BALTIMORE, March 16,
2022 /PRNewswire/ --
NEWS
- T. Rowe Price was named
Refinitiv Lipper's 2022 Best Overall Large U.S. Fund Management
Group over 3 years on March 10, 2022.
The award recognizes above-average risk-adjusted performance across
bond, equity, and mixed-asset product lineups combined.
- T. Rowe Price also received 24
awards for 21 funds in the Refinitiv Lipper 2022 Fund Awards.
Awards at the individual fund level are bestowed for consistently
strong risk-adjusted performance relative to peers over 3-, 5-, and
10-year time periods. The individual fund winners are in the table
below.
- T. Rowe Price received awards in
the following Lipper fund categories: Corporate Debt
BBB-Rated, Financial Services, Global High Yield, Global Multi-Cap
Growth, Health/Biotechnology, Mid-Cap Growth, Mixed-Asset Target
Allocation Growth, Real Return, and Mixed-Asset Target: 2010, 2015,
2020, 2025, 2030, 2045, 2055+, and 2060.
QUOTE
Eric Veiel, Head of Global Equity
and Chief Investment Officer, T. Rowe
Price:
- "We are honored and grateful that T. Rowe Price has been recognized with such a
prestigious award. It demonstrates the value that our strategic
investing approach brings to our clients. And it reflects the
impressive strength and depth of the investment professionals we
are fortunate to have, including the portfolio managers, analysts
and traders who comprise our global research and trading
teams."
Andy McCormick, Head of Fixed
Income and Chief Investment Officer, T.
Rowe Price
- "Our portfolio managers, the analysts who make up one of the
industry's largest and most experienced global research platforms,
and our trading teams, strive every day to deliver superior,
long-term investment results to our clients. We are pleased
that their achievements have been recognized with these
distinguished awards."
Classification
|
Fund
Name
|
Mixed-Asset Target
2010 Funds
|
|
10 Years
|
T. Rowe Price
Retirement 2010 Fund
|
5 Years
|
T. Rowe Price
Retirement I 2010 Fund, I Class
|
3 Years
|
T. Rowe Price
Retirement I 2010 Fund, I Class
|
Mixed-Asset Target
2015 Funds
|
|
10 Years
|
T. Rowe Price
Retirement 2015 Fund
|
5 Years
|
T. Rowe Price
Retirement I 2015 Fund, I Class
|
3 Years
|
T. Rowe Price
Retirement I 2015 Fund, I Class
|
Mixed-Asset Target
2020 Funds
|
|
10 Years
|
T. Rowe Price
Retirement 2020 Fund
|
5 Years
|
T. Rowe Price
Retirement I 2020 Fund, I Class
|
Mixed-Asset Target
2025 Funds
|
|
10 Years
|
T. Rowe Price
Retirement 2025 Fund
|
5 Years
|
T. Rowe Price
Retirement I 2025 Fund, I Class
|
Mixed-Asset Target
2030 Funds
|
|
5 Years
|
T. Rowe Price
Retirement I 2030 Fund, I Class
|
Mixed-Asset Target
2045 Funds
|
|
3 Years
|
T. Rowe Price
Retirement I 2045 Fund, I Class
|
Mixed-Asset Target
2050 Funds
|
|
3 Years
|
T. Rowe Price
Retirement I 2050 Fund, I Class
|
Mixed-Asset Target
2055+ Funds
|
|
3 Years
|
T. Rowe Price
Retirement I 2055 Fund, I Class
|
Mixed-Asset Target
2060 Funds
|
|
3 Years
|
T. Rowe Price
Retirement I 2060 Fund, I Class
|
Mixed-Asset Target
Allocation Growth Funds
|
|
10 Years
|
T. Rowe Price Capital
Appreciation Fund
|
Corporate Debt
BBB-Rated Funds
|
|
5 Years
|
T. Rowe Price
Institutional Long Duration Fund
|
3 Years
|
T. Rowe Price
Institutional Long Duration Fund
|
Financial Services
Funds
|
|
10 Years
|
T. Rowe Price Financial
Services Fund
|
Global High Yield
Funds
|
|
5 Years
|
T. Rowe Price Global
High Income Bond Fund, I Class
|
Global Multi-Cap
Growth Funds
|
|
10 Years
|
T. Rowe Price Global
Stock Fund
|
Health/
Biotechnology Funds
|
|
10 Years
|
T. Rowe Price Health
Sciences Fund
|
Mid-Cap Growth
Funds
|
|
10 Years
|
T. Rowe Price New
Horizons Fund
|
Real Return
Funds
|
|
3 Years
|
T. Rowe Price Real
Assets, I Class
|
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.
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.
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.
Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights
reserved.
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.
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price
(NASDAQ-GS: TROW) is an independent global asset management company
with $1.54 trillion in assets under
management as of February 28, 2022.
The firm is focused on delivering investment excellence and
retirement services for institutional, intermediary, and individual
investors. Our strategic investing approach, driven by independent
thinking and guided by rigorous research, helps clients feel
confident in pursuing financial goals. For more information, visit
troweprice.com, Twitter, YouTube,
LinkedIn, Instagram, or Facebook.
T. ROWE PRICE, INVEST WITH
CONFIDENCE, and the Bighorn Sheep design are, collectively and/or
apart, trademarks or registered trademarks of T. Rowe Price Group,
Inc. in the United States,
European Union, and other countries.
ADDITIONAL INFORMATION
All investments are subject to risk, including the possible loss
of principal. Fixed-income securities are subject to credit risk,
liquidity risk, call risk, and interest-rate risk. As interest
rates rise, bond prices generally fall. International
investments can be riskier than U.S. investments due to the adverse
effects of currency exchange rates, differences in market structure
and liquidity, as well as specific country, regional, and economic
developments. Small-cap stocks have generally been more
volatile in price than the large-cap stocks. The prices of
sector focused funds tend to be more volatile than more diversified
funds.
The principal value of the Retirement and Retirement I Funds –
Class I 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 and derivatives will change over time. The funds
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. Derivatives may be riskier or more
volatile than other types of investments because they are generally
more sensitive to changes in market or economic conditions.
Consider the investment objectives, risks, and charges and
expenses carefully before investing. For a prospectus or, if
available, a summary prospectus containing this and other
information, visit troweprice.com. Read it carefully.
Only eligible investors may purchase Institutional shares. See a
prospectus for eligibility requirements and other available share
classes.
Past performance cannot guarantee future results.
T. Rowe Price Investment Services, Inc., Distributor, T.
Rowe Price mutual funds.
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SOURCE T. Rowe Price Group, Inc.