Top 5 T Rowe Price Funds - Mutual Fund Education
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 $366 billion of assets under management, the company offers a wide range of mutual funds, sub-advisory and separate account management services for both individual and institutional investors. 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 is one its main investment tenents.
Below we will share with you 5 top rated T. Rowe Price funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its 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 the highest total return with an equal emphasis on income and capital growth. The fund returned 46.3% over the last one year period.
The T. Rowe Price fund has a minimum initial investment of $2,500 and an expense ratio of 0.76% compared to a category average of 1.03%.
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 has a ten year annualized return of 6%.
Jeff L. Arricale is the fund manager and he has managed this T. Rowe Price 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. At least 65% of its assets are invested in investment grade bonds. The fund returned 23.81% over the last one year period.
The T. Rowe Price fund has an expense ratio of 0.73% compared to a category average of 0.92%.
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 10.49%.
As of December 2009, this fund held 124 issues, with 3.46% of its total assets invested in Petroleo Brasileiro S.A. ADR.
T. Rowe Price New Asia (PRASX) invests the majority of its assets in the South East Asian region, India and China. It may also look to invest in securities from Vietnam and Pakistan. The fund returned 118.65% over the last one year period and has a five year annualized return of 15.42%.
Anh Lu is the fund manager and she has managed this T. Rowe Price fund since 2009.
To view the Zacks Rank and past performance of all T. Rowe Price 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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