PNAIX: T. Rowe Price New America Growth I

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PNAIX T. Rowe Price New America Growth I

  • Fund
  • PNAIX
  • Price as of: Jan 16, 2020
  • $57.43
    + $0.50 + 0.88%

Profile

PNAIX - Profile

Vitals

  • YTD Return 4.9%
  • 3 Yr Annualized Return 22.7%
  • 5 Yr Annualized Return 15.3%
  • Net Assets $5.62 B
  • Holdings in Top 10 40.7%

52 WEEK LOW AND HIGH

$57.43
$46.20
$57.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

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

BROKERAGE FEES

  • Turnover 77.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 22.7%
  • 5 Yr Annualized Total Return 15.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    T. Rowe Price New America Growth Fund I Class
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 17, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Justin White

Fund Description

The fund invests primarily (at least 65% of its total assets) in common stocks of U.S. companies operating in those sectors of the economy that, in T. Rowe Price's view, are the fastest growing or have the greatest growth potential. It may invest in foreign stocks in keeping with the fund's objective. The fund may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.


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Performance

PNAIX - Performance

Return Ranking - Trailing

Period PNAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.0% 9.6% 24.21%
1 Yr 35.2% -68.8% 49.8% 6.92%
3 Yr 22.7%* -45.2% 28.1% 2.46%
5 Yr 15.3%* -36.3% 17.5% 1.69%
10 Yr 15.3%* -18.1% 17.3% 2.76%

* Annualized

Return Ranking - Calendar

Period PNAIX Return Category Return Low Category Return High Rank in Category (%)
2019 26.0% -67.9% 49.9% 36.18%
2018 -9.5% -65.5% 13.4% 33.96%
2017 19.8% -46.3% 37.5% 45.72%
2016 -4.5% -43.3% 15.3% 73.31%
2015 N/A -38.0% 11.4% N/A

Total Return Ranking - Trailing

Period PNAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% 0.0% 9.6% 24.21%
1 Yr 35.2% -68.8% 49.8% 5.70%
3 Yr 22.7%* -45.2% 35.6% 3.14%
5 Yr 15.3%* -36.3% 18.2% 4.69%
10 Yr 15.3%* -18.1% 17.8% 4.77%

* Annualized

Total Return Ranking - Calendar

Period PNAIX Return Category Return Low Category Return High Rank in Category (%)
2019 26.0% -67.9% 49.9% 36.18%
2018 -9.5% -65.5% 16.5% 57.03%
2017 19.8% -28.2% 51.5% 77.01%
2016 -4.5% -43.3% 17.1% 88.57%
2015 N/A -38.0% 17.3% N/A

NAV & Total Return History


Holdings

PNAIX - Holdings

Concentration Analysis

PNAIX Category Low Category High PNAIX % Rank
Net Assets 5.62 B 1.21 M 201 B 21.10%
Number of Holdings 82 1 2071 34.14%
Net Assets in Top 10 2.1 B 434 K 53.6 B 22.08%
Weighting of Top 10 40.68% 11.2% 100.0% 46.27%

Top 10 Holdings

  1. Microsoft Corp 6.84%
  2. Alphabet Inc Class C 6.51%
  3. Amazon.com Inc 6.49%
  4. Apple Inc 3.83%
  5. Facebook Inc A 3.50%
  6. Visa Inc Class A 3.21%
  7. Fleetcor Technologies Inc 2.76%
  8. Mastercard Inc A 2.55%
  9. Boeing Co 2.52%
  10. Texas Instruments Inc 2.46%

Asset Allocation

Weighting Return Low Return High PNAIX % Rank
Stocks
96.65% 83.84% 106.53% 82.06%
Cash
3.35% -6.52% 16.16% 15.90%
Preferred Stocks
0.00% 0.00% 2.51% 88.24%
Other
0.00% -0.57% 8.03% 86.36%
Convertible Bonds
0.00% 0.00% 0.67% 86.96%
Bonds
0.00% -0.51% 3.92% 87.79%

Stock Sector Breakdown

Weighting Return Low Return High PNAIX % Rank
Technology
42.76% 7.73% 54.94% 5.20%
Consumer Cyclical
13.69% 0.00% 52.42% 60.21%
Healthcare
11.60% 0.00% 52.57% 79.05%
Industrials
10.80% 0.00% 26.44% 29.31%
Financial Services
8.61% 0.00% 38.34% 80.93%
Utilities
4.26% 0.00% 9.99% 3.47%
Communication Services
3.04% 0.00% 31.01% 70.23%
Basic Materials
2.16% 0.00% 11.40% 37.83%
Real Estate
1.95% 0.00% 12.72% 47.55%
Consumer Defense
1.13% 0.00% 18.71% 85.91%
Energy
0.00% 0.00% 6.74% 95.18%

Stock Geographic Breakdown

Weighting Return Low Return High PNAIX % Rank
US
90.37% 80.62% 104.07% 70.23%
Non US
6.28% 0.00% 17.94% 31.95%

Expenses

PNAIX - Expenses

Operational Fees

PNAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.00% 165.48% 85.93%
Management Fee 0.64% 0.00% 1.40% 49.58%
12b-1 Fee N/A 0.00% 1.00% 11.45%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

PNAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PNAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

PNAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.70% 0.00% 807.00% 78.58%

Distributions

PNAIX - Distributions

Dividend Yield Analysis

PNAIX Category Low Category High PNAIX % Rank
Dividend Yield 0.00% 0.00% 47.99% 87.49%

Dividend Distribution Analysis

PNAIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PNAIX Category Low Category High PNAIX % Rank
Net Income Ratio 0.48% -2.06% 2.43% 24.10%

Capital Gain Distribution Analysis

PNAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

PNAIX - Fund Manager Analysis

Managers

Justin White


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.75

3.8%

Justin White is a portfolio manager in the U.S. Equity Division of T. Rowe Price. Prior to his current role, Mr. White was an equity analyst covering Internet infrastructure companies and cable/satellite and U.S. telecom companies. He is a vice president of T. Rowe Price Group, Inc. Mr. White joined the firm in 2008 after serving as an equity summer intern for T. Rowe Price in 2007. Prior to this, he was a senior analyst at the Analysis Group in Washington, D.C. Mr. White earned an A.B., magna cum laude, in applied mathematics and economics from Dartmouth College and an M.B.A. from the Tuck School of Business at Dartmouth, where he was a member of Phi Beta Kappa, graduated with highest distinction, and was an Edward Tuck Scholar. He also has earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 52.03 8.18 0.67