T. Rowe Price New America Growth Fund (PRWAX)
Ticker Symbol:
PRWAX
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.
Strategy
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.
Risk Potential**
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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.
**This chart displays relative risk of each U.S. mutual fund listed using standard deviation of returns. Those values are provided in the bars at the top of the chart.

Methodology: We evaluate the standard deviation and its resulting placement within a specific risk/return category on an annual basis. A fund is generally placed in a risk/return category based on the 10-year standard deviation of its performance. If a fund is less than 10 years old, the actual fund performance history is supplemented with the primary prospectus benchmark history to obtain a full 10-year history, or longest time period available up to 10 years. For an Asset Allocation fund with less than 10 years of performance history, sub-strategy returns are used. When a sub-strategy is less than 10 years old, the actual sub-strategy performance history is supplemented with benchmark history to obtain a full 10-year history, or longest time period available up to 10 years.

Risk return categories overlap; a fund with a standard deviation in the overlap between two categories, denoted by a plus (+), is placed so that its risk categorization is better aligned with anticipated return characteristics an investor may experience going forward at the discretion of T Rowe Price.

When a fund has a cash-like benchmark, denoted by a double plus (++), its standard deviation is estimated using only available fund returns. If the fund is less than 10 years old, benchmark returns are not used to obtain a full 10-year history because they would artificially suppress the volatility estimate.

All investments are subject to market risk, including the possible loss of principal. Standard deviation of returns, a measure of price volatility, is one measure of risk. Please consult the funds' prospectuses for a more complete discussion of the funds' risks.
See Glossary for additional details on all data elements.