PRWAX – Fund Analysis – T. Rowe Price All-Cap Opportunities Fund | Morningstar

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Will PRWAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRWAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the PRWAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of PRWAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Adjusting to new leadership.

Associate Analyst Natalia Arrigoni

Natalia Arrigoni

Associate Analyst

Summary

An impending lead manager transition introduces uncertainty for T. Rowe Price All-Cap Opportunities, prompting downgrades of the People and Process ratings to Above Average and Average, respectively.

by Natalia Arrigoni

Rated on Apr 27, 2026 Published on Apr 27, 2026

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