T. Rowe Price | Small-Cap Value (PRVIX)

Investment Approach

Performance

Average Annual Total Returns1 ,2
Month End
6/30/17
Quarter End
6/30/17
1 Year 24.53% 24.53%
3 Years 7.65% 7.65%
5 Years 13.20% 13.20%
10 Years 7.58% 7.58%
Since Inception 11.80% 11.80%
Investor Class Inception Date June 30, 1988
I Class Inception Date August 28, 2015
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares.
The Small-Cap Value Fund – I Class charges a 1% redemption fee on shares held 90 days or less. The performance information shown does not reflect the deduction of the redemption fee; if it did, the performance would be lower.
Calendar Year Total Returns
2016 29.12%
 
Share Splits
as of 06/30/2017
Split Type N/A
Effective Date N/A
Pre-Split NAV N/A
Post-Split NAV

Annual Report

Fund Summary as of December 31, 2016

The Small-Cap Value Fund returned 28.97% in its fiscal year ended December 31, 2016, with the bulk of those gains coming in the second half of the period.

This return outpaced the gain of the Russell 2000 Index as well as those of our small-cap peers.

The fund modestly trailed the Russell 2000 Value Index—an outcome we might expect given our focus on higher-quality shares, which did not fare as well as heavily indebted or nonearning stocks in the robust rally.

Market Environment Stocks delivered very strong returns in the six months since our last report, and small-cap value stocks were among the very best performers. Investor sentiment got a boost from improving economic data in the second half of the year, which demonstrated that the slowdown in growth at the start of 2016 was likely temporary.

After having slowed dramatically in May, monthly payroll gains picked up substantially in the summer and maintained decent momentum through the remainder of the year.

The tightening labor market pushed up wages and boosted consumer confidence, which fed through to improved retail spending. The manufacturing sector slowed a bit in the summer but regained

The rebound in the housing sector continued, with home sales reaching peaks not seen since before the 2008–2009 collapse of the housing market. The passing of the November elections provided another boost to the stock market.

With the uncertainty resolved, and the bitterness of the campaign season subsiding, stocks broadly rose through the end of the year. Many market participants anticipated faster economic growth in response to proposed fiscal stimulus and possible deregulation.

Investors particularly favored companies that stand to benefit from lower corporate taxes, deregulation, and increased infrastructure and defense spending. The financials sector fared especially well, as investors looked forward not only to lighter regulation but also higher interest rates and lending margins.T.rowe-Annual-Report

Summary Prospectus

SUMMARY

Investment Objective

The fund seeks long-term capital growth by investing primarily in small companies whose common stocks are believed to be undervalued.

Investments, Risks, and Performance Principal Investment Strategies

Reflecting a value approach to investing, the fund will seek the stocks of companies whose current stock prices do not appear to adequately reflect their underlying value as measured by assets, earnings, cash flow, or business franchises.

Normally, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in companies with a market capitalization that is within or below the range of companies in the Russell 2000 Index.

As of December 31, 2016, the market capitalization range for the Russell 2000 Index was approximately $20.0 million to $13.4 billion.

The market capitalization of the companies in the fund’s portfolio and the Russell 2000 Index changes over time, and the fund will not sell a stock just because the company has grown to a market capitalization outside the range. The fund may, on occasion, purchase companies with a market capitalization above the range. Our in-house research team seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation.

In selecting investments, we generally look for some of the following:

• low price/earnings, price/book value, or price/cash flow ratios relative to the Russell 2000 Index, the company’s peers, or its own historical norm;

• low stock price relative to a company’s underlying asset values;

• above-average dividend yield relative to a company’s peers or its own historical norm;

• a plan to improve the business through restructuring; and

• a sound balance sheet and other positive financial characteristics. In pursuing its investment objective, the fund has the discretion to deviate from its normal investment criteria.

These situations might arise when the fund’s adviser believes a security could increase in value for a variety of reasons, including an extraordinary corporate event, a new product introduction or innovation, a favorable competitive development, or a change in management.

