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Mutual Fund Commentary

Founded in 1937 and headquartered in Baltimore, T. Rowe Price is a global investment management organization that manages worth $776.6 billion assets (as of June 30, 2016). The company prides itself in having more than 6,000 employees, including 489 investment professionals across the world. Also, T. Rowe Price claims that more than 85% of its mutual funds carry a lower expense ratio than their respective categories.

This renowned publicly owned investment management firm offers a variety of mutual funds, sub-advisory services and separate account management for individual and institutional investors, retirement plans and financial intermediaries. The company operates worldwide from 16 offices in the U.S., England, Argentina, Australia, Hong Kong, Japan and Singapore. Recently, in Fortune Magazine’s “WORLD’S MOST ADMIRED COMPANIES” 2016 list, T. Rowe held the third rank.

Below we share with you four top-rated T. Rowe Price mutual funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of T. Rowe Price funds.

T. Rowe Price Capital Appreciation (PRWCX - Free Report) invests a minimum of half of its assets in stocks. The rest of its assets are normally invested in other securities including convertible securities, debt securities issued by both government and corporate bodies, and bank loans. PRWCX may also invest nearly 25% of its assets in securities issued in foreign countries. T. Rowe Price Capital Appreciation has a three-year annualized return of 10.5%.

PRWCX has an expense ratio of 0.70% as compared to the category average of 0.98%.

T. Rowe Price Growth & Income (PRGIX - Free Report) seeks long-term growth of capital and income. PRGIX uses bottom-up analysis to invest in both growth and value stocks of companies. To select growth stocks, the fund focuses on companies that are expected to provide above-average growth. T. Rowe Price Growth & Income has a three-year annualized return of 11.1%.

Jeffrey Rottinghaus is the fund manager of PRGIX since Jun 01, 2015.

T. Rowe Price International Bond (RPIBX - Free Report) invests the lion’s share of its assets in foreign bonds. RPIBX also invests more than 65% of its assets in investment-grade foreign bonds. The fund seeks appreciation of capital and income. RPIBX is a non-diversified mutual fund. T. Rowe Price International Bond has a three-year annualized return of 1%.

RPIBX has an expense ratio of 0.83% as compared to the category average of 0.94%.

T. Rowe Price Japan (PRJPX - Free Report) seeks capital appreciation for the long run by investing the majority of its assets in securities of companies which are based in Japan. PRJPX invests in a variety of Japanese companies and industries, irrespective of their size. T. Rowe Price Japan has a three-year annualized return of 7.6%.

As of June 2016, PRJPX held 76 issues, with 3.87% of its assets invested in Nippon Telegraph & Telephone Corp.

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 T. Rowe Price funds.

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