Jerome Clark, portfolio manager at T. Rowe Price, was the recent recipient of the Outstanding Portfolio Manager award, one of three 2020 U.S. Morningstar Awards for Investing Excellence. Jerome has worked at T. Rowe Price for 28 years and was one of the industry’s earliest advocates of target-date investing. He founded the firm’s target date strategies, including the college savings plan enrollment-date portfolios, in 2002 when there were only a handful of target-date investment products in the industry. Jerome was instrumental in creating the glidepaths for the college savings plan enrollment-date portfolios, and he oversaw their management for almost 20 years. While he has stepped away from the management of the college savings plan portfolios, Jerome continues to serve on the Multi-Asset Steering Committee, and he often lends his experience and expertise in a consulting role.

The Outstanding Portfolio Manager award honors a manager who, in addition to delivering strong returns for investors over their careers, has demonstrated excellent investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with the strategies’ investors. The other Morningstar awards include Rising Talent and Exemplary Stewardship.

“Our 2020 winners stand out for their investing acumen and commitment to helping investors meet their goals,” said Sarah Bush, Morningstar’s director of manager research, North America. “Clark and his team have generated strong returns for the series…while taking a thoughtful and research-driven approach to asset allocation.”

In addition to Jerome’s recognition, T. Rowe Price was also recognized by Morningstar with the Exemplary Stewardship award. This recognition is based on the company’s commitment to helping their investors reach their goals, as well as the longevity and expertise of their asset managers. For more information on Jerome, T. Rowe Price, and the 2020 Morningstar Awards for Investing Excellence, click here.

About the Education Trust of Alaska

The Education Trust of Alaska helps families provide for the increasing cost of education through tax-advantaged savings and investments in accordance with the provisions of Section 529 of the Internal Revenue Code. The University of Alaska serves as trustee and T. Rowe Price Associates, Inc. serves as program manager. The Trust offers three separately marketed 529 savings plans: Alaska 529, marketed directly to investors within Alaska; the T. Rowe Price College Savings Plan, marketed directly to investors nationwide; and the John Hancock Freedom 529, marketed nationally through financial advisors.

For more information about Alaska 529, visit Alaska529plan.com or call 1-800-478-0003.

About T. Rowe Price

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $1.2 trillion in assets under management as of August 31, 2019. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $179 billion in assets under advisement and management as of March 31, 2020. The Company has operations in 27 countries. For more information, visit www.morningstar.com/company.