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PRNHX T. Rowe Price New Horizons

  • Fund
  • PRNHX
  • Price as of: Apr 23, 2019
  • $59.04 + $0.74 + 1.27%
  • Category
  • Small Cap Growth Equities

PRNHX - Profile

Vitals

  • YTD Return 22.5%
  • 3 Yr Annualized Return 12.3%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $26.1 B
  • Holdings in Top 10 22.2%

52 WEEK LOW AND HIGH

$59.04
$45.17
$66.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.77%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.30%

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 22.5%
  • 3 Yr Annualized Total Return 12.3%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.24%
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

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 (%)
YTD 22.5% 4.4% 30.7% 33.68%
1 Yr 6.1% -45.8% 29.3% 11.75%
3 Yr 12.3%* -44.2% 28.1% 17.34%
5 Yr 5.5%* -30.1% 18.1% 21.21%
10 Yr 12.1%* -12.0% 19.6% 20.57%

* Annualized


Return Ranking - Calendar

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -54.2% 21.5% 11.55%
2017 21.4% -73.6% 37.0% 19.21%
2016 2.0% -49.0% 25.7% 82.87%
2015 -3.0% -70.7% 14.9% 16.38%
2014 -5.4% -41.2% 17.3% 41.67%

Total Return Ranking - Trailing

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.5% 4.4% 30.7% 33.68%
1 Yr 6.1% -45.8% 30.1% 29.69%
3 Yr 12.3%* -9.1% 28.1% 42.40%
5 Yr 5.5%* -12.9% 18.1% 53.13%
10 Yr 12.1%* -2.9% 30.6% 60.13%

* Annualized


Total Return Ranking - Calendar

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -54.2% 22.2% 29.28%
2017 21.4% -6.8% 42.0% 43.63%
2016 2.0% -15.1% 32.0% 90.58%
2015 -3.0% -35.5% 19.3% 40.73%
2014 -5.4% -36.4% 17.3% 72.52%

NAV & Total Return History

PRNHX - Holdings

Concentration Analysis

PRNHX Category Low Category High PRNHX % Rank
Net Assets 26.1 B 7.4 M 26.1 B 0.21%
Number of Holdings 200 6 2530 17.45%
Net Assets in Top 10 4.36 B 1.08 M 4.36 B 0.21%
Weighting of Top 10 22.24% 5.4% 100.0% 35.32%

Top 10 Holdings

  1. Vail Resorts Inc 3.09%

  2. Bright Horizons Family Solutions Inc 2.63%

  3. Burlington Stores Inc 2.57%

  4. Tableau Software Inc A 2.26%

  5. TransUnion 2.06%

  6. Gartner Inc A 2.05%

  7. Black Knight Inc A 1.98%

  8. Waste Connections Inc 1.95%

  9. Cboe Global Markets Inc 1.85%

  10. Shopify Inc A 1.79%


Asset Allocation

Weighting Return Low Return High PRNHX % Rank
Stocks
99.36% 10.17% 113.20% 12.11%
Cash
0.42% -2.50% 16.66% 88.50%
Bonds
0.17% -28.06% 83.15% 1.64%
Other
0.04% -12.59% 6.58% 16.63%
Preferred Stocks
0.00% 0.00% 7.91% 64.48%
Convertible Bonds
0.00% 0.00% 0.16% 61.19%

Stock Sector Breakdown

Weighting Return Low Return High PRNHX % Rank
Technology
28.87% 0.99% 80.95% 29.98%
Industrials
20.10% 1.05% 29.02% 17.04%
Healthcare
17.08% 1.32% 62.91% 64.89%
Consumer Cyclical
12.38% 0.00% 35.58% 65.91%
Financial Services
6.71% -2.38% 29.04% 64.27%
Consumer Defense
4.74% 0.00% 11.55% 42.92%
Real Estate
3.89% 0.00% 13.63% 22.18%
Communication Services
3.12% 0.00% 8.20% 2.87%
Basic Materials
1.58% 0.00% 18.58% 87.27%
Energy
0.82% 0.00% 11.50% 79.67%
Utilities
0.06% 0.00% 5.44% 33.68%

Stock Geographic Breakdown

Weighting Return Low Return High PRNHX % Rank
US
85.00% 3.20% 100.00% 93.63%
Non US
14.36% 0.00% 96.31% 4.52%

Bond Sector Breakdown

Weighting Return Low Return High PRNHX % Rank
Cash & Equivalents
0.42% -2.50% 16.66% 90.33%
Corporate
0.17% -21.06% 25.70% 10.08%
Derivative
0.00% 0.00% 0.09% 60.91%
Securitized
0.00% 0.00% 18.25% 60.91%
Municipal
0.00% 0.00% 0.33% 60.70%
Government
0.00% 0.00% 39.06% 60.91%

Bond Geographic Breakdown

Weighting Return Low Return High PRNHX % Rank
US
0.17% -28.45% 57.63% 1.64%
Non US
0.00% 0.00% 25.52% 60.99%

PRNHX - Expenses

Operational Fees

PRNHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.06% 4.84% 93.22%
Management Fee 0.64% 0.05% 1.59% 15.61%
12b-1 Fee 0.00% 0.00% 1.00% 13.38%
Administrative Fee 0.15% 0.00% 0.40% 76.90%

Sales Fees

PRNHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 39.30% 3.00% 818.00% 33.88%

PRNHX - Distributions

Dividend Yield Analysis

PRNHX Category Low Category High PRNHX % Rank
Dividend Yield 0.00% 0.00% 0.02% 63.86%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRNHX Category Low Category High PRNHX % Rank
Net Income Ratio -0.24% -2.81% 1.79% 25.05%

Capital Gain Distribution Analysis

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

PRNHX - Managers

Tenure Analysis

Category Low

0.0

Category High

46.44

Category Average

7.74

Category Mode

1.92