T. Rowe Price Growth Stock Fund (PRGFX)

T. Rowe Price Growth Stock Fund (PRGFX) is one of the best rated domestic stock mutual funds. This large growth fund focuses its investment in companies with large capitalization. Additional fund review can be found below.

T. Rowe Price Growth Stock (Ticker: PRGFX)

The investment aim of T. Rowe Price Growth Stock fund is to provide long-term capital growth and increasing dividend income. This stock fund utilizes its assets to purchase the common stocks of a diversified group of growth companies. It may invest in other securities including foreign stocks, futures, and options.

Fund Details

• Fund Inception Date: April 11, 1950
• Ticker Symbol: PRGFX
• CUSIP: 741479109
• Beta (3yr): 1.10
• Rank in category (YTD): 10%
• Category: Large Growth
• Distribution: 0.02%
• Capital Gains: 0%
• Expense Ratio: 0.70%
• Net Assets: $ 29.90 billion
• Number of Years Up: 47 years
• Number of Years Down: 14 years
• Annual Turnover Rate: 29.50%

Updated on 7/2/2012

This T. Rowe Price fund has total net assets of $29.90 billion. Its dividend yield is only 0.02%. In December 2011, the paid out dividends was $0.01. The fund has annual holdings turnover as of April 13, 2012 of 29.50%. The average turnover in Large Growth category is 73.24%. The fund has 4-stars rating from Morningstar. It also gets Neutral rating. The annual expense ratio is 0.70%. There is no sales load.

Based on the load adjusted returns, this large growth stock fund has returned 25.40% over the past 3-year and 5.63% over the past 10-year. It has managed to achieve 47 years of positive return so far. The best 1 year total return was achieved in 2009 with 43.25%. The worst 1 year total return was occurred in 2008 with -42.26%. This fund has 19.13% of YTD return.

Investors of this best mutual fund have to make a first minimum purchase of $2,500 for brokerage account and $1,000 for retirement (IRA) account. This no load fund can be purchased through these brokerages: Vanguard, JP Morgan, T Rowe Price, Pershing Fund Center, Schwab Retail, Ameriprise Brokerage, Royal Alliance, Raymond James, etc.

The top 10 stocks in its holdings represent 36.15% as of March 2012. They are Amazon.com Inc, Apple, Baidu, Crown Castle International, Danaher, Google, MasterCard, Praxair, Qualcomm and priceline.com. As of March 2012, this best growth stock fund had a total of 125 holdings. The top sector diversifications are Information Technology (37.7%), Consumer Discretionary (21.8%) and Industrial & Business Services (14.3%).

According to the fund’s prospectus, the principal investment risks include active management risk, risks of stock investing, investment style risk, foreign investing risk, etc.

Goods:

• Good long term performance record
• No sales load and low expense ratio fee

Bads:

• none

Disclosure: No Position

Other domestic stock fund:

• Harbor Capital Appreciation Investor (HCAIX)