T. Rowe Price Health Sciences Fund (PRHSX)

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Health Sciences Fund.

Ticker Symbol:
PRHSX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  December
Morningstar Category  Health
Inception Date 12/29/1995
Tax ID 52-1952906
Investment Objective
The fund's objective is long-term capital appreciation.
Strategy
To invest at least 80% of net assets in common stocks of companies engaged in the research, development, production, or distribution of products or services related to health care, medicine, or the life sciences. While the fund can invest in companies of any size, the majority of fund assets are expected to be invested in large- and mid-capitalization companies.
Investor Profile
Individuals seeking significant capital growth who can accept the risk of loss inherent in a fund that focuses on a volatile area of the market. Appropriate for both regular and tax-deferred accounts, such as IRAs.
Risk/Reward Potential*
Click on the risk/reward spectrum below to view the funds in that category
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This fund offers the potential for long-term growth of capital by investing in companies engaged in the research, development, production, or distribution of health-related products or services. The health care field is experiencing unprecedented change, driven by attempts to hold down costs and by an aging population. Companies that can provide quality products at competitive prices should perform well. Technological breakthroughs in areas such as biotechnology can also lead to superior earnings growth.

Due to the fund's concentration in health sciences companies, its share price will be more volatile than that of more diversified funds. Further, these firms are often dependent on government funding and regulation and are vulnerable to product liability lawsuits and competition from low-cost generic products.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.

Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns; the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark, or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.