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.
Fund Manager Tenure
Daily Price Change
Investor Class Inception Date 30-Jun-1993
I Class Inception Date 17-Dec-2015
Investment ObjectiveThe fund seeks to provide long-term capital growth. Income is a secondary objective.
- Identify high-quality companies with leading market positions in fertile growth fields. Integrate fundamental research — emphasize sustainable growth, not momentum growth.
- Focus on high-quality earnings, strong free cash flow growth, shareholder-oriented management, and rational competitive environments.
- Avoid overpaying for growth, while broadly diversifying portfolios, to help manage portfolio risk.
- The fund is subject to the volatility inherent in common stock investing, and its share price may fluctuate more than a fund investing in non-growth oriented stocks. Diversification cannot assure a profit or protect against loss in a declining market.
- Typically 100-150 stock portfolio
- Individual position sizes are typically +/-3% relative to S&P 500 Index and +/-5% versus the Russell 1000 Growth Index weightings.
- Sector weights typically range from 0.5X to 2.0X for primary S&P Index sectors and 0.5X to 3.0X for primary Russell 1000 Growth Index sectors.
The T. Rowe Price Funds - I Class share the portfolio of an existing fund (the original share class of the fund is referred to as the "investor class"). The total return figures for I Class shares have been calculated using the performance data of the investor class up to the inception date of the I Class (shown above) and the actual performance results of the I Class since that date. Because the I Classes are expected to have lower expenses than the Investor Classes, the I Class performance, had it existed over the periods shown, would have been higher.