We wanted to share an update on the T. Rowe Price Capital Appreciation Fund (PRWCX), which is included in your 401(k) plan.
The fund was recently recognized for achieving a historic milestone, outperforming its Morningstar peer group for 17 consecutive years—a record for any U.S. equity or multi-asset fund under the same portfolio manager.
Over this 17-year period, an initial $100,000 investment in the fund would have grown to nearly double the average return of its U.S. Fund Moderate Allocation benchmark. This highlights the impact of consistent outperformance over time.
We are pleased that our comprehensive due diligence process has helped identify and maintain high-quality investment options that align with our clients' long-term financial goals. While past performance is no guarantee of future results, this fund has demonstrated long-term consistency under portfolio manager David Giroux and his experienced team.
For more details, T. Rowe Update.
If you have any questions, please don’t hesitate to reach out.