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PRNHX T. Rowe Price New Horizons

  • Fund
  • PRNHX
  • Price as of: Dec 15, 2017
  • $52.21
  • - $3.88
  • - 6.92%
  • Category
  • Small Cap Growth Equities

PRNHX - Profile

Vitals

  • YTD Return 20.5%
  • 3 Yr Annualized Return 14.2%
  • 5 Yr Annualized Return 18.8%
  • Net Assets $22 B
  • Holdings in Top 10 22.3%

52 WEEK LOW AND HIGH

$52.21
$43.31
$56.56

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)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 20.5%
  • 3 Yr Annualized Total Return 14.2%
  • 5 Yr Annualized Total Return 18.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.31%
DIVIDENDS
  • 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.

PRNHX - Performance

Return Ranking - Trailing

Period PRNHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.5% -81.5% 36.7% 25.08% 2
1 Yr 28.6% -22.5% 49.1% 11.06% 1
3 Yr 14.2% * -11.1% 20.0% 8.58% 1
5 Yr 18.8% * -9.9% 19.9% 1.25% 1
10 Yr 13.1% * -8.2% 13.3% 0.58% 1

* Annualized


Return Ranking - Calendar

Period PRNHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.0% -71.6% 25.7% 72.62% 4
2015 -3.0% -70.7% 14.9% 17.49% 2
2014 -5.4% -57.2% 35.1% 40.46% 3
2013 39.5% -32.6% 61.3% 17.91% 1
2012 6.9% -100.0% 30.8% 64.09% 4

Total Return Ranking - Trailing

Period PRNHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 20.5% -81.5% 36.7% 25.16% 2
1 Yr 28.6% -31.1% 291.3% 9.68% 1
3 Yr 14.2% * -43.2% 166.8% 7.20% 1
5 Yr 18.8% * -7.9% 19.9% 1.08% 1
10 Yr 13.1% * -5.4% 13.3% 0.58% 1

* Annualized


Total Return Ranking - Calendar

Period PRNHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.0% -71.6% 25.7% 73.81% 4
2015 4.8% -37.2% 38.5% 7.99% 1
2014 6.9% -23.4% 66.8% 19.30% 1
2013 74.4% -32.6% 6103.1% 23.92% 2
2012 30.0% -100.0% 400.5% 26.48% 2

NAV & Total Return History

PRNHX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

PRNHX Category Low Category High PRNHX % Rank Quintile
Net Assets 22 B 37.3 K 21.8 B 0.16% 1
Number of Holdings 189 1 3439 7.09% 1
Net Assets in Top 10 4.35 B -2.31 M 4.35 B 0.16% 1
Weighting of Top 10 22.3% 0.0% 100.1% 13.70% 2

Top 10 Holdings

  1. Roper Technologies Inc 1.74%
  2. Vail Resorts Inc 3.24%
  3. SS&C Technologies Holdings Inc 2.21%
  4. Waste Connections Inc 1.95%
  5. Burlington Stores Inc 1.81%
  6. Cboe Global Markets Inc 2.10%
  7. Liberty Ventures Group A 1.59%
  8. CoStar Group Inc 1.65%
  9. Reserve Invt Fds 4.42%
  10. TransUnion 1.58%

Asset Allocation

Weighting Category Low Category High PRNHX % Rank Quintile
Stocks
94.88% 0.00% 101.45% 23.15% 4
Other
5.03% -4.47% 10.12% 1.10% 1
Bonds
0.09% -8.02% 78.91% 1.73% 1
Preferred Stocks
0.00% 0.00% 10.15% 4.41% 5
Convertible Bonds
0.00% 0.00% 28.89% 1.10% 5
Cash
0.00% -1.45% 100.00% 28.66% 5

Stock Sector Breakdown

Weighting Category Low Category High PRNHX % Rank Quintile
Technology
24.75% 1.06% 70.71% 18.43% 3
Industrials
18.84% 0.50% 28.90% 8.66% 1
Healthcare
18.26% 1.15% 64.98% 15.91% 3
Consumer Cyclical
14.26% 0.12% 28.09% 13.23% 2
Financial Services
6.77% -2.02% 28.25% 23.15% 4
Consumer Defense
5.31% -5.99% 13.27% 8.50% 2
Real Estate
3.04% -0.36% 19.53% 14.65% 2
Energy
1.61% 0.00% 12.05% 17.32% 3
Communication Services
1.35% -0.97% 6.07% 8.66% 2
Basic Materials
0.60% 0.00% 16.04% 31.50% 5
Utilities
0.00% -0.44% 5.55% 12.60% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRNHX % Rank Quintile
US
88.67% 0.00% 100.00% 29.61% 5
Non US
6.21% 0.00% 93.68% 5.20% 1

Bond Sector Breakdown

Weighting Category Low Category High PRNHX % Rank Quintile
Corporate
0.09% 0.00% 47.74% 5.77% 1
Derivative
0.00% -0.05% 1.16% 0.64% 5
Cash & Equivalents
0.00% -1.59% 100.00% 30.29% 5
Securitized
0.00% 0.00% 20.05% 0.32% 5
Municipal
0.00% 0.00% 0.34% 0.32% 5
Government
0.00% -16.72% 23.42% 1.76% 5

Bond Geographic Breakdown

Weighting Category Low Category High PRNHX % Rank Quintile
US
0.09% -11.13% 58.86% 1.73% 1
Non US
0.00% 0.00% 20.05% 0.47% 5

PRNHX - Expenses

Operational Fees

PRNHX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.06% 27.39% 30.71% 1
Management Fee 0.64% 0.05% 1.50% 7.24% 1
12b-1 Fee 0.00% 0.00% 1.00% 3.86% 1
Administrative Fee 0.15% 0.00% 0.40% 3.01% 5

Sales Fees

PRNHX Fees (% of AUM) Category Low Category High PRNHX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

PRNHX Fees (% of AUM) Category Low Category High PRNHX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRNHX Fees (% of AUM) Category Low Category High PRNHX Rank Quintile
Turnover 42.00% 4.00% 818.00% 17.32% 2

PRNHX - Distributions

Dividend Yield Analysis

PRNHX Category Low Category High PRNHX % Rank Quintile
Dividend Yield 0.0% 0.00% 15.65% 69.33% 4

Dividend Distribution Analysis

PRNHX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRNHX Category Low Category High PRNHX % Rank Quintile
Net Income Ratio -0.31% -2.29% 2.14% 15.28% 2

Capital Gain Distribution Analysis

PRNHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PRNHX - Managers

Henry M. Ellenbogen

Manager

Start Date

Mar 01, 2010

Tenure

7.76

Tenure Rank

7.8%

Henry Ellenbogen is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. He is the portfolio manager and Investment Advisory Committee chairman of the New Horizons Fund, which earned a Lipper Fund Award(1) on March 14, 2013. He is also a vice president and Investment Advisory Committee member of the Media & Telecommunications, Mid-Cap Growth, Mid-Cap Value, and Global Technology Funds. He is a vice president of T. Rowe Price International Funds, Inc.


Tenure Analysis

Category Low

0.0

Category High

45.0

Category Average

6.77

Category Mode

0.7