Fund Evaluator:
T. Rowe Price Integrated US Sm Gr Eq (PRDSX)
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Best Performing in Small Growth Over the Last Year
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Fund Details
T. Rowe Price Integrated US Sm Gr Eq Overview
T. Rowe Price Integrated US Sm Gr Eq (PRDSX) is an actively managed U.S. Equity Small Growth fund. T. Rowe Price launched the fund in 1997.
The investment seeks long-term growth of capital by investing primarily in common stocks of small growth companies. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities issued by small-cap U.S. growth companies.
About T. Rowe Price Integrated US Sm Gr Eq (PRDSX)
There are 2 members of the management team with an average tenure of 2.16 years: David Corris (2024), Prashant Jeyaganesh (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and MSCI US Small Cap Growth GR USD index with a weighting of 100%. T. Rowe Price Integrated US Sm Gr Eq has 324 securities in its portfolio. The top 10 holdings constitute 14.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
T. Rowe Price Integrated US Sm Gr Eq is part of the Equity global asset class and is within the U.S. Equity fund group. T. Rowe Price Integrated US Sm Gr Eq has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.0%. There is 4.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Integrated US Sm Gr Eq has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above the $454 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PRDSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Integrated US Sm Gr Eq expense ratio is high compared to funds in the Small Growth category. T. Rowe Price Integrated US Sm Gr Eq has an expense ratio of 0.80%, which is 32% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Integrated US Sm Gr Eq has a portfolio turnover rate of 47%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 76% for the Small Growth category.
Recently, in the month of June 2026, T. Rowe Price Integrated US Sm Gr Eq returned 5.7%, which earned it a grade of D, as the Small Growth category had an average return of 6.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
T. Rowe Price Integrated US Sm Gr Eq has a trailing yield of 0.00%, which is below the 0.07% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
T. Rowe Price Integrated US Sm Gr Eq Grades
Year to date, the fund has returned 21.1%, 1.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 32.9% over the past year (grade of C), 17.0% over the past three years (grade of B) and 8.1% per year over the past five years (grade of A) and 12.4% per year over the past 10 years (grade of C).
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PRDSX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PRDSX Return (NAV) | 5.7% | 21.7% | 32.9% | 17.0% | 8.1% | 12.4% |
| PRDSX Grade | D | D | C | B | A | C |
| +/- Category | -0.7% | -3.0% | -0.8% | 0.6% | 3.5% | -0.1% |
| Small Growth Avg | 6.5% | 24.7% | 33.7% | 16.4% | 4.6% | 12.5% |
| PRDSX Tax Cost Ratio | na | na | 1.4% | 1.3% | 1.6% | 1.1% |
PRDSX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRDSX Return (NAV) | 21.1% | 10.1% | 12.9% | 21.2% | -22.4% | 11.3% | 23.8% | 32.8% | -6.9% | 22.1% | 11.3% |
| PRDSX Grade | C | B | C | A | A | C | F | B | D | C | B |
| +/- Category | -1.1% | 2.1% | -2.6% | 4.4% | 5.5% | 0.8% | -18.0% | 2.9% | -2.7% | -2.0% | 1.1% |
| Small Growth Avg | 22.1% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 17.4% |
| Total Risk Index: | 1.43 - High |
| Category Risk Index: | 0.87 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 1.14 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $9821 Mil |
| Fund Total Assets: | $4,202 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 47% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.2 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Corris David (2024), Jeyaganesh Prashant (2024) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 324 |
| % in Top 10 Holdings: | 14.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 95.0% |
| Foreign Stock: | 4.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | www.troweprice.com |
| Status: | Open |
| Inception Date: | June 30, 1997 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.80% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | T. Rowe Price Integrated US Sm Gr Eq |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
