T. Rowe Price Small-Cap Value Fund Makes Money from Cheap Stocks

The bargain-hunting manager of this Kiplinger 25 fund holds on for the long-haul after he uncovers a good pick.

Editor's note: This story has been updated since its original publication.

"Undiscovered, unloved and cheap" could be Preston Athey's stock-picking mantra. Whatever you call it, his contrarian, bargain-hunting approach works. Since Athey took over the reins of T. Rowe Price Small-Cap Value (symbol PRSVX) in 1991, the fund has returned an annualized 12.1%, beating the Russell 2000 Value index by an average of 1.3 percentage points per year (all returns are through August 8).

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.