Fund Ranks #1 in its Lipper Category for One- and Ten-Year Periods; Offers
Multinational Strategy in One Investment
BALTIMORE, May 3 /PRNewswire-FirstCall/ -- T. Rowe Price has added its
Global Stock Fund to its list of funds that offer Advisor Class shares,
bringing the total number of funds with Advisor Class shares to 27. Advisor
Class shares carry a 12b-1 fee of 0.25%, and can only be purchased through
financial intermediaries.
The T. Rowe Price Global Stock Fund seeks long-term capital growth by
investing primarily in common stocks of established companies throughout
the world, including the United States. It invests in 80 to 100 stocks
representing T. Rowe Price's best investment ideas throughout the developed
and emerging markets and across the entire capitalization range, enabling
it to offer a multinational strategy in one investment. The fund is managed
by Robert N. Gensler, who emphasizes companies that are operating in stable
to improving industries and have strong business models that are generating
superior market share gains and free cash flow growth. A veteran global
investor, Mr. Gensler joined T. Rowe Price in 1993 and was previously
manager of the T. Rowe Price Global Technology and T. Rowe Price Media &
Telecommunications funds. In addition, he was a finalist last year for
Morningstar's "International Stock Manager of the Year."(1)
For the one- and 10-year periods ending March 31, 2006, Lipper ranked
the Global Stock Fund #1 out of 69, and #1 out of 20 global large-cap
growth funds based on cumulative total return. Its five-year ranking is #2
out of 46 and its three-year ranking is #4 out of 53. The fund has posted
one-, three-, five- and ten-year annualized returns of 36.72%, 27.53%,
8.90%, and 9.32% respectively as of March 31, 2006.(2) Current performance
may be lower or higher than the quoted past performance, which cannot
guarantee future results. Share price, principal value, and return will
vary, and you may have a gain or loss when you sell your shares. To obtain
the most recent month-end performance, please call 1-877-804-2315 or go to
troweprice.com. The performance information shown does not reflect the
deduction of a 2% redemption fee on shares held for three months or less.
If it did, the performance would be lower.
"I think of the world as being without borders," said Mr. Gensler.
"It's one global economy, so we focus less on geography than on finding the
best investment ideas in the world and where the best practices are being
replicated. We also look at the globe by sectors, and try to identify the
best companies in an industry, regardless of location."
"We are seeing growing interest in global equity strategies," said John
Cammack, head of Third Party Distribution for T. Rowe Price. "Including the
Global Stock Fund in our lineup of Advisor Class funds expands the
selection of diverse and competitive funds we can offer with enhanced
pricing flexibility, while providing intermediaries with valuable additions
to their asset allocation programs. T. Rowe Price's Advisor Class shares,
which were first launched in March 2000 and supplement the strong advisor
use of our overall fund lineup, have been well received by fee-based
intermediaries -- such as advisors, broker dealers, and banks -- who have
found our solid risk- adjusted performance and consistent style discipline
to be very appealing."
Founded in 1937, Baltimore-based T. Rowe Price (Nasdaq: TROW) is a
global investment management firm with $292.9 billion in assets under
management as of March 31, 2006. The firm provides a broad array of mutual
funds, sub- advisory services, and separate account management for
financial intermediaries, retirement plans, and individual and
institutional investors. T. Rowe Price's disciplined, risk-aware investment
approach focuses on diversification, style consistency, and fundamental
research.
Call 1-877-804-2315 to request a prospectus, which includes investment
objectives, risks, fees, expenses, and other information that you should
read and consider carefully before investing.
T. Rowe Price Investment Services, Inc., distributor.
(1) Established in 1988, the Morningstar Fund Manager of the Year award
recognizes portfolio managers who demonstrate excellent investment
skill and the courage to differ from the consensus to benefit
investors. In identifying managers who qualify for the award,
Morningstar considers the performance of managers' funds for the year
and over the long-term, as well as their record of aligning their
interests with shareholders. Winners are chosen based on
Morningstar's proprietary research and in-depth evaluation by its fund
analysts.
(2) All performance figures are for the retail share class. These figures
include changes in principal value, reinvested dividends and capital
gain distributions. The performance results of the investor class
have not been adjusted to reflect the 12b-1 fee associated with the
Advisor Class (0.25%). Had this fee been included, the performance
would have been lower.
SOURCE T. Rowe Price
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Related links:
http://www.troweprice.com
CONTACT:
Brian Lewbart, +1-410-345-2242, or Steve
Norwitz, +1-410-345-2124, both of T. Rowe Price
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