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
| ISIN | US7799177073 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Feb 26, 2016 |
| Category | Mid Cap Blend Equities |
| Min. Investment | $500,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
TQSIX features an expense ratio of 0.68%, falling within 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 had a return of 25.13% year-to-date (YTD) and 45.22% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 25.13% | 25.82% |
| 1 month | 6.02% | 3.20% |
| 6 months | 13.95% | 14.94% |
| 1 year | 45.22% | 35.92% |
| 5 years (annualized) | 13.73% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.24% | 5.45% | 5.53% | -5.55% | 4.63% | -1.84% | 6.65% | 0.50% | 1.00% | -1.44% | 25.13% | ||
| 2023 | 9.66% | -0.98% | -4.40% | -0.16% | -1.64% | 8.64% | 4.41% | -3.00% | -4.10% | -5.28% | 8.81% | 10.04% | 21.99% |
| 2022 | -6.75% | 0.85% | 0.15% | -6.43% | 1.96% | -9.23% | 10.56% | -3.56% | -8.78% | 10.28% | 5.22% | -5.43% | -12.97% |
| 2021 | -0.06% | 6.55% | 2.94% | 3.68% | -0.30% | -0.00% | 0.40% | 3.00% | -2.87% | 5.01% | -3.09% | 5.43% | 22.12% |
| 2020 | -1.18% | -8.67% | -19.55% | 13.09% | 6.51% | 0.36% | 4.39% | 3.39% | -3.02% | 1.08% | 13.51% | 6.18% | 11.92% |
| 2019 | 10.40% | 4.49% | -0.07% | 3.40% | -5.37% | 7.02% | 1.13% | -1.77% | 0.87% | 1.52% | 3.84% | 2.28% | 30.43% |
| 2018 | 3.84% | -4.58% | 0.49% | -0.21% | 3.73% | 0.27% | 2.23% | 3.17% | -0.64% | -9.42% | 1.57% | -10.46% | -10.78% |
| 2017 | 1.69% | 2.13% | -0.16% | 1.47% | -1.45% | 1.78% | 1.14% | -0.75% | 3.64% | 2.12% | 3.15% | 0.36% | 16.09% |
| 2016 | 7.34% | 0.47% | 2.43% | 0.73% | 4.25% | 0.95% | 0.26% | -2.83% | 8.11% | 2.36% | 26.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TQSIX is 74, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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 0.57% dividend yield over the last twelve months, with an annual payout of $0.15 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.14 | $0.10 | $0.06 | $0.08 | $0.08 | $0.07 | $0.08 |
Dividend yield | 0.57% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.65% | Feb 18, 2020 | 25 | Mar 23, 2020 | 166 | Nov 16, 2020 | 191 |
| -23.07% | Aug 30, 2018 | 80 | Dec 24, 2018 | 145 | Jul 24, 2019 | 225 |
| -22.4% | Nov 17, 2021 | 215 | Sep 26, 2022 | 303 | Dec 8, 2023 | 518 |
| -9.77% | Jan 29, 2018 | 9 | Feb 8, 2018 | 91 | Jun 20, 2018 | 100 |
| -7.91% | Jul 17, 2024 | 16 | Aug 7, 2024 | 17 | Aug 30, 2024 | 33 |
Volatility
Volatility Chart
The current T. Rowe Price QM U.S. Small & Mid-Cap Core Equity Fund volatility is 5.23%, 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.