T. Rowe Price: A leader in actively managed funds.
For more than 80 years, T. Rowe Price has taken an active, independent approach to mutual fund investing that may help clients feel more confident in pursuing their goals. That's why we're highlighting their active funds, which may help your clients meet their financial goals.
Schwab receives compensation from T. Rowe Price for our promotion of their actively managed mutual funds to clients of registered investment advisors that custody assets at Schwab, and for providing additional mutual fund marketing support to T. Rowe Price. Schwab also receives various fees for the recordkeeping, shareholder services and other administrative services that Schwab provides to other no transaction fee funds, including certain institutional share classes that are available with no transaction fee to investors at Schwab. Fees are discussed more fully here.
Why consider actively managed funds from T. Rowe Price?
In 2022, Charles Schwab & Co., Inc. and T. Rowe Price announced a strategic relationship, highlighting active fund opportunities for investors. T. Rowe Price's suite of actively managed funds, complemented by Schwab's lineup of passively managed funds, can offer advisors more ways to help clients build a diversified portfolio.
Through this strategic relationship, approximately 150 mutual funds from T. Rowe Price are available for purchase with no transaction fee, spanning ~70 Morningstar Categories.1
Low cost
More than 85% of TRP's institutional share classes available without transaction fees at Schwab have expense ratios at or below the average Morningstar Category expense ratio for institutional share classes.2
Experienced managers
Team of portfolio managers average 23 years in the industry.3
Highly rated funds
45% of T. Rowe Price's institutional share classes have 4- or 5-star Morningstar Overall Ratings.4
1,2. Morningstar Direct, January 31, 2024.
3. T. Rowe Price, December 31, 2023.
4. Morningstar Rating methodology, January 31, 2024.
Schwab receives compensation from T. Rowe Price to market and promote their funds, in addition to any shareholder servicing fees the fund company pays to Schwab, which creates conflicts of interest. Learn more about the compensations Schwab receives.
This third-party content presented is intended for informational purposes only and was provided by a third-party source believed to be reliable. Neither Charles Schwab & Co., Inc. ("Schwab"), nor its affiliates, endorse nor can guarantee the accuracy, timeliness, or completeness of the information presented.
Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.
The Morningstar Rating™ for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars and the next 22.5% receive 4 stars. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.
Schwab Advisor Services™ provides custody, trading, and the support services of Charles Schwab & Co., Inc. ("Schwab"), member SIPC, to independent investment advisors and Charles Schwab Investment Management, Inc. ("CSIM"). Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.