- What does TQAAX invest in?
- The fund aims to generate significant capital appreciation over the long term. It primarily achieves this by investing in the common stock of smaller companies with strong growth potential. Typically, at least 80% of the fund's net assets—including any capital acquired through borrowing for investment purposes—will be allocated to equity securities issued by U.S.-based small-capitalization companies focused on growth. The advisor defines these "small-cap growth companies" as those whose market value, at the time of acquisition, falls within the same range as companies comprising the MSCI US Small Cap Growth Index, an index specifically designed to identify U.S. small-cap firms demonstrating prominent growth attributes.
- What is the expense ratio of TQAAX?
- T. Rowe Price QM U.S. Small-Cap Growth Equity Fund Advisor Class (TQAAX) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is TQAAX?
- T. Rowe Price QM U.S. Small-Cap Growth Equity Fund Advisor Class (TQAAX) manages $9.70B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is TQAAX actively managed or an index fund?
- TQAAX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TQAAX's is 1.07%) in exchange for the discretion to over- or under-weight positions.
- When was TQAAX launched?
- T. Rowe Price QM U.S. Small-Cap Growth Equity Fund Advisor Class (TQAAX) launched in February 2017 and is managed by T. Rowe Price.
- How has TQAAX performed?
- TQAAX'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.
