Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The investment objective of the Fund is long-term capital growth through investments in stocks.
Strategy. The Fund seeks to achieve its objective by investing generally in common stocks of large-capitalization companies. T. Rowe Price Associates, Inc. (Sub-Adviser) generally seeks investments in stocks of large-capitalization companies, which the Sub-Adviser defines as a company whose market capitalization is larger than the median market capitalization of companies in the Russell 1000 Growth Index, and that has one or more of the following characteristics: strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and the ability to expand even during times of slow economic growth. While the Fund invests typically in U.S. common stocks, other securities may also be purchased, … The Fund seeks to achieve its objective by investing generally in common stocks of large-capitalization companies. T. Rowe Price Associates, Inc. (Sub-Adviser) generally seeks investments in stocks of large-capitalization companies, which the Sub-Adviser defines as a company whose market capitalization is larger than the median market capitalization of companies in the Russell 1000 Growth Index, and that has one or more of the following characteristics: strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and the ability to expand even during times of slow economic growth. While the Fund invests typically in U.S. common stocks, other securities may also be purchased, including foreign stocks, futures and options, in keeping with Fund objectives. The Fund may at times invest significantly in certain sectors, such as information technology. The Fund may invest up to 30% of its total assets (excluding reserves) in foreign securities, including securities and instruments that are economically tied to emerging markets. The Funds investments may include holdings in companies that only recently began to trade publicly. The Fund is a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), and may invest more of its assets in fewer issuers than diversified mutual funds.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $1.15B | 14.35% |
| APPLE INC | — | $916.94M | 11.48% |
| MICROSOFT CORP | — | $749.89M | 9.39% |
| ALPHABET INC CL A | — | $580.06M | 7.26% |
| BROADCOM INC | — | $427.42M | 5.35% |
| AMAZON.COM INC | — | $416.75M | 5.22% |
| META PLATFORMS INC CL A | — | $320.68M | 4.01% |
| LILLY ELI and CO | — | $242.95M | 3.04% |
| TESLA INC | — | $225.91M | 2.83% |
| VISA INC-CLASS A | — | $189.43M | 2.37% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Penn Series Large Growth Stock Fund | 99% | 0.93% |
| T.Rowe Price Large Cap Growth Portfolio | 97% | 0.56% |
| T. Rowe Price Growth Stock ETF · TGRW | 96% | 0.52% |
Advisers
| Firm | Role |
|---|---|
| T. Rowe Price Associates, Inc. | Sub-adviser |
| Jackson National Asset Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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