T. Rowe Price Total Equity Market Index Fund
POMIX
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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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 Total Equity Market Index Fund (POMIX) is an open-end mutual fund that seeks to match the total return of the entire U.S. stock market by tracking the S&P Total Market Index, a broad-market benchmark comprising nearly all eligible U.S. common equities across large-, mid-, small-, and micro-cap segments; under normal conditions, the fund invests at least 80% of its net assets in stocks included in the benchmark using a representative sampling strategy to achieve diversified exposure to approximately 1,195 holdings, with top positions including NVIDIA Corp. (6.80%), Microsoft Corp. (6.04%), Apple Inc. (5.56%), Amazon.com Inc. (3.48%), and Meta Platforms Inc. (2.58%), representing 24.46% of the portfolio; sector allocations emphasize technology (32.94%), financial services (13.87%), and consumer cyclical (10.69%), while U.S. stocks dominate at 99.34% of assets, supplemented by minimal non-U.S. exposure (0.64%) and cash (0.04%). The fund, domiciled in the United States and available primarily to U.S. investors, maintains a low net expense ratio of 0.18%, no front-end or deferred loads, a portfolio turnover rate of 6%, and minimum initial investments of $2,500 ($1,000 for IRAs), with subsequent investments at $100; total net assets stand at $3.02 billion. Incepted on January 30, 1998, and managed from T. Rowe Price Associates' headquarters at 100 E. Pratt Street, Baltimore, Maryland, the fund targets long-term investors seeking broad U.S. equity market replication within the large-blend category. Recent portfolio management changes include Neil Smith assuming lead responsibility on January 1, 2022, and William Scheiner joining as co-manager effective April 1, 2025; the fund continues to closely track its benchmark amid market volatility driven by Federal Reserve rate cuts in December 2024 and September 2025, artificial intelligence spending trends, and sector rotations favoring information technology while materials and consumer staples lagged over the 12 months ended September 30, 2025.