Investors may qualify for a waiver of the account service fee in any of the following three ways: Or qualify for T. Rowe Price Select Client Services based on higher asset levels of $250,000 or more. ^ The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. We believe in active fund management and pursue a disciplined process to evaluate the stocks and bonds we invest in. The expense ratios for the T. Rowe Price ActivePlus Portfolios are calculated as-of the latest quarter end by multiplying the target weight of each fund in the portfolio by the expense ratio as of the most recent fiscal year-end for that fund. An expense ratio is a calculation of the annualized operating costs of a mutual fund divided by the average dollar value of the fund's average net assets and expressed as a percentage. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. Rowe Price Growth Stock Strategy A Manager of Managers Retail Branded Sub-Advised Separate Account Third Quarter 2020 Fund Fact Sheet Key Facts Investment Advisor T. Rowe Price Associates, Inc. Asset Class Large Cap - Growth Primary Index Russell 1000 Growth Index Net Assets $1,610.8 Million Inception Date 06/28/2005 Net Expense Ratio 0.89% The Automatic Asset Builder requires a minimum investment of $100 per transaction for all accounts, after the minimum to open an account is satisfied.*. Why does T. Rowe Price charge an account service fee? T. Rowe Price taxable accounts and non-T. Rowe Price accounts If you include or change any of these variables in the FuturePath® tool, you must return to that tool to make additional changes. The fee also does not apply to Brokerage sweep accounts. We try to keep our expenses low, so your investment can go even further. We are committed to helping clients achieve their long-term investment goals. The fee, which is automatically deducted from an account by redeeming fund shares, is typically charged to accounts in early September each calendar year. Accounts with low balances result in a disproportionate amount of service in relation to the amount of the investment, and this fee helps apportion some of the operating cost more equitably within a fund. The minimum initial investment for a Brokerage Advantage* account is $10,000, and there is a $40 cash management fee for accounts with activated debit card or checkwriting services. The determination of whether a fund account is subject to the account service fee is based on account balances and services selected for accounts as of the last business day of August. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. As of September 2019, the T. Rowe Price Blue Chip Growth Fund (TRBCX) had an average return of 16.50% over the last ten years with an expense ratio of 0.7%. The total expense ratios for the T. Rowe Price ActivePlus Portfolios program range from 0.56% to 0.80%.*. As of December 2018, it has some contractual fee waivers in place. Is there a minimum initial investment or fee to open a T. Rowe Price Brokerage account? Investors qualify for a waiver of the account service fee in any of the following three ways: No, if you are enrolled in all e-delivery options, including account statements, account confirmations of activity, and prospectuses and shareholder reports, you do not need to do anything else and you will not be charged the fee. The total expense ratios for the T. Rowe Price ActivePlus Portfolios program range from 0.56% to 0.80%. With 80+ years of experience as an active investment manager, T. Rowe Price relies on a disciplined approach rooted in proprietary fundamental research. 1These account minimums apply to the Summit Municipal Income, Summit Municipal Intermediate, and Summit Municipal Money Market Funds. Bolanos prefers actively managed bond funds because a strong manager can add value. How and when will the account service fee be deducted from my account? Ben Griffiths is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd and an investment analyst in the Equity Research Team of T. Rowe Price International Ltd, covering European small-cap stocks. T. Rowe Price charges an annual account service fee to help offset the relatively higher costs associated with servicing lower balance accounts. Ira may be subject to an account with a balance below $ 10,000 minimum due to market,. Your e-delivery programs, will I be charged to open a T. Rowe Price investment Services, Inc. East! 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