Top 5 T. Rowe Price Funds - Mutual Fund Education
T. Rowe Price is one of the oldest investment management firms in the U.S with over seventy years of domain expertise. It prides itself on a culture of value-added, active fund management by emphasizing fundamental, proprietary research activities. With over $419 billion of assets under management, the company offers a wide range of mutual funds, sub-advisory and separate account management services. T. Rowe Price continues to adhere to its stated investment objectives regardless of prevailing market conditions.
Below we will share with you 5 top rated T. Rowe Price funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all T. Rowe Price funds, then click here.
T. Rowe Price Diversified Small Cap Growth (PRDSX) invests the majority of its assets in small cap companies which are part of the MSCI US Small-Cap Growth Index. The fund aims at holding a widely diversified portfolio, with the top 25 holdings mot making up a large share of its assets. The fund returned 34.88% over the last one year period.
The T. Rowe Price fund has a minimum initial investment of $2,500 and an expense ratio of 1.25% compared to a category average of 1.60%.
T. Rowe Price New Era (PRNEX) seeks both capital appreciation over the long term. At least two-thirds of the funds assets are invested in natural resource companies which could benefit from rising inflation. It also invests in companies outside the sector with strong earnings potential. The fund has a ten year annualized return of 9.4%.
Charles M. Ober is the fund manager and he has managed this T. Rowe Price fund since 1997.
T. Rowe Price Corporate Income (PRPIX) invests at least 80% of its assets in corporate debt. It may also invest up to 25% of its assets in a wide range of securities including convertible debt and preferred stock. The fund returned 17.67% over the last one year period.
The T. Rowe Price fund has an expense ratio of 0.73% compared to a category average of 0.90%.
T. Rowe Price Mid-Cap Growth (PAMCX) seeks long term capital growth. The majority of its assets are invested in mid-cap companies with above average growth potential. The fund holds a diversified portfolio of common stocks, foreign stocks, futures and options. The fund has a five year annualized return of 5.67%.
As of March 2010, this fund held 139 issues, with 1.53% of its total assets invested in McDermott International.
T. Rowe Price International Growth & Income (TRIGX) invests heavily in foreign countries and concentrates on mature economies. At least 65% of its assets are invested in prominent companies which pay regular dividends and have good prospects for capital growth. The fund returned 9.17% over the last one year period and has a ten year annualized return of 3.32%.
Raymond A. Mills is the fund manager and has managed this T. Rowe Price fund since 2003.
To view the Zacks Rank and past performance of all T. Rowe Price funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
