T. Rowe Price New Horizons Fund I Class

Frequently Asked Questions About PRJIX

What does PRJIX invest in?

The main objective of this fund is to achieve substantial capital appreciation over the long term. It primarily accomplishes this by allocating investments across a diversified array of small, rapidly developing companies. A significant focus is placed on enterprises in their nascent stages of growth, ideally before they garner widespread recognition from the broader investment community. The fund may also identify investment opportunities in businesses poised for accelerating earnings growth, whether driven by rejuvenated management teams, innovative product introductions, or profound shifts in the economic landscape.

What is the expense ratio of PRJIX?

T. Rowe Price New Horizons Fund I Class (PRJIX) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRJIX?

T. Rowe Price New Horizons Fund I Class (PRJIX) manages $24.24B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PRJIX actively managed or an index fund?

PRJIX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRJIX's is 0.66%) in exchange for the discretion to over- or under-weight positions.

When was PRJIX launched?

T. Rowe Price New Horizons Fund I Class (PRJIX) launched in August 2015 and is managed by T. Rowe Price.

How has PRJIX performed?

PRJIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.