Dec. 31, 2024 |
| T. Rowe Price Growth Stock Fund, Inc.
|
| Growth Stock Fund
|
|
Investment Objective(s)
|
The fund seeks long-term
capital growth through investments in stocks.
|
| Fees and Expenses
|
This table describes the
fees and expenses that you may pay if you buy, hold, and sell shares of the fund. You may also incur
brokerage commissions and other charges when buying or selling shares of the fund, which are not reflected
in the table or example below.
|
| Shareholder
fees (fees paid directly from your investment)
|
Shareholder Fees - T. Rowe Price Growth Stock Fund, Inc. - USD ($)
|
Investor Class |
I Class |
Advisor Class |
R Class |
Z Class |
| Maximum account fee |
$ 20
|
[1] |
none
|
none
|
none
|
none
|
|
| Annual
fund operating expenses (expenses that you pay each
year as a percentage of the value of your investment)
|
|
|
| Example
|
| This example is intended to help you compare the cost of investing in the fund with the cost of investing
in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated
and then redeem all of your shares at the end of those periods, that your investment has a 5% return
each year, and that the fund’s operating expenses remain the same. The example also assumes that any
current expense limitation arrangement remains in place for the period noted in the previous table; therefore,
the figures have been adjusted to reflect fee waivers or expense reimbursements only in the periods for
which the expense limitation arrangement is expected to continue. Although your actual costs may be higher
or lower, based on these assumptions your costs would be:
|
Expense Example - T. Rowe Price Growth Stock Fund, Inc. - USD ($)
|
Investor Class |
I Class |
Advisor Class |
R Class |
Z Class |
| 1 Year |
$ 66
|
$ 53
|
$ 93
|
$ 118
|
none
|
| 3 Years |
208
|
167
|
290
|
368
|
none
|
| 5 Years |
362
|
291
|
504
|
638
|
none
|
| 10 Years |
$ 810
|
$ 653
|
$ 1,120
|
$ 1,409
|
none
|
|
| Portfolio Turnover
|
Portfolio Turnover The fund pays transaction
costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A
higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when
the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund
operating expenses or in the example, affect the fund’s performance. During the most recent fiscal
year, the fund’s portfolio turnover rate was 38.2% of the average value of its portfolio.
|
| Principal Investment Strategies
|
The fund normally invests
at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of companies with
growth characteristics. For purposes of the fund’s 80% investment policy, the fund considers a company
to have growth characteristics if the company’s securities are represented in an appropriate third-party
growth-oriented index. Any derivatives that provide exposure to the investment focus suggested by the
fund’s name, or to one or more market risk factors associated with the investment focus suggested by
the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.
While
the fund may invest in companies of any market capitalization, the fund generally seeks investments in
stocks of large-cap companies with 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. The fund’s growth-oriented investment approach to stock selection reflects the belief
that when a company increases its earnings faster than both inflation and the overall growth rate of
the economy, it may result in a higher stock price. At times, the fund may have a significant
portion of its assets invested in the same economic sector, such as the information technology sector.
The
fund’s investments may include holdings in privately held companies and companies that only recently
began to trade publicly. The fund is nondiversified, which means it may invest a greater percentage of
its assets in a particular issuer than is permissible for a diversified fund.
|
| Principal
Risks
|
Risk Table - T. Rowe Price Growth Stock Fund, Inc.
|
Risk [Text Block] |
| Risk Lose Money [Member] |
The fund’s share
price fluctuates, which means you could lose money by investing in the fund.
|
| Stock investing |
Stock
investing: Stocks generally fluctuate in value more than bonds and may decline significantly
over short time periods. There is a chance that stock prices overall will decline because stock markets
tend to move in cycles, with periods of rising and falling prices. The value of stocks held by the fund
may decline due to general weakness or volatility in the stock markets in which the fund invests or because
of factors that affect a particular company or industry.
|
| Growth investing |
Growth investing: The fund’s growth
approach to investing could cause it to underperform other stock funds that employ a different investment
style. Growth stocks tend to be more volatile than certain other types of stocks and their prices may
fluctuate more dramatically than the overall stock market. A stock with growth characteristics can have
sharp price declines due to decreases in current or expected earnings and may lack dividends that can
help cushion its share price in a declining market.
|
| Market conditions |
Market conditions: The value of the fund’s
investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting an issuer held
by the fund, particular industries, or the overall securities markets. A variety of factors can increase
the volatility of the fund’s holdings and markets generally, including economic, political, or regulatory
developments, recessions, inflation, rapid interest rate changes, war, military conflict, acts of terrorism,
natural disasters, and outbreaks of infectious illnesses or other widespread public health issues (such
as the coronavirus pandemic) and related governmental and public responses (including sanctions). Certain
events may cause instability across global markets, including reduced liquidity and disruptions in trading
markets, while some events may affect certain geographic regions, countries, sectors, and industries
more significantly than others. Government intervention in markets may impact interest rates, market
volatility, and security pricing. These adverse developments may cause broad declines in market value
due to short-term market movements or for significantly longer periods during more prolonged market downturns.
