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PRWAX T. Rowe Price New America Growth

  • Fund
  • PRWAX
  • Price as of: Jun 05, 2019
  • $50.18 + $0.36 + 0.72%
  • Category
  • Large Cap Growth Equities

PRWAX - Profile

Vitals

  • YTD Return 15.4%
  • 3 Yr Annualized Return 6.8%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $5.23 B
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$50.18
$40.57
$57.07

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

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 15.4%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.

PRWAX - Performance

Return Ranking - Trailing

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% -4.9% 35.9% 63.09%
1 Yr -7.2% -63.6% 14.6% 48.77%
3 Yr 6.8%* -39.0% 22.4% 41.65%
5 Yr 2.3%* -31.7% 22.5% 41.97%
10 Yr 7.8%* -12.8% 16.5% 53.69%

* Annualized


Return Ranking - Calendar

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -65.5% 5.0% 29.20%
2017 19.8% -24.8% 41.0% 39.73%
2016 -4.5% -56.6% 18.1% 75.20%
2015 -0.1% -38.0% 11.4% 27.82%
2014 -4.9% -52.4% 105.4% 83.47%

Total Return Ranking - Trailing

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.4% -2.8% 37.6% 63.44%
1 Yr -7.2% -63.6% 21.0% 65.55%
3 Yr 6.8%* -39.0% 29.8% 74.07%
5 Yr 2.3%* -31.7% 31.3% 81.70%
10 Yr 7.8%* -12.8% 19.7% 84.73%

* Annualized


Total Return Ranking - Calendar

Period PRWAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.5% -65.5% 16.5% 54.97%
2017 19.8% -24.8% 48.9% 74.96%
2016 -4.5% -56.6% 26.8% 89.87%
2015 -0.1% -38.0% 17.3% 63.29%
2014 -4.9% -52.4% 120.7% 94.31%

NAV & Total Return History

PRWAX - Holdings

Concentration Analysis

PRWAX Category Low Category High PRWAX % Rank
Net Assets 5.23 B 898 K 195 B 24.60%
Number of Holdings 88 6 2038 32.86%
Net Assets in Top 10 1.74 B 519 K 54.6 B 27.50%
Weighting of Top 10 34.77% 13.6% 2509.4% 67.93%

Top 10 Holdings

  1. Alphabet Inc Class C 5.62%

  2. Amazon.com Inc 5.51%

  3. Microsoft Corp 5.05%

  4. Mastercard Inc A 2.95%

  5. Visa Inc Class A 2.90%

  6. Facebook Inc A 2.79%

  7. Fleetcor Technologies Inc 2.63%

  8. Texas Instruments Inc 2.50%

  9. Apple Inc 2.44%

  10. HCA Healthcare Inc 2.38%


Asset Allocation

Weighting Return Low Return High PRWAX % Rank
Stocks
94.88% 19.56% 119.98% 84.01%
Cash
4.25% -2478.14% 57.26% 14.94%
Other
0.73% -13.96% 43.00% 5.98%
Preferred Stocks
0.14% 0.00% 14.01% 12.13%
Convertible Bonds
0.00% 0.00% 2.62% 16.78%
Bonds
0.00% -0.01% 2458.15% 21.35%

Stock Sector Breakdown

Weighting Return Low Return High PRWAX % Rank
Technology
30.38% 0.00% 61.29% 53.08%
Industrials
14.39% 0.00% 25.15% 11.42%
Consumer Cyclical
14.38% 0.00% 34.98% 63.44%
Healthcare
13.81% 0.00% 95.23% 52.11%
Financial Services
10.79% 0.00% 39.70% 63.97%
Communication Services
3.88% 0.00% 14.31% 14.67%
Utilities
2.62% -0.01% 14.39% 11.78%
Consumer Defense
2.45% 0.00% 17.04% 77.94%
Real Estate
0.86% 0.00% 10.55% 47.45%
Energy
0.74% 0.00% 15.19% 53.69%
Basic Materials
0.59% 0.00% 12.25% 73.99%

Stock Geographic Breakdown

Weighting Return Low Return High PRWAX % Rank
US
91.83% 6.81% 118.91% 54.66%
Non US
3.05% 0.00% 91.64% 59.05%

PRWAX - Expenses

Operational Fees

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.00% 15.15% 74.87%
Management Fee 0.64% 0.00% 1.44% 49.12%
12b-1 Fee 0.00% 0.00% 1.00% 4.23%
Administrative Fee 0.15% 0.00% 1.02% 69.48%

Sales Fees

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 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 0.05% 5.00% 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.

PRWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.70% 0.00% 650.00% 82.51%

PRWAX - Distributions

Dividend Yield Analysis

PRWAX Category Low Category High PRWAX % Rank
Dividend Yield 0.00% 0.00% 0.12% 31.90%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRWAX Category Low Category High PRWAX % Rank
Net Income Ratio 0.32% -14.30% 2.62% 31.02%

Capital Gain Distribution Analysis

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

PRWAX - Managers

Justin P. White

Manager

Start Date

Tenure

Tenure Rank

Apr 01, 2016

3.16

3.2%

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

0.0

Category High

51.44

Category Average

8.61

Category Mode

0.08