Growth Stock Fund - R Class
Invests in companies having one or more of the following characteristics: superior growth in earnings and cash flow, ability to sustain earnings momentum even during economic slowdowns, occupation of a lucrative niche in the economy and ability to expand even during times of slow economic growth.
As with all equity funds, this fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings.
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 01/15/2021
Data as of 01/15/2021
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 long-term capital growth through investments in stocks.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 (R Class)
1 YR
36.21%Benchmark
18.40%Value
17.81%Data as of 12/31/2020
3 YR
20.39%Benchmark
14.18%Value
6.21%5 YR
18.54%Benchmark
15.22%Value
3.32%10 YR
16.27%Benchmark
13.88%Value
2.39%Expense Ratio
Gross
1.18%Net
1.18%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 (R Class)
Daily YTD
-1.93%Benchmark
0.39%Value
-2.32%Data as of 01/15/2021
Monthly YTD
36.21%Benchmark
18.40%Value
17.81%Data as of 12/31/2020
One Month
4.00%Benchmark
3.84%Value
0.16%Three Months
11.84%Benchmark
12.15%Value
-0.31%Asset Allocation
Net Assets
(USD)
$68.7b
Holdings
Total
Holdings
87
Largest Contributor
Amazon.com
10.58%Largest Detractor
Alibaba Group Holding
2.20%Purchase
Sea
1.65%Sale
Salesforce.com
1.79%Sectors
Total
Sectors
7
Contributor
Communication Services
By 0.94%Detractor
Information Technology
By -0.98%Over
Information Technology
By 11.96%Under
Financials
By -8.68%Team (As of )
Joseph Fath
Lead Portfolio Manager
Joe Fath is the portfolio manager for the U.S. Growth Stock Equity Strategy, including the Growth Stock Fund, in which he is chairman of the investment advisory committee. He is a vice president and member of the investment advisory committee of the U.S. Quantitative US, U.S. Mid-Cap Growth Equity, U.S. Communications and Technology and U.S. Large-Cap Growth Equity Strategies. He is vice president of T. Rowe Price Group.
- Fund manager
since 2014 - Years at
T. Rowe Price 18 - Years investment
experience 20
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 | ||||
|
R Class Cusip 741479307 |
$2,500 | $100 | 0.50% | 1.18% | 1.18% | N/A | N/A |
|
Investor Class Cusip 741479109 |
$2,500 | $100 | 0.00% | 0.65% | 0.65% |
N/A |
N/A |
|
I Class Cusip 741479406 |
$1,000,000* | N/A | 0.00% | 0.52% | 0.52% |
N/A |
N/A |
|
Advisor Class Cusip 741479208 |
$2,500 | $100 | 0.25% | 0.92% | 0.92% |
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.
Joe Fath is the portfolio manager for the U.S. Growth Stock Equity Strategy, including the Growth Stock Fund, in which he is chairman of the investment advisory committee. He is a vice president and member of the investment advisory committee of the U.S. Quantitative US, U.S. Mid-Cap Growth Equity, U.S. Communications and Technology and U.S. Large-Cap Growth Equity Strategies. He is vice president of T. Rowe Price Group.