T. Rowe Price New Horizons
- PRNHX
- Price as of: Nov 27, 2020
-
$87.94
N/A N/A
- Primary Theme
- U.S. Mid-Cap Growth Equity
- Fund Company
- T. Rowe Price
- Share Class
PRNHX - Snapshot
Vitals
- YTD Return 50.2%
- 3 Yr Annualized Return 25.9%
- 5 Yr Annualized Return 22.3%
- Net Assets $34 B
- Holdings in Top 10 23.8%
52 WEEK LOW AND HIGH
$87.94
$45.76
$89.18
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.76%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 45.80%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
Closed to new investors as of Dec 31, 2013
- Standard (Taxable) $2,500
- IRA $1,000
Fund Classification
-
Primary Theme
U.S. Mid-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Mid-Cap Growth
PRNHX - Profile
Distributions
- YTD Total Return 50.2%
- 3 Yr Annualized Total Return 25.9%
- 5 Yr Annualized Total Return 22.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.33%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameT. Rowe Price New Horizons Fund
-
Fund Family NameT. Rowe Price
-
Inception DateJun 03, 1960
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoshua Spencer
Fund Description
The fund invests primarily in a diversified group of small, emerging growth companies, preferably early in their corporate life cycle before the companies become widely recognized by the investment community. It may also invest in companies that offer the possibility of accelerating earnings growth because of rejuvenated management, new products, or structural changes in the economy.
PRNHX - Performance
Return Ranking - Trailing
| Period | PRNHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 50.2% | -71.1% | 2371.6% | 11.53% |
| 1 Yr | 45.7% | -14.4% | 114.6% | 8.01% |
| 3 Yr | 25.9%* | -3.5% | 47.4% | 7.01% |
| 5 Yr | 22.3%* | -1.0% | 37.5% | 5.38% |
| 10 Yr | 20.4%* | 4.3% | 20.6% | 0.98% |
* Annualized
Return Ranking - Calendar
| Period | PRNHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 23.2% | -50.2% | 44.9% | 62.31% |
| 2018 | -8.3% | -70.5% | 9.2% | 21.63% |
| 2017 | 21.4% | -21.1% | 84.9% | 26.33% |
| 2016 | 2.0% | -61.7% | 39.8% | 46.30% |
| 2015 | -3.0% | -54.0% | 12.2% | 28.94% |
Total Return Ranking - Trailing
| Period | PRNHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 50.2% | -71.3% | 2371.6% | 11.53% |
| 1 Yr | 45.7% | -18.9% | 114.6% | 7.69% |
| 3 Yr | 25.9%* | -4.7% | 47.4% | 6.67% |
| 5 Yr | 22.3%* | -1.0% | 37.5% | 4.84% |
| 10 Yr | 20.4%* | 4.3% | 20.6% | 0.98% |
* Annualized
Total Return Ranking - Calendar
| Period | PRNHX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 23.2% | -50.2% | 44.9% | 62.31% |
| 2018 | -8.3% | -51.7% | 12.2% | 42.73% |
| 2017 | 21.4% | -7.0% | 84.9% | 66.48% |
| 2016 | 2.0% | -61.7% | 39.8% | 70.16% |
| 2015 | -3.0% | -54.0% | 12.2% | 62.20% |
NAV & Total Return History
PRNHX - Holdings
Concentration Analysis
| PRNHX | Category Low | Category High | PRNHX % Rank | |
|---|---|---|---|---|
| Net Assets | 34 B | 919 K | 34 B | 0.32% |
| Number of Holdings | 172 | 13 | 2566 | 10.84% |
| Net Assets in Top 10 | 7.69 B | 181 K | 7.69 B | 0.32% |
| Weighting of Top 10 | 23.78% | 3.3% | 94.2% | 51.46% |
Top 10 Holdings
- T. Rowe Price Gov. Reserve 2.76%
- Paylocity Holding Corp 2.72%
- Veeva Systems Inc Class A 2.49%
- DocuSign Inc 2.47%
- Coupa Software Inc 2.44%
- Datadog Inc Class A 2.39%
- Eurofins Scientific SE 2.32%
- Eurofins Scientific SE 2.32%
- Eurofins Scientific SE 2.32%
- Eurofins Scientific SE 2.32%
Asset Allocation
| Weighting | Return Low | Return High | PRNHX % Rank | |
