advice-awards-stack
Source: Lipper Inc. 127 of 152 of our Investor Class mutual funds (excludes mutual funds not available for direct purchase) more than 6 months old had gross expense ratios below their Lipper averages based on fiscal year-end data available as of 6/30/2026.
182 of our 300 mutual funds had a 10-year track record as of 6/30/2026 (includes Investor Class and I Class Shares). 114 of these 182 mutual funds (63%) beat their Lipper average for the 10-year period. 189 of 300 (63%), 167 of 273 (61%), and 130 of 247 (53%) of the mutual funds outperformed their Lipper average for the 1-, 3-, and 5-year periods ended 6/30/2026, respectively. Calculations based on cumulative total return. Not all mutual funds outperformed for all periods. (Source for data: Lipper Inc.) Past performance is no guarantee or a reliable indicator of future results.
Morningstar gives its best ratings of 5 or 4 stars to the top 32.5% of all funds (of the 32.5%, 10% get 5 stars and 22.5% get 4 stars) based on their risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. As of 6/30/2026, 59 of 152 of our Investor Class mutual funds (excludes mutual funds not available for direct purchase) received an overall rating of 5 or 4 stars.
The Morningstar Rating™ for funds, or “star rating,” is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
Source for Morningstar data: ©2026 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. Past performance is no guarantee of future results.
Asset class figures shown represent total assets under management of $1.71T as of 3/31/2026. All amounts shown in U.S. dollars and subject to adjustment. Firmwide assets under management includes assets managed by T. Rowe Price Associates, Inc. and its investment advisory affiliates, in addition to SMA Model Delivery.
‡On November 14, 2025, T. Rowe Price Advisory Services was recognized as one of America’s Top Financial Advisory Firms for 2026 by Newsweek and Plant-A Insights Group. The ranking highlights the top 1,000 registered investment advisory firms in the United States based on a rigorous evaluation of firm growth, advisor expertise, breadth of services, and ethical practices. Selection for the ranking required firms to meet criteria including $20 million or more in assets under management, a minimum of three wealth advisors, at least five individual clients, at least two years of SEC registration, U.S. headquarters, and a clean disciplinary record. Firms were scored based on growth in assets and client base (short- and long-term), advisor credentials and client-to-advisor ratio, service breadth, and disclosed conflicts of interest. Data sources included SEC Form ADV filings, and rankings were validated by Newsweek’s editorial team. The data analyzed was from an evaluation period of September 2020-September 2025. T. Rowe Price Advisory Services received a 5-star rating and was recognized for excellence in client service and asset management. T. Rowe Price Advisory Services is not affiliated with Newsweek or Plant-A Insights Group. Although T. Rowe Price Advisory Services is paying a licensing fee to Newsweek to promote this award, it did not pay any compensation directly or indirectly in connection with obtaining the ranking.
§On April 28, 2025, T. Rowe Price was named as one of the best financial advisory firms of 2025. The ranking of the best registered investment advisory firms (RIA Firms) was determined using a methodology that considered recommendations by clients, industry experts, and financial advisors, as well as the development of assets under management (AUM). Recommendations were gathered through an independent survey of over 30,000 individuals, with self-recommendations prohibited. AUM development was analyzed using publicly available data, with short-term development assessed over a 12-month period from January 2024 to January 2025, and long-term development over a five-year period from 2020 to 2025. The final score was calculated by weighting recommendations at 20% and AUM development at 80%, with a 30/70 ratio for short-term and long-term AUM growth. The data used for the analysis was collected up to January 2025. The award was presented by USA Today and Statista Inc., a leading statistics portal and industry ranking provider that tabulated the rating. T. Rowe Price is not affiliated with USA Today or Statista. T. Rowe Price provided no compensation either directly or indirectly in connection with obtaining or using this rating.