T. ROWE PRICE CAPITAL APPRECIATION FUND TIES RECORD FOR LONG-TERM PERFORMANCE

January 8, 2024

https://www.prnewswire.com/news-releases/t-rowe-price-capital-appreciation-fund-ties-record-for-long-term-performance-302028241.html

David Giroux’s fund has beaten its Morningstar peer group average for 16 consecutive years

BALTIMORE, Jan. 8, 2024 /PRNewswire/ — T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today that the T. Rowe Price Capital Appreciation Fund (Ticker: PRWCX)  managed by David Giroux, CFA®, finished 2023 as having beaten its Morningstar peer group average for 16 consecutive years, tying the record for the most consecutive calendar years a U.S. equity or multi-asset fund has done so under the same portfolio manager. Based on T. Rowe Price’s analysis, the only other fund to accomplish this was the Pioneer Fund, managed by the late Philip Carret, who established the record between 1938-1953.1

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