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 12/31/2020
Data as of 12/31/2020
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 12/31/2020
Data as of 12/31/2020
Price
(USD)
Daily Price Change
Data as of 01/22/2021
Data as of 01/22/2021
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 12/31/2020
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
34.73%Benchmark
18.40%Value
16.33%Data as of 12/31/2020
3 YR
21.33%Benchmark
14.18%Value
7.15%5 YR
19.76%Benchmark
15.22%Value
4.54%10 YR
17.67%Benchmark
13.88%Value
3.79%Expense Ratio
Gross
0.69%Net
0.69%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
2.31%Benchmark
2.36%Value
-0.05%Data as of 01/22/2021
Monthly YTD
34.73%Benchmark
18.40%Value
16.33%Data as of 12/31/2020
One Month
2.47%Benchmark
3.84%Value
-1.37%Three Months
8.17%Benchmark
12.15%Value
-3.98%Asset Allocation
Net Assets
(USD)
$95.2b
Holdings
Total
Holdings
124
Largest Contributor
Amazon.com
11.29%Largest Detractor
Alibaba Group Holding
3.03%Purchase
Snap Inc.
0.90%Sale
Alibaba Group Holding
3.02%Sectors
Total
Sectors
7
Contributor
Real Estate
By 0.23%Detractor
Consumer Discretionary
By -2.36%Over
Communication Services
By 10.93%Under
Financials
By -7.17%Team (As of )
Larry J. Puglia, CFA, CPA
Lead Portfolio Manager
Larry J. Puglia is a portfolio manager in the U.S. Equity Division. Larry 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. He also is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. Larry is a vice president of T. Rowe Price Group, Inc.
- Fund manager
since 1993 - Years at
T. Rowe Price 30 - Years investment
experience 31
Paul Greene II
Portfolio Manager
Paul Greene is an associate portfolio manager of the US Large-Cap Core Growth Equity Strategy in the U.S. Equity Division. He is a vice president and an Investment Advisory Committee member of the US Large-Cap Core Equity, US Capital Appreciation, US Structured Research Equity, and US Growth Stock Strategies and an Investment Committee member of the Global Growth Equity Strategy. Paul is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 14 - Years investment
experience 14
Craig Watson, CPA
Portfolio Specialist
Craig Watson is a portfolio specialist in the U.S. Equity Division. He is a member of the U.S. Large-Cap Growth team, working closely with institutional clients, consultants, and prospects. Craig also is a vice president of T. Rowe Price Group, Inc., and a trustee on the T. Rowe Price Foundation, Inc.
- Years at
T. Rowe Price 13 - Years investment
experience 13
Ronald Taylor
Portfolio Specialist
Ron Taylor is a portfolio specialist in the U.S. Equity Division. He is a member of the US Large-Cap Growth Equity Strategy team, working closely with institutional clients, consultants, and prospects. Ron also is Chair of the Black Leadership Council and a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 17 - Years investment
experience 32
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% | 0.69% | 0.69% | N/A | N/A |
|
Advisor Class Cusip 77954Q205 |
$2,500 | $100 | 0.25% | 0.96% | 0.96% |
N/A |
N/A |
|
R Class Cusip 77954Q304 |
$2,500 | $100 | 0.50% | 1.22% | 1.22% |
N/A |
N/A |
|
I Class Cusip 77954Q403 |
$1,000,000* | N/A | 0.00% | 0.56% | 0.56% |
N/A |
N/A |
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
© 2021 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. Larry 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. He also is president of the Investment Advisory Committee of the US Large-Cap Core Growth Equity Strategy. Larry is a vice president of T. Rowe Price Group, Inc.