large Value funds for the overall rating and the 3-, 5-, and 10-year periods (as applicable) ending 2/29/2024, respectively.
The Morningstar RatingTM for funds, or "star rating," is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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.
Source for Morningstar data: ©2024 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. Past performance is no guarantee of future results.
1Source: Lipper Inc. The fund’s expense ratio was 40.50% lower than the Lipper Large-Cap Value Funds Average (0.72% for the fund versus 1.21% for the category average). The fund’s expenses are as of its fiscal year ended 12/31/2022, as shown in the prospectus dated 5/1/2023. Lipper expenses are based on fiscal year-end data available as of 12/31/2023.
2Investment professionals as of 12/31/2023. Figures include T. Rowe Price Associates, Inc. and its investment advisory affiliates including T. Rowe Price Investment Management, Inc.
202311-3230355.