Best T. Rowe Price Mutual Funds for 2013T. Rowe Price is founded by Thomas Rowe Price, Jr in 1937. It is one of the oldest investment firms in the United States. T. Rowe Price has over $556 billion of assets under management. It offers a wide selection of mutual funds, sub-advisory, and account management services. It also provides 401(k) account, retirement account, and brokerage account. It offers services for individuals, businesses, and corporations.
These best T. Rowe Price mutual funds for 2013 are selected based on its performance history and transaction fee. These TRP funds don’t have sales load and transaction fee. The funds are ranked with 4 star rating or higher by Morningstar. You may find the fund review below and other fund information. I also have selected my favorite funds below.
The 30 best T. Rowe Price mutual funds for 2013 are:
- T. Rowe Price Capital Appreciation Fund
- T. Rowe Price New Horizons Fund
- T. Rowe Price Health Sciences Fund
- T. Rowe Price Media & Telecommunications Fund
- T. Rowe Price Summit Municipal Income Fund
- T. Rowe Price Retirement 2055 Fund
- T. Rowe Price Diversified Small Cap Growth Fund
- T. Rowe Price Global Real Estate Fund
- T. Rowe Price Growth Stock Fund
- T. Rowe Price Equity Income Fund
- T. Rowe Price New Income Fund
- T. Rowe Price Mid-Cap Growth Fund
- T. Rowe Price Blue Chip Growth Fund
- T. Rowe Price Value Fund
- T. Rowe Price Retirement 2020 Fund
- T. Rowe Price Retirement 2030 Fund
- T. Rowe Price Mid-Cap Value Fund
- T. Rowe Price Retirement 2040 Fund
- T. Rowe Price Small-Cap Stock Fund
- T. Rowe Price Small-Cap Value Fund
- T. Rowe Price Retirement 2035 Fund
- T. Rowe Price Retirement 2010 Fund
- T. Rowe Price Balanced Fund
- T. Rowe Price Retirement 2045 Fund
- T. Rowe Price New America Growth Fund
- T. Rowe Price International Discovery Fund
- T. Rowe Price Dividend Growth Fund
- T. Rowe Price Tax-Free High Yield Fund
- T. Rowe Price Retirement Income Fund
- T. Rowe Price Summit Municipal Intermediate Fund
T. Rowe Price Capital Appreciation Fund (PRWCX)
This T. Rowe Price Capital Appreciation Fund uses its assets to purchase common stocks of established U.S. companies with above average growth potential. It has a dividend yield of 1.76%. David R. Giroux is the fund manager since 2006. This no load fund has total assets of $13 billion. The portfolio turnover rate is 81%. This fund’s shares price is $23.27.More: Best Mutual Funds for 2013
Morningstar has ranked this best mutual fund with 5 stars rating. It has returned 14.73% over the past year, 12.19% over the past 3 year, and 9.83% over the past decade. The best 1 year total return was achieved in 2209 with 33.05%.
As of January 2013, the top 3 holdings are Thermo Fisher Scientific Inc, Danaher Corporation, and United Technologies Corp. The top 3 sectors are consumer cyclical, industrials, and technology.
T. Rowe Price New Horizons Fund (PRNHX)
This T. Rowe Price New Horizons Fund is a 5 star mutual fund. The fund aim is to provide long term capital growth through investment in a diversified group of small, emerging growth companies stocks. It is managed by Henry Ellenbogen since 2010. It has a low expense ratio of 0.81%. The investment style is small growth.Morningstar analysts rank it with bronze rating. This best domestic stock mutual fund has 5 year annualized return of 11.10%. The fund’s NAV is $35.88. The share price has 52-week range of $32.57-$37.46. The top 3 stocks in its portfolio are Regeneron Pharmaceuticals Inc, Catamaran Corp, and Clean Harbors Inc.
T. Rowe Price Growth Stock Fund (PRGFX)
T. Rowe Price Growth Stock Fund is another top no load mutual fund. It has yield of 0.18%. The total assets are $30.4 billion. It invests mainly in common stocks of a diversified group of growth companies with growing dividend. The fund inception date is April 11, 1950. The fund manager is Robert Bartolo.You can buy this best T. Rowe Price mutual fund with $2,500 minimum initial funding. This fund is available to purchase from 104 brokerages. Some of the brokerages are UBS Financial Services Inc, E*TRADE Financial, Fidelity, Raymond James, JPMorgan, etc. The 5 year average return is 5.39%.
T. Rowe Price New Income Fund (PRCIX)
T. Rowe Price New Income Fund is one of the best bond mutual funds for 2013. It utilizes its assets to buy marketable debt securities such as U.S. government debts, corporate bonds, etc. It has been managed by Daniel O. Shackelford since 2002. The 12-month dividend yield is 3.00%. Its expense ratio is only 0.57%.If you invest in retirement account such as 401(k) or IRA, you can choose other fund’s classes such as Advantage Class (PANIX) and Class R (RRNIX). The RRNIX fund has 1.11% expense ratio. As one of the T. Rowe Price best mutual funds for 2013, the risk rating is below average. Its average effective duration is 5.09 years.
