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Founded in 1937 by Thomas Rowe Price, Jr., T. Rowe Price currently has $776.6 billion assets under management. This renowned publicly owned investment management firm manages more than 100 mutual funds across a wide range of categories. Additionally, T. Rowe Price offers other financial services including a wide variety of investment planning, guidance tools, subadvisory services and retirement plans.
With more than 6,000 associates, the company serves clients throughout the globe. Thomas Rowe Price, Jr., set out to create the organization “with a reputation for the highest character and the soundest investment philosophy.”
T. Rowe Price Mid-Cap Growth (RPMGX - Free Report) maintains a diversified portfolio by investing a large chunk of its assets in companies having market capitalizations similar to those listed on the S&P MidCap 400 Index or the Russell Midcap Growth Index. RPMGX invests in companies having above-average growth potential. Though RPMGX focuses on acquiring common stocks of domestic companies, it may also invest in companies located outside the U.S. T. Rowe Price Mid-Cap Growth has a three-year annualized return of 12.7%.
RPMGX has an expense ratio of 0.77% as compared to a category average of 1.3%.
T. Rowe Price Capital Opportunity (PRCOX - Free Report) seeks U.S. common stocks, which are believed to be well positioned for capital appreciation. PRCOX invests a large chunk of its assets in companies that are listed on the S&P 500 Index. The fund is expected to maintain company weights similar to the index. T. Rowe Price Capital Opportunity has a three-year annualized return of 10.9%.
As of June 2016, PRCOX held 246 issues with 2.92% of its assets invested in Microsoft Corp.
T. Rowe Price CA Tax-Free Bond (PRXCX - Free Report) invests a major share of its assets in debt securities that are expected to provide interest income free from federal and California state income taxes. PRXCX seeks high tax-exempted income through prudent portfolio management. T. Rowe Price CA Tax-Free Bond has a three-year annualized return of 7.5%.
PRXCX has an expense ratio of 0.5% as compared to the category average of 0.87%.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
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3 Best-Ranked T. Rowe Price Mutual Funds to Buy
Founded in 1937 by Thomas Rowe Price, Jr., T. Rowe Price currently has $776.6 billion assets under management. This renowned publicly owned investment management firm manages more than 100 mutual funds across a wide range of categories. Additionally, T. Rowe Price offers other financial services including a wide variety of investment planning, guidance tools, subadvisory services and retirement plans.
With more than 6,000 associates, the company serves clients throughout the globe. 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-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. Investors can click here to see the complete list of T. Rowe Price funds, their Zacks Rank and past performance.
T. Rowe Price Mid-Cap Growth (RPMGX - Free Report) maintains a diversified portfolio by investing a large chunk of its assets in companies having market capitalizations similar to those listed on the S&P MidCap 400 Index or the Russell Midcap Growth Index. RPMGX invests in companies having above-average growth potential. Though RPMGX focuses on acquiring common stocks of domestic companies, it may also invest in companies located outside the U.S. T. Rowe Price Mid-Cap Growth has a three-year annualized return of 12.7%.
RPMGX has an expense ratio of 0.77% as compared to a category average of 1.3%.
T. Rowe Price Capital Opportunity (PRCOX - Free Report) seeks U.S. common stocks, which are believed to be well positioned for capital appreciation. PRCOX invests a large chunk of its assets in companies that are listed on the S&P 500 Index. The fund is expected to maintain company weights similar to the index. T. Rowe Price Capital Opportunity has a three-year annualized return of 10.9%.
As of June 2016, PRCOX held 246 issues with 2.92% of its assets invested in Microsoft Corp.
T. Rowe Price CA Tax-Free Bond (PRXCX - Free Report) invests a major share of its assets in debt securities that are expected to provide interest income free from federal and California state income taxes. PRXCX seeks high tax-exempted income through prudent portfolio management. T. Rowe Price CA Tax-Free Bond has a three-year annualized return of 7.5%.
PRXCX has an expense ratio of 0.5% as compared to the category average of 0.87%.
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 funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.