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Trending ETFs

Name

As of 04/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$57.95

$24.7 B

0.00%

$0.00

0.79%

Vitals

YTD Return

3.1%

1 yr return

18.0%

3 Yr Avg Return

-5.7%

5 Yr Avg Return

8.8%

Net Assets

$24.7 B

Holdings in Top 10

27.4%

52 WEEK LOW AND HIGH

$57.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.50%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$57.95

$24.7 B

0.00%

$0.00

0.79%

PRNHX - Profile

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return -5.7%
  • 5 Yr Annualized Total Return 8.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    T. Rowe Price New Horizons Fund, Inc.
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Jun 03, 1960
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joshua Spencer

Fund Description

The fund invests primarily in a diversified group of small, emerging growth companies, preferably early in their corporate life cycle before the companies become widely recognized by the investment community. The fund may also invest in companies that offer the possibility of accelerating earnings growth because of rejuvenated management, new products, or structural changes in the economy. The portfolio manager will not necessarily sell a position in a company that has grown beyond the developing stage if the company still fits the fund’s other investment criteria.

When choosing stocks for the fund’s portfolio, T. Rowe Price analysts tend to look for small, emerging growth companies that exhibit some or all of the following characteristics:

·effective management;

·operate in fertile growth areas;

·demonstrate innovative research, product development, and marketing;

·provide efficient service;

·possess pricing flexibility; and

·employ sound financial and accounting policies.

At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector.

While most assets will typically be invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s). The fund’s investments may include holdings in privately held companies and companies that only recently began to trade publicly.

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PRNHX - Performance

Return Ranking - Trailing

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -11.2% 23.2% 78.47%
1 Yr 18.0% -10.3% 52.9% 57.51%
3 Yr -5.7%* -28.4% 81.6% 87.19%
5 Yr 8.8%* -4.6% 98.0% 63.45%
10 Yr 12.4%* 0.3% 37.3% 9.38%

* Annualized

Return Ranking - Calendar

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -27.7% 68.0% 38.28%
2022 -39.7% -85.6% 350.1% 88.77%
2021 -6.6% -77.0% 238.3% 65.53%
2020 38.6% -44.1% 2474.5% 22.50%
2019 23.2% -50.2% 44.0% 63.31%

Total Return Ranking - Trailing

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -11.2% 23.2% 78.47%
1 Yr 18.0% -10.3% 52.9% 57.51%
3 Yr -5.7%* -28.4% 81.6% 87.19%
5 Yr 8.8%* -4.6% 98.0% 63.45%
10 Yr 12.4%* 0.3% 37.3% 9.38%

* Annualized

Total Return Ranking - Calendar

Period PRNHX Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -26.1% 68.0% 43.59%
2022 -37.0% -67.0% 440.7% 90.06%
2021 9.7% -23.5% 342.2% 69.89%
2020 57.7% 2.6% 2549.1% 17.03%
2019 37.7% 14.6% 44.8% 22.98%

NAV & Total Return History


PRNHX - Holdings

Concentration Analysis

PRNHX Category Low Category High PRNHX % Rank
Net Assets 24.7 B 2.73 M 100 B 2.74%
Number of Holdings 243 25 3644 9.31%
Net Assets in Top 10 6.8 B 449 K 9.69 B 4.20%
Weighting of Top 10 27.41% 0.4% 99.9% 45.99%

Top 10 Holdings

  1. T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND 4.07%
  2. ENTEGRIS INC 2.98%
  3. CERIDIAN HCM HOLDING INC 2.91%
  4. TELEDYNE TECHNOLOGIES INC 2.78%
  5. PAYLOCITY HOLDING CORP 2.73%
  6. IDEX CORP 2.45%
  7. HUBSPOT INC 2.42%
  8. FIVE BELOW INC 2.41%
  9. INGERSOLL RAND INC 2.39%
  10. GLOBANT SA 2.27%

Asset Allocation

Weighting Return Low Return High PRNHX % Rank
Stocks
90.51% 0.92% 101.49% 97.08%
Preferred Stocks
5.46% 0.00% 5.46% 0.55%
Cash
4.07% 0.00% 99.08% 18.25%
Other
0.00% -0.18% 16.96% 73.18%
Convertible Bonds
0.00% 0.00% 0.40% 63.14%
Bonds
0.00% -3.27% 1.87% 65.33%

Stock Sector Breakdown

Weighting Return Low Return High PRNHX % Rank
Technology
37.88% 0.04% 62.17% 16.42%
Healthcare
28.73% 0.00% 37.06% 4.01%
Industrials
18.96% 0.00% 38.23% 15.88%
Consumer Cyclical
6.25% 0.00% 57.41% 93.80%
Communication Services
3.17% 0.00% 18.33% 42.15%
Real Estate
2.53% 0.00% 19.28% 45.99%
Financial Services
2.48% 0.00% 43.01% 89.78%
Utilities
0.00% 0.00% 12.94% 71.72%
Energy
0.00% 0.00% 62.10% 85.77%
Consumer Defense
0.00% 0.00% 16.40% 93.80%
Basic Materials
0.00% 0.00% 17.25% 89.60%

Stock Geographic Breakdown

Weighting Return Low Return High PRNHX % Rank
US
88.14% 0.64% 101.49% 95.26%
Non US
2.37% 0.00% 34.57% 15.69%

PRNHX - Expenses

Operational Fees

PRNHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.02% 17.54% 80.73%
Management Fee 0.64% 0.00% 1.50% 31.08%
12b-1 Fee N/A 0.00% 1.00% 19.73%
Administrative Fee 0.15% 0.00% 0.40% 80.87%

Sales Fees

PRNHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PRNHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

PRNHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.50% 0.00% 250.31% 50.61%

PRNHX - Distributions

Dividend Yield Analysis

PRNHX Category Low Category High PRNHX % Rank
Dividend Yield 0.00% 0.00% 33.83% 69.89%

Dividend Distribution Analysis

PRNHX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

PRNHX Category Low Category High PRNHX % Rank
Net Income Ratio -0.54% -2.24% 2.75% 45.00%

Capital Gain Distribution Analysis

PRNHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PRNHX - Fund Manager Analysis

Managers

Joshua Spencer


Start Date

Tenure

Tenure Rank

Mar 31, 2019

3.17

3.2%

Joshua Spencer is the lead portfolio manager for the US Small-Cap Growth Equity Strategy, including the New Horizons Strategy. He was previously the portfolio manager of the Global Technology Equity Strategy for nearly seven years. Mr. Spencer is a vice president of T. Rowe Price Group, Inc. He earned a B.A. in economics from Johns Hopkins University, an M.A. in economics from the University of Chicago, and an M.B.A. in finance and accounting from the University of Chicago Booth School of Business. He has also earned the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.2 2.25