Actively managed equity funds like T. Rowe Price Blue Chip Growth (TRBCX), Equity Income (PRFDX), and Mid-Cap Growth (RPMGX) have long been considered the jewels in the crown at the Baltimore-based mutual fund giant.
Its equity index funds? Not so much. Savvy investors know that index funds are a commodity, so low costs separate the good ones from the also-rans. While T. Rowe Price's index funds aren't in the category of egregiously expensive, investors can readily find much cheaper options at Vanguard, Fidelity, and iShares, among others.
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Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.