With over $482 billion of assets under management, T. Rowe Price is one of the world’s leading investment management companies. Founded in 1937 by Thomas Rowe Price, Jr, 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 research and a disciplined approach to provide a full range of investment strategies. The company’s strict adherence to stated investment objectives ensures 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.
T. Rowe Price Spectrum Income (RPSIX) spreads its investments among a number of T. Rowe Price mutual funds which are focused on specific market segments. Under normal circumstances, the fund invests in bond funds, an equity income fund and a money market fund. The fund has a three year annualized return of 4.76%.
Edmund M. Notzon, III is the fund manager and he has managed this T. Rowe Price mutual fund since 1998.
T. Rowe Price Tax-Efficient Equity (PREFX) seeks maximum post tax capital appreciation. Common stocks constitute the majority of the fund’s investments. The fund returned 28.75% 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 1.25% compared to a category average of 1.32%.
T. Rowe Price European Stock (PRESX) invests at least 80% of its assets in European firms. The bulk of the fund’s assets are utilized to purchase common stocks of companies located in or having primary operations in mature European markets. The fund has a five year annualized return of 4.3%.
As of December 2010, this T. Rowe Price mutual fund held 69 issues, with 3.82% of its total assets invested in Royal Dutch Shell PLC B.
T. Rowe Price Science & Technology (PRSCX) seeks capital growth over the long term. A large proportion of the fund’s assets are invested in companies which stand to gain from advances in science and technology. It may invest in prominent technology firms with a history of success in the technology sector to younger and relatively unknown companies. The fund returned 33.46% over the last one year period.
Kennard W. Allen is the fund manager and has managed this T. Rowe Price mutual fund since 2009.
T. Rowe Price High-Yield (PRHYX) primarily invests in a wide range of high yield corporate bonds, income generating convertible securities and preferred stocks. The weighted average maturity period of the fund’s portfolio ranges from five to ten years. The fund has a five year annualized return of 7.89%.
The T. Rowe Price mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.76% compared to a category average of 1.18%.
To view the Zacks Rank and past performance of all T. Rowe Price mutual funds, then click here.