PMEGX: T. Rowe Price Instl Mid-Cap Equity Gr

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PMEGX T. Rowe Price Instl Mid-Cap Equity Gr

  • Fund
  • PMEGX
  • Price as of: Dec 05, 2019
  • $62.25
    + $0.06 + 0.10%

Profile

PMEGX - Profile

Vitals

  • YTD Return 28.9%
  • 3 Yr Annualized Return 10.0%
  • 5 Yr Annualized Return 6.2%
  • Net Assets $8 B
  • Holdings in Top 10 18.8%

52 WEEK LOW AND HIGH

$62.25
$45.21
$63.30

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 Dec 08, 2003
  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification


Distributions

  • YTD Total Return 28.8%
  • 3 Yr Annualized Total Return 9.9%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.24%
DIVIDENDS
  • Dividend Yield 0.2%
  • 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.


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Performance

PMEGX - Performance

Return Ranking - Trailing

Period PMEGX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.9% 2.8% 42.5% 54.29%
1 Yr 8.7% -37.3% 28.4% 55.17%
3 Yr 10.0%* -25.6% 43.0% 41.67%
5 Yr 6.2%* -30.2% 22.0% 33.40%
10 Yr 11.5%* -13.5% 19.8% 25.20%

* Annualized

Return Ranking - Calendar

Period PMEGX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.4% -51.7% 102.3% 32.06%
2017 18.6% -21.1% 36.0% 37.04%
2016 5.9% -61.7% 40.3% 25.26%
2015 0.7% -54.0% 12.2% 9.72%
2014 6.0% -23.5% 17.9% 14.68%

Total Return Ranking - Trailing

Period PMEGX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% 2.8% 42.9% 56.04%
1 Yr 8.6% -37.5% 33.1% 67.78%
3 Yr 9.9%* -16.4% 43.2% 63.26%
5 Yr 6.2%* -21.9% 22.1% 67.87%
10 Yr 11.5%* -8.2% 19.8% 55.83%

* Annualized

Total Return Ranking - Calendar

Period PMEGX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.4% -51.7% 102.3% 53.19%
2017 18.6% -7.0% 39.4% 74.47%
2016 5.9% -61.7% 40.3% 40.25%
2015 0.7% -54.0% 12.2% 29.59%
2014 6.0% -23.5% 18.1% 52.75%

NAV & Total Return History


Holdings

PMEGX - Holdings

Concentration Analysis

PMEGX Category Low Category High PMEGX % Rank
Net Assets 8 B 726 K 34.3 B 8.42%
Number of Holdings 134 1 2562 10.48%
Net Assets in Top 10 1.41 B 175 K 5.97 B 12.89%
Weighting of Top 10 18.84% 5.5% 100.0% 78.87%

Top 10 Holdings

  1. Teleflex Inc 2.52%
  2. Ball Corp 2.12%
  3. The Cooper Companies Inc 2.06%
  4. Hologic Inc 2.03%
  5. L3Harris Technologies Inc 1.81%
  6. Textron Inc 1.70%
  7. Microchip Technology Inc 1.70%
  8. Agilent Technologies Inc 1.69%
  9. Dollar General Corp 1.61%
  10. IAC/InterActiveCorp 1.58%

Asset Allocation

Weighting Return Low Return High PMEGX % Rank
Stocks
97.95% 85.46% 123.55% 45.02%
Cash
2.04% -29.87% 14.54% 54.47%
Preferred Stocks
0.00% 0.00% 1.49% 97.08%
Other
0.00% -11.86% 6.32% 95.19%
Convertible Bonds
0.00% 0.00% 0.09% 97.08%
Bonds
0.00% 0.00% 2.56% 97.08%

Stock Sector Breakdown

Weighting Return Low Return High PMEGX % Rank
Technology
21.46% 0.00% 55.28% 80.24%
Industrials
19.87% 0.00% 35.42% 29.55%
Healthcare
18.25% 0.00% 38.93% 22.51%
Consumer Cyclical
13.82% 2.71% 50.57% 56.70%
Financial Services
8.61% 0.00% 40.37% 34.36%
Consumer Defense
6.42% 0.00% 15.71% 18.21%
Basic Materials
3.28% 0.00% 17.78% 25.60%
Energy
2.56% 0.00% 12.22% 9.97%
Utilities
2.24% 0.00% 6.08% 9.79%
Real Estate
0.94% 0.00% 48.92% 86.60%
Communication Services
0.00% 0.00% 17.07% 97.59%

Stock Geographic Breakdown

Weighting Return Low Return High PMEGX % Rank
US
95.14% 80.04% 118.32% 37.29%
Non US
2.81% 0.00% 17.06% 60.31%

Expenses

PMEGX - Expenses

Operational Fees

PMEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.00% 29.30% 96.33%
Management Fee 0.60% 0.00% 1.50% 14.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.72% 81.76%

Sales Fees

PMEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 35.90% 1.24% 385.00% 32.47%

Distributions

PMEGX - Distributions

Dividend Yield Analysis

PMEGX Category Low Category High PMEGX % Rank
Dividend Yield 0.21% 0.00% 3.48% 6.87%

Dividend Distribution Analysis

PMEGX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

PMEGX Category Low Category High PMEGX % Rank
Net Income Ratio 0.24% -2.55% 2.65% 9.44%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PMEGX - Fund Manager Analysis

Managers

Brian W.H. Berghuis


Start Date

Tenure

Tenure Rank

Jul 31, 1996

23.35

23.4%

Brian W. H. Berghuis is a member of T. Rowe Price's U.S. Equity Steering Committee and the lead portfolio manager for the firm's U.S. Mid-Cap Growth Strategy. Mr. Berghuis has 25 years of investment experience, 23 of which have been at T. Rowe Price. He started at the firm in 1985 as an analyst following the retail sector. He initially became lead portfolio manager for the U.S. Mid-Cap Growth Strategy in 1992 and oversaw a significant expansion of the firm's capabilities in this strategy. In 2003, he was named to the U.S. Equity Steering Committee.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 32.93 8.03 2.75