Joshua Spencer is off to an exceptional start as manager of T. Rowe Price New Horizons. With a distinctive investment approach and the backing of T. Rowe Price's skillful analyst bench, an experienced associate manager, and a seasoned investment committee, this closed fund merits a Morningstar Analyst Rating of Silver.
T. Rowe Price New Horizons PRNHX
NAV / 1-Day Return
89.96
/
0.76
%
Total Assets
40.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.750%
Expense Ratio
0.750%
Fee Level
Below Average
Longest Manager Tenure
2.23
years
Category
Mid-Cap Growth
Investment Style
Mid GrowthMin. Initial Investment
2,500
Status
Limited
TTM Yield
0.00%
Turnover
52%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PRNHX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRNHX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PRNHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PRNHX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A skillful team executes a distinctive approach.
