- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Jun 30, 1997
- Business
- T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund (PRDSX) is an open-end mutual fund that seeks long-term capital growth by investing primarily in equity securities of small-cap U.S. growth companies; it normally allocates at least 80% of its net assets (plus borrowings for investment purposes) to common stocks of such firms, with a focus on quantitative and fundamental analysis to identify companies exhibiting strong growth potential, high returns on capital, and attractive valuations relative to peers. The fund benchmarks its performance against indices including the Russell 2000 Growth Index, MSCI U.S. Small Cap Growth Index, and Russell 3000 Index, maintaining a diversified portfolio across sectors such as technology (approximately 27%), healthcare (19%), and industrials (19%), with top holdings including Rambus Inc., Fabrinet, and InterDigital Inc.. Launched on June 30, 1997, and domiciled in the United States with assets under management exceeding $8 billion, the fund is managed by T. Rowe Price Group, Inc., headquartered in Baltimore, Maryland.
Geographically, the fund concentrates on U.S. stocks (over 96% allocation), with minor exposure to non-U.S. equities in regions including Latin America, Canada, and Asia; it targets individual and institutional investors seeking exposure to the small-growth segment of the Morningstar Small Growth category. Minimum initial investments stand at $2,500 for retail shares ($1,000 for IRAs), with subsequent investments of $100, and a net expense ratio of 0.79%.
In recent developments, the fund underwent a name change on April 5, 2023, from T. Rowe Price QM U.S. Small-Cap Growth Equity Fund to its current designation, reflecting an integrated quantitative and fundamental investment approach; portfolio management transitioned to David Corris and Prashant Jeyaganesh effective May 1, 2024, following prior manager retirements. At the parent company level, T. Rowe Price Group completed the acquisition of Oak Hill Advisors in early 2025 for $7.5 billion to bolster private credit capabilities, announced a strategic collaboration with Goldman Sachs in September 2025 involving up to $1 billion in common stock investment, and transitioned to Charles River's enterprise investment management system in December 2025 to enhance operational efficiency. These moves support T. Rowe Price's broader strategy of organic growth complemented by selective inorganic expansions in alternatives and technology infrastructure.