Lean into our 80+ years of disciplined equity investing to help you guide your clients’ portfolios through all kinds of markets.
Winner of Exemplary Stewardship Award (2020)3
One of five fund families Morningstar named best in class for “High Parent Pillar” rating4
500+ investment professionals based in 16 countries
2022 Best U.S. Large Fund Family
T. Rowe Price’s actively managed equity funds have outperformed passive in every major category.
Our U.S., international, and sector equity funds consistently beat comparable passive funds over the past 20 years.
Ten-year periods, rolling monthly, over the last 20 years ending 12/31/22
Our U.S., international, and sector equity funds consistently beat comparable passive funds over the past 20 years.
Ten-year periods, rolling monthly, over the last 20 years ending 12/31/22
For more details, check out our insights on equity funds versus passive peers, and our strategic investing approach.
Past performance is no guarantee of future results. View standardized returns and other information about the T. Rowe Price funds in this analysis.
To learn more, check out our insights on our equity funds versus passive peers, and information on our performance during market volatility.
Past performance is no guarantee of future results. View standardized returns and other information about the T. Rowe Price funds in this analysis.
Our U.S. equity funds beat comparable passive funds more frequently—and with higher returns—than the average of all active managers, including the five largest.
Ten-year periods, rolling monthly, over the last 20 years ending 12/31/22
Our U.S. equity funds beat comparable passive funds more frequently—and with higher returns—than the average of all active managers, including the five largest.
Ten-year periods, rolling monthly, over the last 20 years ending 12/31/22
Percentage of periods with better net of fee returns than passive peer funds
Average additional net of fee return over passive peer funds in all periods analyzed
To learn more, check out our insights on our equity funds versus passive peers, and information on our performance during market volatility.
Past performance is no guarantee of future results. View standardized returns and other information about the T. Rowe Price funds in this analysis.
Key equity building blocks for your clients’ portfolios
We support your and your clients’ goals with investment discipline and style consistency across a wide array of equity strategies.
Equity Product Capabilities
Our three-pronged approach to U.S equity includes: a focus on companies with long-term growth potential; research that far exceeds industry standards; and ongoing navigation of changing markets.
Featured Equity Strategies†
Aims to provide long-term capital growth by investing mainly in the common stocks of growth companies
Invests primarily in stocks for dividend income and long-term capital growth
Explore vehicles:
Pursues long-term capital appreciation by investing in mid-cap stocks with potential for above-average earnings growth
Seeks to provide long-term capital appreciation by investing in common stocks believed to be undervalued—income is a secondary goal
Explore vehicles:
Non-U.S. markets compose nearly half of the world’s capitalization—and they’re growing. Harness this wealth of expanding opportunities with our international equity strategies.
Featured Equity Strategies†
Pursues long-term capital growth with equity and equity-related investments in Chinese companies
Designed to help support growth and income for a long retirement
Seeks long-term growth of capital through investments in the common stocks of non-U.S. companies
Our analysts are aligned by sector and industry. This deep expertise helps you and your clients uncover opportunities across market caps, and within sectors from technology to financial services to health care.
Featured Equity Strategies†
Focused on media and telecommunications industries, aiming for long-term capital growth
Pursues long-term capital growth and modest income, focusing on common stocks of financial services companies
Seeks long-term capital appreciation with a focus on health care, medicine, and life science companies
Investment Vehicles
Address your clients’ unique needs with our wide range of investment vehicles, including mutual funds, exchange-traded funds (ETF), separately managed accounts (SMA), collective investment trusts (CIT), and model portfolios.
Spotlight on Separately Managed Accounts
These expertly crafted portfolios incorporate investor preferences for a greater degree of customization.
Investment Vehicles
Address your clients' unique needs with our wide range of investment vehicles, including mutual funds, exchange-traded funds (ETF), separately managed accounts (SMA), collective investment trusts (CIT), and model portfolios.
Spotlight on Separately Managed Accounts
These expertly crafted portfolios incorporate investor preferences for a greater degree of customization.
Complement your equity investments with our broad range of multi-asset, fixed income and retirement products.
*Not all strategies are available in all investment vehicles.
†SMAs and trusts, as well as mutual funds and ETFs with fewer than 10 years of performance history, are not included in the Proven Performance section above. View the performance study details.
“The depth and experience of our fundamental research team have always been central to the long-term success of our global equity investment process. Advisors have historically relied on our equity products as foundational elements of client portfolios.”
Eric Veiel
Head of Global Equity and Chief Investment Officer
“The depth and experience of our fundamental research team have always been central to the long-term success of our global equity investment process. Advisors have historically relied on our equity products as foundational elements of client portfolios.”
Eric Veiel
Head of Global Equity and Chief Investment Officer
Explore our experts’ latest thinking on equity investing.
Fears of market volatility have taken hold for 2023. Learn how you can take advantage.
We look to provide clarity on some of the common myths and misconceptions surrounding the active versus passive debate.
Our latest ESG Annual Report explores how the ESG landscape continues to evolve and the key themes defining it.
Check out our full collection of equity insights.
Fears of market volatility have taken hold for 2023. Learn how you can take advantage.
