About PRJIX
T. Rowe Price New Horizons Fund I Class is a mutual fund that focuses on long-term capital growth by investing primarily in shares of small, rapidly growing companies. Its investment strategy emphasizes identifying and investing in a diversified group of small, emerging growth firms, often early in their corporate development, before they become widely recognized in financial markets. The fund may also target companies offering prospects for accelerating earnings growth due to new management, innovative products, or significant structural shifts in the economy. While it mainly invests in U.S. equities, it retains the flexibility to hold foreign stocks and participate in both public and private offerings. The portfolio is typically concentrated in sectors such as information technology, health care, and industrials, with a significant allocation to companies positioned for above-average earnings growth. Managed with a disciplined research-driven approach, the fund is known for its relatively high standard deviation and turnover, characteristics common to growth-oriented strategies targeting dynamic, early-stage businesses. This fund plays a key role in the market by providing institutional investors access to potential high-growth companies, especially within the mid- and small-cap segments, and by supporting innovation through early investment in emerging leaders.
Fund Family T. Rowe Price
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PRJIX
Share Class T. Rowe Price New Horizons Fund-i Class
Index Russell 2000 Growth TR
PRJIX had a total return of 4.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.62%.
