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Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

The listed funds are not an exhaustive list of funds available. Visit www.funds.troweprice.com to see the full range of funds offered by T. Rowe Price, including those that consider environmental and social characteristics as part of their investment process.  For up to date information regarding any T. Rowe Price fund's investment strategy, please see the relevant fund KID and prospectus. 

SICAV
US Blue Chip Equity Fund
An actively managed, broadly diversified portfolio of typically 75-125 stocks of large and medium sized US "blue chip" companies. We seek to identify "all-season" growth stocks that offer the potential to deliver sustainable returns through differing market cycles. The fund is categorised as Article 8 under Sustainable Finance Disclosure Regulation (SFDR).
ISIN LU1770377700
Bloomberg TRPUANE LX
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FACTSHEET
KID
SFDR DISCLOSURE
No data available
30-Apr-2025 - Paul Greene Portfolio Manager,
We are maintaining tempered expectations for equity markets in 2025. Indecisive and unpredictable government policy and elevated geopolitical tensions drove a volatile downturn in US equity markets in the first quarter. Consumer sentiment has worsened amid the increased volatility, leading to further uncertainty around the global economy, which is largely driven by consumer spending.

Overview
Strategy
Fund Summary
Through fundamental analysis, we search for companies that can deliver strong growth in earnings and free cash flow on a durable basis. We want to invest in high-quality companies with leading market positions in fertile growth fields. We are attentive to valuations and aim to avoid overpaying for growth, while broadly diversifying the portfolio. The promotion of environmental and/or social characteristics is achieved through the fund's commitment to maintain at least 10% of the value of its portfolio invested in Sustainable Investments, as defined by the SFDR. Additionally, we apply a proprietary responsible screen (exclusion list). The manager is not constrained by the fund’s benchmark, which is used for performance comparison purposes only.
No data available
Performance (Class An (EUR))

Current Year Performance

Annualised Performance

30-Apr-2025 - Paul Greene Portfolio Manager,
Most major US stock indices declined in a highly volatile month of trading, but they finished April well above their lowest levels. Equities plunged for several days in response to President Donald Trump’s reciprocal tariffs, which were rolled out on April 2 and were more severe than investors generally expected them to be. Deep losses were partially reversed by a blistering rally on April 9, when President Trump declared a 90-day pause on this latest batch of tariffs for many countries—excluding China—allowing time for countries that did not retaliate to negotiate trade deals with the US. Within the portfolio, stock choices and an overweight allocation in the information technology sector contributed, led by our holding in a workflow management software provider that outperformed following its beat-and-raise earnings release late in the month. Stock picks in the consumer discretionary sector also added value. Here, our position in a used auto retailer assisted as its shares benefited from a broad market rally in the second half of the month, as well as several positive sell-side reports ahead of its upcoming earnings release. Alternatively, an underweight allocation and negative stock selection in the consumer staples sector, which outperformed the broader market with modest gains, detracted.
31-Jan-2024 - Paul Greene Portfolio Manager,
From a positioning standpoint, we continue to refrain from taking a pronounced stance on macroeconomic implications, and instead, we are aiming for a balanced approach of ideas that can thrive if the skies continue to clear, as well as defensive positions that can provide downside support. Similarly, predicting election outcomes and subsequent market impacts is not an area of focus at this stage; however, as political agendas come into focus and the balance of political power crystalises, actionable idiosyncratic investment opportunities may present themselves.

Team

No data available

Fees

No data available

Past performance is not a reliable indicator of future performance.

The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents and/or key information document (KID) in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the articles of incorporation and the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors. They can also be found along with a summary of investor rights in English at www.troweprice.com. The Management Company reserves the right to terminate marketing arrangements.

Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class.  The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.

Before deciding to invest in the fund, you should read the offering document/prospectus (including its investment objectives, policies and any risk warnings) which are available and may be obtained from any appointed distributors.

The specific securities identified and described in this website do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.

A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.  

Benchmark: Investors may use the benchmark to compare the fund’s performance. The benchmark has been selected because it is similar to the investment universe used by the investment manager and therefore acts as an appropriate comparator. The investment manager is not constrained by any country, sector and/or individual security weightings relative to the benchmark and has complete freedom to invest in securities that do not form part of the benchmark.

Disclosure on Vendor Indices can be found here.