# T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pmegx 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: 1996-07-30 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. ## Key Facts | Metric | Value | |---|---| | Price | $54.98 | | Expense Ratio | 0.61% | | Assets Under Management | $6.78B | | NAV | $54.98 | | Holdings Count | — | | Distribution Yield (TTM) | 19.88% | | Annual Distribution (TTM) | $10.93 /share | | Distribution Frequency | Annual | | 52-Week Range | $48.39 – $63.86 | | Beta | 0.98 | ## Latest Distribution - Amount: $10.9327 /share - Ex-date: 2025-12-17 - Pay date: 2025-12-18 ## Frequently Asked Questions ### 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 $6.78B 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. ### Does PMEGX pay a dividend? T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX) currently distributes little or no income. Trailing-twelve-month yield is 19.88%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PMEGX pay dividends? T. Rowe Price Institutional Mid-Cap Equity Growth Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PMEGX's dividend yield? PMEGX's trailing-twelve-month yield is 19.88%, calculated from the sum of dividends over the past year divided by the current price. ### When is PMEGX's next ex-dividend date? The most recently announced ex-dividend date for PMEGX was 2025-12-17. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PMEGX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.61% 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 PMEGX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PMEGX'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 PMEGX cost more than a fund like VOO? PMEGX is actively managed (current expense ratio 0.61%). 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 PMEGX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PMEGX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PMEGX (0.61%) 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/pmegx - Distribution history: https://www.dividenddata.com/funds/pmegx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pmegx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pmegx/expenses - Peer comparison: https://www.dividenddata.com/funds/pmegx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.