T. Rowe Price Mid-Cap Growth (RPMGX) a Zacks Ranked #1 (Strong Buy) seeks to provide long-term capital appreciation. RPMGX invests a major portion of its assets in mid-cap companies offering above-average earnings growth. Mid-cap companies are defined to be those companies whose market capitalization falls within the range of either the S&P MidCap 400 Index or the Russell Midcap Growth Index. T. Rowe Price Mid-Cap Growth offers dividends and capital gains in December.
This Mid Growth fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value, Small Growth.
The T. Rowe Price Mid-Cap Growth fund, managed by T. Rowe Price, carries an expense ratio of 0.77, but it does come with a 0.63% management fee. Moreover, RPMGX requires a minimal initial investment of $2,500.
RPMGX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 17.2%, 3 year 18.41%, and 5 year 17.02%. To see how this fund performed compared in its category, please click here.
RPMGX’s performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 5% over the past 3 years, and in the 3% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (RPMGX): Fund Analysis Report
To read this article on Zacks.com click here.