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T. ROWE PRICE CAPITAL APPRECIATION FUND ESTABLISHES NEW RECORD FOR PERFORMANCE CONSISTENCY

1. David Giroux's fund outperformed peers for 17 consecutive years. 2. T. Rowe Price Capital Appreciation Fund leads in long-term performance. 3. $100,000 investment in 2008 grew to $490,000 by 2024. 4. Fund performance surpassed category average by 94% over 16 years.

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Why Very Bullish?

Giroux's consistent outperformance could attract new investors, increasing TROW's stock value, similar to past performance-driven growth.

How important is it?

The article highlights strong fund performance, directly impacting TROW's reputation and attractiveness to investors.

Why Long Term?

Long-term investment success showcases TROW's stability and could solidify investor loyalty, influencing long-term stock trends.

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TROWPRWCX
David Giroux's fund has beaten its Morningstar peer group average for 17 consecutive years BALTIMORE, Jan. 14, 2025 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm and leader in retirement, announced that, as of the close of 2024, the T. Rowe Price Capital Appreciation Fund (Ticker: PRWCX) holds the longest streak of outperformance versus its Morningstar peers among any U.S. equity or multi-asset fund under the same portfolio manager. Managed by David Giroux, CFA®, the fund has beaten its Morningstar peer group average for 17 consecutive years1, setting the record not only in its Moderate Allocation peer group but also among all U.S. equity or multi-asset peer groups.The assessment of Giroux's performance streak is based on an analysis by T. Rowe Price, which compared the Capital Appreciation Fund to more than 3,000 funds since 1925, reflecting the first full calendar year of performance of the first mutual fund. The analysis reviewed U.S. domiciled funds and exchange traded funds (ETFs) within the Morningstar Direct database that have at least a 17-year track record. The analysis concluded that no multi-asset or U.S. equity mutual fund or ETF in history has had a longer streak under the same portfolio manager.An investor who made an initial investment of $100,000 in the Capital Appreciation Fund in 2008, would have had $490,000 at the end of 2024, compared to $253,000 from the Morningstar U.S. Fund Moderate Allocation category average, or 94% more dollars than the category average.

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