T. Rowe Price Small-Cap Stock Fund Advisor Class

Frequently Asked Questions About PASSX

What does PASSX invest in?

The fund's core objective is to achieve substantial capital appreciation over an extended period. Typically, the fund allocates at least 80% of its net assets, including any capital acquired through borrowing for investment, to the equity securities of small companies. The management team defines a small company based on its market capitalization. Such companies must either possess a market cap that falls within or below the current range of constituents in the Russell 2000® Index or the S&P SmallCap 600 Index. Alternatively, a company is categorized as small if its market capitalization is less than the three-year average maximum market capitalization of firms within either index, using data as of December 31 for the three preceding years.

What is the expense ratio of PASSX?

T. Rowe Price Small-Cap Stock Fund Advisor Class (PASSX) charges an expense ratio of 1.17%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PASSX?

T. Rowe Price Small-Cap Stock Fund Advisor Class (PASSX) is one share class of a fund that manages $8.01B across all of its share classes (OTCFX, OTIIX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PASSX actively managed or an index fund?

PASSX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PASSX's is 1.17%) in exchange for the discretion to over- or under-weight positions.

When was PASSX launched?

T. Rowe Price Small-Cap Stock Fund Advisor Class (PASSX) launched in March 2000 and is managed by T. Rowe Price.

How has PASSX performed?

PASSX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.