T. Rowe Price U.S. Equity Research Fund (PCUZX)

Fund Assets	15.27B
Expense Ratio	n/a
Min. Investment	$2,500
Turnover	37.60%
Dividend (ttm)	0.70
Dividend Yield	1.16%
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	65.37
YTD Return	10.44%
1-Year Return	17.92%
5-Year Return	n/a
52-Week Low	49.90
52-Week High	66.16
Beta (5Y)	n/a
Holdings	308
Inception Date	Nov 23, 2021

About PCUZX

T. Rowe Price U.S. Equity Research Fund Z Class is a mutual fund designed to pursue long-term capital growth through diversified investments in U.S. equities. Utilizing a disciplined, research-driven portfolio construction process, the fund draws on the expertise of T. Rowe Price’s team of analysts, each specializing in particular industries. The analysts select and weight stocks within their sectors, under the oversight of the fund's portfolio managers, aiming to capture growth and income potential across the market spectrum. The fund typically holds a broad mix of large, medium, and small-cap companies, with a notable concentration in leading technology and consumer sectors. Major holdings include prominent names such as Apple, Microsoft, NVIDIA, Amazon, and Meta Platforms, reflecting an emphasis on innovative, market-leading businesses. The Z Class share structure, typically available to institutional clients and funds-of-funds, features no minimum initial investment and aims to keep operating expenses low for eligible investors. The fund benchmarks its performance against key indices like the S&P 500 and Russell 3000, and it is recognized for its role in providing diversified, research-driven U.S. equity exposure within multi-asset or institutional portfolios.

• Fund Family: T. Rowe Price
• Category: Large Blend
• Stock Exchange: NASDAQ
• Ticker Symbol: PCUZX
• Share Class: -z Class
• Index: S&P 500 TR

Performance

PCUZX had a total return of 17.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.03%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FALCX	Fidelity	Fidelity Rutland Square Trust II - Strategic Advisers Large Cap Fund	0.24%
FLCEX	Fidelity	Fidelity Large Cap Core Enhanced Index Fund	0.39%
VQNPX	Vanguard	Vanguard Growth & Income Inv	0.36%
FMGKX	Fidelity	Fidelity Magellan K	0.40%
FMAGX	Fidelity	Fidelity Magellan	0.47%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PCCOX	-i Class	0.34%
PACOX	-advisor Class	0.83%
RRCOX	-r Class	1.17%

Top 10 Holdings

37.04% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	7.50%
Microsoft Corporation	MSFT	7.29%
Apple Inc.	AAPL	5.43%
Amazon.com, Inc.	AMZN	4.07%
Meta Platforms, Inc.	META	3.34%
Broadcom Inc.	AVGO	2.80%
Alphabet Inc.	GOOG	2.07%
Tesla, Inc.	TSLA	1.63%
JPMorgan Chase & Co.	JPM	1.48%
Eli Lilly and Company	LLY	1.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 13, 2023	$0.7044	Dec 14, 2023