About PMEGX
T. Rowe Price Institutional Mid-Cap Equity Growth Fund is a diversified mutual fund focused on achieving long-term capital appreciation by investing primarily in U.S. mid-cap companies with strong earnings growth potential. The fund typically allocates at least 80% of its assets to mid-cap stocks—defined by the fund as companies whose market capitalizations fall within the ranges of widely recognized mid-cap indices such as the S&P MidCap 400 or the Russell Midcap Growth Index. These companies are selected for their prospects of outpacing average corporate earnings growth, with the strategy underpinned by T. Rowe Price’s active, research-driven investment approach.
The fund’s portfolio is spread across key sectors including technology, healthcare, consumer cyclical, and energy, with holdings in firms like Marvell Technology, The Trade Desk, Hologic, and Domino’s Pizza. Its institutional share class targets professional investors with a higher minimum investment and a below-average expense ratio, supporting cost efficiency for larger portfolios. Since its inception in 1996, the fund has established a notable presence within the mid-cap growth category and is recognized for active succession planning and disciplined portfolio management, making it a significant vehicle for investors seeking exposure to dynamic, growth-oriented mid-sized companies.
Fund Family T. Rowe Price
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PMEGX
Index Russell MidCap Growth TR
PMEGX had a total return of 6.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.76%.
