T. Rowe Price Mid-Cap Growth Fund
RPTIX
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- T. Rowe Price Mid-Cap Growth Fund (I Class) (RPTIX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in a diversified portfolio of common stocks of mid-cap growth companies whose earnings T. Rowe Price expects to grow at a faster rate than the average company; mid-cap companies are defined as those whose market capitalization falls within the range of either the S&P MidCap 400 Index or the Russell Midcap Growth Index. The fund employs a bottom-up fundamental analysis combined with top-down quantitative strategies to select stocks across sectors such as technology, healthcare, consumer cyclical, and industrials, with top holdings typically including companies like Veeva Systems Inc., Hologic Inc., PTC Inc., Alnylam Pharmaceuticals Inc., and Hilton Worldwide Holdings Inc.; it maintains approximately 127 holdings with a portfolio turnover of 23% and total net assets of around $26 billion. Launched on August 28, 2015, the I Class shares are part of T. Rowe Price's broader lineup of actively managed equity funds offered through T. Rowe Price Associates, Inc., headquartered in Baltimore, Maryland, which was founded in 1937 and operates globally across 17 international offices serving clients in 55 countries. The fund targets institutional and high-net-worth investors seeking exposure to U.S. mid-cap growth equities, with geographic focus primarily on domestic markets but potential for limited international holdings aligned with benchmark indices. Recent portfolio manager changes include the addition of Donald Easley and Ashley Woodruff effective January 1, 2025, alongside long-standing manager Brian Berghuis who has overseen the strategy since 1992, reflecting T. Rowe Price's commitment to experienced leadership in its growth equity offerings. At the parent company level, T. Rowe Price announced a strategic collaboration with Goldman Sachs Asset Management in September 2025 to launch co-branded model portfolios combining funds from both firms, aimed at broadening access to diversified public and private market strategies for retirement and wealth channels; additionally, in November 2025, T. Rowe Price expanded its overall fixed income offerings with four new active ETFs, including the Multi-Sector Income ETF, underscoring ongoing product innovation across asset classes.