T Rowe Price Extended Equity Market Index Fund Performance Review

The T Rowe Price Extended Equity Market Index Fund is designed to track the performance of the Russell 3000 Index, which includes about 98% of the U.S. stock market's capitalization.

The fund has a low expense ratio of 0.21%, which is significantly lower than the average expense ratio of actively managed funds.

The T. Rowe Price Extended Equity Market Index Fund has a straightforward set of details that are worth noting.

The fund's legal name is T. Rowe Price Extended Equity Market Index Fund, and it's a part of the T. Rowe Price family of funds.

It was first introduced on January 30, 1998, which is a significant date for the fund's history.

T. Rowe Price Extended Equity Market Index Fund is a US-based fund, with its shares denominated in USD.

Here are some key details about the fund:

T. Rowe Price Extended Equity Market Index has a unique approach to trading fees.

The Max Redemption Fee is not applicable to this fund, as it is listed as N/A (Not Applicable). This is a significant advantage for investors, as it eliminates the risk of incurring additional fees when redeeming their shares.

The absence of a Max Redemption Fee means that investors can liquidate their holdings without worrying about extra costs. This is especially important during times of market volatility or when investors need to access their funds quickly.

The PEXMX fund has delivered impressive returns over the years, with a 1-year return of 23.5% and a 5-year return of 10.2% (annualized).

In terms of ranking, the fund has consistently performed well, with a 1-year rank of 38.33% and a 5-year rank of 42.26%. This is a testament to the fund's ability to consistently deliver strong returns over time.

Here are some key performance metrics for the PEXMX fund:

The fund's performance has been particularly strong in the past few years, with a 2020 return of 30.8% and a 2024 return of 16.7%.

The Total Return Ranking is a key metric to understand how a fund or investment is performing compared to its peers. It's a way to gauge whether you're getting the best possible returns for your investment.

Looking at the data, we can see that in 2020, the PEXMX Return was 30.8%, which was significantly higher than the Category Return Low of 2.6%. This suggests that the investment performed exceptionally well that year.

In contrast, 2022 was a tough year for the investment, with a return of -26.0%. However, even in a bad year, the investment still managed to outperform the Category Return Low of -67.0%.

Here's a breakdown of the Total Return Ranking for different periods:

It's worth noting that the investment's returns can vary significantly from year to year. However, over the long term, the returns have been relatively consistent, with a 10-year return of 9.5% and a 5-year return of 10.2% (both annualized).

Performance is a key aspect of any investment, and PEXMX is no exception. Over the past 10 years, PEXMX has delivered a 9.5% return, ranking it in the 72.60% percentile of its category.

In terms of annualized returns, PEXMX has achieved 3.5% over the past 3 years and 10.2% over the past 5 years. These numbers give us a sense of the investment's long-term potential.

Here's a breakdown of PEXMX's performance over the past 10 years, in calendar years:

These numbers show that PEXMX has experienced significant fluctuations in its returns over the years, but has generally performed well in comparison to its category.

The T Rowe Price Extended Equity Market Index portfolio is a diverse mix of holdings. The top 10 holdings account for only 7.3% of the portfolio's assets, indicating a well-distributed investment strategy.

One of the top holdings is the T. Rowe Price Government Reserve Fund, which makes up 4.99% of the portfolio. This suggests a conservative approach to investing, with a focus on stable, low-risk assets.

The portfolio also includes a range of technology companies, such as MARVELL TECHNOLOGY INC and WORKDAY INC, which account for a significant portion of the portfolio's value. These holdings are likely to be significant drivers of the portfolio's performance.

Here's a breakdown of the top 10 holdings:

The portfolio's current date is October 31, 2024, and its market value is $9.6 million, with a sector weight of 0.97% in the Technology sector.

The portfolio holdings of a particular investment fund are a crucial aspect of understanding its overall performance and strategy. The top 10 holdings of this fund are listed, with the T. Rowe Price Government Reserve Fund holding the largest percentage at 4.99%.

The fund's portfolio is comprised of various sectors, with Technology being the largest at 23.65%. This sector includes notable holdings such as MARVELL TECHNOLOGY INC and WORKDAY INC, which hold a combined weight of 0.89% and 0.74% respectively.

The sector breakdown of the portfolio shows that Financial Services is another significant sector, holding 14.01% of the fund. The top 10 holdings of the fund are listed in the table below:

The current portfolio date is October 31, 2024, and the assets in the top 10 holdings account for 7.3% of the fund's total assets.

When it comes to understanding where our portfolio's investments are coming from, it's helpful to break it down geographically. In our stock breakdown, the US is the clear winner, making up a whopping 99.33% of our holdings.

The US segment has seen a return of 46.79% in its lowest point, and a return of 100.23% in its highest point. This is a significant variation, and it's worth keeping an eye on.

In contrast, the Non US segment is much smaller, making up a mere 0.00% of our holdings. However, it has shown a return of 33.15% in its highest point.

Here's a summary of our geographic breakdown:

The PEXMX % Rank shows that the US segment ranks 24.61% in its performance, while the Non US segment ranks 30.62%. This suggests that the US segment is performing relatively better than the Non US segment.