Founded in 1937 and headquartered in Baltimore, T. Rowe Price is a global investment management organization that offers an array of mutual funds, sub-advisory services and separate account management for individual and institutional investors, retirement plans and financial intermediaries. The company operates worldwide from the U.S., England, Argentina, Australia, Hong Kong, Japan and Singapore and has more than 5,000 employees. This renowned publicly owned investment management firm manages more than 100 mutual funds across a wide range of categories. Also, T. Rowe Price claims that more than 85% of its mutual funds carry a lower expense ratio than their respective categories.
Below we share with you five top-rated 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. 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 .
T. Rowe Price Dividend Growth (PRDGX) seeks return through dividend income and long-term capital appreciation. PRDGX invests a minimum of 65% of its assets in stocks of companies that have an impressive history of paying dividend and are expected to provide growth in dividends in the future. T. Rowe Price Dividend Growth has a three-month return of 4.2%.
As of Dec 2015, PRDGX held 108 issues with 2.79% of its assets invested in General Electric Co.
T. Rowe Price Real Estate (TRREX) invests the major portion of its assets in equity securities of real estate companies. TRREX invests mostly in equity real estate investment trusts. The fund may invest a maximum 25% of its assets in foreign securities. T. Rowe Price Real Estate has a three-month return of 5.6%.
David M. Lee is the fund manager of TRREX since 1997.
T. Rowe Price Small-Cap Value Advisor (PASVX) seeks capital appreciation over the long run. PASVX invests the lion’s share of its assets in securities of companies with market capitalization similar to those listed in the Russell 2000 Index. Also, PASVX may consider securities of non-U.S. companies for potential investment. T. Rowe Price Small-Cap Value Advisor has a three-month return of 3.3%.
PASVX has an expense ratio of 1.10% compared with the category average of 1.24%.
T. Rowe Price Capital Opportunity (PRCOX) invests a large chunk of its assets in companies that are listed in the S&P 500 Index. PRCOX is expected to maintain company weights similar to the index. The fund maintains a portfolio of 250–325 stocks. Though PRCOX invests in companies throughout the globe irrespective of market capitalization, it primarily focuses on acquiring common stocks of domestic large-cap firms. T. Rowe Price Capital Opportunity has a three-month return of 2.3%.