With over $419 billion of assets under management, T. Rowe Price is one of the world’s leading investment management companies. Founded in 1937 by Thomas Rowe Price, Jr, the company offers a wide range of mutual funds, sub-advisory and separate account management services for both individual and institutional investors. It relies on fundamental research and a disciplined approach to provide a full range of investment strategies. The company’s strict adherence to stated investment objectives ensures the long term integrity of its client portfolios
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 Tax-Free High-Yield invests heavily in municipal bonds rated below investment grade or junk bonds. Up to 10% of its assets may be utilized to purchase bonds in default. The average maturity period of the fund’s portfolio is expected to exceed ten years. The fund returned 25.48 % over the last one year period.
The T. Rowe Price fund has a minimum initial investment of $2,500 and an expense ratio of 0.71% compared to a category average of 1.11%.
T. Rowe Price Small-Cap Stock seeks capital appreciation over the long term. The majority of its assets are invested in domestic small-cap stocks. The fund invests across industries and economic sectors. It may also purchase futures, options and foreign stocks. The fund has a ten year annualized return of 7.51%.
Gregory A. McCrickard is the fund manager and he has managed this T. Rowe Price fund since 1992.
T. Rowe Price Emerging European & Mediterranean invests at least 80% of its assets in emerging European markets such as the former Soviet Union, the Middle East and North Africa. It is non-diversified and focuses on large and medium-sized companies, but considers companies of any size for investment. The fund has a five year annualized return of 10.78%.
As of March 2010, this fund held 42 issues, with 6.62% of its total assets invested in Magnit JSC.
T. Rowe Price New Horizons seeks long-term capital appreciation. It invests a wide range of small and emerging firms which are not well known at the time of investment. It seeks out companies which may show a remarkable improvement in financial performance. The fund returned 64.05% over the last one year period.
The T. Rowe Price fund has an expense ratio of 0.85% compared to a category average of 1.61%.
T. Rowe Price International Discovery invests heavily in foreign companies and invest in both developed and emerging markets. It focuses on small and mid-cap companies. The fund returned 74.38% over the last one year period and has a five year annualized return of 8.39%.
Justin Thomson is the fund manager and has managed this T. Rowe Price fund since 1998.
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/mutualfund/