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T. Rowe Price Mid-Cap Growth I RPTIX

Analyst rating as of
NAV / 1-Day Return
102.96  /  1.57 %
Total Assets
32.9 Bil
Adj. Expense Ratio
0.610%
Expense Ratio
0.610%
Fee Level
Low
Longest Manager Tenure
29.57 years
Category
Mid-Cap Growth
Investment Style
Mid Growth
Min. Initial Investment
1,000,000
Status
Limited
TTM Yield
0.00%
Turnover
23%
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Morningstar’s Analysis

Will RPTIX outperform in future?

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

T. Rowe Price Mid-Cap Growth Reopens to New Investors; Ratings Unaffected

Analyst Note

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T. Rowe Price Mid-Cap Growth and T. Rowe Price Institutional Mid-Cap Equity Growth will open to new investors beginning December 1, according to a recent filing. The funds had been closed to new investors since May 2010, but T. Rowe believes they now have additional capacity following heavy outflows. The funds collectively experienced outflows of roughly $11 billion since the beginning of 2020, according to Morningstar asset flow data, which is significant even for a strategy which had $78.6 billion in total assets as of June 30, 2021. Based on the firm’s September 30 estimates, investors are in line for larger-than-average capital gains distributions of around $11 per share, likely driven by increased selling activity to meet redemptions. The estimates are subject to change.

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