# T. Rowe Price Institutional Small-Cap Stock Fund (TRSSX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/trssx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2000-03-31 The T. Rowe Price Institutional Small-Cap Stock Fund is primarily dedicated to investing in small-capitalization companies, allocating a minimum of 80% of its total net assets (including any capital acquired through borrowing for investment purposes) to their stock. The fund manager defines a "small company" based on its market value: a company qualifies if its market capitalization falls within or below the current range of firms included in either the Russell 2000® Index or the S&P SmallCap 600 Index. Alternatively, it also qualifies if its market value is lower than the three-year averag... ## Key Facts | Metric | Value | |---|---| | Price | $25.59 | | Expense Ratio | 0.66% | | Assets Under Management | $4.26B | | NAV | $25.59 | | Holdings Count | — | | Distribution Yield (TTM) | 10.07% | | Annual Distribution (TTM) | $2.58 /share | | Distribution Frequency | Annual | | 52-Week Range | $23.87 – $29.32 | | Beta | 1.01 | ## Latest Distribution - Amount: $2.5760 /share - Ex-date: 2025-12-17 - Pay date: 2025-12-18 ## Frequently Asked Questions ### What does TRSSX invest in? The T. Rowe Price Institutional Small-Cap Stock Fund is primarily dedicated to investing in small-capitalization companies, allocating a minimum of 80% of its total net assets (including any capital acquired through borrowing for investment purposes) to their stock. The fund manager defines a "small company" based on its market value: a company qualifies if its market capitalization falls within or below the current range of firms included in either the Russell 2000® Index or the S&P SmallCap 600 Index. Alternatively, it also qualifies if its market value is lower than the three-year average of the highest market capitalization of companies within those indices, determined as of December 31 for the three preceding years. While the portfolio predominantly consists of common shares of U.S. companies, the fund retains the flexibility to invest in international equities to meet its investment objectives. ### What is the expense ratio of TRSSX? T. Rowe Price Institutional Small-Cap Stock Fund (TRSSX) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TRSSX? T. Rowe Price Institutional Small-Cap Stock Fund (TRSSX) manages $4.26B 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 TRSSX actively managed or an index fund? TRSSX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TRSSX's is 0.66%) in exchange for the discretion to over- or under-weight positions. ### When was TRSSX launched? T. Rowe Price Institutional Small-Cap Stock Fund (TRSSX) launched in March 2000 and is managed by T. Rowe Price. ### How has TRSSX performed? TRSSX'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. ### Does TRSSX pay a dividend? T. Rowe Price Institutional Small-Cap Stock Fund (TRSSX) currently distributes little or no income. Trailing-twelve-month yield is 10.07%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TRSSX pay dividends? T. Rowe Price Institutional Small-Cap Stock Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TRSSX's dividend yield? TRSSX's trailing-twelve-month yield is 10.07%, calculated from the sum of dividends over the past year divided by the current price. ### When is TRSSX's next ex-dividend date? The most recently announced ex-dividend date for TRSSX was 2025-12-17. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will TRSSX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.66% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TRSSX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TRSSX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TRSSX cost more than a fund like VOO? TRSSX is actively managed (current expense ratio 0.66%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TRSSX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TRSSX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TRSSX (0.66%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/trssx - Distribution history: https://www.dividenddata.com/funds/trssx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/trssx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/trssx/expenses - Peer comparison: https://www.dividenddata.com/funds/trssx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.