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PRESS RELEASE: T. Rowe Price Launches Target Allocation Active Series Model Portfolios on Morningstar's Model Marketplace

  

  

NEWS

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its T. Rowe Price Target Allocation Active Series Model Portfolios are now available to financial advisors through Morningstar’s Model Marketplace. Model Marketplace, available through Morningstar Office℠ Cloud, launched in May 2019 and serves as a centralized distribution platform for advisors, allowing users to research investment models, personalize strategies, and initiate trade instructions.

Morningstar’s Model Marketplace is the second platform to host the Target Allocation Active Series Model Portfolios, which were first made available on the Envestnet Fund Strategist Portfolio (FSP) and Unified Managed Account (UMA) Programs.

The Target Allocation Active Series on Morningstar’s Model Marketplace consists of eight professionally managed, risk-based asset allocation models with both retail and institutional mutual funds that are designed to meet a wide range of investment objectives. The model portfolios use globally diverse T. Rowe Price equity and fixed income mutual funds as their underlying investments.

The Target Allocation Active Series is managed by T. Rowe Price Portfolio Managers Charles Shriver, Toby Thompson, Robert Panariello, Guido Stubenrauch, and Andrew Jacobs van Merlen. Each portfolio manager is a member of the T. Rowe Price Multi-Asset team, which had $332.5 billion in assets under management as of June 30, 2019.

 

QUOTES

Steve Larson, head of U.S. Intermediaries Platform Services, T. Rowe Price:

“We are thrilled to offer the Target Allocation Active Series on Morningstar’s Model Marketplace. For more than 25 years, T. Rowe Price has delivered innovative multi-asset solutions. This marks another milestone in our commitment to providing clients with efficient ways to access our portfolio construction expertise.”

For more information about T. Rowe Price and its funds, please visit troweprice.com or download a prospectus.

The T. Rowe Price Target Allocation Active Series model portfolios are available only through financial advisors, and the advisor is responsible for determining if these portfolios and the mutual funds utilized are appropriate for their clients.

T. Rowe Price mutual funds are subject to ongoing management fees and may be subject to redemption fees. See prospectus for details. All funds are subject to market risk, including possible loss of principal.

Morningstar, Inc. and the participating companies in its Model Marketplace are separate, unaffiliated companies. Morningstar is not responsible for information, opinions, or services provided by participating companies.

T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.

 

IMPORTANT INFORMATION
For designated members of the press only.

The T. Rowe Price Target Allocation Active Series is a non-discretionary investment management program provided by T. Rowe Price Associates, Inc.

This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates.

 

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.13 trillion in assets under management as of September 30, 2019. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.