T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX)
The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in a diversified portfolio of common stocks of mid-cap companies whose earnings T. Rowe Price expects to grow at a faster rate than the average company. The advisor defines mid-cap companies as those whose market capitalization (number of shares outstanding multiplied by share price) falls within the range of either the S&P MidCap 400 Index or the Russell Midcap Growth Index.
Fund Info
US45775L1017
Jul 31, 1996
$1,000,000
Mid-Cap
Growth
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Institutional Mid Cap Equity Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Institutional Mid Cap Equity Growth Fund had a return of 12.78% year-to-date (YTD) and 14.87% in the last 12 months. Over the past 10 years, T. Rowe Price Institutional Mid Cap Equity Growth Fund had an annualized return of 5.47%, while the S&P 500 had an annualized return of 11.16%, indicating that T. Rowe Price Institutional Mid Cap Equity Growth Fund did not perform as well as the benchmark.
PMEGX
12.78%
2.57%
7.68%
14.87%
4.73%
5.47%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of PMEGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.06% | 5.92% | 2.57% | -5.94% | 1.46% | -0.09% | 3.04% | 1.73% | 1.22% | -1.79% | 12.78% | ||
| 2023 | 8.31% | -2.21% | 1.42% | -1.07% | -0.91% | 7.51% | 3.59% | -3.13% | -5.09% | -5.66% | 10.45% | 0.40% | 12.80% |
| 2022 | -11.04% | -1.70% | 1.11% | -9.16% | -1.06% | -7.06% | 9.73% | -4.64% | -8.33% | 6.40% | 7.18% | -6.45% | -24.43% |
| 2021 | -0.43% | 2.37% | 1.16% | 4.46% | -1.06% | 3.29% | 2.03% | 2.37% | -4.13% | 4.46% | -2.49% | -9.13% | 2.01% |
| 2020 | -0.39% | -7.87% | -17.33% | 15.81% | 9.20% | 1.71% | 5.67% | 3.71% | -1.06% | -0.37% | 12.23% | 9.78% | 29.89% |
| 2019 | 10.40% | 4.84% | 1.02% | 3.91% | -4.96% | 8.61% | 1.59% | -2.10% | -0.18% | 0.18% | 4.43% | -2.55% | 26.93% |
| 2018 | 6.55% | -2.86% | 0.55% | -1.25% | 1.93% | 0.33% | 3.95% | 3.53% | 0.18% | -7.76% | 2.76% | -17.27% | -11.15% |
| 2017 | 3.42% | 3.41% | 1.36% | 1.95% | 2.82% | 1.38% | 1.74% | 0.56% | 2.20% | 2.40% | 2.36% | -5.96% | 18.73% |
| 2016 | -8.36% | 1.48% | 7.26% | 0.44% | 2.74% | -1.07% | 5.23% | -0.67% | -0.09% | -3.79% | 4.57% | -0.87% | 6.06% |
| 2015 | -1.76% | 7.49% | 1.05% | -0.48% | 2.23% | -0.36% | 1.59% | -4.41% | -3.40% | 6.38% | 1.16% | -7.80% | 0.67% |
| 2014 | -0.30% | 5.08% | -1.83% | -1.65% | 1.46% | 3.76% | -2.93% | 4.76% | -3.54% | 4.78% | 3.35% | -6.28% | 6.00% |
| 2013 | 6.37% | 1.26% | 4.10% | 0.32% | 3.40% | -0.87% | 6.66% | -1.54% | 5.40% | 2.36% | 1.98% | -0.22% | 32.91% |
Expense Ratio
PMEGX features an expense ratio of 0.61%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PMEGX is 18, indicating that it is in the bottom 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Institutional Mid Cap Equity Growth Fund provided a 0.15% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.00 | $0.00 | $6.48 | $0.19 | $0.13 | $0.07 | $0.09 |
Dividend yield | 0.15% | 0.17% | 0.00% | 0.00% | 8.94% | 0.31% | 0.27% | 0.13% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Institutional Mid Cap Equity Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.48 | $6.48 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2016 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Institutional Mid Cap Equity Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Institutional Mid Cap Equity Growth Fund was 60.81%, occurring on Nov 20, 2008. Recovery took 564 trading sessions.
The current T. Rowe Price Institutional Mid Cap Equity Growth Fund drawdown is 18.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.81% | Oct 11, 2007 | 281 | Nov 20, 2008 | 564 | Feb 17, 2011 | 845 |
| -45.54% | Sep 5, 2000 | 523 | Oct 9, 2002 | 521 | Nov 4, 2004 | 1044 |
| -40.71% | Nov 17, 2021 | 229 | Oct 14, 2022 | — | — | — |
| -37.16% | Feb 20, 2020 | 23 | Mar 23, 2020 | 92 | Aug 3, 2020 | 115 |
| -32.81% | Jul 17, 1998 | 60 | Oct 8, 1998 | 64 | Jan 6, 1999 | 124 |
Volatility
Volatility Chart
The current T. Rowe Price Institutional Mid Cap Equity Growth Fund volatility is 4.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.