Strategic investing has delivered better performance.

Strategic investing is our approach to active management—and how we’ve been able to provide consistent value to financial professionals and their clients.

Strategic investing has delivered better performance.

Strategic investing is our approach to active management—and how we’ve been able to provide consistent value to financial professionals and their clients.

Over the last 20 years, our funds generated more return than passive peers, more often than top active managers.

T. Rowe Price funds have delivered better returns on average than comparable passive peers. Furthermore, our funds beat comparable passive funds more frequently—and with higher returns—than the average of all other active managers, including the largest ones.

This has meant more money for investors. That’s our strategic investing difference.

T. Rowe Price funds beat comparable passive peer funds 74% of the time. That's more often than the average of all active managers—including the five largest.

Percentage of periods with better returns than passive peer funds.
Ten-year periods, rolling monthly, over the last 20 years ended 6/30/22.

The bar chart shows how T. Rowe Price funds beat comparable passive peer funds 73% of the time—more often than the average of all active managers, including the five largest

Resilience has helped drive outperformance

Limiting investors’ losses is just as important as—and goes hand in hand with—delivering growth. For the last 20 years, our 17 U.S. equity funds beat their designated benchmarks over 70% of the time when the benchmarks were positive.4

And when benchmarks were down, our funds lost less over 90% of the time.

Strong performance in both up and down markets

Includes trailing five-year monthly rolling periods over 20 years from 2002 to 2022.

Donut chart showing how T. Rowe Price U.S. equity funds beat their designated benchmarks in up markets 70% of the time over a 20-year period. Donut chart showing how 17 T. Rowe Price U.S. equity funds loss less than their designated benchmarks in down markets 90% of the time over a 20-year period.

See examples of how our resilience has helped clients power through historic market downturns.

T. Rowe Price strategic investing:
How we pursue better outcomes for you and your clients

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Deep Experience

Skilled portfolio managers leverage our firm’s size, resources, and rigorous proprietary research to go deeper—so your clients can feel more confident about their investments.

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Forward-Looking Perspective

We assess when to move with the crowd and when to move against it. We strive to anticipate disruption before it happens or quickly change our approach once it occurs.

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Prudent Risk Management

We manage risk and seek to maximize value over longer time horizons—reacting to geopolitical, market, and economic factors opportunistically or defensively.

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Rigorous Research

Our investment professionals don’t just sit behind their screens. They go out into the field to get the answers they need on the markets and the companies within them.

Stay ahead of markets with our latest views across asset classes.

Low-cost strategies backed by our strategic investing approach:

Seek dividend income and long-term capital growth

Pursue high current income and capital appreciation

T. Rowe Price mutual funds are subject to ongoing management fees. See prospectus for details.

Retirement.
Meet your match.

Our target date solutions are designed to help investors reach their retirement goals—whatever they happen to be.

Retirement.
Meet your match.

Our target date solutions are designed to help investors reach their retirement goals—whatever they happen to be.

Contact Us
Broker-Dealer

877.561.7670

RIA, Regional Banks, & National Banks

877.561.7670

DCIO

800.371.4613

Variable Annunity

855.829.5343

Important Information

For more information on the methodology of this analysis, please visit troweprice.com/performancestudy.

Past performance is no guarantee of future results. All investments are subject to risk, including the possible loss of principal.

Dividends are not guaranteed and are subject to change.

The Fund’s investments in bank loans may at times become difficult to value and highly illiquid; they are subject to credit risk such as nonpayment of principal or interest, and risks of bankruptcy and insolvency.

Results from other time periods may differ. Active investing may have higher costs than passive investing and may underperform the broad market or passive peers with similar objectives. Passive investing may lag the performance of actively managed peers as holdings are not reallocated based on changes in market conditions or outlooks on specific securities. 

Analysis by T. Rowe Price. Comparable passive funds are (1) mutual funds and exchange traded funds classified as an “index fund” in the Morningstar Direct database and (2) in the same Morningstar category as the active funds being analyzed. All Active Managers represents the actively managed (non-“index fund”) mutual funds and exchange-traded funds in the Morningstar Direct database, excluding those managed by T. Rowe Price. The performance of the T. Rowe Price active funds and the All Active Managers funds were compared against the comparable passive funds using 10-year rolling monthly periods from 7/1/2002 to 6/30/2022. The analysis was conducted at the Morningstar category level analyzing all open-end funds and exchange-traded funds (ETFs) within U.S. Morningstar categories where passive funds are present. Oldest share class returns are used for analysis. Money market funds are excluded from the analysis.

79 funds covering 7,127 rolling 10-year periods.

510 funds covering 43,178 rolling 10-year periods. The active assets under management (AUM) as of 6/30/22 across all funds considered in the analysis are aggregated and those funds offered at any point in the analysis period by the largest five active fund managers by AUM, identified by Morningstar, other than T. Rowe Price are grouped together here. Source: Morningstar.

4,620 funds covering 342,341 rolling 10-year periods, excluding T. Rowe Price.

Results based on an analysis of T. Rowe Price's active, diversified U.S. equity mutual funds (oldest share class). Index, sector, specialized, and institutional clones of our retail funds were excluded. Funds with less than a 15-year track record were also excluded due to limited performance data availability.  Of T. Rowe Price's 25 diversified U.S. equity funds, 17 met the criteria for the analysis and are represented within. One of the 17 funds, the Capital Appreciation Fund, also has the ability to invest in fixed income assets but is primarily an equity portfolio and benchmarked to the S&P 500 Index. The funds included in the analysis represented over 75% of total U.S. equity assets in the domestic and global equity mutual funds advised by the firm as of 6/30/2022. Results for other time periods will differ. Past performance is no guarantee of future results. 

All investments are subject to risk, including the possible loss of principal.

Download a mutual fund prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

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