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Oct 25 2005

Four Price Funds Earn Morningstar "A" in Stewardship

Four T. Rowe Price funds now earn an Morningstar grade of A in stewardship because "the manager investment information was good enough to merit a bump up to the highest overall grade," according to this Morningstar article by Russel Kinnel (via Yahoo Finance). Kinnel names and profiles the four Price funds which include: T. Rowe Price High-Yield (Nasdaq:PRHYX), T. Rowe Price Real Estate (Nasdaq:TRREX), T. Rowe Price Spectrum Income (Nasdaq:RPSIX), and T. Rowe Price Tax-Free Income Fund. To determine a fund's Stewardship Grade, Morningstar looks at "the fund company's track record with regulators, corporate culture, manager compensation and other incentives, board accountability, and fees."

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