Release Date: 12-31-2017
T. Rowe Price Capital Appreciation Category Allocation—50% to 70% Equity
Overall Morningstar RatingTM
Investment Information from investment’s prospectus Investment Objective & Strategy The investment seeks long-term capital appreciation. The fund normally invests at least 50% of its total assets in stocks and the remaining assets are generally invested in convertible securities, corporate and government debt (including mortgage- and asset-backed securities), and bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders) in keeping with the fund's objective. It may also invest up to 25% of its total assets in foreign securities.
Morningstar Proprietary Statistics
Broad Asset Class: Balanced Combination of stocks, bonds and cash.
Morningstar Return Morningstar Risk High Above Average Out of 718 Allocation—50% to 70% Equity funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details. ★★★★★
Morningstar Rating Fund Rank Percentile Out of # of Investments
Portfolio Analysis as of 09-30-17 Composition as of 09-30-17 U.S. Stocks Non-U.S. Stocks Bonds Cash Other
% Assets 57.09 4.26 20.23 0.62 17.80
Morningstar Style BoxTM as of 09-30-17(EQ); 09-30-17(F-I)
Top 10 Holdings as of 09-30-17 Reserve Invt Fds 09-19-34 Marsh & McLennan Companies Inc Fiserv Inc Visa Inc Class A Bank of New York Mellon Corp
% Assets 13.67 2.87 2.75 2.65 2.26
Statistics as of 09-30-17 P/E Ratio P/B Ratio P/C Ratio GeoAvgCap($mil)
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Notes This material is authorized for client use only when preceded or accompanied by a Disclosure Statement, a current plan performance summary, and a fund prospectus and/or informational brochure containing more complete information. These can be obtained from your investment professional or your plan's website and should be read carefully before investing or sending money. Morningstar ratings reflect the reduction of the fund's expense ratio. However, your plan may charge an administrative fee and/or plan-level fee, which is not reflected in this rating. To determine a fund's star rating for a given period, the fund's Morningstar risk score is subtracted from its Morningstar return score. If the fund scores in the top 10% of its respective Morningstar category, it receives five stars; if it falls in the next 22.5%, it receives four stars; a place in the middle 35% earns it three stars; those in the next 22.5% receive two stars; and the bottom 10% get one star.
Alphabet Inc C Danaher Corp Microsoft Corp Becton, Dickinson and Co Abbott Laboratories
2.17 2.16 2.11 2.09 2.09 61 184 61.60 29,649.20
Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Total Fund Assets ($mil)
The Broad Asset Class identifies a fund's investment style. The Broad Asset Class was developed by Nationwide in conjunction with Ibbotson Associates for asset allocation. Asset Allocation does not assure a profit or guarantee against loss in a declining market.
Fund Inception Date 06-30-86 Initial Share Class Inception Date 06-30-86 Advisor T. Rowe Price Associates, Inc. Subadvisor —
NOT A DEPOSIT — NOT FDIC INSURED — NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY — NOT GUARANTEED BY THE INSTITUTION — MAY GO DOWN IN VALUE
Fees and Expenses as of 10-30-17 Gross Prospectus Expense Ratio Net Prospectus Expense Ratio Waiver Data —
0.70% 0.70% Exp.Date —
Portfolio Manager(s) David R. Giroux, CFA. B.A., Hillsdale College. Since 2006.
Stk Port Avg 22.55 3.37 13.19 53,025.68
Risk Measures as of 12-31-17 3 Yr Std Dev 3 Yr Sharpe Ratio 3 Yr Alpha 3 Yr Beta 3 Yr R-squared
Port Avg 6.44 1.39 2.73 0.96 81.38
Morningstar Sectors as of 09-30-17 Cyclical Basic Materials Consumer Cyclical Financial Services Real Estate
S&P 500 19.81 3.13 12.70 96,409.57
Category 19.65 2.61 9.71 63,208.49
S&P 500 10.06 1.08 — — —
Category 6.87 0.84 -1.14 1.04 85.99
%Fund S&P 500 % 34.25 32.88 0.00 2.81 16.01 11.11 18.24 16.78 0.00 2.18
Sensitive Communication Services Energy Industrials Technology
26.62 2.68 2.22 11.50 10.22
41.76 3.76 6.07 10.69 21.24
Defensive Consumer Defensive Healthcare Utilities
39.13 8.49 27.22 3.42
25.35 8.35 14.07 2.93
Volatility Analysis Investment
S Category In the past, this investment has shown a relatively small range of fluctuations relative to other investments. Based on this measure, currently more than two thirds of all investments have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy.
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