With over $489 billion of assets under management, T. Rowe Price is one of the world’s largest financial services conglomerate. The publicly owned investment firm offers a wide range of products and services catering to individual clients, financial intermediaries as well as institutional clients. The company employs fundamental analysis for investment management and boasts of being in existence since seven decades helping investors reach their long term investment goals.
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 Japan (PRJPX) seeks long term capital growth by pre-dominantly investing in equities of companies located in Japan. The fund focuses on growth stocks having the potential to outperform the market by virtue of their earnings growth. The fund has a three year annualized return of 13.94%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.12% compared to a category average of 1.56%.
T. Rowe Price European Stock (PRESX) seeks long term capital appreciation. It 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 22.91%.
Dean Tenerell is the fund manager and she has managed this T. Rowe Price fund since 2005.
T. Rowe Price Growth Stock (PRGFX) seeks both capital appreciation and dividend income. The fund invests in companies with strong cash flow streams having the ability to pay periodic dividends. It focuses on growth oriented companies and concentrates on acquiring common stocks. The fund has a three year annualized return of 26.92%.
As of December 2011, this T. Rowe Price mutual fund held 120 issues, with 9.10% of its total assets invested in Apple, Inc.
T. Rowe Price Inflation Protected Bond Fund (PRIPX) invests the majority of its assets in inflation protected bonds issued by U.S Treasury. The fund may also look to invest in fixed income securities that are not inflation indexed. The fund has a three year annualized return of 14.52%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.50% compared to a category average of 0.84%.
T. Rowe Price US Treasury Long-Term (PRULX) seeks high total income. A minimum of 85% of the fund’s assets are utilized to purchase U.S. Treasury securities. The average weighted maturity period of the fund varies between 10 to 30 years. The fund has a three year annualized return of 19.36%.
Brian J. Brennan is the fund manager and she has managed this T. Rowe Price fund since 2003.
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 at http://www.zacks.com/funds.
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