About RPMGX
T. Rowe Price Mid-Cap Growth Fund is an actively managed mutual fund that targets long-term capital appreciation by investing primarily in U.S. mid-cap stocks with strong prospects for above-average earnings growth. The fund typically maintains at least 80% of its assets in a diversified range of mid-sized companies, as defined by major mid-cap indices. Emphasizing firms that have moved beyond the start-up phase, it focuses on businesses with proven products, experienced management, and solid financials capable of driving self-funded expansion. Key portfolio sectors include healthcare, technology, consumer discretionary, and energy, with the fund frequently holding over 130 positions to achieve diversification. Notable holdings often include well-established growth companies such as Veeva Systems, Hologic, Cheniere Energy, and Domino’s Pizza. Since its inception in 1992, the fund has played a significant role in providing investors access to the growth potential of mid-sized U.S. companies, serving both individual and institutional investors seeking dynamic exposure within the domestic equity market. The fund’s consistent process, competitive expense ratio, and broad sector reach underscore its importance in the mid-cap growth mutual fund category.
Fund Family T. Rowe Price
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol RPMGX
Index Russell MidCap Growth TR
RPMGX had a total return of 5.07% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.59%.
