Headquartered in Baltimore, MD, T. Rowe Price is a renowned publicly owned investment management firm. The company was founded in 1937 by Thomas Rowe Price, Jr. It managed assets worth $1.01 trillion as of Oct 31, 2018 and prides itself in having more than 6,000 associates, including 595 investment professionals all over the world.
The company has around 16 offices globally and operates in four continents. It offers a full range of investment planning and guidance tools. The other offerings include mutual funds, sub-advisory services, retirement plans and separate account management for individual clients.
Below we share with you three top-ranked T. Rowe Price mutual funds. Each has earned 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 NJ Tax-Free Bond (NJTFX - Free Report) seeks to offer maximization of income that is free from both federal and New Jersey state income taxes. The fund attains its investment goal by investing heavily in New Jersey muni bonds that are rated investment-grade. T. Rowe Price NJ Tax-Free Bond has three-year annualized returns of 2.2%.
As of September 2018, NJTFX held 208 issues with 1.90% of its assets invested in HUDSON CNTY N J IMPT AUTH 5.25%.
T. Rowe Price Mid-Cap Growth Advisor (PAMCX - Free Report) seeks appreciation of capital for the long run. PAMCX maintains a diversified portfolio by investing in common stocks of mid-cap companies, earnings of which are expected to have above-average growth prospects. Companies that fall within the range of the Russell Midcap Growth Index or S&P MidCap 400 Index are considered mid cap. T. Rowe Price Mid-Cap Growth Advisor has three-year annualized returns of 6.3%.
PAMCX has an expense ratio of 1.02% compared with the category average of 1.19%.
T. Rowe Price Real Estate Advisor (PAREX - Free Report) invests a huge portion of its assets in equity securities of real estate companies. PAREX aims to maintain a large portion of its assets in real estate investment trusts. The fund seeks growth for the long run through maximization of income and appreciation of capital. T. Rowe Price Real Estate Advisor has three-year annualized returns of 2.1%.
Further, David M. Lee is the fund manager of PAREX since 1997.
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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