EQUITY CAPABILITIES

Strengthen your equity foundation.

Address your clients’ diverse needs and goals while fostering their ongoing confidence with numbers that count: 79% of our equity products outperformed the Morningstar median over the past ten years.1,2

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

450+ investment professionals based in 16 countries

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2022 Best U.S. Large Fund Family

proven performance

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 6/30/22

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 6/30/22

results shown after fees and expenses
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results shown after fees and expenses
results shown after fees and expenses
Bar chart showing the average additional net of fee return over passive peer funds for all periods analyzed was .78% for US equity; .68% for international equity, and 2.64% for sector equity. The percentage of periods with better net of fee returns than passive peer funds was 73% for US equity, 77% for international equity, and 82% for sector equity.
Bar chart showing the average additional net of fee return over passive peer funds for all periods analyzed was .78% for US equity; .68% for international equity, and 2.64% for sector equity. The percentage of periods with better net of fee returns than passive peer funds was 73% for US equity, 77% for international equity, and 82% for sector equity.
Bar chart showing the average additional net of fee return over passive peer funds for all periods analyzed was .78% for US equity; .68% for international equity, and 2.64% for sector equity. The percentage of periods with better net of fee returns than passive peer funds was 73% for US equity, 77% for international equity, and 82% for sector equity.
Bar chart showing the average additional net of fee return over passive peer funds for all periods analyzed was .78% for US equity; .68% for international equity, and 2.64% for sector equity. The percentage of periods with better net of fee returns than passive peer funds was 73% for US equity, 77% for international equity, and 82% for sector equity.
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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 6/30/22

results shown after fees and expenses
results shown after fees and expenses

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 6/30/22

results shown after fees and expenses
performance key

Percentage of periods with better net of fee returns than passive peer funds

Bar chart showing the percentage of periods with better net of fee returns that passive funds – 73% for T. Rowe Price; 43% for the five largest active managers; and 34% for all active managers.

Average additional net of fee return over passive peer funds in all periods analyzed

Bar chart showing the average additional net of fee return over passive peer funds in all periods analyzed. The figures are 0.78% for T. Rowe Price; -0.36% for the five largest active managers; and -0.71% for all active managers.
client-focused products

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

Infographic showing how T. Rowe Price’s equity product capabilities span a wide range of investment strategies and investment vehicles

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

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

Investment Vehicles

Spotlight on Separately Managed Accounts

These expertly crafted portfolios  incorporate investor preferences for a greater degree of customization.

Investment Vehicles

Spotlight on Separately Managed Accounts

These expertly crafted portfolios  incorporate investor preferences for a greater degree of customization.

*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

Eric Veiel headshot

“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

Headshot of Eric Veiel
actionable insights

Explore our experts’ latest thinking on equity investing.

The market is at a challenging inflection point. Learn how we’re preparing for what’s ahead.

Discover how to unlock hidden stock market opportunities while navigating inflation, rising rates, and more.

Our latest ESG Annual Report explores how the ESG landscape continues to evolve and the key themes defining it.

The market is at a challenging inflection point. Learn how we’re preparing for what’s ahead.

Discover how to unlock hidden stock market opportunities while navigating inflation, rising rates, and more.

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.

personalized services

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.

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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.

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Working with a Portfolio Construction Specialist, build your own proprietary suite of model portfolios and receive ongoing support as objectives and markets change.

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Receive a complementary, confidential asset allocation review and recomendations to help address risk, enhance consistency, and improve outcomes.

Model Review

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.

Portfolio Construction Insights

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/performancestudy.

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 7/1/02 to 6/30/22. 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 2,675 rolling 10-year periods.

6 16 funds covering 1,423 rolling 10-year periods.

7 8 funds covering 892 rolling 10-year periods.

8 24 funds covering 2,675 rolling 10-year periods.

9 164 funds covering 16,337 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.

10 1,854 funds covering 159,864 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.

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