T. Rowe Price Mid-Cap Value Fund
RRMVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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
- Sep 30, 2002
- CIK
- 0001012678
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Mid-Cap Value Fund (Ticker: RRMVX) is a U.S. mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of medium-sized companies that appear undervalued relative to their perceived worth. The fund is advised by T. Rowe Price Associates, Inc., a global asset management firm headquartered in Baltimore, Maryland, and is distributed to individual and institutional investors through financial intermediaries and retirement platforms. The fund’s main “products” are its open-end mutual fund shares, offered in a specific share class under the RRMVX ticker, providing professionally managed exposure to U.S. mid-cap value equities; it invests mainly in common stocks of medium-sized companies, typically within a defined mid-cap market capitalization range, that trade at discounts based on valuation metrics such as price-to-earnings, price-to-book, and cash-flow measures; it may also hold small allocations to other equity securities, cash, and cash equivalents for liquidity and risk management purposes. The portfolio is actively managed using fundamental, bottom‑up research; the investment team evaluates company business models, balance sheets, cash flow generation, management quality, competitive positioning, and valuation, with a focus on identifying out-of-favor or mispriced businesses that have the potential for price recovery as fundamentals improve. The fund is typically diversified across a broad range of sectors represented in the U.S. mid-cap universe, such as industrials, financials, consumer discretionary, information technology, health care, and utilities, with sector and position weights reflecting the manager’s assessment of relative value and risk. The fund operates within T. Rowe Price’s broader U.S. equity platform and targets investors seeking long-term capital growth through exposure to mid-cap value stocks, including retail investors, financial advisors constructing model portfolios, and institutional clients such as retirement plans and other pooled vehicles. Shares are generally offered to U.S. investors, and the fund is registered under the U.S. Investment Company Act of 1940, with daily liquidity at net asset value, portfolio transparency through periodic holdings reports, and regular distributions of dividends and realized capital gains in accordance with its distribution policy. The fund’s strategy can be used as a core or satellite allocation within diversified equity portfolios, particularly for investors aiming to complement large-cap or growth-oriented holdings with a value‑focused mid-cap allocation. Recent major developments affecting the T. Rowe Price Mid-Cap Value Fund primarily relate to changes in portfolio management responsibilities, refinements in investment process, and broader firm-level initiatives at T. Rowe Price that influence research resources and product positioning; over the last one to two years, T. Rowe Price has continued to enhance its fundamental research capabilities and data analytics across U.S. equities, which supports stock selection and risk management for strategies such as the Mid-Cap Value Fund. Within this period, T. Rowe Price has also expanded its overall product lineup and distribution reach in retirement and advisory channels, which can increase the fund’s access to 401(k) platforms and financial advisor networks, although RRMVX itself remains focused on its established mid-cap value mandate rather than launching materially different share classes or changing its core objective. There have been no widely reported name changes or transformational reorganizations specific to the Mid-Cap Value Fund; instead, the key recent changes are incremental enhancements to research, risk oversight, and platform integration within T. Rowe Price’s U.S. equity franchise. The fund is part of the broader T. Rowe Price complex, which was founded in 1937 and is headquartered in Baltimore, Maryland, with investment and client service offices across North America, Europe, and Asia; the advisor serves as the parent platform providing research, trading, risk management, compliance, and distribution infrastructure for the Mid-Cap Value Fund. The fund operates alongside related U.S. equity strategies at T. Rowe Price, such as large-cap, small-cap, and style-specific funds, and can be used in combination with those products for multi-style or multi-cap portfolio construction. As an open-end mutual fund domiciled in the United States, it does not directly own operating subsidiaries but invests in a diversified portfolio of publicly traded issuers, and it is overseen by an independent board of directors or trustees responsible for governance and shareholder interests.