T. Rowe Price New Horizons Fund

Frequently Asked Questions About PRNHX

What does PRNHX invest in?

This fund's primary objective is to achieve substantial capital appreciation over the long term. It predominantly allocates capital to a diverse array of smaller, developing companies, particularly those in their formative stages, well before they gain widespread attention from investors. Furthermore, the fund has the flexibility to acquire stakes in businesses exhibiting potential for accelerated profit expansion, driven by factors such as revitalized leadership, innovative product introductions, or significant shifts in the economic landscape.

What is the expense ratio of PRNHX?

T. Rowe Price New Horizons Fund (PRNHX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRNHX?

T. Rowe Price New Horizons Fund (PRNHX) manages $22.66B 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 PRNHX actively managed or an index fund?

PRNHX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRNHX's is 0.80%) in exchange for the discretion to over- or under-weight positions.

When was PRNHX launched?

T. Rowe Price New Horizons Fund (PRNHX) launched in January 1980 and is managed by T. Rowe Price.

How has PRNHX performed?

PRNHX'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.