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5 Best 401k Mutual Funds for 2014

Maximize your long-term investments with these great funds

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Best Mutual Fund #4: T. Rowe Price New Horizons (PRNHX)

t-rowe-price-new-horizons-prnhx-best-mutual-fundsWhen it comes to small-cap investing, T. Rowe Price New Horizons (PRNHX) is having a banner year with robust 43% YTD gains.

PRNHX is an excellent way for investors to share in the growth of many small, dynamic companies — with a primarily domestic stock flavor. Recent top holdings include Advisory Board (ABCO), Factset Research Systems (FDS), Gartner (IT), Harman International Industries (HAR) and Lumber Liquidators (LL).

This fund has a rich and successful history — it was started in all the way back in 1960 by Thomas Rowe Price Jr. Meanwhile, it boasts annual gains of 12.2% in the past decade, landing it in the top 2% of its Morningstar category. Manager Henry Ellenbogen has been on this assignment since 2010, keeping up PRNHX’s trend of fine performance continues.

PRNHX has attracted substantial assets and will close to new retail investors at the end of December. It has been closed to investors buying the fund through brokerage platforms for some time. Still, this is among the best 401k mutual funds available, so if your plan offers it, you are in good hands.

New Horizons charges a reasonable 0.8%.

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