Blue Chip Growth Fund - R 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.

Morningstar (Category)

Morningstar
(Overall Rating)1

Large Growth
  (1,117 funds)

Data as of 11/30/2021

Data as of 11/30/2021

Fund Manager Tenure2

Net Assets3
(USD)

1yr
$103.9b

Data as of 11/30/2021

Data as of 11/30/2021

Price
(USD)

Daily Price Change

$182.94
$+5.48

Data as of 12/07/2021

Data as of 12/07/2021

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™.

Paul Greene, II
Paul Greene, II, Portfolio Manager

Paul Greene is the 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 Growth Equity, Communications and Technology Equity, and US Growth Stock Equity Strategies. He is an Investment Advisory Committee member of the Global Growth Equity and Global Focused Growth Equity Strategies. Paul is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.

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Strategy

Investment Objective

The fund seeks to provide long-term capital growth. Income is a secondary objective.

Average Annual Total Returns (R Class)

1 YR
21.62%
Benchmark
30.00%
Value
-8.38% -7.80%

Data as of 09/30/2021

3 YR
18.66%
Benchmark
15.99%
Value
2.67% 2.60%

Data as of 09/30/2021

5 YR
21.75%
Benchmark
16.90%
Value
4.85% 4.96%

Data as of 09/30/2021

10 YR
19.48%
Benchmark
16.63%
Value
2.85% 2.55%

Data as of 09/30/2021

Benchmark: S&P 500 Index

Investor Class Inception Date: 06/30/1993

R Class Inception Date: 09/30/2002

Expense Ratio

Gross
1.21%
Net
1.21%

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.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

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.

Sectors

Total
Sectors
8

Data as of 11/30/2021

Benchmark: S&P 500 Index

Largest Sector Information Technology 42.40% Was (10/31/2021) 39.95%
Other View complete

Contributor

Information Technology
By 0.41%
Sector 0.10%
Selection 0.31%

Detractor

Consumer Discretionary
By -0.76%
Sector -0.03%
Selection -0.73%

Data as of 09/30/2021

Over

Communication Services
By 13.10%
Fund 23.46%
Benchmark 10.36%

Under

Financials
By -8.26%
Fund 2.57%
Benchmark 10.84%

Data as of 11/30/2021

Team (As of )

Paul Greene, II

Paul Greene, II
Portfolio Manager

Paul Greene is the 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 Growth Equity, Communications and Technology Equity, and US Growth Stock Equity Strategies. He is an Investment Advisory Committee member of the Global Growth Equity and Global Focused Growth Equity Strategies. Paul is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Trust Company.

  • Fund manager
    since 2020
  • Years at
    T. Rowe Price 15
  • Years investment
    experience 15
Craig Watson, CPA

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 14
  • Years investment
    experience 14
Ronald Taylor

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 18
  • Years investment
    experience 33

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

View platform information
1

© 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.

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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