If you've been stuck searching for Mutual Fund Equity Report funds, consider T. Rowe Price Growth Stock Fund (
PRGFX Quick Quote PRGFX - Free Report) as a possibility. PRGFX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance. History of Fund/Manager
PRGFX is a part of the T. Rowe Price family of funds, a company based out of Baltimore, MD. Since T. Rowe Price Growth Stock Fund made its debut in April of 1950, PRGFX has garnered more than $27.07 billion in assets. Joseph Fath is the fund's current manager and has held that role since January of 2014.
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 10.42%, and it sits in the bottom third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 7.82%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, PRGFX's standard deviation comes in at 23.37%, compared to the category average of 16.82%. Looking at the past 5 years, the fund's standard deviation is 20.62% compared to the category average of 15.1%. This makes the fund more volatile than its peers over the past half-decade.
Investors should note that the fund has a 5-year beta of 1.1, so it is likely going to be more volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. Over the past 5 years, the fund has a negative alpha of -2.77. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.
As of the last filing date, the mutual fund has 98.26% of its assets in stocks, which have an average market capitalization of $683.48 billion. The fund has the heaviest exposure to the following market sectors:
Technology Retail Trade
With turnover at about 22.7%, this fund makes fewer trades than the average comparable fund.
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, PRGFX is a no load fund. It has an expense ratio of 0.63% compared to the category average of 0.99%. PRGFX is actually cheaper than its peers when you consider factors like cost.
While the minimum initial investment for the product is $2,500, investors should also note that each subsequent investment needs to be at least $100.
Overall, T. Rowe Price Growth Stock Fund ( PRGFX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively weak performance, worse downside risk, and lower fees, this fund looks like a great potential choice for investors right now.
This could just be the start of your research on PRGFXin the Mutual Fund Equity Report category. Consider going to
www.zacks.com/funds/mutual-funds for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.