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Blue Chip Growth Fund

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.

TRBCXCUSIP 77954Q106
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Prospectus

Morningstar (Category)

Morningstar
(Overall Rating)1

Large Growth
  (1,284 funds)

Data as of 05/31/2017

Data as of 05/31/2017

Fund Manager Tenure2

Net Assets3
(USD)

23yrs
$39.0b

Data as of 05/31/2017

Data as of 05/31/2017

Price
(USD)

Daily Price Change

$87.89
$+0.98

Data as of 06/28/2017

Data as of 06/28/2017

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 lead manager for the firm's US Large-Cap Core Growth Equity Strategy. He has been managing U.S. Large-Cap Core Growth Portfolios 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.

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 05/31/2017

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 Rank Funds In Category (Large Growth)
Overall N/A 1,284
3 Years 112 1,284
5 Years 67 1,145
10 Years 79 805

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 (Investor Class)

1 YR
17.97%
Benchmark
17.17%
Value
0.80% 6.26%

Data as of 03/31/2017

3 YR
11.04%
Benchmark
10.37%
Value
0.67% 2.71%
5 YR
13.84%
Benchmark
13.30%
Value
0.54% 1.81%
10 YR
9.47%
Benchmark
7.51%
Value
1.96% 2.30%

Expense Ratio

Gross
0.72%
Net
0.72%

Benchmark: S&P 500 Index

Fund Inception: 06/30/1993

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 ratio 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 (Investor Class)

Daily YTD
19.69%
Benchmark
9.13%
Value
10.56%

Data as of 06/27/2017

Monthly YTD
18.63%
Benchmark
8.66%
Value
9.97%

Data as of 05/31/2017

One Month
3.57%
Benchmark
1.41%
Value
2.16%
Three Months
9.00%
Benchmark
2.57%
Value
6.43%

Benchmark: S&P 500 Index

Fund Inception: 06/30/1993

Asset Allocation

Net Assets
(USD)
$39.0b
Largest US Stock 93.25% $36.4b
Other View complete Asset Allocation

Data as of 05/31/2017

Holdings

Total
Holdings
138
Largest Holding Amazon.com 8.60% Was (12/31/2016) 8.32%
Other View complete Full Holdings
Top 10 Holdings 41.43% View the latest Top 10 Holdings

Data as of 03/31/2017

Contributor

Amazon.com
By 1.96%
% of fund 8.60%

Detractor

American Airlines
By -0.28%
% of fund 1.45%

Data as of 03/31/2017

Purchase

Apple
1.51%
Was 0.80%

Sale

NXP Semiconductors
0.52%
Was 1.18%

Data as of 03/31/2017

Sectors

Total
Sectors
9
Largest Sector Information Technology 37.58% Was (04/30/2017) 36.51%
Other View complete Sector Diversification

Data as of 05/31/2017

Benchmark: S&P 500 Index

Contributor

Consumer Discretionary
By 1.25%
Sector 0.03%
Selection 1.22%

Detractor

Financials
By -0.71%
Sector -0.12%
Selection -0.59%

Data as of 03/31/2017

Over

Information Technology
By 14.48%
Fund 37.58%
Benchmark 23.10%

Under

Consumer Staples
By -7.36%
Fund 2.06%
Benchmark 9.41%

Data as of 05/31/2017

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 lead manager for the firm's US Large-Cap Core Growth Equity Strategy. He has been managing U.S. Large-Cap Core Growth Portfolios 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 26
  • Years investment
    experience 27
Robert W.  Sharps

Robert W. Sharps
Portfolio Manager

Rob Sharps is co-head of Global Equity and Group Chief Investment Officer. He serves on the firm's Management Committee, International Steering Committee, Equity Steering Committee, Asset Allocation Committee and Product Strategy Committee. He is a vice president of T. Rowe Price Group, Inc.

  • Years at
    T. Rowe Price 19
  • Years investment
    experience 21
Joseph Fath

Joseph Fath
Portfolio Manager

Joe Fath is the portfolio manager for the US Growth Stock Strategy and is a member of the portfolio management team for the US Large-Cap Growth Equity Strategy in the U.S. Equity Division. Mr. Fath is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

  • Years at
    T. Rowe Price 14
  • Years investment
    experience 16
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 9
  • Years investment
    experience 21
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 13
  • Years investment
    experience 28

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) Redemption Fee 12b-1 Fee Expense Ratio
Gross Net Limitation Type Limitation Expiration Date
Investor Class
Cusip 77954Q106
$2,500 $100 N/A 0.00% 0.72% 0.72% N/A N/A
Advisor Class
Cusip 77954Q205
$2,500 $100 N/A 0.25% 0.98% 0.98% N/A
N/A
R Class
Cusip 77954Q304
$2,500 $100 N/A 0.50% 1.25% 1.25% N/A
N/A
I Class
Cusip 77954Q403
$1,000,000* N/A N/A 0.00% 0.58% 0.58% N/A
N/A

* Minimum initial investment $1,000,000, certain exceptions may apply. Minimum waived for I Classes offered through Workplace Retirement plans.

1

© 2017 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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