T. Rowe Price Large-Cap Growth Fund I Class (TRLGX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of large-cap growth companies. The fund normally invests at least 80% of its net assets in securities of large-cap companies defined as those with market capitalizations larger than the median of the Russell 1000 Growth Index; it follows a growth-oriented approach targeting firms with above-average earnings and cash flow growth, ability to sustain momentum during economic slowdowns, and positions in lucrative economic niches. Key sectors include information technology (approximately 50%), communication services, financials, health care, and consumer discretionary, with a portfolio typically comprising 49 holdings and low turnover of 17%; the fund is non-diversified and classified in the Large Growth Morningstar category.
TRLGX, launched on October 31, 2001, is managed by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland. T. Rowe Price Group operates internationally with 17 offices serving clients in 55 countries, focusing on active management across equities, fixed income, and alternatives; the fund targets institutional and high-net-worth investors with a minimum initial investment of $500,000, a net expense ratio of 0.55%, and total assets under management of approximately $23.3 billion.
Recent strategic developments at T. Rowe Price Group include the acquisition of Oak Hill Advisors for $7.5 billion in early 2025, enhancing private credit and alternatives capabilities to meet evolving client needs in financing and investment strategies. In September 2025, the firm announced a strategic alliance with Goldman Sachs, under which Goldman will invest up to $1 billion in T. Rowe Price stock while partnering to offer private-market products to retail, retirement, and wealth investors. Additionally, in December 2025, T. Rowe Price transitioned to Charles River Development's enterprise multi-asset investment management platform, expanding its technology infrastructure for portfolio management.