Multi-Cap
Growth

T. Rowe Price Tax-Efficient Equity Fund

The fund seeks to maximize after-tax growth of capital by investing in companies across any size in the United States.

The investment process employs a buy-and-hold strategy to focus on attractively valued companies that exhibit growth characteristics.

Next, the research team combines fundamental, bottom-up analysis and top-down quantitative strategies to identify investment opportunities.

The team prefers high-quality companies having the potential for capital growth in the long term.

Then the team narrows the investable universe to a list of companies with sustainable revenue, earnings, and cash flow growth, capable management team, attractive business niches, and a durable competitive advantage.

The research team also assesses a company on the basis of valuation multiples such as earnings, and looks for companies that have the ability to pay dividends.

Then the manager constructs a diversified portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.

The fund may invest a portion of its net assets in the technology sector.

More Information

<300 characters