T. Rowe Price New Horizons Fund (PRNHX) seeks long-term growth of capital by investing primarily in common stocks of small, rapidly growing companies. The fund invests mostly in a diversified group of small emerging growth companies, preferably early in the corporate life cycle before a company becomes widely recognized by the investment community.
This Small Growth product has a history of positive total returns for over 10 years. Specifically, PRNHX’s returns over the 3, 5 year benchmarks; 3 year 12.8% and 5 year 17.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
PRNHX’s performance, as of the last filing, when compared to funds in its category was in the top 4% over the past 1 year, and in the top 1% over the past 3 years and in the top 2% over the past 5 years.
The T. Rowe Price New Horizons Fund, as of the last filing, allocates its fund in two major groups; in Small Growth and Large Growth. Further, as of the last filing, Vail Resorts Inc, O' Reilly Automotive Inc and Burlington Stores Inc were the top holdings for PRNHX.
This Zacks Rank #1 (Strong Buy) was incepted in June 1960 and is managed by T. Rowe Price. PRNHX carries an expense ratio of 0.79% and requires a minimal initial investment of $2,500.
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Zacks Investment Research