T. Rowe Price Blue Chip Growth Fund Class R
RRBGX
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- T. Rowe Price Blue Chip Growth Fund Class R (RRBGX) is an open-end mutual fund managed by T. Rowe Price Group, Inc., that seeks long-term capital growth through investment primarily in the common stocks of large- and medium-cap blue chip growth companies with leading market positions, seasoned management, and strong financial fundamentals; income is a secondary objective. The fund normally invests at least 80% of its net assets in such securities, with a non-diversified portfolio concentrated in high-quality growth stocks across sectors including technology (e.g., Microsoft Corp at 11.53%, NVIDIA Corp at 10.66%, Apple Inc at 9.31%), consumer cyclical (e.g., Amazon.com Inc at 8.38%), communication services (e.g., Alphabet Inc Class C at 5.63%, Meta Platforms Inc Class A at 4.87%), financial services (e.g., Visa Inc Class A at 3.69%, Mastercard Inc Class A at 2.73%), healthcare (e.g., Eli Lilly and Co at 3.54%), and communication services (e.g., Netflix Inc at 2.42%), representing approximately 62.8% of assets in its top 10 holdings out of around 70 total positions. It targets individual and institutional investors, financial intermediaries, and retirement plans in the large growth category, benchmarked against indices like the S&P 500 TR and Russell 1000 Growth. Geographic operations focus predominantly on U.S. equities (approximately 93-97% of assets), with minor exposure to non-U.S. stocks (around 4%), cash, bonds, and other assets. T. Rowe Price Group, Inc., the fund family founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, manages total net assets exceeding $1.5 trillion across its broad array of mutual funds, subadvisory services, separate accounts, and retirement plans, serving clients in over 50 countries through 17 international offices. In recent developments, effective March 1, 2025, the fund updated its principal investment strategy to explicitly emphasize securities of blue chip companies with growth characteristics, formalizing its longstanding approach in the prospectus. Portfolio manager Paul Greene, who assumed lead responsibility on October 1, 2021, implemented incremental adjustments post-2022 market downturn to reduce exposure to fast-growth stocks, incorporate moderate-growth names for stability, and enhance stock selection, resulting in top-quartile performance relative to the Russell 1000 Growth Index in 2023, 2024, and through mid-2025, driven by holdings like Nvidia, Meta Platforms, and Carvana. The share class, part of a family with inception dating to June 30, 1993 (RRBGX specifically launched September 30, 2002), maintains a net expense ratio around 1.21%, annual turnover of 15-16%, and assets under management of approximately $63.7-69.4 billion as of late 2025.