T. Rowe Price Tax-Free High Yield Fund (PRFHX)
This T. Rowe Price Tax-Free High Yield Fund objective is to provide high interest income that is exempted from federal income tax rate. It invests majority of assets in non-investment grade municipal bonds. This T. Rowe Price mutual fund has a high yield of 4.24%. Its expense ratio is only 0.68% per year.Ranked with gold rating, it has YTD return of 13.65% in 2012. The average 3 year return is 9.42%. The current share price is $9.42. As one of the best T. Rowe Price mutual funds for 2013, the top 2 bond sectors are health, and industrial.
T. Rowe Price Retirement Income Fund (TRRIX)
This T. Rowe Price Retirement Income Fund is suitable for passive investors or retirees who seek to get regular income. As the top retirement income mutual fund, it invests in stocks, bonds, and money market fund. The yield is 1.71% and it has a low expense fee of 0.57%. The portfolio turnover rate is also low, 20.7%.This best fund of funds has returned 8.55% over the past year, and 6.80% over the past 10 year. The Morningstar analysts have ranked it with gold rating. The top 3 funds in its assets are T. Rowe Price Inflation Focused Bond (29.56%), T. Rowe Price Equity Index 500 (22.99%), and T. Rowe Price New Income (18.82%).
T. Rowe Price Health Sciences Fund (PRHSX)
The T. Rowe Price Health Sciences Fund focuses its investment in common stocks of companies involved in the research, development, production, or distribution of products or services related to health care, medicine, or the life sciences. It is ranked with 5 star and gold rating by Morningstar. The yield is only 0.30%. It has total assets of $5.0 billion.More: Best Vanguard Mutual Funds 2013
Managed by Kris H. Jenner, it has 3 year annualized return of 22.36%. The top 2 stocks are Alexion Pharmaceuticals Inc, Catamaran Corp, and Gilead Sciences Inc. The fund’s NAV is $45.00.
Disclosure: No Position
Fund Information
| No | Fund Description | Category | Rating | Assets (M) |
|---|---|---|---|---|
| 1 | T. Rowe Price Capital Appreciation | Moderate Allocation | 5 | 13380.27 |
| 2 | T. Rowe Price New Horizons | Small Growth | 5 | 9726.61 |
| 3 | T. Rowe Price Health Sciences | Health | 5 | 5016.14 |
| 4 | T. Rowe Price Media & Telecommunications | Communications | 5 | 2298.21 |
| 5 | T. Rowe Price Summit Municipal Inc | Muni National Long | 5 | 824.02 |
| 6 | T. Rowe Price Retirement 2055 | Target Date 2051+ | 5 | 477.27 |
| 7 | T. Rowe Price Diversified Sm Cap Growth | Small Growth | 5 | 395.61 |
| 8 | T. Rowe Price Global Real Estate | Global Real Estate | 5 | 130.68 |
| 9 | T. Rowe Price Growth Stock | Large Growth | 4 | 27353.79 |
| 10 | T. Rowe Price Equity Income | Large Value | 4 | 22111.21 |
| 11 | T. Rowe Price New Income | Intermediate-Term Bond | 4 | 20367.64 |
| 12 | T. Rowe Price Mid-Cap Growth | Mid-Cap Growth | 4 | 16860.06 |
| 13 | T. Rowe Price Blue Chip Growth | Large Growth | 4 | 13692.27 |
| 14 | T. Rowe Price Value | Large Value | 4 | 13319.17 |
| 15 | T. Rowe Price Retirement 2020 | Target Date 2016-2020 | 4 | 12611.52 |
| 16 | T. Rowe Price Retirement 2030 | Target Date 2026-2030 | 4 | 10773.45 |
| 17 | T. Rowe Price Mid-Cap Value | Mid-Cap Value | 4 | 8436.77 |
| 18 | T. Rowe Price Retirement 2040 | Target Date 2036-2040 | 4 | 7138.94 |
| 19 | T. Rowe Price Small-Cap Stock | Small Growth | 4 | 7070.81 |
| 20 | T. Rowe Price Small-Cap Value | Small Blend | 4 | 6743.54 |
| 21 | T. Rowe Price Retirement 2035 | Target Date 2031-2035 | 4 | 5652.67 |
| 22 | T. Rowe Price Retirement 2010 | Target Date 2000-2010 | 4 | 4629.13 |
| 23 | T. Rowe Price Balanced | Moderate Allocation | 4 | 3362.49 |
| 24 | T. Rowe Price Retirement 2045 | Target Date 2041-2045 | 4 | 3123.88 |
| 25 | T. Rowe Price New America Growth | Large Growth | 4 | 3117.83 |
| 26 | T. Rowe Price International Discovery | Foreign Small/Mid Growth | 4 | 2910.06 |
| 27 | T. Rowe Price Dividend Growth | Large Blend | 4 | 2584.01 |
| 28 | T. Rowe Price Tax-Free High Yield | High Yield Muni | 4 | 2553.86 |
| 29 | T. Rowe Price Retirement Income | Retirement Income | 4 | 2340.83 |
| 30 | T. Rowe Price Summit Municipal Intm | Muni National Interm | 4 | 2296.25 |
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