We look to provide clarity on some of the common myths and misconceptions surrounding the active versus passive debate.
Our latest ESG Annual Report explores how the ESG landscape continues to evolve and the key themes defining it.
Portfolio construction expertise to enhance your investment process
Backed by the resources and capabilities of our Multi-Asset Division, our Portfolio Construction Solutions provide everything you need to build, review, and adjust your portfolios. Enhance investment outcomes with our integrated suite of solutions.
Consolidate your holdings and strengthen manager due diligence with our proprietary diagnostic analysis. Then securely access your reports, tools, and analytics on your Advisor Dashboard.
Register for your Advisor Dashboard.
Working with a Portfolio Construction Specialist, build your own proprietary suite of model portfolios and receive ongoing support as objectives and markets change.
Receive a complementary, confidential asset allocation review and recomendations to help address risk, enhance consistency, and improve outcomes.
Stay a step ahead with expert insights on strategic portfolio design and tactical asset allocation. Plus access the latest peer data and trends in Portfolio Construction Pulse.
Get the most out of your equity investing—contact us.
Uncover opportunities in every kind of market
Take advantage of our industry-leading products, services, and insights
Earn your clients’ confidence with our deep equity experience
Important Information
For more information on the methodology of this analysis, please visit troweprice.com/complete-performance-study.
Past performance is no guarantee of future results. All investments are subject to risk, including the possible loss of principal. 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 “index fund” in the Morningstar Direct database and (2) in the same Morningstar category as the T. Rowe Price 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 was compared against the comparable passive funds using 10-year rolling monthly periods from 1/1/03 to 12/31/22. 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.
5 24 funds covering 2,687 rolling 10-year periods.
6 17 funds covering 1,468 rolling 10-year periods.
7 8 funds covering 898 rolling 10-year periods.
8 24 funds covering 2,687 rolling 10-year periods.
9 163 funds covering 15,821 rolling 10-year periods. The active assets under management (AUM) as of 12/31/22 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..
10 1,842 funds covering 159,807 rolling 10-year periods, excluding T. Rowe Price.
Download a mutual fund prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
1 Source: © 2022 Morningstar, Inc. All rights reserved. The information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; and 3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
2 Source: Morningstar. Primary share class only. Excludes money market mutual funds, funds with an operating history of less than one year, T. Rowe Price passive funds, and T. Rowe Price funds that are clones of other funds. The data reflects the percentage of T. Rowe Price funds with a 10 year track record that are outperforming the Morningstar category median.
3 Morningstar Awards 2021 © Morningstar, Inc. All Rights Reserved. Morningstar Exemplary Stewardship Award Methodology: Nominees are asset managers with investment strategies under coverage by Morningstar manager research analysts. To qualify for the award, the firm must have received a Parent pillar rating of “positive,” or, if one or more of its strategies have been rated under the enhanced ratings methodology launched in November 2019, “High.” The Parent pillar rating measures the quality of a firm’s care of investors’ capital. Nominations are made by Morningstar manager research analysts, then narrowed to a list of finalists. The entire analyst team meets to debate the merits of the finalists. Voting commences immediately thereafter and nominees receiving the most votes are the winners.
4 Morningstar Fund Spy, January 28, 2020. T. Rowe Price named one of only five "Best in Class" firms to receive Morningstar’s ”High” Parent fund family rating. The Morningstar Parent Rating is as of January 28, 2020 and is based on three pillars that comprise the Morningstar Analyst Rating for funds: People, Process, and Parent. Parent Ratings are High, Above Average, Average, Below Average, and Low. Ratings evaluate a number of key areas including talent, organizational structure, quality of products, alignment with investors, and culture. The rating also incorporates the People and Process pillars of the Morningstar Analyst rating. The rating is based on the analysis and opinion of Morningstar.
Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights reserved. Used under license.
ABOUT THE REFINITIV LIPPER FUND AWARDS
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60, and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. The link to lipperfundawards.com will cause you to leave T. Rowe Price's website and will redirect you to a website that is not an affiliated of T. Rowe Price. T. Rowe Price assumes no responsibility for your or any other person's use this third-party website or any of its contents. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
Winning funds over three years within the 20 largest classifications per award universe according to assets under management are awarded a trophy. Where appropriate, only funds domiciled in the respective country are taken into consideration for determining the largest classifications. All winning groups are awarded a trophy as well. The methodology for awarding trophies in regions is subject to change based on local market needs. However, all winners receive a certificate.
The Best Overall US Fund Group award is given to the group with the lowest average decile ranking of its respective asset class results based on the methodology described above. Large fund family groups with at least five equity, five bond, and three mixed-asset portfolios are eligible for an overall group award
ABOUT REFINITIV LIPPER
Refinitiv Lipper provides independent insight on global collective investments, including mutual funds, retirement funds, hedge funds and fund fees and expenses. Lipper offers premium-quality data, fund ratings, analytical tools and global commentary through specialized product offerings. Trusted by investment professionals for more than 40 years, Lipper provides unparalleled expertise and insight to the funds industry.
202303-2795934
Dismiss
Tap to dismiss
