If you’re looking for a Small Cap Blend fund category, then a potential option is T. Rowe Price Institutional Small-Cap Stock (TRSSX). TRSSX has a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.

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TRSSX is one of many Small Cap Blend funds to choose from. Small Cap Blend mutual funds allow investors a way to diversify their funds among various types of small-cap stocks. These funds seek companies with market capitalization of less than $2 billion, and aid in reducing volatility inherent in lower market cap stocks.

T. Rowe Price is responsible for TRSSX, and the company is based out of Baltimore, MD. T. Rowe Price Institutional Small-Cap Stock made its debut in October of 2000, and since then, TRSSX has accumulated about $4.20 billion in assets, per the most up-to-date date available. The fund’s current manager, Frank Alonso, has been in charge of the fund since October of 2016.

Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 10.04%, and is in the middle third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3 -year annualized total return of 3.52%, which places it in the top third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. TRSSX’s standard deviation over the past three years is 20.38% compared to the category average of 22%. The fund’s standard deviation over the past 5 years is 21.38% compared to the category average of 23.78%. This makes the fund less volatile than its peers over the past half-decade.

Investors should note that the fund has a 5-year beta of 1.04, which means it is hypothetically more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio’s performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. TRSSX has generated a negative alpha over the past five years of -4.91, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

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