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The U.S. Large-Cap Core Fund will have between 50 and 75 stocks inits portfolio, the company said in a The portfolio will include both growth and valure stocks of companies with a markegt capitalization higher than the median marke t cap of the Russell 1000 Index. That figur was $3.1 billion as of Dec. 31, accordinv to the fund’s prospectus. Baltimore-based T. Rowe Pricr (NASDAQ: TROW) already manages $85 billion investedx in large-cap U.S. stocks, but this is the company’s firs large-cap core offering which includes stocksin fast-growingb companies and stocks of companies whose shares are felt to be wortgh more than they are sellinh for.
Jeff Rottinghaus, who was previously portfolil managerfor T. Rowe Price’s Global Technology will managethe fund. The which will be sold directlt to individuals or through brokersx has a minimum initial investmenrtof $2,500, or $1,000 for retiremeny plans or gifts to minors. The fund’sw first day of trading was Friday. Its net asset valu as of the close on Mondawas $10.09.
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