Blue Chip Growth Fund - Advisor Class

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.

PABGXCUSIP 77954Q205
Prospectus

Morningstar (Category)

Morningstar
(Overall Rating)1

Large Growth
  (1,237 funds)

Data as of 06/30/2020

Data as of 06/30/2020

Fund Manager Tenure2

Net Assets3
(USD)

27yrs
$78.9b

Data as of 06/30/2020

Data as of 06/30/2020

Price
(USD)

Daily Price Change

$143.55
$+0.59

Data as of 07/09/2020

Data as of 07/09/2020

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™.

Larry Puglia
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.

View more

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 06/30/2020

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.

Morningstar Rating

Period Rating Funds In Category (Large Growth)
Overall 1,237
3 Years 1,237
5 Years 1,084
10 Years 809

The Morningstar Rating™ for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Average Annual Total Returns (Advisor Class)

1 YR
19.05%
Benchmark
7.51%
Value
11.54% 11.54%

Data as of 06/30/2020

3 YR
18.64%
Benchmark
10.73%
Value
7.91% 7.91%
5 YR
15.89%
Benchmark
10.73%
Value
5.16% 5.16%
10 YR
17.92%
Benchmark
13.99%
Value
3.93% 3.93%

Expense Ratio

Gross
0.96%
Net
0.96%

Benchmark: S&P 500 Index

Investor Class Inception Date: 06/30/1993

Advisor Class Inception Date: 03/31/2000

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 (Advisor Class)

Daily YTD
17.59%
Benchmark
-1.41%
Value
19.00%

Data as of 07/09/2020

Monthly YTD
10.85%
Benchmark
-3.08%
Value
13.93%

Data as of 06/30/2020

One Month
4.04%
Benchmark
1.99%
Value
2.05%
Three Months
27.73%
Benchmark
20.54%
Value
7.19%

Benchmark: S&P 500 Index

Investor Class Inception Date: 06/30/1993

Advisor Class Inception Date: 03/31/2000

Asset Allocation

Net Assets
(USD)
$78.9b
Largest US Stock 91.79% $72.4b
Other View complete Asset Allocation

Data as of 06/30/2020

Holdings

Total
Holdings
125
Largest Holding Amazon.com 10.77% Was (12/31/2019) 8.80%
Other View complete Full Holdings
Top 10 Holdings 49.19% View the latest Top 10 Holdings
12-Month Portfolio Turnover 30.7% Data as of 06/30/2020

Data as of 03/31/2020

Largest Contributor

Amazon.com
10.77%

Largest Detractor

Alphabet
6.78%

Data as of 03/31/2020

Purchase

Netflix
2.43%
Was 1.47%

Sale

Boeing
0.44%
Was 2.19%

Data as of 03/31/2020

Sectors

Total
Sectors
11
Largest Sector Information Technology 37.60% Was (05/31/2020) 36.64%
Other View complete Sector Diversification

Data as of 06/30/2020

Benchmark: S&P 500 Index

Contributor

Communication Services
By 2.14%
Sector -0.09%
Selection 2.23%

Detractor

Energy
By -0.20%
Sector -0.21%
Selection 0.01%

Data as of 06/30/2020

Over

Information Technology
By 10.14%
Fund 37.60%
Benchmark 27.46%

Under

Consumer Staples
By -6.94%
Fund 0.11%
Benchmark 7.05%

Data as of 06/30/2020

Team (As of )

Larry Puglia

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
Paul Greene II

Paul Greene II
Portfolio Manager

Paul Greene is 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, U.S. Quantitative US, and US Growth Stock Strategies. Paul is a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 14
  • Years investment
    experience 14
Craig Watson

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 12
  • Years investment
    experience 24
Ronald Taylor

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
Advisor Class
Cusip 77954Q205
$2,500 $100 0.25% 0.96% 0.96% N/A N/A
Investor Class
Cusip 77954Q106
$2,500 $100 0.00% 0.69% 0.69% 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.

1

© 2020 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.

2

Number of years managing the fund.  In the case of co-portfolio management, the longer tenure is displayed.

3

Figure applies to all share classes.

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