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Mutual Fund Commentary

With over $576.8 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 Spectrum Growth (PRSGX - MF report) seeks capital growth over the long term. The fund invests in a diverse range of mutual funds from T. Rowe Price. Each of these funds represents a specific market segment. The fund has a three year annualized return of 12.47%.

Edmund M. Notzon, III is the fund manager and has managed this T. Rowe Price mutual fund since 1998.

T. Rowe Price European Stock (PRESX - MF report) invests heavily in common stocks of companies irrespective of their market capitalization located in the European mature economies. During normal conditions, the fund keeps its assets invested in at least five countries. The fund has a three year annualized return of 11.06%.

The T. Rowe Price mutual fund has an expense ratio of 1.00% compared to a category average of 1.67%.

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 three year annualized return of 8.72%.

As of December 2012, this T. Rowe Price mutual fund held 79 issues, with 4.46% of its total assets invested in JPMorgan Chase & Co.

T. Rowe Price Global Technology (PRGTX - MF report) invests the majority of its assets in companies which expect to derive a large proportion of their revenues from the development and application of technology. The fund invests at least 30% of its assets in both mature and developing foreign markets. The technology mutual fund has a three year annualized return of 15.46%.

David J. Eiswert is the fund manager and has managed this T. Rowe Price mutual fund since 2008.

T. Rowe Price International Discovery (PRIDX - MF report) seeks capital growth over the long term. The fund 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. The fund has a three year annualized return of 12.10%.

The T. Rowe Price mutual fund has an expense ratio of 1.23% compared to a category average of 1.64%.

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.

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