Morningstar recognizes our dedication to your success.
This award honors the firm that best demonstrates an investor-focused corporate culture.
This award honors managers who demonstrate excellent investment skill and have the courage to differ from the consensus to benefit investors.
“If our clients succeed, our firm will succeed.” This is the principle on which Thomas Rowe Price, Jr., founded our firm in 1937. It remains the belief that guides us today. So you can feel confident that we’ll always do what’s best for you and your investments.
Jerome is a pioneer of target date investing. Managing our target date funds since they launched in 2002, Jerome exemplifies our portfolio managers’ deep experience and dedication to pursuing better returns that can help reach your retirement goals.
We’re here to help you reach your goals, whatever they may be.
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We’ve been guiding investors for over 80 years. Let us help you stay on track to meet your financial goals.
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Focus on your retirement goals.
Our Retirement Funds give you a diversified investment portfolio in one easy step.
Under Jerome Clark’s guidance, over 95% of our retirement funds with a 10-year track record beat their 10-year Lipper average as of 6/30/20.*
Our deeply experienced investment team—averaging 22 years in the industry—manages the underlying investments. So you can be sure your money is in good hands.
*36 of our 40 Retirement Funds (Investor, Advisor, and R Class) had a 10-year track record as of 6/30/20 (includes all share classes). 35 of these 36 funds beat their Lipper average for the 10-year period. 27 of 40, 36 of 40, and 37 of 39 of the Retirement Funds outperformed their Lipper average for the 1-, 3-, and 5-year periods ended 6/30/20, respectively. Calculations are based on cumulative total return. Not all funds outperformed for all periods. (Source for data: Lipper Inc.)
The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will (with the exception of the Retirement Balanced Fund) change over time. The funds (other than the Retirement Balanced Fund) emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.
The Morningstar Awards for Investing Excellence winners are chosen based on research and in-depth qualitative evaluation by Morningstar's manager research group. View the full methodology for the awards. For more information about Morningstar Awards, visit https://go.morningstar.com/ Morningstar-Awards.
MORNINGSTAR EXEMPLARY STEWARDSHIP AWARD METHODOLOGY (PDF)
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.
MORNINGSTAR OUTSTANDING PORTFOLIO MANAGER AWARD METHODOLOGY (PDF)
To be eligible for the Outstanding Portfolio Manager award, managers must run one or more investment strategies that are under Morningstar manager research analyst coverage, and the manager’s strategy must currently earn a Morningstar Analyst Rating™ of Gold or Silver for at least one vehicle and/or share class.
Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar's Manager Research Group's current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund's, CIT's or separately managed account's underlying securities' creditworthiness.
Morningstar Awards 2020©. Morningstar, Inc. All Rights Reserved. Awarded to T. Rowe Price for 2020 U.S. Morningstar Exemplary Stewardship and to Jerome Clark for 2020 U.S. Morningstar Outstanding Portfolio Manager, U.S.A.
© 2020 Morningstar. 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.