TRSAX Fees and Costs — T. Rowe Price Growth Stock Fund, Inc., Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.92%: a 0.51% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.6M in broker commissions, 0.0072% of average net assets, and portfolio turnover was 35%.
TRSAX Fees and Expenses
Annual operating expenses and sales charges of TRSAX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TRSAX Costs Over Time
On $10,000 invested in TRSAX, assuming 5% a year before costs, total costs come to $581 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $581 |
| Value after costs | $10,403 | $11,257 | $12,182 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
TRSAX 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): 0.0072%
- Total broker commissions: $3.6M
- Bought from dealers (principal trades, not a cost): $235.0M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $39.4M
- Net income from securities lending: $54K (0.000% of average net assets)
TRSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $675K | 22.62% |
| JEFFERIES LLC | $393K | 13.17% |
| J.P. MORGAN SECURITIES LLC | $380K | 12.74% |
| RBC Capital Markets, LLC | $323K | 10.83% |
| BOFA SECURITIES, INC. | $294K | 9.86% |
| GOLDMAN SACHS & CO. LLC | $215K | 7.21% |
| Citigroup Inc. | $212K | 7.09% |
| BMO Capital Markets Corp. | $202K | 6.77% |
| UBS AG | $146K | 4.91% |
| Virtu ITG Hong Kong Limited | $143K | 4.80% |
TRSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $109.3M | 49.77% |
| TD Securities Ltd. | $47.6M | 21.68% |
| GOLDMAN SACHS & CO. LLC | $23.7M | 10.79% |
| BARCLAYS CAPITAL INC. | $17.7M | 8.06% |
| MORGAN STANLEY & CO. LLC | $9.6M | 4.37% |
| BOFA SECURITIES, INC. | $7.5M | 3.42% |
| Allen & Company LLC | $1.3M | 0.58% |
| BLACKSTONE CAPITAL PARTNERS VIII L.P. | $968K | 0.44% |
| Citigroup Inc. | $968K | 0.44% |
| Deutsche Bank Securities Inc. | $968K | 0.44% |
T. Rowe Price Growth Stock Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRJZX | Z Class | 0.00% | — |
| PRUFX | I Class | 0.52% | — |
| PRGFX | T. Rowe Price Growth Stock Fund, Inc. | 0.66% | — |
| TRSAX | Advisor Class | 0.92% | — |
| RRGSX | R Class | 1.17% | — |
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.