On the lookout for a Mutual Fund Equity Report fund? Starting with T. Rowe Price Growth Stock I (PRUFX) is one possibility. PRUFX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
T. Rowe Price is based in Baltimore, MD, and is the manager of PRUFX. Since T. Rowe Price Growth Stock I made its debut in September of 2015, PRUFX has garnered more than $18.11 billion in assets. Joseph B. Fath is the fund's current manager and has held that role since September of 2015.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 16.96%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 16.52%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, PRUFX's standard deviation comes in at 19.99%, compared to the category average of 15.82%. Looking at the past 5 years, the fund's standard deviation is 17.96% compared to the category average of 14.09%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.04, which means it is hypothetically more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a positive alpha of 0.59, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Holdings
Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is principally on equities that are traded in the United States.
As of the last filing date, the mutual fund has 85.66% of its assets in stocks, with an average market capitalization of $751.38 billion. The fund has the heaviest exposure to the following market sectors:
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Technology
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Retail Trade
Turnover is about 22.7%, so those in charge of the fund make fewer trades than its comparable peers.