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PMEGX T. Rowe Price Instl Mid-Cap Equity Gr

  • Fund
  • PMEGX
  • Price as of: Nov 17, 2017
  • $56.76
  • + $0.13
  • + 0.23%
  • Category
  • Mid Cap Growth Equities

PMEGX - Profile

Vitals

  • YTD Return 23.6%
  • 3 Yr Annualized Return 13.6%
  • 5 Yr Annualized Return 18.2%
  • Net Assets $6.97 B
  • Holdings in Top 10 19.3%

52 WEEK LOW AND HIGH

$56.76
$45.94
$56.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2003-12-08

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return 23.6%
  • 3 Yr Annualized Total Return 13.6%
  • 5 Yr Annualized Total Return 18.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.15%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Institutional Mid Cap Equity Growth Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Jul 31, 1996
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Brian W.H. Berghuis

Fund Description

The T. Rowe Price Institutional Mid-Cap Equity Growth Fund (PMEGX) is an actively managed fund that aims to aggressively grow capital over the long term. The fund prowls U.S. mid-cap stocks and uses fundamental analysis to undercover shares with the propensity to grow earnings at a faster rate than the broader market. There is no restriction on industry or sector. PMEGX focuses on firms in either the S&P Midcap 400 Index or the Russell Midcap Growth Index.

When paired with a mid-cap value fund, FRIAX can be used as a core option. The fund is internally managed by T. Rowe Price.

PMEGX - Performance

Return Ranking - Trailing

Period PMEGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 23.6% -98.2% 37.0% 23.95% 2
1 Yr 28.9% -20.6% 41.8% 12.41% 1
3 Yr 13.6% * -5.9% 28.7% 2.37% 1
5 Yr 18.2% * 2.5% 21.9% 1.17% 1
10 Yr 10.4% * -0.6% 12.9% 2.03% 1

* Annualized


Return Ranking - Calendar

Period PMEGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.9% -70.5% 27.9% 23.14% 2
2015 0.7% -82.5% 12.2% 8.70% 1
2014 6.0% -40.7% 31.3% 14.05% 1
2013 32.9% -27.0% 200.0% 22.50% 2
2012 13.8% -17.1% 26.4% 29.30% 2

Total Return Ranking - Trailing

Period PMEGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 23.6% -59.7% 37.0% 24.09% 2
1 Yr 28.9% -35.2% 876.4% 11.11% 1
3 Yr 13.6% * -3.8% 23.6% 2.38% 1
5 Yr 18.2% * 2.0% 21.9% 1.17% 1
10 Yr 10.4% * -0.6% 12.9% 2.03% 1

* Annualized


Total Return Ranking - Calendar

Period PMEGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.9% -98.2% 27.9% 27.30% 2
2015 7.3% -43.1% 19.2% 2.42% 1
2014 15.8% -23.5% 141.0% 6.87% 1
2013 49.5% -22.5% 561.9% 49.54% 3
2012 20.1% -11.3% 4114.7% 62.13% 4

NAV & Total Return History

PMEGX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

PMEGX Category Low Category High PMEGX % Rank Quintile
Net Assets 6.97 B 281 K 29.2 B 2.38% 1
Number of Holdings 134 3 2274 5.20% 1
Net Assets in Top 10 1.3 B 84.9 K 6.55 B 3.42% 1
Weighting of Top 10 19.3% 6.4% 147.1% 31.05% 4

Top 10 Holdings

  1. Fiserv Inc 1.84%
  2. Textron Inc 2.29%
  3. Willis Towers Watson PLC 1.65%
  4. Teleflex Inc 2.38%
  5. Fidelity National Financial Inc 1.87%
  6. Microchip Technology Inc 1.93%
  7. IDEX Corp 1.70%
  8. Roper Technologies Inc 1.74%
  9. Reserve Invt Fds 2.25%
  10. Norwegian Cruise Line Holdings Ltd 1.64%

Asset Allocation

Weighting Category Low Category High PMEGX % Rank Quintile
Stocks
97.75% 15.06% 120.71% 14.71% 3
Other
2.25% -10.78% 79.22% 4.46% 1
Preferred Stocks
0.00% 0.00% 6.71% 3.71% 2
Convertible Bonds
0.00% 0.00% 1.55% 1.19% 2
Cash
0.00% -20.94% 41.72% 30.46% 5
Bonds
0.00% 0.00% 47.85% 2.82% 2

Stock Sector Breakdown

Weighting Category Low Category High PMEGX % Rank Quintile
Industrials
23.64% 0.00% 37.22% 5.50% 1
Technology
21.55% 2.80% 47.42% 17.68% 3
Healthcare
18.54% 0.00% 33.41% 6.84% 1
Consumer Cyclical
13.43% 0.00% 55.62% 27.34% 4
Financial Services
10.00% 0.00% 41.59% 16.34% 2
Consumer Defense
4.29% -0.01% 22.39% 19.91% 3
Basic Materials
3.36% 0.00% 11.69% 18.42% 3
Energy
2.12% 0.00% 14.20% 16.94% 3
Real Estate
0.61% 0.00% 32.36% 29.12% 4
Communication Services
0.21% 0.00% 19.82% 20.95% 4
Utilities
0.00% -0.03% 10.12% 9.66% 3

Stock Geographic Breakdown

Weighting Category Low Category High PMEGX % Rank Quintile
US
95.48% 14.94% 114.57% 13.52% 2
Non US
2.27% 0.00% 54.52% 23.03% 3

PMEGX - Expenses

Operational Fees

PMEGX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.61% 0.07% 111.05% 29.81% 1
Management Fee 0.60% 0.06% 1.50% 5.65% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 25000.00% 3.66% 4

Sales Fees

PMEGX Fees (% of AUM) Category Low Category High PMEGX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

PMEGX Fees (% of AUM) Category Low Category High PMEGX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PMEGX Fees (% of AUM) Category Low Category High PMEGX Rank Quintile
Turnover 35.90% 0.00% 558.00% 16.69% 2

PMEGX - Distributions

Dividend Yield Analysis

PMEGX Category Low Category High PMEGX % Rank Quintile
Dividend Yield 0.1% 0.00% 5.39% 40.34% 3

Dividend Distribution Analysis

PMEGX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PMEGX Category Low Category High PMEGX % Rank Quintile
Net Income Ratio 0.15% -2.43% 1.43% 8.79% 1

Capital Gain Distribution Analysis

PMEGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PMEGX - Managers

Brian W.H. Berghuis

Manager

Start Date

Jul 31, 1996

Tenure

21.27

Tenure Rank

1.0%

Mr. Berghuis has been chairman of the committee. He started at T. Rowe Price in 1985 as an analyst following the retail sector, and he became a portfolio manager in 1992. Previously, Berghuis was a summer research associate at Dominion Securities Pitfield and spent two years at Kidder, Peabody & Co. as a deferred admission associate in utility corporate finance. Berghuis earned a BA, cum laude, from Princeton University's Woodrow Wilson School of Public and International Affairs. He also holds an MBA from Harvard Business School. Berghuis has earned the CFA designation.


Tenure Analysis

Category Low

0.0

Category High

31.6

Category Average

7.26

Category Mode

0.7