T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX)
The investment seeks long-term growth of capital. The fund invests at least 80% of its net assets (including any borrowings for investment purposes) in equity securities issued by small- and mid-cap U.S. companies. The adviser expects to invest predominantly in common stocks. The adviser defines small- and mid-cap securities as those whose market capitalization, at the time of purchase, falls within the market capitalization range of the Russell 2500 Index.
Fund Info
US7799177073
Feb 26, 2016
$500,000
Mid-Cap
Blend
Expense Ratio
TQSIX has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) returned -3.66% year-to-date (YTD) and -2.54% over the past 12 months.
TQSIX
-3.66%
16.21%
-13.87%
-2.54%
10.98%
N/A
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of TQSIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.45% | -3.58% | -6.08% | -1.49% | 3.40% | -3.66% | |||||||
| 2024 | 0.24% | 5.45% | 5.53% | -5.55% | 4.63% | -1.84% | 6.65% | 0.50% | 1.00% | -1.44% | 9.21% | -12.42% | 10.44% |
| 2023 | 9.66% | -0.98% | -4.40% | -0.16% | -1.64% | 8.64% | 4.41% | -3.00% | -4.10% | -5.28% | 8.81% | 6.82% | 18.42% |
| 2022 | -6.75% | 0.85% | 0.15% | -6.43% | 1.96% | -9.23% | 10.57% | -3.56% | -8.78% | 10.28% | 5.22% | -10.28% | -17.43% |
| 2021 | -0.06% | 6.55% | 2.94% | 3.68% | -0.30% | -0.00% | 0.40% | 3.00% | -2.87% | 5.01% | -3.09% | 4.22% | 20.72% |
| 2020 | -1.18% | -8.67% | -19.55% | 13.09% | 6.51% | 0.36% | 4.39% | 3.39% | -3.02% | 1.08% | 13.51% | 5.66% | 11.37% |
| 2019 | 10.40% | 4.49% | -0.07% | 3.40% | -5.37% | 7.02% | 1.13% | -1.77% | 0.87% | 1.52% | 3.84% | 1.51% | 29.45% |
| 2018 | 3.84% | -4.58% | 0.49% | -0.21% | 3.73% | 0.27% | 2.23% | 3.17% | -0.64% | -9.42% | 1.57% | -11.82% | -12.13% |
| 2017 | 1.69% | 2.13% | -0.15% | 1.47% | -1.45% | 1.78% | 1.14% | -0.75% | 3.64% | 2.12% | 3.15% | -0.07% | 15.60% |
| 2016 | 7.34% | 0.47% | 2.43% | 0.73% | 4.25% | 0.95% | 0.26% | -2.83% | 8.11% | 2.11% | 25.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TQSIX is 16, meaning it’s performing worse than 84% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund (TQSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund provided a 0.77% dividend yield over the last twelve months, with an annual payout of $0.17 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.15 | $0.14 | $0.10 | $0.06 | $0.08 | $0.08 | $0.07 | $0.08 |
Dividend yield | 0.77% | 0.74% | 0.71% | 0.79% | 0.47% | 0.34% | 0.50% | 0.64% | 0.49% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2016 | $0.08 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund was 40.65%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund drawdown is 16.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.65% | Feb 21, 2020 | 22 | Mar 23, 2020 | 166 | Nov 16, 2020 | 188 |
| -27.75% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
| -24.23% | Aug 30, 2018 | 80 | Dec 24, 2018 | 216 | Nov 1, 2019 | 296 |
| -23.29% | Nov 17, 2021 | 215 | Sep 26, 2022 | 349 | Feb 15, 2024 | 564 |
| -9.77% | Jan 29, 2018 | 9 | Feb 8, 2018 | 91 | Jun 20, 2018 | 100 |
Volatility
Volatility Chart
The current T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund volatility is 10.95%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.