T. Rowe Price Small-Cap Value Fund
PASVX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Mar 31, 2000
- CIK
- 0000834798
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Small-Cap Value Fund (PASVX) is an actively managed open-end mutual fund that seeks long-term capital growth by investing primarily in common stocks of small-cap companies believed to be undervalued; it employs a bottom-up stock selection process emphasizing internal research to identify high-quality businesses trading at attractive valuations relative to their fundamentals. The fund's portfolio typically features diversified holdings across sectors such as financial services (approximately 26%), industrials (13%), consumer cyclical (10%), real estate (10%), healthcare (8%), technology (7%), energy (7%), utilities (6%), and basic materials (5%), with top positions including Pinnacle Financial Partners Inc., Columbia Banking System Inc., PennyMac Financial Services Inc., SouthState Corp., and Mirion Technologies Inc.; it maintains a holdings turnover of around 32% and allocates predominantly to U.S. stocks (91%), with minor exposure to non-U.S. stocks (4%), cash (1%), and other assets. PASVX, the Advisor Class shares of the broader Small-Cap Value strategy, operates with a net expense ratio of 1.16%, daily pricing, a minimum initial investment of $2,500, and availability primarily to U.S. investors through financial intermediaries. Launched on June 30, 1988, and managed by J. David Wagner since June 30, 2014, the fund is part of T. Rowe Price Group Inc.'s mutual fund lineup, with assets under management exceeding $9.7 billion as of late 2025; it is domiciled in the United States and headquartered alongside the parent firm in Baltimore, Maryland. In recent developments, the fund's portfolio saw strategic adjustments as of September 30, 2025, including new purchases such as Scorpio Tankers for its modern mid-size product tanker fleet at an attractive valuation and Grocery Outlet Holding, amid a market environment favoring speculative small-caps; the strategy continued to emphasize long-term horizons and best-in-class businesses despite short-term underperformance versus the Russell 2000 Value Index in Q3 2025, driven by stock selection in information technology, communication services, and energy. On a broader firm level, T. Rowe Price announced a significant strategic alliance with Goldman Sachs Group Inc. in September 2025, under which Goldman committed up to $1 billion in T. Rowe Price common stock to collaborate on public and private market investment products for retirement savers, wealth investors, financial advisors, and plan sponsors, with launches targeted for mid-2026; this partnership enhances access to private markets alongside the firm's active strategies like PASVX. Additionally, T. Rowe Price expanded its overall offerings in November 2025 with four new active fixed-income ETFs—Short Municipal Income (TMNS), Long Municipal Income (TMNL), High Income Municipal (THYM), and Multi-Sector Income (TMSF)—bringing its active ETF roster to 28 funds, reflecting a push into tax-efficient, intraday-tradable products complementary to mutual funds such as PASVX.