Asset Class and Fund Objective:
Specialty broad U.S. stock fund, focusing on small capitalization stocks
Fund Type:
Mutual fund
Index or Active Strategy:
Active fund that attempts to beat the total return of the Russell 2000 Index
Management Type:
Actively Managed
 
Fees and Fund Expenses
The fund does not have sales charges on purchases or dividend reinvestments, deferred sales charges, redemption fees or exchange fees. Excessive trading restrictions may apply — see Detailed Fund Operations.
Fund Operating Expenses (deducted from your account as a percent of assets)
 
T. Rowe Price Small-Cap Stock Fund
Range of Fees in US Stock Funds
Range of Fees for Balanced Funds
Annual Fees in Percent of Assets
0.92
0.00%   -   0.90%
0.00%   -   0.00%
For a $10,000 Account You Would Pay
 
 
 
First Year Fee
$9
$0   -   $9
$0   -   $1
Total Fees over 30 Years in Today's Dollars
$320
$6   -   $320
$13   -   $17
Fees represent the most current information available and are subject to change without prior notice. Fees are net of any contractual reimbursements to you. Fees and expenses are only one of several factors that should be considered when making investment decisions.
Principal Investment Strategies and Risks of Investing in the Fund
The fund seeks long-term capital growth by investing at least 65% of total assets in stocks and equity-related securities of small companies. The fund defines a small company as having market capitalization that falls within the range of companies in the Russell 2000 Index. Stock selection may reflect either a growth or value investment approach. The fund believes that a broadly-diversified mix of small-cap growth and value stocks offers the opportunity to achieve both the higher returns associated with the growth sector and the reduced volatility associated with the value sector.
The fund's total return will fluctuate over a wide range, consistent with its reliance on investing in stocks. Investors in the fund should have a long-term investment horizon. The fund is not a complete investment program and returns may lag the returns of a balanced portfolio with comparable risk. The fund's emphasis on small-cap stocks may cause it to lag the returns of the broad U.S. stock market. The fund's strategy for outperforming its benchmark may cause it to lag the benchmark as the strategy relies on predictions and incurring trading costs through security turnover. Your investment in the fund is not a bank deposit and is not insured or guaranteed by the F.D.I.C. or any other government entity. It is possible to lose money investing in the fund and returns may not keep pace with inflation.
Asset Allocation as of
9/30/12
Cash
7.02%
Bonds
$fundVo.getAaBonds()
U.S. Stocks
90.38%
Foreign Stock
1.83%
Other
0.77%
 
 
Sector Exposure as of
9/30/12
Industrial Materials
17.91%
Financial Services
17.00%
Consumer Services
12.76%
Healthcare
11.20%
Hardware
10.02%
 
 
 
Regional Exposure as of
9/30/12
U.S. and Canada
98.86%
Europe
0.84%
Japan
$fundVo.getRegionJpn()
Latin America
$fundVo.getRegionLat()
Pacific Rim and other
0.30%
Other Portfolio Measures as of
9/30/12
Percent in Top 10 Holdings
16.16%
Number of Fund Holdings
332
Average Price Earnings Ratio
20.41
Turnover
23.70%
 
 
 
Data gathered from various third-party sources. Selector allocations are approximate and will vary over time.
Average Annual Returns and Risk for Periods Ending June 30, 2012
 
One Year
5 Years
10 Years
Average Annual Returns
 
 
 
Investment Fund
35.45%
5.88%
11.11%
Russell 2000 Index
31.91%
2.21%
10.17%
 
 
 
 
Average Annual Risk (Standard Deviation)
 
 
 
Investment Fund
18.06%
23.80%
18.80%
Russell 2000 Index *
18.51%
24.75%
20.34%
FRS Select Moderate Balanced Fund
7.23%
11.60%
9.37%
 
Prior to July 2002, actual historical performance data has been adjusted for fees and/or designs for multiple manager funds that are specific to the FRS.

Other Historical Risk Measures: 5 Year Period Ending June 30, 2012
 
T. Rowe Price Small-Cap Stock Fund
Range of Measure in US Stock Funds
Range of Measure for Balanced Funds
Beta vs. Benchmark *
93.92%
93.92%   -   104.95%
96.69%   -   99.51%
Tracking Error vs. Benchmark *
2.99%
0.09%   -   6.89%
0.40%   -   0.86%
Highest Quarterly Return
21.12%
14.88%   -   24.26%
4.58%   -   13.65%
Lowest Quarterly Return
-23.83%
-25.63%   -   -20.67%
-17.17%   -   -3.73%
Performance Alarms
1
0   -   2
0   -   1
 
Prior to July 2002, actual historical performance data has been adjusted for fees and/or designs for multiple manager funds that are specific to the FRS. Beta is the average percent change in the fund's return if there is a 1% change in the benchmark's return. Tracking Error is the standard deviation of the statistically unexplained difference between the fund's return and the benchmark return. Performance alarms are a statistical measure of underperformance relative to the benchmark. Multiple alarms may imply a higher risk of future underperformance.
You need to upgrade your Flash Player
 
See how $10,000 invested in this fund since plan/fund inception would have grown over time (based on unit value) in the Growth of $10,000 Chart on the MyFRS.com website.
Fund Management and Marketing
Investment Manager(s):
T Rowe Price
Portfolio Manager(s):
See Detailed Fund Operations
Marketing Company:
VALIC Retirement
 

Before You Choose a Fund in the FRS Investment Plan
Keep in mind that past performance does not guarantee future results. So before choosing, get objective, professional guidance on what specific funds would best fit your needs and the level of risk involved. Call the MyFRS Financial Guidance Line at 1-866-446-9377, Option 2 (TRS 711), or visit MyFRS.com for free guidance and additional information on this investment fund, including Financial Engines' Fund Score Card and Detailed Fund Operations. These reports discuss the investment strategies and other factors that may significantly affect the fund's performance. You can also make daily account transfers or withdrawals through these phone and online resources, unless the fund has transfer restrictions.
This profile is intended for use in connection with the FRS Investment Plan, pursuant to Florida law, and is not intended for use by other investors. Sections 121.4501(8)(b)4. and 121.4501(15)(b), Florida Statutes, incorporates the federal law concept of participant control, established by regulations of the U.S. Department of Labor under section 404(c) of the Employee Retirement Income Security Act of 1974. If you exercise control over the assets in your Investment Plan account, pursuant to section 404(c) regulations and all applicable laws governing the operation of the Investment Plan, no program fiduciary shall be liable for any loss to your account which results from your exercise of control.