TRLGX Mutual Fund — T. Rowe Price Institutional Large-Cap Growth Fund

T. Rowe Price Institutional Large-Cap Growth Fund (TRLGX)

Updated October 16, 2026.

TRLGX is a Mutual Fund. its distribution rate is 4.61%, its trailing-12-month yield is 13.29%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 87/100 (Safe). Total return is 2169.4% over the past 24.8 years, 1225.1 points ahead of SPY at 944.3%.

T. Rowe Price Institutional Large-Cap Growth Fund is an actively managed mutual fund that invests at least 80% of its assets in securities of large-cap companies exhibiting growth characteristics, as identified through growth-oriented indices. The fund carries a modest distribution rate with annual payout frequency; note that the latest distribution was special and may not recur regularly. With an expense ratio of 0.55%, it appeals primarily to growth-oriented investors seeking large-cap equity exposure through professional active management.

TRLGX performance versus SPY

Price and return data through 2026-10-16.

Total return is 2169.4% over the past 24.8 years, 1225.1 points ahead of SPY at 944.3%. Over the past year its total return — price change plus distributions reinvested — is -6.8%. Its deepest 1-year drawdown was 27.6%.

TRLGX key facts

Distribution Safety Score™

87 · Safe

Safety-Adjusted Yield

4.01%

Issuer

T. Rowe Price

Asset type

Mutual Fund

Asset class

Equity

Inception date

10/31/2001

Expense ratio

0.55%

Distribution rate

4.61%

Distribution frequency

Annual

Trailing yield

13.29%

Last close

$87.50 (as of 2026-10-16)

NAV

$87.79 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$18,635,730,944

Average volume

0.0

Dividend

$11.633

Ex-dividend date

12/15/2025

Payment date

12/16/2025

Beta

1.15

How Dividend Vision calculates yield and returns

Distribution rate (4.61%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (13.29%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: T. Rowe Price; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TRLGX risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 27.6%.

Who may consider TRLGX — and who may not

TRLGX may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (TRLGX pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on TRLGX

• All tickers starting with T

Tagged: Mutual Fund, Active, Large Cap, Growth.

Frequently asked questions

More securities from T. Rowe Price.