Why T Rowe Price total equity market index?
T. Rowe Price Total Equity Market Index provides diversified, low-turnover exposure to the broader U.S. stock market. Its razor-thin expense ratio provides a durable competitive advantage over its peers, earning a Morningstar Analyst Rating of Silver.
How does the S&P total market index fund work?
The fund seeks to match the performance of the entire U.S. stock market by tracking the performance of its benchmark index, the S&P Total Market Index (S&P Index). The S&P Index is a broad-market index consisting of all eligible U.S. common equities, including large-, mid-, small-, and micro-cap stocks.
How much will the fund invest in the stock market?
Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks that are included in its benchmark index. The fund seeks to match the performance of the entire U.S. stock market by tracking the performance of its benchmark index, the S&P Total Market Index (S&P Index).
What is the parent pillar for pomix?
The Parent Pillar is our rating of POMIX’s parent organization’s priorities and whether they’re in line with investors’ interests. Morningstar will cease qualitative research coverage of this fund on or about March 9, 2022, in order to reallocate our analysts to research other strategies.
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Why do indexes weight?
Market-cap weighting may help diversify risks and lower unnecessary turnover. Thanks to the index’s wide reach and weighting scheme, the resulting portfolio provides an accurate representation of the investment opportunity set in the U.S. market.
Does market cap weighting affect stocks?
However, market-cap weighting can expose the index to significant stock- or sector-level concentration during the market’s intermittent manic episodes. This can tilt the portfolio to richly valued names or sectors, as was the case at the height of the technology bubble. Nonetheless, in the long run, the benefits of broad diversification, low turnover, and a low fee outweigh these drawbacks.
Will POMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Mutual Funds Research & Tools
Research similar Mutual Funds with higher ranks and performance ratings.
Fund Description
T. Rowe Price Total Equity Market Index was incepted in January 1998 and is managed by T. Rowe Price Associates. The objective of this fund is to match the total return of the entire U.S. stock market as represented by Wilshire 5000 Equity Index.
What is Morningstar style box?
The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.
Why do stocks drop?
Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling.
Why do stocks decline?
Stocks can decline for many reasons, including adverse political or economic developments here or abroad, changes in investor psychology, or heavy institutional selling. Actively managed funds may outperform this fund.
What is Morningstar rating?
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
What is a POMIX fund?
About POMIX. The investment seeks to match the performance of the entire U.S. stock market. Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks that are included in its benchmark index.
What is a S&P fund?
The investment seeks to match the performance of the entire U.S. stock market. Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks that are included in its benchmark index. The fund seeks to match the performance of the entire U.S. stock market. The fund uses the S&P Total Market Index (S&P Index) as its benchmark index.
