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5 Top-Rated T. Rowe Price Mutual Funds

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T. Rowe Price is a renowned publicly owned investment management firm, headquartered in Baltimore, Maryland. The company was founded in 1937 by Thomas Rowe Price, Jr. It manages worth $725.5 billion assets (as of September 30, 2015) and prides itself in having more than 5,000 employees and 440 investment professionals across the world. The company offers a full range of investment planning and guidance tools. It also offers mutual funds, subadvisory services, retirement plans and separate account management for individual clients.

Below we share with you five top-rated T. Rowe Price mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all T. Rowe Price mutual funds, investors can click here to see the complete list of T. Rowe Price funds.

T. Rowe Price New Era (PRNEX - Free Report) invests at least 75% of its assets in common stocks of companies from the natural resource domain. PRNEX may also invest in securities of companies having impressive growth prospects. T. Rowe Price New Era has a year-to-date return of 15.4%.

PRNEX has an expense ratio of 0.67% as compared to the category average of 1.40%.

T. Rowe Price Diversified Mid Cap Growth (PRDMX - Free Report) seeks capital appreciation over the long run. PRDMX maintains a diversified portfolio by investing a major portion of its assets in mid-cap companies that are believed to have above-average earnings growth potential. The fund focuses on acquiring common stocks of companies having market capitalization similar to those included in the S&P MidCap 400 Index or the Russell Midcap Growth Index. T. Rowe Price Diversified Mid Cap Growth has a year-to-date return of 2.1%.

As of March 2016, PRDMX held 319 issues, with 0.97% of its assets invested in Dollar General Corp.

T. Rowe Price New Jersey Tax-Free Bond (NJTFX - Free Report) invests the lion’s share of its assets in debt securities that are expected to provide interest income exempted from federal and New Jersey state income taxes. NJTFX is a non-diversified fund. T. Rowe Price New Jersey Tax-Free Bond has a year-to-date return of 2.9%.

Konstantine B. Mallas is the fund manager of NJTFX since 2000.

T. Rowe Price Personal Strategy Income (PRSIX - Free Report) seeks high total return. PRSIX invests between 30% and 50% of its assets in stocks and 40–70% of its assets in bonds and money market instruments. The fund may vary the proportion of stocks and bonds depending on economic and financial conditions. T. Rowe Price Personal Strategy Income has a year-to-date return of 2.8%.

PRSIX has an expense ratio of 0.44% as compared to the category average of 0.80%.

T. Rowe Price US Treasury Long-Term (PRULX - Free Report) invests a large chunk of its assets in securities issued by the U.S. Treasury. PRULX invests the remainder of the assets in other securities that are affiliated to the U.S. government. The fund is expected to maintain weighted average maturity between 15 years and 20 years, which may vary to a range of 10 to 30 years. T. Rowe Price US Treasury Long-Term has a year-to-date return of 7.8%.

Brian J. Brennan is the fund manager of PRULX since 2003.

To view the Zacks Rank and past performance of all T. Rowe Price mutual funds, investors can click here to see the complete list of funds.

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 https://www.zacks.com/funds.

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