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By Zacks Equity Research
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 $576.8 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 secures 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, investors can click here to see the complete list of funds.
T. Rowe Price Science & Technology (PRSCX) seeks capital growth over the long term. The fund invests a large share of its assets in common stocks of firms which are projected to gain from advances in science and technology. The fund has a three year annualized return of 7.15%.
The T. Rowe Price mutual fund has an expense ratio of 0.90% compared to a category average of 1.60%.
T. Rowe Price High-Yield (PRHYX) invests the majority of its assets in a wide range of high yield corporate bonds, preferred stocks and convertible securities. The weighted average maturity range of the portfolio is between 5 to 10 years. The fund has a three year annualized return of 10.78%.
Mark J. Vaselkiv is the fund manager and has managed this T. Rowe Price mutual fund since 1996.
T. Rowe Price International Discovery (PRIDX) seeks capital growth over the long term. The fund invests a large share of its assets in foreign companies and purchases stocks issued from both mature and emerging markets. The fund focuses on investing in small and mid-cap companies. The fund has a three year annualized return of 9.25%.
As of December 2012, this T. Rowe Price mutual fund held 219 issues, with 1.66% of its total assets invested in Aberdeen Asset Management PLC.
T. Rowe Price Tax-Free High Yield (PRFHX) invests the majority of its assets in high default risk or speculative bonds. It may utilize no more than 10% of its assets to purchase bonds in default. Generally, a minimum of 80% of its yield is not subject to federal income taxes. The fund has a three year annualized return of 9.42%.
The T. Rowe Price mutual fund has an expense ratio of 0.68% compared to a category average of 1.02%.
T. Rowe Price Emerging Markets Bond (PREMX) seeks both capital growth and current income. The fund invests heavily in emerging market debt instruments. The fund invests in debt instruments issued by the government as well as firms. The fund has a three year annualized return of 11.92%.
Michael J. Conelius is the fund manager and he has managed this T. Rowe Price mutual fund since 1994.
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 funds.
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.
View All Zacks #1 Ranked Mutual Funds
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