T. Rowe Price Blue Chip Growth Trust Share Class Change
The T. Rowe Price Blue Chip Growth Trust will switch to a lower fee share class effective November 16, 2020.
T. Rowe Price Blue Chip Growth Trust Class T6 shares, with a cost of 0.35%, will be exchanged to the Class T7 shares, with a cost of 0.33%.
This reduction in fees is the result of Plan assets in this investment option increasing. Because we are a very large plan, we are often eligible for reduced fees based on assets under management in the various funds offered in the Plan. Once certain thresholds are met, we can offer participants a lower fee share class of the same investment option.
Participants will see an exchange with a new share number and “net asset value” equal to the value in the old share class. There are no costs associated with the exchange, and the fund management and portfolio construction will also remain unchanged.