(MONEY Magazine) - This month small-cap fund T. Rowe Price New Horizons replaces Vanguard Explorer, which closed to new investors after assets swelled to $12 billion. Small-caps have had quite a run--outperforming large-cap funds for the past seven years--so many, New Horizons included, are facing a flood of new cash to invest. But this low-priced T. Rowe offering, managed by Jack Laporte for nearly 20 years, consistently delivers.

See the Money 65.