Institutional Large-Cap Core Growth Fund
Invests in blue chip companies with the following characteristics: leading market positions, seasoned management teams, strong financial conditions, above-average growth and profitability.
Growth stocks historically have been more volatile than cyclical stocks.
Morningstar (Category)
Morningstar
(Overall Rating)1
Data as of 06/30/2020
Data as of 06/30/2020
Fund Manager Tenure2
Net Assets3
(USD)
Data as of 06/30/2020
Data as of 06/30/2020
Price
(USD)
Daily Price Change
Data as of 08/04/2020
Data as of 08/04/2020
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™.
Strategy
Investment Objective
The fund seeks to provide long-term capital growth through investments in the common stocks of large-cap growth companies.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.
Average Annual Total Returns (Institutional)
1 YR
19.48%Benchmark
7.51%Value
11.97%Data as of 06/30/2020
3 YR
19.10%Benchmark
10.73%Value
8.37%5 YR
16.31%Benchmark
10.73%Value
5.58%10 YR
18.29%Benchmark
13.99%Value
4.30%Expense Ratio
Gross
0.56%Net
0.56%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 (Institutional)
Daily YTD
20.83%Benchmark
3.49%Value
17.34%Data as of 08/04/2020
Monthly YTD
11.03%Benchmark
-3.08%Value
14.11%Data as of 06/30/2020
One Month
4.06%Benchmark
1.99%Value
2.07%Three Months
27.75%Benchmark
20.54%Value
7.21%Asset Allocation
Net Assets
(USD)
$4.8b
Holdings
Total
Holdings
121
Largest Contributor
Amazon.com
11.69%Largest Detractor
Ross Stores
0.59%Purchase
Apple
3.87%Sale
Boeing
0.01%Sectors
Total
Sectors
11
Contributor
Communication Services
By 0.83%Detractor
Consumer Discretionary
By -0.93%Over
Information Technology
By 9.87%Under
Consumer Staples
By -6.96%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 2003 - Years at
T. Rowe Price 30 - Years investment
experience 31
Joseph Fath
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.
- Years at
T. Rowe Price 17 - Years investment
experience 19
Robert W. Sharps
Portfolio Manager
Rob Sharps is head of Investments and group chief investment officer of T. Rowe Price. He is chair of the Investment Management Steering Committee and 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 22 - Years investment
experience 24
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
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 | ||||
|
Institutional Cusip 45775L507 |
$1,000,000 | N/A | 0.00% | 0.56% | 0.56% | N/A | N/A |
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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.