T. Rowe Price Mid-Cap Value Fund
TRMCX
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
FRC
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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
- Jun 28, 1996
- CIK
- 0001012678
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Mid-Cap Value Fund (TRMCX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in undervalued mid-capitalization companies. The fund normally invests at least 80% of its net assets in common stocks of companies whose market capitalizations fall within the range of those in the Russell Midcap Value Index or S&P MidCap 400 Index; it emphasizes companies with attractive operating margins, strong balance sheets, capable management, and compelling valuations based on cash flow, earnings, and/or book value. Sector allocations typically include finance (approximately 20%), industrials (16%), technology (13%), health care (10%), and utilities (5%), with top holdings such as T. Rowe Price Government Reserve Fund, Kenvue Inc., Zimmer Biomet Holdings Inc., and RenaissanceRe Holdings Ltd.; the portfolio holds around 108 stocks, 92% in U.S. equities, 8% in foreign stocks, and 2-7% in cash equivalents, maintaining a portfolio turnover rate of 52.9% as of year-end 2024. Launched in 1996 and domiciled in the United States, the fund is managed by T. Rowe Price Group, Inc., headquartered in Baltimore, Maryland, with total net assets exceeding USD 15 billion across share classes and an expense ratio of 0.84% for the institutional class. Vincent DeAugustino has served as lead portfolio manager since May 2022, leveraging T. Rowe Price's extensive research platform to navigate market volatility amid U.S. government fiscal policies, Federal Reserve actions, and artificial intelligence-driven equity growth. Recent performance highlights include a 5-year annualized return of approximately 14-15% placing it in the top third of mid-cap value peers, a 3-year return of 11-18%, and positive risk-adjusted alpha of 2.16% over five years with a standard deviation of 17.89%; as of late 2025, the fund ranks favorably with a Zacks Mutual Fund Rank of 2 (Buy) due to its below-average expense ratio, skilled security selection, and lower downside risk relative to the category.