Investment objective & strategy
As of Feb. 25, 2026 · prospectusObjective. The fund seeks to provide long-term capital growth.
Strategy. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies with value characteristics. The fund considers a company to have value characteristics if the companys securities are represented in an appropriate third-party value-oriented index. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund invests primarily in U.S. equity securities. The fund uses a value style of investing. In taking a value approach to investment selection, the adviser seeks to identify companies that … The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies with value characteristics. The fund considers a company to have value characteristics if the companys securities are represented in an appropriate third-party value-oriented index. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. The fund invests primarily in U.S. equity securities. The fund uses a value style of investing. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies. The portfolio is typically constructed in a bottom up manner, an approach that focuses more on evaluations of individual stocks than on analysis of overall economic trends and market cycles. Sector allocations are largely the result of the funds focus on stock selection. At times, the fund may have a significant portion of its assets invested in the same economic sector.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ALPHABET INC CL C | — | $23.85M | 3.91% |
| EXXON MOBIL CORP | — | $15.36M | 2.52% |
| CONOCOPHILLIPS | — | $13.45M | 2.21% |
| AMAZON.COM INC | — | $12.52M | 2.05% |
| BANK OF AMERICA CORPORATION | — | $11.30M | 1.86% |
| SCHWAB CHARLES CORP | — | $11.16M | 1.83% |
| CHUBB LTD | — | $11.13M | 1.83% |
| PROCTER & GAMBLE | — | $10.02M | 1.64% |
| JPMORGAN CHASE and CO | — | $9.80M | 1.61% |
| CSX CORP | — | $9.79M | 1.61% |
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. |
|---|---|---|
| CTIVP - T. Rowe Price Large Cap Value Fund | 61% | 0.70% |
| T. Rowe Price Large-Cap Value Fund · TILCX, TRLUX | 59% | 0.56% |
| T. Rowe Price Large Cap Value Portfolio | 58% | 0.53% |
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. As reported in the fund's prospectus performance bar chart.
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