T. Rowe Price New America Growth’s manager has effectively implemented his process. Its Morningstar Analyst Rating is upgraded to Silver from Bronze.
Will PRWAX 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 PRWAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PRWAX 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 PRWAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares PRWAX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether PRWAX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.