T. Rowe Price is a renowned publicly owned investment management firm, headquartered in Baltimore, MD. The company was founded in 1937 by Thomas Rowe Price, Jr. It managed assets worth $1.08 trillion as of Sep 30, 2018, and prides itself in having more than 6,800 associates, including 571 investment professionals.
The company has around 16 offices globally and operates in four continents. It offers a full range of investment planning and guidance tools. The other offerings include mutual funds, sub-advisory services, retirement plans, and separate account management for individual clients.
Below we share with you three 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.
T. Rowe Price Blue Chip Growth (TRBCX – Free Report) invests heavily in common stocks of large as well as mid-cap blue-chip companies. The fund focuses on those companies that have good financial fundamentals, seasoned management, and strong market positions. T. Rowe Price Blue Chip Growth has one-year annualized returns of 27.3%.
Larry J. Puglia is the fund manager of TRBCX since 1993.
T. Rowe Price Small-Cap Value Fund No Load (PRSVX – Free Report) invests the majority of its assets in companies with market capitalization within the range of the Russell 2000 Index. It may also invest in securities of companies located in foreign lands. Further, PRSVX may choose to sell its securities to restrict losses and reallocate assets in other securities with higher prospects. T. Rowe Price Small-Cap Value Fund No Load has one-year annualized returns of 12.7%.
PRSVX has an expense ratio of 0.79% compared with the category average of 1.14%.
T. Rowe Price Balanced (RPBAX- Free Report) seeks current income, the growth of capital and preservation of capital. RPBAX invests around 65% of its assets in common stocks and about 35% in fixed income securities. The fund also invests a minimum of one-fourth of its assets in fixed income senior securities. T. Rowe Price Balanced has returned 7.2% over the last one-year period.
