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Top 5 T. Rowe Price Mutual Funds
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ShareFounded in 1937 by Thomas Rowe Price, Jr. T. Rowe Price is one of the oldest investment management firms in the U.S. With over $521 billion of assets under management, the company offers a wide range of mutual funds, sub-advisory and separate account management services. It relies on fundamental, proprietary research to create a culture of value-added, active fund management. The company’s adherence to stated investment objectives regardless of prevailing market conditions has the long term integrity of its client portfolios.
Below we will share with you 5 top rated T. Rowe Price mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these funds to outperform their peers in the future. To view the Zacks Rank and past performance of all T. Rowe Price funds, then click here.
T. Rowe Price New Horizons (PRNHX) seeks long-term capital appreciation. The fund invests in a wide range of small and emerging firms which are not well known at the time of investment. The fund has a three year annualized return of 9.23%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.81% compared to a category average of 1.52%.
T. Rowe Price International Discovery (PRIDX) invests heavily in foreign companies and invest in both developed and emerging markets. It focuses on small and mid-cap companies. The fund returned 36.09% over the last one year period
Justin Thomson is the fund manager and has managed this T. Rowe Price mutual fund since 1999.
T. Rowe Price Balanced (RPBAX) seeks both current income and capital appreciation. Around 65% of the fund’s assets are utilized to purchase domestic and foreign common stocks and the balance is used to acquire fixed income instruments. The fund has a five year annualized return of 3.56%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.64% compared to a category average of 1.03%.
T. Rowe Price US Treasury Long-Term (PRULX) invests at least 85% of its assets in U.S Treasury securities. The balances of its funds are used to purchase other securities issued by the U.S. government. The average weighted maturity generally ranges from 15 and 20 years, but may range from 10 to 30 years. The fund has a ten year annualized return of 6.31%.
As of June 2011, this T. Rowe Price mutual fund held 86 issues, with 9.17% of its total assets invested in US Treasury Bond 4.375%.
T. Rowe Price Health Sciences (PRHSX) seeks capital growth over the long term. The fund invests heavily in common stocks of companies whose primary operations are related to healthcare products medicine or life sciences. The fund focuses on purchasing securities issued by large and mid-cap companies. The fund returned 32.08% over the last one year period.
Kris H. Jenner is the fund manager and has managed this T. Rowe Price mutual fund since 2000.
To view the Zacks Rank and past performance of all T. Rowe Price mutual 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.
Read the full analyst report on PRNHX
Read the full analyst report on PRIDX
Read the full analyst report on RPBAX
Read the full analyst report on PRULX
Read the full analyst report on PRHSX
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| Market Summary | May 26, 2012 13:13 pm ET |
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