Fund Evaluator:
T. Rowe Price Financial Services (PRISX)
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Fund Details
T. Rowe Price Financial Services Overview
T. Rowe Price Financial Services (PRISX) is an actively managed Sector Equity Financial fund. T. Rowe Price launched the fund in 1996.
The investment seeks long-term growth of capital and a modest level of income. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks of companies in the financial services industry. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.
About T. Rowe Price Financial Services (PRISX)
There are 2 members of the management team with an average tenure of 3.42 years: Matt Snowling (2021), Gregory Locraft (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 IMI Financials 5% Capped index with a weighting of 100%. T. Rowe Price Financial Services has 93 securities in its portfolio. The top 10 holdings constitute 39.1% 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 Financial Services is part of the Equity global asset class and is within the Sector Equity fund group. T. Rowe Price Financial Services has 5.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.9%. There is 5.5% 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 Financial Services has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $947 million in total assets, which is above the $188 million average for the Financial 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.
PRISX 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 Financial Services expense ratio is high compared to funds in the Financial category. T. Rowe Price Financial Services has an expense ratio of 0.86%, which is 35% lower than its category average, making the fund expense ratio grade a B. 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 Financial Services has a portfolio turnover rate of 45%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Financial category.
Recently, in the month of June 2026, T. Rowe Price Financial Services returned 5.0%, which earned it a grade of D, as the Financial category had an average return of 5.9%. 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 Financial Services has a trailing yield of 0.91%, which is below the 1.05% 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 Financial Services Grades
Year to date, the fund has returned 2.2%, 2.5 percentage points worse than the category, which translates into a grade of C. The fund has returned 10.8% over the past year (grade of C), 23.4% over the past three years (grade of B) and 12.2% per year over the past five years (grade of A) and 15.3% per year over the past 10 years (grade of A).
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PRISX 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 |
|
| PRISX Return (NAV) | 5.0% | 11.3% | 10.8% | 23.4% | 12.2% | 15.3% |
| PRISX Grade | D | C | C | B | A | A |
| +/- Category | -0.9% | -0.8% | -3.0% | 2.0% | 3.9% | 4.0% |
| Financial Avg | 5.9% | 12.1% | 13.8% | 21.4% | 8.3% | 11.3% |
| PRISX Tax Cost Ratio | na | na | 1.9% | 1.6% | 1.4% | 1.5% |
PRISX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRISX Return (NAV) | 2.2% | 18.7% | 30.9% | 15.0% | -11.0% | 37.8% | 5.4% | 29.7% | -10.0% | 19.1% | 16.9% |
| PRISX Grade | C | B | B | B | B | B | B | C | A | C | D |
| +/- Category | -2.5% | 3.5% | 5.3% | 3.2% | 5.8% | 4.3% | 4.9% | 1.4% | 5.3% | 3.0% | -4.0% |
| Financial Avg | 4.7% | 15.3% | 25.6% | 11.8% | -16.8% | 33.6% | 0.5% | 28.3% | -15.3% | 16.1% | 20.9% |
| Risk Measures | |
| Standard Deviation: | 15.5% |
| Total Risk Index: | 1.28 - Above Average |
| Category Risk Index: | 0.82 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 0.82 |
| R-Squared: | 46% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1882 Mil |
| Fund Total Assets: | $ 947 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 45% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.0 years | |||
| Average Tenure: 3.4 years | |||
| Managers (Year): Snowling Matt (2021), Locraft Gregory (2024) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 93 |
| % in Top 10 Holdings: | 39.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.5% |
Portfolio Allocation |
|
| Domestic Stock: | 90.9% |
| Foreign Stock: | 5.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 2.9% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | T. Rowe Price |
| Phone Number: | 800-638-5660 |
| Website: | www.troweprice.com |
| Status: | Open |
| Inception Date: | September 30, 1996 |
| 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 (%): | 0.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.33% |
| Share Class: | T. Rowe Price Financial Services |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
