T. Rowe Price Institutional Mid-Cap Equity Growth Fund

Frequently Asked Questions About PMEGX

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 $6.74B 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.