- What does PMEGX invest in?
- This fund typically allocates at least 80% of its assets, including any capital borrowed for investment, to a varied portfolio of common shares. These shares belong to mid-sized companies that T. Rowe Price forecasts will achieve earnings growth exceeding that of the average firm. The advisor defines these "mid-cap" entities by their market capitalization, which is determined by multiplying outstanding shares by their price. This market value must fall within the boundaries set by either the S&P MidCap 400® Index or the Russell Midcap® Growth Index.
- What is the expense ratio of PMEGX?
- T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is PMEGX?
- T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX) manages $6.57B 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 PMEGX actively managed or an index fund?
- PMEGX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PMEGX's is 0.61%) in exchange for the discretion to over- or under-weight positions.
- When was PMEGX launched?
- T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX) launched in July 1996 and is managed by T. Rowe Price.
- How has PMEGX performed?
- PMEGX'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.
