T. Rowe Price Mid-Cap Growth Fund Advisor Class (PAMCX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of mid-cap growth companies, defined as those with market capitalizations within the range of the S&P MidCap 400 Index or the Russell Midcap Growth Index; at least 80% of net assets are allocated to such U.S.-focused equities, with limited exposure to foreign stocks, cash equivalents, and other assets. The fund offers diversified exposure across sectors including technology (24.14%), healthcare (19.40%), consumer cyclical (17.79%), industrials (12.28%), and financial services (7.70%), with top holdings such as Reserve Investment Funds (3.96%), Veeva Systems Inc. (2.13%), Hologic Inc. (1.93%), Cheniere Energy Inc. (1.88%), and PTC Inc. (1.71%). It features a net expense ratio of 1.01%, minimum initial investment of $2,500, and is available for sale in the United States.
Launched on March 31, 2000, the Advisor Class shares are part of T. Rowe Price Group, Inc., an investment management firm founded in 1937 and headquartered in Baltimore, Maryland, with global operations serving clients in 55 countries through 17 international offices.
Recent changes include the appointment of Donald Easley and Ashley R. Woodruff as co-portfolio managers effective January 1, 2025, alongside long-time manager Brian W.H. Berghuis, who stepped down from primary oversight by September 30, 2025, after over 30 years; at the parent company level, T. Rowe Price acquired Oak Hill Advisors for $7.5 billion in early 2025 to bolster its private markets platform and formed a strategic alliance with Goldman Sachs in September 2025, involving a up to $1 billion investment for approximately 3.5% ownership and joint product launches such as co-branded model portfolios targeting retirement and wealth channels in December 2025.