T. Rowe Price Mid-Cap Growth Fund
RRMGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Sep 30, 2002
- CIK
- 0000887147
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Mid-Cap Growth Fund (RRMGX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in a diversified portfolio of common stocks issued by mid-cap growth companies whose earnings are expected to grow at a faster rate than the average company. The fund normally invests at least 80% of its net assets in equity securities of mid-cap companies, defined as those with market capitalizations within the range of either the S&P MidCap 400 Index or the Russell Midcap Growth Index; it may also invest to a limited extent in foreign stocks, privately held companies, initial public offerings, and derivatives providing exposure to mid-cap growth equities. Top holdings typically include companies such as Hologic Inc., PTC Inc., Agilent Technologies Inc., Veeva Systems Inc., and Hilton Worldwide Holdings Inc., with sector allocations emphasizing healthcare, technology, and consumer cyclical industries, alongside cash equivalents and limited non-U.S. stocks. Operated by T. Rowe Price Associates, Inc., in Baltimore, Maryland, the R Class shares of the fund (RRMGX) were launched on September 30, 2002, as part of the broader Mid-Cap Growth Fund family, which traces its inception to June 1992 and manages total assets exceeding $25 billion across share classes. The fund targets individual and institutional investors, including retirement plans, with a minimum initial investment of $2,500, a net expense ratio of 1.29%, and an annual portfolio turnover rate of approximately 23%; geographic operations focus predominantly on U.S. equities (over 90% allocation), with minor exposure to non-U.S. stocks. Recent changes include a significant portfolio management transition effective September 30, 2025, when Ashley R. Woodruff assumed primary oversight and responsibility for day-to-day portfolio management, replacing Brian W.H. Berghuis as lead portfolio manager and chair of the fund's Investment Advisory Committee; Berghuis remains as co-portfolio manager until his retirement on December 31, 2025, alongside Donald J. Easley as co-portfolio manager. At the parent firm level, T. Rowe Price Group completed the $7.5 billion acquisition of Oak Hill Advisors in early 2025 to expand private credit capabilities, entered a strategic partnership with Goldman Sachs Asset Management in December 2025 to launch joint model portfolio offerings in the wealth channel, and transitioned to Charles River's enterprise investment management system in December 2025 to enhance operational efficiency. These developments reflect ongoing strategic enhancements in management, capabilities, and technology infrastructure.