T. Rowe Price New America Growth Fund (PRWAX)
Ticker Symbol:
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  December
Morningstar Category  Large Growth
Inception Date 09/30/1985
Tax ID 52-1416752
Investment Objective
The fund seeks to provide long-term capital growth by investing primarily in the common stocks of growth companies.
The portfolio invests primarily in the common stocks of U.S. companies that operate in those sectors of the economy identified by T. Rowe Price as the fastest growing or having the greatest growth potential. Holdings range from large-cap to small companies, and are selected on the basis of characteristics such as their earning’s growth, fundamentals, management effectiveness, and valuations.
Investor Profile
Individuals seeking long-term capital appreciation who can accept the risk of declines in share prices inherent in common stock investing. 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
This fund offers investors the ability to access the significant growth potential of companies operating in the fastest growing sectors in the United States. Fund investors also benefit from the extensive experience of T. Rowe Price in growth stock investing.

The fund is subject to market risk, and share prices may decline more than non-growth-oriented funds in down markets due to the higher valuations/lower yields of growth stocks.
* 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.