T. Rowe Price New America Growth
- PRWAX
- Price as of: Mar 02, 2021
-
$72.59
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- T. Rowe Price
- Share Class
PRWAX - Snapshot
Vitals
- YTD Return 5.1%
- 3 Yr Annualized Return 24.2%
- 5 Yr Annualized Return 25.7%
- Net Assets $7.84 B
- Holdings in Top 10 32.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.77%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 85.80%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $1,000
Fund Classification
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
PRWAX - Profile
Distributions
- YTD Total Return 5.1%
- 3 Yr Annualized Total Return 24.2%
- 5 Yr Annualized Total Return 25.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.04%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameT. Rowe Price New America Growth Fund
-
Fund Family NameT. Rowe Price
-
Inception DateSep 30, 1985
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJustin 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.
PRWAX - Performance
Return Ranking - Trailing
Period | PRWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -6.6% | 48.6% | 10.00% |
1 Yr | 55.5% | -9.0% | 137.8% | 15.81% |
3 Yr | 24.2%* | 1.4% | 48.1% | 12.09% |
5 Yr | 25.7%* | 1.7% | 46.2% | 9.81% |
10 Yr | 17.2%* | 1.5% | 24.4% | 13.11% |
* Annualized
Return Ranking - Calendar
Period | PRWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 24.8% | -67.0% | 145.0% | 51.50% |
2019 | 26.0% | -28.8% | 76.0% | 39.26% |
2018 | -9.5% | -64.5% | 19.1% | 38.68% |
2017 | 19.8% | -68.7% | 64.3% | 50.27% |
2016 | -4.5% | -56.6% | 15.3% | 75.62% |
Total Return Ranking - Trailing
Period | PRWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -3.1% | 48.6% | 10.37% |
1 Yr | 55.5% | -9.0% | 137.8% | 14.79% |
3 Yr | 24.2%* | 0.1% | 48.1% | 11.57% |
5 Yr | 25.7%* | 0.5% | 46.2% | 9.73% |
10 Yr | 17.2%* | 0.9% | 24.4% | 12.82% |
* Annualized
Total Return Ranking - Calendar
Period | PRWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 24.8% | -67.0% | 145.0% | 51.50% |
2019 | 26.0% | -28.8% | 76.0% | 39.50% |
2018 | -9.5% | -64.5% | 29.5% | 59.82% |
2017 | 19.8% | -24.8% | 64.3% | 79.30% |
2016 | -4.5% | -56.6% | 17.1% | 89.66% |
NAV & Total Return History
PRWAX - Holdings
Concentration Analysis
PRWAX | Category Low | Category High | PRWAX % Rank | |
---|---|---|---|---|
Net Assets | 7.84 B | 10.3 K | 257 B | 23.05% |
Number of Holdings | 91 | 1 | 2573 | 28.73% |
Net Assets in Top 10 | 2.48 B | 221 K | 96.2 B | 28.58% |
Weighting of Top 10 | 32.78% | 11.1% | 100.0% | 84.21% |
Top 10 Holdings
- Amazon.com Inc 6.51%
- Alphabet Inc Class C 4.85%
- Microsoft Corp 4.65%
- Visa Inc Class A 3.55%
- UnitedHealth Group Inc 3.00%
- Facebook Inc A 2.56%
- AbbVie Inc 2.18%
- Netflix Inc 2.11%
- AbbVie Inc 1.97%
- AbbVie Inc 1.97%
Asset Allocation
Weighting | Return Low | Return High | PRWAX % Rank | |
---|---|---|---|---|
Stocks | 99.15% | 48.90% | 135.93% | 44.75% |
Cash | 0.85% | -35.93% | 48.10% | 50.33% |
Preferred Stocks | 0.00% | 0.00% | 6.63% | 25.09% |
Other | 0.00% | -5.20% | 21.26% | 30.73% |
Convertible Bonds | 0.00% | 0.00% | 15.24% | 18.04% |
Bonds | 0.00% | -0.75% | 24.39% | 22.78% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRWAX % Rank | |
---|---|---|---|---|
Technology | 29.45% | 0.00% | 87.30% | 63.62% |
Consumer Cyclical | 16.07% | 0.00% | 38.89% | 49.81% |
Communication Services | 15.97% | 0.00% | 68.19% | 29.32% |
Healthcare | 15.40% | 0.00% | 61.09% | 28.95% |
Financial Services | 11.31% | 0.00% | 41.22% | 35.78% |
Industrials | 6.52% | 0.00% | 30.46% | 39.20% |
Utilities | 2.96% | 0.00% | 10.98% | 3.12% |
Basic Materials | 0.92% | 0.00% | 19.40% | 59.02% |
Real Estate | 0.86% | 0.00% | 22.68% | 60.88% |
Consumer Defense | 0.54% | 0.00% | 19.07% | 87.82% |
Energy | 0.00% | 0.00% | 9.24% | 44.84% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRWAX % Rank | |
---|---|---|---|---|
US | 87.36% | 11.18% | 133.53% | 80.18% |
Non US | 11.79% | 0.00% | 82.96% | 11.95% |
PRWAX - Expenses
Operational Fees
PRWAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.01% | 23.28% | 71.08% |
Management Fee | 0.64% | 0.00% | 1.50% | 50.96% |
12b-1 Fee | N/A | 0.00% | 1.00% | 2.93% |
Administrative Fee | 0.15% | 0.01% | 1.02% | 69.25% |
Sales Fees
PRWAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | 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 | 85.80% | 0.00% | 358.00% | 83.52% |
PRWAX - Distributions
Dividend Yield Analysis
PRWAX | Category Low | Category High | PRWAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.95% | 19.32% |
Dividend Distribution Analysis
PRWAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
PRWAX | Category Low | Category High | PRWAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.04% | -56.00% | 1.99% | 43.23% |
Capital Gain Distribution Analysis
PRWAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Dividend Payout History
Date | Amount |
---|---|
Dec 14, 2018 | $0.100 |
Dec 15, 2017 | $0.080 |
Dec 15, 2016 | $0.020 |
Dec 17, 2012 | $0.190 |
Dec 31, 2010 | $0.025 |
Jan 30, 1995 | $0.020 |
Jan 02, 1991 | $0.170 |
PRWAX - Fund Manager Analysis
Managers
Justin White
Start Date
Tenure
Tenure Rank
Apr 01, 2016
4.84
4.8%
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 |
---|---|---|---|
0.02 | 53.19 | 7.73 | 1.16 |