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PRWAX T. Rowe Price New America Growth

  • Fund
  • PRWAX
  • Price as of: Feb 24, 2017
  • $44.30
  • + $0.16
  • + 0.36%
  • Category
  • Large Cap Growth Equities

PRWAX - Profile

Vitals

  • YTD Return 10.5%
  • 3 Yr Annualized Return 9.0%
  • 5 Yr Annualized Return 13.5%
  • Net Assets $3.57 B
  • Holdings in Top 10 37.6%

52 WEEK LOW AND HIGH

$44.30
$38.05
$44.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 10.5%
  • 3 Yr Annualized Total Return 9.0%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.14%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price New America Growth Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Sep 30, 1985
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Justin P. White

Fund Description

The T. Rowe Price New America Growth Fund (PRWAX) is a low-cost, actively managed fund that seeks long-term growth of capital. The fund makes sector bets by using fundamental screening to determine which sectors of the U.S. economy are the fastest growing or have the greatest growth potential. The fund overweights stocks in these sectors. Holdings can range from small- to large-caps.

Given the fund’s unique take on growth at the sector level, PRWAX can be used as a great subcore position in a portfolio. The fund is managed by T. Rowe Price.

PRWAX - Performance

Return Ranking - Trailing

Period PRWAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.5% -97.0% 17.4% 3.00% 1
1 Yr 18.3% -52.0% 75.7% 19.62% 1
3 Yr 9.0% * -15.1% 30.2% 31.29% 2
5 Yr 13.5% * 3.7% 17.8% 25.59% 2
10 Yr 9.3% * -0.1% 12.2% 4.31% 1

* Annualized


Return Ranking - Calendar

Period PRWAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -4.5% -56.6% 121.2% 67.74% 4
2015 -0.1% -40.3% 11.4% 24.51% 2
2014 -4.9% -30.1% 42.9% 76.93% 5
2013 23.0% -11.8% 56.4% 66.62% 4
2012 12.9% -21.6% 29.1% 57.82% 3

Total Return Ranking - Trailing

Period PRWAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.5% -97.0% 14.5% 2.75% 1
1 Yr 18.3% -71.3% 2606.2% 15.13% 1
3 Yr 9.0% * -21.9% 43.7% 27.61% 2
5 Yr 13.5% * 2.5% 17.8% 22.86% 2
10 Yr 9.3% * -0.7% 12.2% 4.05% 1

* Annualized


Total Return Ranking - Calendar

Period PRWAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -4.5% -56.6% 126.1% 71.27% 4
2015 9.6% -17.8% 28.8% 10.43% 1
2014 11.8% -10.0% 382.6% 53.55% 3
2013 63.7% -2.9% 615.0% 14.23% 1
2012 25.9% -100.0% 357.8% 40.23% 3

NAV & Total Return History

PRWAX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

PRWAX Category Low Category High PRWAX % Rank Quintile
Net Assets 3.57 B 373 K 152 B 4.88% 2
Number of Holdings 86 1 2206 7.84% 2
Net Assets in Top 10 1.3 B 0 36.1 B 4.43% 2
Weighting of Top 10 37.6% 0.0% 150.9% 11.83% 2

Top 10 Holdings

  1. Amazon.com Inc 7.03%
  2. Apple Inc 4.81%
  3. Alphabet Inc C 4.19%
  4. Facebook Inc A 5.12%
  5. Mastercard Inc A 2.83%
  6. American Tower Corp 2.27%
  7. Comcast Corp Class A 3.56%
  8. PayPal Holdings Inc 3.05%
  9. Visa Inc Class A 2.43%
  10. Microsoft Corp 2.29%

Asset Allocation

Weighting Category Low Category High PRWAX % Rank Quintile
Stocks
98.02% 0.00% 110.91% 9.38% 3
Cash
1.64% -10.91% 100.00% 12.60% 3
Other
0.34% -1.57% 24.55% 5.27% 2
Preferred Stocks
0.00% 0.00% 5.97% 2.51% 2
Convertible Bonds
0.00% 0.00% 3.59% 0.77% 2
Bonds
0.00% -2.03% 77.67% 3.08% 2

Stock Sector Breakdown

Weighting Category Low Category High PRWAX % Rank Quintile
Technology
24.22% -1.29% 53.59% 16.71% 3
Consumer Cyclical
21.87% -2.22% 43.89% 4.63% 1
Financial Services
15.54% -2.38% 38.58% 8.87% 2
Healthcare
12.66% -1.03% 93.48% 18.96% 4
Communication Services
9.04% 0.00% 12.93% 0.84% 1
Industrials
6.09% -0.37% 27.24% 22.69% 5
Consumer Defense
5.47% -1.43% 29.99% 17.10% 4
Basic Materials
1.29% -1.18% 12.25% 17.48% 4
Utilities
1.01% -0.77% 8.65% 5.27% 1
Energy
0.37% -1.24% 16.88% 21.27% 5
Real Estate
0.34% -0.63% 11.06% 12.85% 3

Stock Geographic Breakdown

Weighting Category Low Category High PRWAX % Rank Quintile
US
93.43% 0.00% 110.91% 13.56% 3
Non US
4.59% 0.00% 90.52% 13.37% 3

PRWAX - Expenses

Operational Fees

PRWAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% 0.00% 24.91% 14.08% 1
Management Fee 0.64% 0.00% 1.50% 2.83% 3
12b-1 Fee 0.00% 0.00% 1.00% 2.21% 1
Administrative Fee 0.15% 0.00% 1.00% 1.65% 4

Sales Fees

PRWAX Fees (% of AUM) Category Low Category High PRWAX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

PRWAX Fees (% of AUM) Category Low Category High PRWAX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% 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.

PRWAX Fees (% of AUM) Category Low Category High PRWAX Rank Quintile
Turnover 81.00% 0.00% 601.00% 5.40% 4

PRWAX - Distributions

Dividend Yield Analysis

PRWAX Category Low Category High PRWAX % Rank Quintile
Dividend Yield 0.2% 0.00% 2.85% 18.68% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRWAX Category Low Category High PRWAX % Rank Quintile
Net Income Ratio -0.14% -7.69% 3.70% 11.90% 4

Capital Gain Distribution Analysis

PRWAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRWAX - Managers

Justin P. White

Manager

Start Date

Apr 01, 2016

Tenure

0.84

Tenure Rank

12.0%

Mr. White joined T. Rowe Price in 2008, and his investment experience dates from that time. Since joining the Firm, he has served as an equity research analyst.


Tenure Analysis

Category Low

0.0

Category High

49.1

Category Average

7.31

Category Mode

2.8