Founded in 1937 by Thomas Rowe Price, Jr. T. Rowe Price is one of the oldest investment management firms in the U.S. With over $574 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 secures 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 International Discovery (PRIDX - MF report) invests a large share of its assets in foreign companies and purchases stocks issued from both mature and emerging markets. The fund focuses on investing in small and mid-cap companies. Its portfolio could consist of a minimum of 10 countries and 100 different firms. The fund has a three year annualized return of 8.57%.
Justin Thomson is the fund manager and has managed this T. Rowe Price mutual fund since 1998.
T. Rowe Price Tax-Free High-Yield (PRFHX - MF report) seeks current income which is not subject to federal income tax. The fund invests the majority of its assets in high default risk or speculative bonds. It may utilize no more than 10% of its assets to purchase bonds in default. The fund has a three year annualized return of 8.68%.
The T. Rowe Price mutual fund has an expense ratio of 0.68% compared to a category average of 0.98%.
T. Rowe Price Science & Technology (PRSCX - MF report) invests a large proportion of its assets in companies which stand to gain from advances in science and technology. It may invest in prominent technology firms with a history of success in the technology sector to younger and relatively unknown companies. The fund has a three year annualized return of 9.06%.
Kennard W. Allen is the fund manager and has managed this T. Rowe Price mutual fund since 2008.
T. Rowe Price New Era (PRNEX - MF report) seeks both capital appreciation over the long term. At least two-thirds of the fund’s assets are invested in natural resource companies which could benefit from rising inflation. The fund has a three year annualized return of 4.63%.
As of September 2012, this T. Rowe Price mutual fund held 100 issues, with 3.98% of its total assets invested in Schlumberger NV.
T. Rowe Price New Asia (PRASX - MF report) invests the majority of its assets in the South East Asian region, India and China. The fund may also look to invest in securities from Vietnam and Pakistan. The fund has a three year annualized return of 11.25%.
The T. Rowe Price mutual fund has an expense ratio of 0.96% compared to a category average of 1.74%.
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.