Fund Evaluator:

T. Rowe Price Integrated US SMCC Eq Overview

T. Rowe Price Integrated US SMCC Eq (TQSMX) is an actively managed U.S. Equity Small Blend fund. T. Rowe Price launched the fund in 2016.

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.

About T. Rowe Price Integrated US SMCC Eq (TQSMX)

There are 2 members of the management team with an average tenure of 6.87 years: David Corris (2021), Prashant Jeyaganesh (2017). 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 Russell 2500 TR USD index with a weighting of 100%. T. Rowe Price Integrated US SMCC Eq has 366 securities in its portfolio. The top 10 holdings constitute 9.4% 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 SMCC Eq is part of the Equity global asset class and is within the U.S. Equity fund group. T. Rowe Price Integrated US SMCC Eq has 5.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.7%. There is 5.6% 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 SMCC Eq has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $581 million in total assets, which is below the $694 million average for the Small Blend 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.

TQSMX 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 SMCC Eq expense ratio is high compared to funds in the Small Blend category. T. Rowe Price Integrated US SMCC Eq has an expense ratio of 0.88%, which is 16% 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 Integrated US SMCC Eq has a portfolio turnover rate of 48%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 65% for the Small Blend category.

Recently, in the month of June 2026, T. Rowe Price Integrated US SMCC Eq returned 5.3%, which earned it a grade of D, as the Small Blend 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 Integrated US SMCC Eq has a trailing yield of 0.34%, which is below the 0.41% 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 SMCC Eq Grades

Year to date, the fund has returned 20.5%, 1.2 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), 20.2% over the past three years (grade of A) and 12.5% per year over the past five years (grade of A) and 13.2% per year over the past 10 years (grade of A).

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