Blue Chip Growth Fund
Invests in common stocks of large and medium-sized blue chip companies that have the potential for above-average earnings growth and are well established.
Growth stocks have historically been more volatile than cyclical stocks.
Morningstar (Category)
Morningstar
(Overall Rating)1
Data as of 10/31/2019
Data as of 10/31/2019
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 10/31/2019
Data as of 10/31/2019
Price
(USD)
Daily Price Change
Data as of 12/04/2019
Data as of 12/04/2019
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Strategy
Investment Objective
The fund seeks to provide long-term capital growth. Income is a secondary objective.Morningstar Equity Style
Large Growth
Data as of 10/31/2019
The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.
Average Annual Total Returns (Investor Class)
1 YR
1.97%Benchmark
4.25%Value
-2.28%Data as of 09/30/2019
3 YR
18.16%Benchmark
13.39%Value
4.77%5 YR
14.15%Benchmark
10.84%Value
3.31%10 YR
15.79%Benchmark
13.24%Value
2.55%Expense Ratio
Gross
0.70%Net
0.70%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. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
Current Year Performance (Investor Class)
Daily YTD
25.10%Benchmark
26.51%Value
-1.41%Data as of 12/04/2019
Monthly YTD
21.14%Benchmark
23.16%Value
-2.02%Data as of 10/31/2019
One Month
1.90%Benchmark
2.17%Value
-0.27%Three Months
-1.19%Benchmark
2.43%Value
-3.62%Asset Allocation
Net Assets
(USD)
$64.8b
Holdings
Total
Holdings
129
Largest Contributor
Microsoft
6.19%Largest Detractor
Amazon.com
9.03%Purchase
Fidelity National Information Services
1.84%Sale
UnitedHealth Group
1.45%Sectors
Total
Sectors
11
Contributor
Utilities
By 0.03%Detractor
Information Technology
By -0.79%Over
Consumer Discretionary
By 11.05%Under
Financials
By -8.04%Team (As of )
Larry Puglia
Lead Portfolio Manager
Larry J. Puglia is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. He has been managing the US Large-Cap Core Growth Equity Strategy since 1993 and has had lead responsibility for all institutional accounts and other investment products within the strategy since 1997. Mr. Puglia is a vice president of T. Rowe Price Group, Inc.
- Fund manager
since 1993 - Years at
T. Rowe Price 29 - Years investment
experience 30
Robert W. Sharps
Portfolio Manager
Rob Sharps is head of Investments and group chief investment officer of T. Rowe Price. He serves on the firm's Management, International Steering, Equity Steering, Fixed Income Steering, Asset Allocation, and Product Strategy Committees. He is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 21 - Years investment
experience 23
Joseph Fath
Portfolio Manager
Joe Fath is the portfolio manager for the US Growth Stock Strategy and is a member of the portfolio management team for the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. He is a member of the U.S. Equity Steering Committee. Mr. Fath is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
- Years at
T. Rowe Price 17 - Years investment
experience 19
Craig Watson
Portfolio Specialist
Craig Watson is a portfolio specialist in the Equity Division of T. Rowe Price. He is a member of the U.S. Large-Cap Growth team working closely with institutional clients, consultants, and prospects. Mr. Watson is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 11 - Years investment
experience 23
Ronald Taylor
Portfolio Specialist
Ron Taylor is a portfolio specialist in the Equity Division of T. Rowe Price. He is a member of the US Large-Cap Growth Equity Strategy team working closely with institutional clients, consultants, and prospects. Mr. Taylor is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 16 - Years investment
experience 31
For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.
How to Invest
View platform information| Share Class | Min Initial Investment (USD) | Min Subsequent Investment (USD) | 12b-1 Fee | Expense Ratio | |||
|---|---|---|---|---|---|---|---|
| Gross | Net | Limitation Type | Limitation Expiration Date | ||||
|
Investor Class Cusip 77954Q106 |
$2,500 | $100 | 0.00% | 0.70% | 0.70% | N/A | N/A |
|
Advisor Class Cusip 77954Q205 |
$2,500 | $100 | 0.25% | 0.97% | 0.97% |
N/A |
N/A |
|
R Class Cusip 77954Q304 |
$2,500 | $100 | 0.50% | 1.23% | 1.23% |
N/A |
N/A |
|
I Class Cusip 77954Q403 |
$1,000,000* | N/A | 0.00% | 0.57% | 0.57% |
N/A |
N/A |
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
© 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
Figure applies to all share classes.
Larry J. Puglia is a portfolio manager in the U.S. Equity Division of T. Rowe Price. He is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. He has been managing the US Large-Cap Core Growth Equity Strategy since 1993 and has had lead responsibility for all institutional accounts and other investment products within the strategy since 1997. Mr. Puglia is a vice president of T. Rowe Price Group, Inc.