|---|---|---|---|---|
| Stocks | 97.18% | 23.73% | 139.77% | 75.24% |
| Cash | 2.76% | -55.75% | 39.68% | 22.98% |
| Bonds | 0.05% | 0.00% | 16.44% | 5.66% |
| Preferred Stocks | 0.00% | 0.00% | 1.64% | 74.43% |
| Other | 0.00% | -41.95% | 75.09% | 75.89% |
| Convertible Bonds | 0.00% | 0.00% | 1.20% | 72.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PRNHX % Rank | |
|---|---|---|---|---|
| Technology | 34.67% | 0.00% | 59.48% | 22.49% |
| Healthcare | 26.12% | 0.00% | 39.13% | 16.67% |
| Industrials | 15.85% | 0.00% | 43.94% | 27.67% |
| Consumer Cyclical | 8.79% | 0.00% | 65.22% | 89.16% |
| Communication Services | 5.98% | 0.00% | 22.10% | 37.38% |
| Real Estate | 3.47% | 0.00% | 14.36% | 39.81% |
| Financial Services | 3.38% | 0.00% | 40.21% | 80.58% |
| Consumer Defense | 1.73% | 0.00% | 15.89% | 72.01% |
| Utilities | 0.00% | 0.00% | 5.37% | 81.23% |
| Energy | 0.00% | 0.00% | 60.50% | 84.30% |
| Basic Materials | 0.00% | 0.00% | 17.56% | 92.56% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PRNHX % Rank | |
|---|---|---|---|---|
| US | 79.62% | 23.51% | 139.77% | 94.50% |
| Non US | 17.56% | 0.00% | 31.43% | 2.10% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PRNHX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 98.13% | 0.00% | 100.00% | 85.62% |
| Corporate | 1.87% | 0.00% | 100.00% | 12.89% |
| Derivative | 0.00% | 0.00% | 0.77% | 73.22% |
| Securitized | 0.00% | 0.00% | 37.79% | 73.39% |
| Municipal | 0.00% | 0.00% | 0.19% | 73.06% |
| Government | 0.00% | 0.00% | 65.18% | 74.05% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PRNHX % Rank | |
|---|---|---|---|---|
| US | 0.05% | 0.00% | 12.51% | 5.50% |
| Non US | 0.00% | 0.00% | 3.93% | 72.82% |
PRNHX - Expenses
Operational Fees
| PRNHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.76% | 0.05% | 27.43% | 84.38% |
| Management Fee | 0.64% | 0.00% | 1.50% | 23.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 19.73% |
| Administrative Fee | 0.15% | 0.01% | 0.40% | 80.18% |
Sales Fees
| PRNHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| PRNHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.20% | 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.
| PRNHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 45.80% | 1.00% | 457.00% | 49.09% |
PRNHX - Distributions
Dividend Yield Analysis
| PRNHX | Category Low | Category High | PRNHX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 32.95% | 75.48% |
Dividend Distribution Analysis
| PRNHX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| PRNHX | Category Low | Category High | PRNHX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.33% | -2.48% | 1.52% | 51.32% |
Capital Gain Distribution Analysis
| PRNHX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
PRNHX - Fund Manager Analysis
Managers
Joshua Spencer
Start Date
Tenure
Tenure Rank
Mar 31, 2019
1.59
1.6%
Joshua Spencer is the lead portfolio manager for the US Small-Cap Growth Equity Strategy, including the New Horizons Strategy. He was previously the portfolio manager of the Global Technology Equity Strategy for nearly seven years. Mr. Spencer is a vice president of T. Rowe Price Group, Inc. He earned a B.A. in economics from Johns Hopkins University, an M.A. in economics from the University of Chicago, and an M.B.A. in finance and accounting from the University of Chicago Booth School of Business. He has also earned the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.06 | 34.72 | 8.21 | 0.67 |