About PRNHX
T. Rowe Price New Horizons Fund is an actively managed mutual fund that primarily targets long-term capital growth by investing in a diversified portfolio of small, rapidly growing companies. The fund focuses on identifying firms early in their corporate development, often before they gain broad recognition within the investment community. These companies are selected for their potential to deliver accelerated earnings growth, which may stem from innovative management, new product offerings, or structural changes in their respective industries or the broader economy. The strategy often leads to significant exposure across sectors such as information technology, healthcare, and industrials, reflecting areas with high growth potential. In addition to predominantly investing in U.S. equities, the fund may allocate assets to foreign companies and participate in initial public offerings and private placements when appropriate. Since its inception in 1960, the fund has played a notable role within the mid- and small-cap growth segment, aiming to capture opportunities among emerging leaders poised for expansion in evolving markets. Its active approach and focus on smaller, less established firms make it a key vehicle for investors seeking exposure to dynamic and potentially undervalued growth opportunities.
Fund Family T. Rowe Price
Category Mid-Cap Growth
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PRNHX
Index Russell 2000 Growth TR
PRNHX had a total return of 6.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 18.50%.
