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T. Rowe Price Extended Equity Market Idx PEXMX

Analyst rating as of
NAV / 1-Day Return
42.91  /  1.85 %
Total Assets
1.4 Bil
Adj. Expense Ratio
0.250%
Expense Ratio
0.250%
Fee Level
Low
Longest Manager Tenure
2.15 years
Category
Mid-Cap Growth
Investment Style
Mid Growth
Min. Initial Investment
2,500
Status
Open
TTM Yield
0.57%
Turnover
36%
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Morningstar’s Analysis

Will PEXMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

New category, new ratings.

Associate Analyst

Summary

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T. Rowe Price Extended Equity Market Index Fund’s index construction leads to an unintentional but persistent growth tilt, which has landed the fund in the mid-cap growth Morningstar Category. As the strategy does not deliberately target growth stocks, we have downgraded its Process Pillar rating to Average from Above Average. As a result, we have downgraded its Morningstar Analyst Rating to Bronze from Silver. This reflects our confidence in its ability to outperform new category peers in the long run, despite its roundabout growth bias.

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