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Morningstar analysts added several promising funds to the Morningstar Prospects list. Four of the six strategies which were added to the January 2023 list are discussed. Link
BSVSX is interesting and worth watching, but this level of concentration in small-cap stocks and the shift from a non-concentrated style at T. Rowe to a concentrated one now makes me nervous, Morningstar's analysis notwithstanding:
At T. Rowe Price New America Growth, he did much of his own research in crafting a defensive-minded portfolio that included a lot of small- and mid-cap stocks. He uses a bottom-up approach to look for about 30 mispriced stocks with strong growth prospects for a concentrated portfolio with high active share against the Russell 2000 Index. Despite the concentration, his funds have typically held up in down markets without missing much upside.
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