T. Rowe Price Mid-Cap Value Fund (TRMCX)

Fund Assets	15.84B
Expense Ratio	0.87%
Min. Investment	$2,500
Turnover	55.30%
Dividend (ttm)	1.75
Dividend Yield	4.49%
Dividend Growth	-61.50%
Payout Frequency	Annual
Ex-Dividend Date	Dec 11, 2025

Previous Close	38.91
YTD Return	20.86%
1-Year Return	24.29%
5-Year Return	79.18%
52-Week Low	31.82
52-Week High	39.93
Beta (5Y)	0.96
Holdings	119
Inception Date	Jun 28, 1996

About TRMCX

T. Rowe Price Mid-Cap Value Fund is a mutual fund focused on achieving long-term capital appreciation by investing primarily in mid-sized U.S. companies that are considered undervalued relative to their intrinsic worth. The fund typically allocates at least 80% of its net assets to companies whose market capitalizations fall within the ranges defined by the Russell Midcap Value Index, S&P MidCap 400 Index, or similar benchmarks. This approach targets firms with attractive operating margins, sound financial management, and management teams with meaningful stock ownership, which may help drive company performance. Targeting the mid-cap value category, the fund offers investors exposure to businesses that are often in a growth stage but may not have the stability or recognition of large-cap firms. Historically, this segment can exhibit more volatility than large-cap investments, but it also provides opportunities for capital appreciation as these companies mature. With a competitive expense ratio and an investment strategy based on rigorous fundamental analysis, the T. Rowe Price Mid-Cap Value Fund holds a significant position in its category and serves as a core holding for those seeking diversified, value-oriented exposure to mid-sized U.S. equities.

• Fund Family: T. Rowe Price
• Category: Mid-Cap Value
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TRMCX
• Index: Russell MidCap Value TR

Performance

TRMCX had a total return of 24.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.47%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FMPEX	Fidelity	Fidelity Advisor Mid Cap Value C	1.89%
FMPTX	Fidelity	Fidelity Advisor Mid Cap Value M	1.38%
FMPAX	Fidelity	Fidelity Advisor Mid Cap Value A	1.13%
FIDFX	Fidelity	Fidelity Advisor Mid Cap Value Fund - Class Z	0.76%
FMPOX	Fidelity	Fidelity Advisor Mid Cap Value I	0.89%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TRTZX	T. Rowe Price Mid-cap Value Fund-z Class	0.06%
TRMIX	T. Rowe Price Mid-cap Value Fund-i Class	0.72%
TAMVX	T. Rowe Price Mid-cap Value Fund-advisor Class	1.11%
RRMVX	T. Rowe Price Mid-cap Value Fund-r Class	1.38%

Top 10 Holdings

21.07% of assets

Name	Symbol	Weight
Aggregate Miscellaneous Equity	n/a	5.29%
T. Rowe Price Gov. Reserve	TRPGRIA	3.92%
Advance Auto Parts, Inc.	AAP	1.63%
The Middleby Corporation	MIDD	1.60%
StandardAero, Inc.	SARO	1.58%
Corpay, Inc.	CPAY	1.46%
Hexcel Corporation	HXL	1.44%
Fortive Corporation	FTV	1.41%
Voya Financial, Inc.	VOYA	1.41%
Concentra Group Holdings Parent, Inc.	CON	1.34%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 11, 2025	$1.7458	Dec 12, 2025
Dec 12, 2024	$4.5341	Dec 13, 2024
Dec 13, 2023	$2.3878	Dec 14, 2023
Dec 13, 2022	$3.9459	Dec 14, 2022
Dec 14, 2021	$3.100	Dec 15, 2021
Dec 14, 2020	$1.120	Dec 15, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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