T. Rowe Price Spectrum Diversified Equity Fund
PRSGX
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- T. Rowe Price Spectrum Diversified Equity Fund (PRSGX) is an open-end mutual fund that seeks long-term capital appreciation and growth of income, with current income as a secondary objective; it normally invests at least 80% of its net assets in equity securities by broadly diversifying among a set of underlying T. Rowe Price domestic and international equity mutual funds representing specific market segments including large-cap growth, large-cap value, large-cap core, all-cap opportunities, and blue chip growth, as well as a money market fund for liquidity. Top holdings include T. Rowe Price All-Cap Opportunities Fund Z Class (13.85%), T. Rowe Price U.S. Large-Cap Core Fund Z Class (13.72%), T. Rowe Price Value Fund Z Class (13.32%), T. Rowe Price Blue Chip Growth Fund Z Class (11.89%), and T. Rowe Price Growth Stock Fund Z Class (11.51%), providing exposure primarily to U.S. stocks (94.25%) across sectors such as technology (28.46%), financial services (15.12%), and consumer cyclical (10.87%), with minor non-U.S. allocations. The fund, classified in the large blend Morningstar category with a blend investment style, maintains a net expense ratio of 0.73%, total net assets of approximately $4.19 billion, and low portfolio turnover. Launched on June 29, 1990, the fund is managed by a team at T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland. Portfolio co-chairs Charles M. Shriver (since 2011) and Christina Dove Noonan (since 2025), alongside Toby Thompson (since 2020), oversee the fund's allocation strategy focused on reducing the impact of declining markets while benefiting from strong-performing segments. Recent developments include the appointment of Christina Noonan as co-chair of the Investment Advisory Committee in January 2025, enhancing the fund's management structure; the fund distributed dividends of $1.697 and capital gains of $1.45 per share in December 2024; and it continues to emphasize active diversification amid market volatility, with assets under management remaining stable around $4.2 billion as of late 2025. No major acquisitions, partnerships, or strategic shifts specific to the fund have been reported in the last 1-2 years, reflecting its consistent fund-of-funds approach within T. Rowe Price's U.S.-focused operations available to individual and institutional investors. The fund targets long-term investors seeking broad equity exposure with minimum initial investments of $2,500.