T. Rowe Price Growth Stock Fund
Figures last verified October 31, 2026
Active large-cap growth investing in companies with durable earnings growth; one of the oldest growth funds in America.
Founded in 1950 by Thomas Rowe Price himself — the man who more or less invented growth-stock investing as a discipline — PRGFX is a piece of living market history. Seventy-five years of compounding through every regime is no small thing, and the fund remains a competently run, diversified large-growth portfolio.
History, though, doesn't discount the fee. At 0.65% against index alternatives at a twentieth of that, PRGFX needs persistent stock-picking edge in the most efficient, most-analyzed corner of the global market, and its recent decade against the Russell 1000 Growth doesn't demonstrate one. Legacy holders with embedded gains have tax math on their side; new money has FSPGX and VIGAX. Mr. Price, who preached adapting to change, might well agree.
Mostly legacy holders; new growth money has cheaper options.
PRGFX alternatives & comparable funds
If you’re weighing PRGFX against the field, these are the funds most investors line it up against — same job, different provider, slightly different terms.
| Fund | Family | Expense Ratio | Minimum |
|---|---|---|---|
| PRGFX — T. Rowe Price Growth Stock Fund | T. Rowe Price | 0.66% | $2,500 |
| FSPGX — Fidelity Large Cap Growth Index Fund | Fidelity | 0.035% | $0 |
| VIGAX — Vanguard Growth Index Fund… | Vanguard | 0.05% | $3,000 |
| TRBCX — T. Rowe Price Blue Chip Growth Fund | T. Rowe Price | 0.70% | $2,500 |
Frequently asked questions
What is the expense ratio of PRGFX?
PRGFX (T. Rowe Price Growth Stock Fund) has an expense ratio of 0.66%, which works out to roughly $66 per year for every $10,000 invested. That is high relative to index alternatives, and it compounds against you every year, so the fund needs to outperform just to break even versus a cheaper option.
What is the minimum investment for PRGFX?
PRGFX requires a minimum initial investment of $2,500.
What does PRGFX invest in?
Active large-cap growth investing in companies with durable earnings growth; one of the oldest growth funds in America. It falls in the large growth category and is an actively managed fund.
What are good alternatives to PRGFX?
The funds most often compared with PRGFX are FSPGX, VIGAX, TRBCX — broadly similar exposure from different providers, with small differences in fee, minimum, and portability that usually come down to which brokerage holds your account.
Expense ratio and minimum for PRGFX drawn from T. Rowe Price fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.