T. Rowe Price U.S. Large-Cap Core Fund
PAULX
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
FRC
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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
- Jun 26, 2009
- CIK
- 0001462712
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price U.S. Large-Cap Core Fund (Advisor Class) (PAULX) is a mutual fund that seeks long-term capital growth by investing at least 80% of its net assets in the common stocks of large-cap U.S. companies, defined as those with market capitalizations exceeding the range of the MSCI USA Large Cap Index or MSCI World Large Cap Index, typically above $10 billion as of December 31, 2024; it employs a fundamental, bottom-up research approach with a core investment style that balances growth and value characteristics, selecting stocks based on favorable company fundamentals, earnings potential, valuation, experienced management, above-average growth metrics, market position, and share repurchase potential. The fund may allocate significant assets to sectors such as information technology, as evidenced by top holdings including Microsoft Corp. (8.58%), NVIDIA Corp. (7.48%), Alphabet Inc. Class C (5.31%), Apple Inc. (4.04%), and Broadcom Inc. (3.58%), alongside consumer cyclical, financial services, and communication services names like Amazon.com Inc., Visa Inc., Meta Platforms Inc., JPMorgan Chase & Co., and Netflix Inc.; it also holds reserves in short-term instruments, money market securities, repurchase agreements, or currencies, and may use derivatives for exposure to its investment focus. Managed by an Investment Advisory Committee chaired by Shawn T. Driscoll since 2022, with committee members including Stephanie Beebe, Ryan S. Hedrick, and others, the fund is advised by T. Rowe Price Associates, Inc., headquartered at 100 East Pratt Street, Baltimore, Maryland, which oversaw approximately $1.61 trillion in assets under management as of December 31, 2024. Launched on June 26, 2009, for PAULX and Investor Class shares, the fund operates primarily in the U.S. large-blend equity segment, targeting individual and institutional investors through financial intermediaries or directly with T. Rowe Price, with share classes including Investor (TRULX), I (RCLIX), Advisor (PAULX), and Z (TRZLX), each featuring distinct expense ratios such as 0.96% for Advisor Class before waivers. Recent developments include a March 1, 2025, prospectus update reflecting ongoing expense limitation agreements through February 28, 2027, for Investor Class (capped at 0.64%) and full waivers for Z Class, alongside a portfolio turnover rate of 58.4% for the fiscal year ended December 31, 2024, and strong 2024 performance with 22.61% total return for PAULX, surpassing the S&P 500 Index's 25.02% but reflecting active management adaptations amid market volatility.