T. Rowe Price Extended Equity Market Index Fund
PEXMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Jan 30, 1998
- CIK
- 0000858581
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Extended Equity Market Index Fund (PEMX) is an open-end mutual fund that seeks to track the performance of the Wilshire 4500 Completion Index, providing investors with exposure to small- and mid-cap U.S. equities outside the S&P 500. The fund invests primarily in a diversified portfolio of common stocks of small- and mid-capitalization companies included in the index; it employs a full replication strategy to mirror the index's composition, sector weightings, and market-cap distribution, with holdings spanning sectors such as financials, industrials, information technology, consumer discretionary, and healthcare. Managed by T. Rowe Price Associates, Inc., the fund offers daily liquidity, automatic dividend reinvestment, and institutional share classes for qualified investors, targeting long-term growth through passive indexing. Established in 1996 and domiciled in Maryland with administrative operations in Baltimore, the fund operates within the U.S. domestic equity market segment, serving individual, retirement plan, and institutional clients seeking broad small- and mid-cap diversification. It maintains a low expense ratio relative to active peers, emphasizing cost efficiency and low turnover to minimize tracking error and tax implications. Geographic focus remains on U.S.-based issuers, comprising over 99% of assets under management, which exceeded $5 billion as of late 2025. In recent developments, the fund underwent a ticker symbol change from RPMEX to PEXMX in mid-2023 to align with T. Rowe Price's standardized naming conventions across its index fund lineup, enhancing investor recognition and platform compatibility. T. Rowe Price, the fund's sponsor, announced expanded index capabilities in 2024, including enhanced ESG-screened variants for extended market exposure, amid growing demand for sustainable passive strategies. No major acquisitions or partnerships directly impacted the fund in the last two years, though parent company T. Rowe Price completed its acquisition of Oak Hill Advisors in 2023, bolstering overall alternatives capabilities without altering the fund's core equity mandate.