David Giroux Honored with 2025 Morningstar Nomination for Portfolio Management Excellence

David Giroux Honored with 2025 Morningstar Nomination



In an exciting development for the investment community, David Giroux, a prominent portfolio manager at T. Rowe Price, has been nominated for the 2025 Morningstar Outstanding Portfolio Manager award, specifically in the Allocation category. This nomination marks the seventh recognition of Giroux’s exceptional career, consolidating his prestigious reputation within the realm of investment management.

T. Rowe Price, a leading global investment management firm focusing on retirement solutions, made this announcement on June 17, 2025. This nomination is a part of the annual Morningstar Awards for Investing Excellence, which highlights outstanding portfolio managers and asset management firms that exhibit exemplary investment skills and align their interests with those of their clients.

Having served as a portfolio manager for nearly two decades at T. Rowe Price, Giroux has played a crucial role in steering the firm's Capital Appreciation Fund since June 30, 2006. Notably, his fund has achieved remarkable success, maintaining an impressive 17-year streak of outperforming its peers within the Morningstar category, making it one of the leading U.S. multi-asset funds under consistent management. This achievement underscores Giroux’s ability to adeptly manage risk while preserving principal value, a hallmark of his investment strategy.

The Capital Appreciation Fund is characterized by its diverse portfolio, primarily comprising common and preferred stocks, alongside fixed-income securities. As part of its classification within the Morningstar Moderate Allocation category, the fund has received a 5-star rating across various time horizons, indicating its strong performance relative to peers. Additionally, it holds a prestigious Morningstar Medalist Rating of Gold, reflecting its quality and management efficiency.

Stephan Jackson, head of T. Rowe Price Investment Management, praised Giroux’s relentless commitment to his shareholders, stating,

Topics Financial Services & Investing)

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