PRWAX: T. Rowe Price New America Growth

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PRWAX T. Rowe Price New America Growth

  • Fund
  • PRWAX
  • Price as of: Dec 05, 2019
  • $56.50
    + $0.04 + 0.07%

Profile

PRWAX - Profile

Vitals

  • YTD Return 30.0%
  • 3 Yr Annualized Return 10.1%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $5.53 B
  • Holdings in Top 10 40.7%

52 WEEK LOW AND HIGH

$56.50
$40.57
$57.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

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) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 29.9%
  • 3 Yr Annualized Total Return 10.1%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.32%
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.


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Performance

PRWAX - Performance

Return Ranking - Trailing

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.0% -69.0% 58.8% 24.31%
1 Yr 8.5% -84.7% 58.7% 57.27%
3 Yr 10.1%* -48.7% 31.4% 51.43%
5 Yr 3.1%* -35.0% 20.6% 59.85%
10 Yr 7.5%* -14.1% 17.7% 62.10%

* Annualized

Return Ranking - Calendar

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -65.5% 13.4% 33.88%
2017 19.8% -46.3% 37.5% 45.66%
2016 -4.5% -43.3% 15.3% 73.17%
2015 -0.1% -38.0% 11.4% 28.71%
2014 -4.9% -52.4% 105.4% 82.43%

Total Return Ranking - Trailing

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.9% -69.0% 58.1% 25.97%
1 Yr 8.5% -84.7% 58.7% 70.93%
3 Yr 10.1%* -48.7% 31.0% 74.02%
5 Yr 3.1%* -35.0% 19.2% 85.04%
10 Yr 7.5%* -14.2% 17.7% 86.30%

* Annualized

Total Return Ranking - Calendar

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -65.5% 16.5% 56.97%
2017 19.8% -28.2% 51.5% 77.08%
2016 -4.5% -43.3% 17.1% 88.62%
2015 -0.1% -38.0% 17.3% 62.51%
2014 -4.9% -52.4% 120.7% 93.35%

NAV & Total Return History


Holdings

PRWAX - Holdings

Concentration Analysis

PRWAX Category Low Category High PRWAX % Rank
Net Assets 5.53 B 1.25 M 199 B 21.35%
Number of Holdings 82 7 2081 34.70%
Net Assets in Top 10 2.1 B 429 K 53.6 B 21.27%
Weighting of Top 10 40.68% 11.9% 100.0% 43.17%

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 PRWAX % Rank
Stocks
96.65% 80.50% 105.55% 80.59%
Cash
3.35% -5.55% 16.25% 16.46%
Preferred Stocks
0.00% 0.00% 2.51% 27.80%
Other
0.00% -0.92% 3.79% 31.52%
Convertible Bonds
0.00% 0.00% 0.02% 17.70%
Bonds
0.00% 0.00% 3.92% 22.52%

Stock Sector Breakdown

Weighting Return Low Return High PRWAX % Rank
Technology
41.33% 7.37% 58.59% 8.85%
Consumer Cyclical
13.23% 0.00% 49.54% 67.70%
Healthcare
11.21% 0.00% 46.23% 76.16%
Industrials
10.44% 0.00% 24.88% 33.93%
Financial Services
8.33% 0.00% 32.66% 80.67%
Utilities
4.12% -0.01% 9.70% 3.88%
Communication Services
2.94% 0.00% 28.18% 50.70%
Basic Materials
2.09% 0.00% 11.24% 40.22%
Real Estate
1.88% 0.00% 10.94% 48.99%
Consumer Defense
1.09% 0.00% 17.24% 88.59%
Energy
0.00% -0.02% 7.24% 63.12%

Stock Geographic Breakdown

Weighting Return Low Return High PRWAX % Rank
US
90.37% 80.50% 100.50% 68.94%
Non US
6.28% 0.00% 17.37% 33.85%

Expenses

PRWAX - Expenses

Operational Fees

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.00% 165.48% 74.48%
Management Fee 0.64% 0.00% 1.40% 47.09%
12b-1 Fee 0.00% 0.00% 1.00% 4.47%
Administrative Fee 0.15% 0.00% 1.02% 67.95%

Sales Fees

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% 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.

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.70% 0.00% 536.00% 79.34%

Distributions

PRWAX - Distributions

Dividend Yield Analysis

PRWAX Category Low Category High PRWAX % Rank
Dividend Yield 0.18% 0.00% 15.32% 24.84%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PRWAX Category Low Category High PRWAX % Rank
Net Income Ratio 0.32% -7.55% 1.83% 29.56%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRWAX - Fund Manager Analysis

Managers

Justin P. White


Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.67

3.7%

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
0.0 51.95 8.02 0.42