A news release said the fund seeks long-term capital growth with moderate risk by investing in a concentrated portfolio across the spectrum of both value and growth large-cap domestic stocks. The fund will be available via Advisor Class shares offered through the adviser channel as well as to retail customers, the company said.
The portfolio, constructed of 50 to 75 companies, selects the top picks from the company’s equity analysts. Normally, the fund will invest at least 80% of its net assets in the stocks of U.S. large-cap companies.
The new fund will be managed by Jeff Rottinghaus, who has developed a successful track record during his eight years with T. Rowe Price, both as an analyst and portfolio manager. After joining the firm as an analyst covering technology, Rottinghaus became the portfolio manager of the T. Rowe Price Global Technology Fund from 2006- 2008.
The minimum initial investment in both the U.S. Large-Cap Core Fund (TRULX) and the U.S. Large-Cap Core Fund-Advisor Class (PAULX) is $2,500 or $1,000 for retirement plans or gifts or transfers to minors (UGMA/UTMA) accounts.
More information is available at www.troweprice.com.