T. Rowe Price Continues to Thrive
Despite some changes at the top, the firm remains on solid footing.
Morningstar recently issued a new Stewardship Grade for T. Rowe Price. The firm's overall grade--which considers corporate culture, fund board quality, fund manager incentives, fees, and regulatory history--is an A. What follows is Morningstar's analysis of the firm's corporate culture, for which T. Rowe Price receives an A. This text, as well as analytical text on the other four Stewardship Grade criteria, is available to subscribers of Morningstar's software for advisors and institutions: Morningstar Advisor Workstation(SM), Morningstar Office(SM), and Morningstar Direct(SM).
T. Rowe Price excels at sticking to a disciplined investment process, one that's stayed consistent even as the firm has grown and experienced changes at the executive and portfolio manager levels over its 78-year history. Fueled by bottom-up, analyst-driven research, the funds are typically well diversified and constructed with an eye on risk, an approach that has reaped rewards: Over the trailing decade through September 2015, the median fund in its lineup has beaten 81% of its peers.
Katie Rushkewicz Reichart does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.