TPLGX Fees and Costs — T. Rowe Price Institutional Large-Cap Core Growth Fund
Data updated: 2026-08-27
The net expense ratio is 0.56%: a 0.55% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $68K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 17%.
TPLGX Fees and Expenses
Annual operating expenses and sales charges of TPLGX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.56% |
| Fee waiver | — |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TPLGX Costs Over Time
On $10,000 invested in TPLGX, assuming 5% a year before costs, total costs come to $355 over 5 years, cutting the return by 0.59% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $355 |
| Value after costs | $10,441 | $11,382 | $12,408 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
TPLGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0023%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): $89.7M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $0
- Net income from securities lending: —
TPLGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $12K | 21.12% |
| MORGAN STANLEY & CO. LLC | $10K | 17.68% |
| BOFA SECURITIES, INC. | $7K | 12.12% |
| BARCLAYS CAPITAL INC. | $6K | 10.20% |
| Citigroup Inc. | $5K | 9.02% |
| GOLDMAN SACHS & CO. LLC | $5K | 8.74% |
| RBC Capital Markets, LLC | $4K | 7.38% |
| STIFEL NICOLAUS EUROPE LIMITED | $4K | 6.19% |
| BMO Capital Markets Corp. | $2K | 3.79% |
| EVERCORE GROUP L.L.C. | $2K | 3.75% |
TPLGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $65.1M | 72.91% |
| GOLDMAN SACHS & CO. LLC | $23.5M | 26.32% |
| J.P. MORGAN SECURITIES LLC | $182K | 0.20% |
| BOFA SECURITIES, INC. | $182K | 0.20% |
| Citigroup Inc. | $56K | 0.06% |
| UBS AG | $56K | 0.06% |
| JEFFERIES LLC | $56K | 0.06% |
| BARCLAYS CAPITAL INC. | $56K | 0.06% |
| Deutsche Bank Securities Inc. | $56K | 0.06% |
| EVERCORE GROUP L.L.C. | $38K | 0.04% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.