PRNHX T. Rowe Price New Horizons

Vitals

• YTD Return 17.6%
• 3 Yr Annualized Return 2.4%
• 5 Yr Annualized Return 8.5%
• Net Assets $19.6 B
• Holdings in Top 10 20.1%

52 WEEK LOW AND HIGH

Expenses

OPERATING RELATED FEES

• Expense Ratio 0.79%

SALES FEES

• Front Load N/A
• Deferred Load N/A

BROKERAGE FEES

• Turnover 42.00%

TRADING FEES

• Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2013-12-31

STANDARD (TAXABLE)

IRA

Investment Themes

CATEGORY

• Fund Type Open End Mutual Fund
• Investment Style Small Growth

Distributions

• YTD Total Return 17.6%
• 3 Yr Annualized Total Return 9.2%
• 5 Yr Annualized Total Return 21.2%
• Capital Gain Distribution Frequency Annually
• Net Income Ratio -0.31%

• Dividend Yield 0.0%
• Dividend Distribution Frequency Annually

Fund Details

• Legal Name T. Rowe Price New Horizons Fund
• Fund Family Name T. Rowe Price
• Inception Date Jun 03, 1960
• Shares Outstanding N/A
• Share Class No Load
• Currency USD
• Domiciled Country United States
• Manager Henry M. Ellenbogen

Fund Description

The T. Rowe Price New Horizons Fund (PRNHX) is an actively managed mutual fund managed by T. Rowe Price. The fund focuses on investing in small-cap companies with growth potential. The fund offers opportunities for capital appreciation and long term growth from small companies. The fund aims to compile a diversified group of small, emerging growth companies. Many of these companies are in their early stages of development and have not yet been realized by the overall market. The fund is diversified on a sector basis, with its largest holdings in the technology, industrial goods, healthcare and consumer cyclical sectors. While the majority of its holdings are based in the Americas region, it does have some exposure to international markets.

The fund’s management team seeks companies that have effective management, operations in growth areas, continuing research, development and marketing, efficient service, pricing flexibility, and good accounting practices. The fund is subject to regular stock market prices as well as risks related to the investment in small-cap, less stable companies. This fund may be ideal for an investors who seeks the small-cap growth potential but would like to avoid buying single stocks or seek exposure to multiple small companies across several industries. Companies that are considered small-cap can often be much more volatile than larger companies and can be greatly impacted by a declining market.

The was launched on June 2, 1960 and has been managed by Henry Ellenbogen since April 2001. It aims to have an aggressive management style and to offer a higher than average risk/reward to investors. The fund requires a minimum initial investment of $2,500, or $1,000 for IRA accounts. Each additional investment has a minimum of $100. The fund currently has assets under management (AUM) of about $15 billion.