Is T. Rowe Price Capital Appreciation Fund (PRWCX) a Strong Mutual Fund Pick Right Now?
Mutual Fund Equity Report fund seekers should consider taking a look at T. Rowe Price Capital Appreciation Fund (PRWCX). PRWCX possesses a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
PRWCX finds itself in the T. Rowe Price family, based out of Baltimore, MD. The T. Rowe Price Capital Appreciation Fund made its debut in June of 1986 and PRWCX has managed to accumulate roughly $26.10 billion in assets, as of the most recently available information. The fund's current manager, David R. Giroux, has been in charge of the fund since June of 2006.
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 10.85%, and is in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 10.01%, which places it in the top third during this time-frame.