Founded in 1937 by Thomas Rowe Price, Jr. T. Rowe Price is one of the oldest investment management firms in the U.S. With over $391 billion of assets under management, it offers a wide range of mutual funds, sub-advisory and separate account management services for both individual and institutional investors. It relies on proprietary research to create a culture of value-added, active fund management. The company’s adherence to stated objectives regardless of prevailing market conditions ensures the long term integrity of its client portfolios.
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, then click here.
T. Rowe Price New Horizons (PRNHX) seeks long-term capital appreciation. It invests a wide range of small and emerging firms which are not well known at the time of investment. It seeks out companies which may show a remarkable improvement in financial performance. The fund returned 22.09% over the last one year period.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.60%.
T. Rowe Price Emerging Markets Stock (PRMSX) seeks long term capital appreciation. The majority of its assets are invested in emerging markets such as Latin America, Asia, Europe, Africa and the Middle East. The fund has a five year annualized return of 10.73%.
As of June 2010, this fund held 122 issues, with 3.23% of its total assets invested in Samsung Electronics Co Ltd.
T. Rowe Price Tax-Free High-Yield (PRFHX) invests heavily in municipal bonds rated below investment grade or junk bonds. Up to 10% of its assets may be utilized to purchase bonds in default. The average maturity period of the fund’s portfolio is expected to exceed ten years. The fund returned 17.51% over the last one year period.
James M. Murphy is the fund manager and he has managed this T. Rowe Price mutual fund since 2002.
T. Rowe Price Small-Cap Stock (OTCFX) seeks capital appreciation over the long term. The majority of its assets are invested in domestic small-cap stocks. The fund invests across industries and economic sectors. It may also purchase futures, options and foreign stocks. The fund has a ten year annualized return of 7.19%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.95% compared to a category average of 1.43%.
T. Rowe Price Corporate Income (PRPIX) invests at least 80% of its assets in corporate debt. It may also invest up to 25% of its assets in a wide range of securities including convertible debt and preferred stock. The fund returned 14% over the last one year period.
David A. Tiberii is the fund manager and he has managed this T. Rowe Price mutual fund since 2003.
To view the Zacks Rank and past performance of all T. Rowe Price mutual funds, then click here.
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/mutualfund/
