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.
Will PRNHX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of PRNHX’s parent organization’s priorities and whether they’re in line with investors’ interests.