Headquartered in Baltimore, MD, T. Rowe Price is a renowned publicly owned investment management firm. The company was founded in 1937 by Thomas Rowe Price, Jr. It managed assets worth $962 billion as of Dec 31, 2018 and prides itself in having more than 6,000 associates, including 971 investment professionals all over the world.
The company has around 16 offices globally and operates in four continents. It offers a full range of investment planning and guidance tools. The other offerings include mutual funds, sub-advisory services, retirement plans and separate account management for individual clients.
Below we share with you four top-ranked T. Rowe Price mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of T. Rowe Price funds.
T. Rowe Price U.S. Large-Cap Core Fund (TRULX – Free Report) aims for long-term capital appreciation. The fund usually invests the majority of its net assets in stocks of large-cap U.S. companies. According to the fund, a large-cap company is the one that has a market capitalization larger than the median market cap of companies on the Russell 1000 Index. TRULX has three and five-year annualized returns of 12.1% and 10.9%, respectively.
Jeffrey Rottinghaus is the fund manager of TRULX since 2009.
T. Rowe Price Tax-Efficient Equity Fund (PREFX – Free Report) seeks to increase after-tax growth of capital through investments mostly in common stocks. The fund aims to buy and hold stocks of lucratively valued, high-quality growth companies for the long term. PREFX has three and five-year annualized returns of 17.3% and 12.7%, respectively.
As of December 2018, PREFX held 366 issues with 3.39% of its assets invested in Amazon.com Inc.
T. Rowe Price Equity Income Fund (PRFDX – Free Report) aims for high long-term capital growth and dividend income. The fund invests at least 80% of its assets in common stocks. The fund emphasizes on large capitalization stocks that are believed to be undervalued or have a good record of paying dividends. PRFDX has three and five-year annualized returns of 10.7% and 6.6%, respectively.
PRFDX has an expense ratio of 0.65% compared with the category average of 1.00%.
T. Rowe Price Small-Cap Value Fund (PRSVX – Free Report) aims for long-term capital growth. The fund invests a bulk of its net assets in companies that have a market capitalization in or below the range of companies on the Russell 2000 Index. PRSVX has three and five-year annualized returns of 12.3% and 6.7%, respectively.
J. David Wagner is the fund manager of PRSVX since 2014.
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 T. Rowe Price funds.
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