T. Rowe Price Expands Adviser Class Lineup to 24
January 17, 2005
T. Rowe Price has added adviser share classes on four of its funds, thereby expanding its total adviser class lineup to 24. One of the funds, the T. Rowe Capital Opportunity fund, has also been given an R share class, making it eligible for sale in fee-based retirement plans. The company's complete lineup of R class funds is now 13. The other three funds now included in the advisor class lineup are the T. Rowe Real Estate, Short-Term Bond and Capital Appreciation funds.
T. Rowe Price's adviser class shares have a 25 basis-point 12b-1 fee, while the R shares have a 50 basis-point 12b-1 fee, enabling the firm to sell its funds through fee-based advisers and retirement plan providers, noted John Cammack, the firm's director of third-party distribution.