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With over $540 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 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, investors can click here to see the complete list of funds.
T. Rowe Price Japan (PRJPX - MF report) seeks long term capital growth by pre-dominantly investing in equities of companies located in Japan. The fund focuses on growth stocks having the potential to outperform the market by virtue of their earnings growth. The fund has a three year annualized return of 2.64%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.12% compared to a category average of 1.67%.
T. Rowe Price US Treasury Long-Term (PRULX - MF report) utilizes a minimum of 85% of the fund’s assets to purchase U.S. Treasury securities. The average weighted maturity period of the fund varies between 10 to 30 years. The fund has a three year annualized return of 13.04%.
As of June 2012, this T. Rowe Price mutual fund held 91 issues, with 14.75% of its total assets invested in US Treasury Bond 4.375%.
T. Rowe Price Real Estate (TRREX - MF report) seeks both current income and capital growth. The fund invests a large share of its assets in real estate companies. The fund focuses on acquiring equity securities and does not own real estate directly. The fund has a three year annualized return of 24.19%.
David M. Lee is the fund manager and he has managed this T. Rowe Price mutual fund since 1997.
T. Rowe Price International Growth & Income (TRIGX - MF report) 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 has a three year annualized return of 3.48%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.87% compared to a category average of 1.38%.
T. Rowe Price Financial Services (PRISX - MF report) seeks both capital growth and current income. The majority of its assets are invested in companies in the financial services sector. It may also purchase securities of companies with significant linkages to the sector. The fund has a ten year annualized return of 4.77%.
Eric L. Veiel is the fund manager and he has managed this T. Rowe Price mutual fund since 2010.
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 http://www.zacks.com/funds.