Top 5 T. Rowe Price Mutual Funds - Best of Fund Family
Benzinga 15 years ago
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 $439 billion of assets under management, the company offers a wide range of mutual funds, sub-advisory and separate account management services. It relies on fundamental, proprietary research to create a culture of value-added, active fund management. The company's adherence to stated investment objectives regardless of prevailing market conditions has 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 Personal Strategy Balanced (TRPBX) invests in a diversified portfolio, with 60% of its assets invested in stocks, 30% in bonds and 10% in money market securities. It seeks highest total return with an equal emphasis on income and capital growth. The fund has a ten year annualized return of 5.59%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.68% compared to a category average of 1.01%.
T. Rowe Price Financial Services (PRISX) seeks both capital growth and current income. The majority of its assets are invested in companies in the financial services sector. It may also purchase securities of companies with significant linkages to the sector. The fund returned 12.9% over the last one year period.
Jeff L. Arricale is the fund manager and he has managed this T. Rowe Price mutual fund since 2007.
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 has a three year annualized return of 3.72%.
As of December 2010, this T. Rowe Price mutual fund held 367 issues, with 1.81% of its total assets invested in Morgan Stanley 7.3%.
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 returned 32.53% 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 0.95% compared to a category average of 1.41%.
T. Rowe Price International Discovery (PRIDX) invests heavily in foreign companies and invest in both developed and emerging markets. It focuses on small and mid-cap companies. The fund returned 20.47% over the last one year period and has a five year annualized return of 6.92%.
Justin Thomson is the fund manager and has managed this T. Rowe Price mutual fund since 1998.
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/
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