Investment objective & strategy
As of Feb. 25, 2026 · prospectusObjective. The fund seeks long-term capital growth by investing primarily in common stocks of small, rapidly growing companies.
Strategy. The fund invests primarily in a diversified group of small, emerging growth companies, preferably early in their corporate life cycle before the companies become widely recognized by the investment community. The fund may also invest in companies that offer the possibility of accelerating earnings growth because of rejuvenated management, new products, or structural changes in the economy. The portfolio manager will not necessarily sell a position in a company that has grown beyond the developing stage if the company still fits the funds other investment criteria. When choosing stocks for the funds portfolio, the adviser tends to look for small, emerging growth companies that exhibit some or all of the following characteristics: ? effective management; ? operate in fertile growth … The fund invests primarily in a diversified group of small, emerging growth companies, preferably early in their corporate life cycle before the companies become widely recognized by the investment community. The fund may also invest in companies that offer the possibility of accelerating earnings growth because of rejuvenated management, new products, or structural changes in the economy. The portfolio manager will not necessarily sell a position in a company that has grown beyond the developing stage if the company still fits the funds other investment criteria. When choosing stocks for the funds portfolio, the adviser tends to look for small, emerging growth companies that exhibit some or all of the following characteristics: ? effective management; ? operate in fertile growth areas; ? demonstrate innovative research, product development, and marketing; ? provide efficient service; ? possess pricing flexibility; and ? employ sound financial and accounting policies. At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology, industrials, and health care sectors. While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s). The funds investments may include holdings in privately held companies and companies that only recently began to trade publicly.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| T Rowe Price Government Reserve Investment Fund | TRPGRIA | $700.23M | 5.48% |
| SITEONE LANDSCAPE SUPPLY INC | — | $224.64M | 1.76% |
| LATTICE SEMICONDUCTOR CORP | — | $214.05M | 1.68% |
| DUTCH BROS INC-A | — | $187.46M | 1.47% |
| NATERA INC | — | $182.67M | 1.43% |
| TELEDYNE TECHNOLOGIES INC | — | $177.37M | 1.39% |
| TECHNIPFMC PLC | — | $169.12M | 1.32% |
| FABRINET | — | $167.54M | 1.31% |
| KYMERA THERAPEUTICS INC | — | $162.16M | 1.27% |
| ARGENX SE SPONSORED ADR | — | $157.94M | 1.24% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund · PRDSX, TQAIX, TQAAX | 44% | 0.65% |
| T.Rowe Price Small Cap Growth Portfolio | 42% | 0.51% |
| Transamerica T. Rowe Price Small Cap VP | 41% | 0.83% |
Advisers
| Firm | Role |
|---|---|
| T. Rowe Price Associates, Inc. | Adviser |
Footnotes
- Expense ratio as of February 25, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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