|
| Large-cap stocks |
Large-cap
stocks: Securities issued by large-cap companies tend to be less volatile than securities
issued by small- and mid-cap companies. However, large-cap companies may not be able to attain the high
growth rates of successful small- and mid-cap companies, especially during strong economic periods, and
may be unable to respond as quickly to competitive challenges.
|
| Sector exposure |
Sector exposure:
Issuers in the same economic sector may be similarly affected by economic or market events, making the
fund more vulnerable to unfavorable developments in that economic sector than funds that invest more
broadly.
|
| Information technology sector |
Information technology sector: Information technology companies face
intense competition, both domestically and internationally, which may have an adverse effect on their
profit margins. Like
other technology companies, information technology companies may have limited product lines, markets,
financial resources, or personnel.
|
| Private placements and IPOs |
Private placements and IPOs: Investments in the
stocks of privately held companies and in companies that only recently began to publicly trade, such
as initial public offerings or IPOs, involve greater risks than investments in stocks of companies that
have traded publicly on an exchange for extended time periods. There is significantly less information
available about these companies’ business models, quality of management, earnings growth potential,
and other criteria that are normally considered when evaluating the investment prospects of a company.
Private placements and other restricted securities held by the fund are typically considered to be illiquid
and tend to be difficult to value since there are no market prices and less overall financial information
available. The adviser evaluates a variety of factors when assigning a value to these holdings, but the
determination involves some degree of subjectivity and the value assigned for the fund may differ from
the value assigned by other mutual funds holding the same security.
|
| Liquidity |
Liquidity: A
particular investment or an entire market segment may become less liquid or even illiquid, sometimes
abruptly, which could limit the fund’s ability to purchase or sell holdings in a timely manner at a
desired price. An inability to sell a portfolio holding can adversely affect the fund’s overall value
or prevent the fund from being able to take advantage of other investment opportunities. Liquidity risk
may be magnified during periods of substantial market volatility and unexpected episodes of illiquidity
may limit the fund’s ability to pay redemption proceeds without selling holdings at an unfavorable
time or at a suitable price. Large redemptions may also have a negative impact on the fund’s overall
liquidity.
|
| Risk Nondiversified Status [Member] |
Nondiversification: As a nondiversified fund, the fund has the ability to invest
a larger percentage of its assets in the securities of a smaller number of issuers than a diversified
fund. As a result, poor performance by a single issuer could adversely affect fund performance more than
if the fund were invested in a larger number of issuers. The fund’s share price can be expected to
fluctuate more than that of a similar fund that is more broadly diversified.
|
| Active management |
Active management:
The fund’s overall investment program and holdings selected by the fund’s investment adviser may
underperform the broad markets, relevant indices, or other funds with similar objectives and investment
strategies.
|
| Cybersecurity breaches |
Cybersecurity breaches: The fund could be harmed by intentional
cyberattacks and other cybersecurity breaches, including unauthorized access to the fund’s assets,
confidential information, or other proprietary information. In addition, a cybersecurity breach could
cause one of the fund’s service providers or financial intermediaries to suffer unauthorized data access,
data corruption, or loss of operational functionality.
|
|
| Performance
|
The following performance
information provides some indication of the risks of investing in the fund. The fund’s performance
information represents only past performance (before and after taxes) and is not necessarily an indication
of future results. The
following bar chart illustrates how much returns can differ from year to year by showing calendar year
returns and the best and worst calendar quarter returns during those years for the fund’s
Investor Class. Returns for other share classes vary since they have different expenses.
|
| Calendar Year Returns
|
|
| | | | | | | | | | | | | Quarter Ended | Total Return | | | Quarter Ended | Total Return | | | | Best
Quarter | 6/30/20 | 27.73% | | Worst Quarter | 6/30/22 | -25.43% | |
|
| Average
Annual Total Returns Periods
ended December 31, 2024
|
The following table shows
the average annual total returns for each class of the fund that has been in operation for at least one
full calendar year. The fund’s performance information included in the table is compared with a regulatory
required index that represents an overall securities market (Regulatory Benchmark). In addition, the
table may also include one or more indexes that more closely aligns to the fund’s investment strategy
(Strategy Benchmark(s)). In addition, the table shows hypothetical after-tax returns to demonstrate how
taxes paid by a shareholder may influence returns. After-tax returns are calculated using the historical
highest individual federal marginal income tax rates and do not reflect the impact of state and local
taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown.
After-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred
arrangements, such as a 401(k) account or an IRA. After-tax returns are shown only for the Investor Class
and will differ for other share classes.
|
|
|
| Updated performance information
is available through troweprice.com.
|