Morningstar

T. Rowe Price New Horizons Fund PRNHX

Morningstar Medalist Rating
Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 56.28  /  +0.61 %
  • Total Assets 12.8B
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Mid-Cap Growth
  • Investment Style Small Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.00
  • Turnover 93%

USD | NAV as of Sep 12, 2026 | 1-Day Return as of Sep 12, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRNHX

Will PRNHX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRNHX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRNHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRNHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Taking shape under a new leader.

Analyst David Carey

David Carey

Analyst

Summary

T. Rowe Price New Horizons’ newly appointed manager has reshaped the portfolio, warranting Average People and Process ratings.

by David Carey
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PRNHX

More PRNHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Aggregate Miscellaneous Equity

5.04 671M
—

Dutch Bros Inc Class A

2.61 347M
Consumer Cyclical

Guardant Health Inc

2.04 272M
Healthcare

Kymera Therapeutics Inc Ordinary Shares

1.61 215M
Healthcare

Old Dominion Freight Line Inc Ordinary Shares

1.60 213M
Industrials

Permian Resources Corp Class A

1.59 211M
Energy

T. Rowe Price Gov. Reserve

1.55 206M
Cash and Equivalents

Natera Inc

1.49 198M
Healthcare

argenx SE ADR

1.17 156M
Healthcare

Entegris Inc

1.15 153M
Technology

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