While most assets will typically be invested in U.S. common stocks, including real estate investment trusts (“REITs”) that pool money to invest in properties and mortgages, the fund may also invest in foreign stocks in keeping with the fund’s objectives.

The fund may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.

T.Rowe-Prospectus

Fact Sheet

INVESTMENT OBJECTIVE AND STRATEGY

The fund seeks long-term capital growth by investing primarily in small companies whose common stocks are believed to be undervalued. Focus on small-company stocks T. Rowe Price believes do not reflect their underlying value.

Intensive in-house research identifies undervalued stocks by considering, among other factors: – Low price/earnings, price/book value, and price/cash flow ratios – Solid financial characteristics – Stable or improving earnings and/or cash flow and sound or improving balance sheet.

BENEFITS AND RISKS

Small-cap stocks offer greater capital appreciation potential than large-company stocks. Flexibility to respond more quickly to changes in the marketplace. Small companies tend to be riskier than large companies.

T.Rowe-Fact-Sheet

Bridge Capital Advisors Partnership Program Prospectus

Partnership-Program-Application-Blank-1

Bridge Capital Advisors is an appointed representative of BCI International PLC which has become one of the lead investment groups in Asia, focussing the majority of their investments around Malaysia, Labuan, Hong Kong, Mainland China and Singapore.

Bridge Capital Advisors (BCI International PLC ), a member of the BCI International PLC group has over 20 years of experience and are authorized to offer a full range of trust services to both institutional and individual investors. BCI International PLC, a licensed trust company, is qualified and is duly registered to act as a Corporate Bond Trustee on behalf of Standard Chartered (Hong Kong) Limited with an un-restricted corporate guarantee from Standard Chartered Bank PLC  with the Malaysia Securities Commission, to also act as a licensed Trustee for Mutual Funds, Unit Trust Funds, Real Estate Investment Trusts (REITs) as well as Private Retirement Schemes (PRS).

BCI International PLC. IS REGULATED BY SECURITIES COMMISSION MALAYSIA & COMPANIES COMMISSION OF MALAYSIA.

BCI International PLC. IS REGULATED BY LABUAN FINANCIAL SERVICE AUTHORITY Company Number LL09900.

This document is important: If you are in any doubt as to the meaning of any information in this Prospectus or as to whether an investment in the BCI International PLC Investment Funds  or one of its sub-funds is suitable for you, you should consult your financial advisor. This is the Prospectus of BCI International PLC Partnership Plan valid as at 1 April 2017.

This Prospectus has been prepared by BCI international PLC (BCIIPLC) in accordance with the rules contained in the Labuan Financial Services Authority’s Handbook. The Company is incorporated in Labuan as an investment trust.

The Shareholders are not liable for the debts of the Company. BCIIPLC is the Authorised Corporate Director of the Company. BCIIPLC is responsible for the information contained in this Prospectus. To the best of its knowledge and belief (having taken all reasonable care to ensure that such is the case) the information contained in this document is in accordance with the facts, does not contain any untrue or misleading statement and does not omit anything likely to affect the importance of such information or any matters required to be included in it by the Labuan Financial Services Authority’s Handbook. BCIIPLC accepts responsibility for the Prospectus accordingly.

Please down load the full Partnership Program Application here

DOWNLOAD PARTNERSHIP PROGRAM PROSPECTUS

Fund Performance Reviews

Financial Times | Performance Review | T. RowePrice | Small-Cap Value Fund - I Class | PRVIX

FT | Performance Review | T. Rowe Price Small-Cap Value Fund I Class PRVIX

FT | Performance Review | T. Rowe Price Small-Cap Value Fund I Class PRVIX

T. Rowe Price | Performance Review | Small-Cap Value Fund - I Class | PRVIX

T. RowePrice | Performance Review | Small-Cap Value Fund - I Class

T. RowePrice | Performance Review | Small-Cap Value Fund – I Class

Morning Star | Performance Review | T.RowePrice Small-Cap Value Fund I Class PRVIX

MOrning Star Performance Review | T. Rowe Price Small-Cap Value Fund I Class PRVIX

MOrning Star Performance Review | T. Rowe Price Small-Cap Value Fund I Class PRVIX