Founded in 1937 by Thomas Rowe Price, Jr., T. Rowe Price currently has $861.6 billion assets under management (as of Mar 2017). Additionally, T. Rowe Price offers other financial services including a wide variety of investment planning, guidance tools, subadvisory services and retirement plans.
T. Rowe Price prides itself in having more than 6,400 associates working in around 16 offices globally Thomas Rowe Price, Jr., set out to create the organization “with a reputation for the highest character and the soundest investment philosophy.”
Below we share with you three top-ranked T. Rowe Price mutual funds.
VY T. Rowe Price Diversified Mid Cap Growth I Fund (IAXIX – Free Report) seeks growth of capital for the long run. IAXIX invests the bulk of its assets in companies, which fall within the range of the Russell Midcap Growth Index or the S&P MidCap 400 Index. VY T. Rowe Price Diversified Mid Cap Growth I Fund has returned 20.3% over the last one-year period.
IAXIX has an expense ratio of 0.77% compared with the category average of 1.24 %.
VY T. Rowe Price International Stock Portfolio S (IMISX – Free Report) invests the lion’s share of its assets in common stocks of companies based in developed and emerging countries outside the United States. IMISX normally invests in companies having any market cap, but prefers to invest in large and medium-sized companies. The fund seeks appreciation of capital for the long run. VY T. Rowe Price International Stock Portfolio S has returned 22.3% over the last one-year period.
As of March 2017, IMISX held 124 issues, with 2.60% of its assets invested in Nestle SA.
T. Rowe Price New America Growth Advisor Fund (PAWAX – Free Report) seeks long-term growth of capital by investing primarily in the common stocks of U.S. growth companies. PAWAX invests at least 65% of total assets in common stocks of U.S. companies that operate in those sectors of the economy identified by T. Rowe Price as the fastest growing or having the greatest growth potential. T. Rowe Price New America Growth Advisor Fund has returned 26.7% over the last one-year period.
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