# Empower T. Rowe Price Mid Cap Growth Fund Institutional Class (MXYKX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mxykx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2015-04-30 The fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of mid-capitalization (“mid cap”) companies. For purposes of the 80% policy, the manager considers mid cap companies to be those whose market capitalization falls within the range of the Russell MidCap ® Growth Index at the time of initial purchase. ## Key Facts | Metric | Value | |---|---| | Price | $4.93 | | Expense Ratio | 0.66% | | Assets Under Management | $549.1M | | NAV | $4.93 | | Holdings Count | — | | Distribution Yield (TTM) | 12.23% | | Annual Distribution (TTM) | $0.60 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $4.52 – $5.42 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.1230 /share - Ex-date: 2026-09-04 - Pay date: 2026-09-08 ## Frequently Asked Questions ### What does MXYKX invest in? The fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of mid-capitalization (“mid cap”) companies. For purposes of the 80% policy, the manager considers mid cap companies to be those whose market capitalization falls within the range of the Russell MidCap ® Growth Index at the time of initial purchase. ### What is the expense ratio of MXYKX? Empower T. Rowe Price Mid Cap Growth Fund Institutional Class (MXYKX) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MXYKX? Empower T. Rowe Price Mid Cap Growth Fund Institutional Class (MXYKX) manages $549.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MXYKX actively managed or an index fund? MXYKX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MXYKX's is 0.66%) in exchange for the discretion to over- or under-weight positions. ### When was MXYKX launched? Empower T. Rowe Price Mid Cap Growth Fund Institutional Class (MXYKX) launched in April 2015 and is managed by T. Rowe Price. ### How has MXYKX performed? MXYKX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MXYKX pay a dividend? Empower T. Rowe Price Mid Cap Growth Fund Institutional Class (MXYKX) currently distributes little or no income. Trailing-twelve-month yield is 12.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MXYKX pay dividends? Empower T. Rowe Price Mid Cap Growth Fund Institutional Class pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MXYKX's dividend yield? MXYKX's trailing-twelve-month yield is 12.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is MXYKX's next ex-dividend date? The most recently announced ex-dividend date for MXYKX was 2026-09-04. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MXYKX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.66% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MXYKX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MXYKX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MXYKX cost more than a fund like VOO? MXYKX is actively managed (current expense ratio 0.66%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MXYKX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MXYKX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MXYKX (0.66%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mxykx - Distribution history: https://www.dividenddata.com/funds/mxykx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mxykx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mxykx/expenses - Peer comparison: https://www.dividenddata.com/funds/mxykx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.