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T. Rowe Price, based in Baltimore, MD, provides a diverse range of investment options, including stocks, bonds, mutual funds, diversified assets and alternative strategies. With over 85 years of experience, T. Rowe Price now has a team of more than 525 investment professionals who conduct research to identify opportunities and mitigate risks.
The portfolio managers have an average of 23 years in the field and have been with the company for 17 years, showcasing their knowledge across various market scenarios. T. Rowe Price focuses on long-term investments and independent thinking, aiming for consistent performance. These aspects collectively establish T. Rowe Price funds as a reliable choice for investment.
We have, thus, chosen three T. Rowe Price mutual funds that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
T. Rowe Price Financial Services (PRISX - Free Report) invests most of its assets in common stocks of companies in the financial services industry. PRISX advisors use bottom-up analysis, focusing on identifying high-quality companies with strong potential for appreciation.
Matt J. Snowling has been the lead manager of PRISX since Jun 30, 2021. Most of the fund’s holdings were in companies like Bank of America Corp (5.4%), Wells Fargo & Co (5%) and Chubb Ltd (4.4%) as of Dec 31, 2023.
PRISX’s 3-year and 5-year annualized returns are 6.6% and 12.4%, respectively. Its net expense ratio is 0.83%. PRISX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
T. Rowe Price U.S. Equity Research Adv (PACOX - Free Report) invests in common stocks of large, small and mid capitalization. PACOX advisors follow a disciplined portfolio construction process, aiming to allocate weights to each sector and industry that mirror the S&P 500 Index.
Jason B. Polun has been the lead manager of PACOX since Dec 31, 2014. Most of the fund’s holdings were in companies like Microsoft Corp (7.2%), Apple Inc. (6.8%) and Amazon.com, Inc. (3.6%) as of Dec 31, 2023.
PACOX’s 3-year and 5-year annualized returns are 8.6% and 13.6%, respectively. Its net expense ratio is 0.78%. PACOX has a Zacks Mutual Fund Rank #1.
T. Rowe Price Mid-Cap Value (TRMCX - Free Report) invests most of its assets in companies with market capitalization falling within the range of those included in either the S&P MidCap 400 Index or the Russell Midcap Value Index at the time of purchase.
Vincent Michael DeAugustino has been the lead manager of TRMCX since Apr 30, 2002. Most of the fund’s holdings were in companies like Western Digital Corp (3.2%), MKS Instruments, Inc. (2.3%) and Stanley Black & Decker, Inc. (2.3%) as of Dec 31, 2023.
TRMCX’s 3-year and 5-year annualized returns are 8.1% and 11.9%, respectively. Its net expense ratio is 0.80%. TRMCX has a Zacks Mutual Fund Rank #1.
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3 T. Rowe Price Mutual Funds for Stunning Returns
T. Rowe Price, based in Baltimore, MD, provides a diverse range of investment options, including stocks, bonds, mutual funds, diversified assets and alternative strategies. With over 85 years of experience, T. Rowe Price now has a team of more than 525 investment professionals who conduct research to identify opportunities and mitigate risks.
The portfolio managers have an average of 23 years in the field and have been with the company for 17 years, showcasing their knowledge across various market scenarios. T. Rowe Price focuses on long-term investments and independent thinking, aiming for consistent performance. These aspects collectively establish T. Rowe Price funds as a reliable choice for investment.
Also, mutual funds, in general, diversify portfolios without several commission charges that are mainly associated with stock purchases and trim transaction costs (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
We have, thus, chosen three T. Rowe Price mutual funds that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
T. Rowe Price Financial Services (PRISX - Free Report) invests most of its assets in common stocks of companies in the financial services industry. PRISX advisors use bottom-up analysis, focusing on identifying high-quality companies with strong potential for appreciation.
Matt J. Snowling has been the lead manager of PRISX since Jun 30, 2021. Most of the fund’s holdings were in companies like Bank of America Corp (5.4%), Wells Fargo & Co (5%) and Chubb Ltd (4.4%) as of Dec 31, 2023.
PRISX’s 3-year and 5-year annualized returns are 6.6% and 12.4%, respectively. Its net expense ratio is 0.83%. PRISX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
T. Rowe Price U.S. Equity Research Adv (PACOX - Free Report) invests in common stocks of large, small and mid capitalization. PACOX advisors follow a disciplined portfolio construction process, aiming to allocate weights to each sector and industry that mirror the S&P 500 Index.
Jason B. Polun has been the lead manager of PACOX since Dec 31, 2014. Most of the fund’s holdings were in companies like Microsoft Corp (7.2%), Apple Inc. (6.8%) and Amazon.com, Inc. (3.6%) as of Dec 31, 2023.
PACOX’s 3-year and 5-year annualized returns are 8.6% and 13.6%, respectively. Its net expense ratio is 0.78%. PACOX has a Zacks Mutual Fund Rank #1.
T. Rowe Price Mid-Cap Value (TRMCX - Free Report) invests most of its assets in companies with market capitalization falling within the range of those included in either the S&P MidCap 400 Index or the Russell Midcap Value Index at the time of purchase.
Vincent Michael DeAugustino has been the lead manager of TRMCX since Apr 30, 2002. Most of the fund’s holdings were in companies like Western Digital Corp (3.2%), MKS Instruments, Inc. (2.3%) and Stanley Black & Decker, Inc. (2.3%) as of Dec 31, 2023.
TRMCX’s 3-year and 5-year annualized returns are 8.1% and 11.9%, respectively. Its net expense ratio is 0.80%. TRMCX has a Zacks Mutual Fund Rank #1.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>