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News T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), a global investment management organization and a market leader in target date investing, today announced that its Retirement Funds target date series has been awarded a Morningstar Gold Analyst Rating upgrade. i The Morningstar report cites several factors in its upgrade of the Retirement Series including one of the industry s best-resourced multi-asset teams, led by target date head and 20-year T. Rowe Price veteran Wyatt Lee; an extensive research capability underpinning the series; and an exemplary lineup of underlying managers with strong track records. Among fund managers with target date products that invest primarily in actively managed underlying funds, T. Rowe Price is the only one with products holding a Gold analyst rating from Morningstar, the highest rating offered.

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