T. Rowe Price Mid-Cap Value Fund (TRMCX)

T. Rowe Price Mid-Cap Value Fund (TRMCX) is a domestic mutual fund. It focuses its investment in U.S. common stocks with midsize market capitalization.

T. Rowe Price Mid-Cap Value Fund (Ticker: TRMCX)

The investment aim of T. Rowe Price Mid-Cap Value Fund is to achieve long-term capital appreciation. The mutual fund will invest > 80% of its net assets in companies whose market capitalization is similar to the range of the companies in either the S&P MidCap 400 Index or the Russell Midcap Value Index. It may invest in foreign stocks.

Fund Details

• Fund Inception Date: June 28, 1996
• Ticker Symbol: TRMCX
• CUSIP: 77957Y106
• Beta (3yr): 1.03
• Rank in category (YTD): 13%
• Category: Mid-Cap Value
• Yield: 0.92%
• Capital Gains: 0%
• Expense Ratio: 0.81%
• Net Assets: $ 9.29 billion
• Number of Years Up: 12 years
• Number of Years Down: 3 years
• Annual Turnover Rate: 53.60%

Updated on 2/2/2013

This best performer mid-cap value fund has total net assets of $9.29 billion. It is managed by David J. Wallack since December 2000.  Morningstar analysts rank this domestic stock fund with 4-stars and Gold rating. It has annual expense ratio of 0.81%. This fund has 0.92% dividend yield.

Since its inception in 1996, this TRMCX fund has recorded 12 years of positive return. Its best 1-year total return was achieved in 2009 with 46.68%. The worst was occurred in 2008 with -34.57%. The performance of this fund, based on the load adjusted returns, is as below:

• 1-year: 17.65%
• 3-year: 10.83%
• 5-year: 4.26%
• 10-year: 10.19%

This mid cap value fund is currently closed to new retail investors but open to subsequent retail investments. It can be purchased from 91 brokerages. Please contact your brokerages for the further details. There is no management fee and no front-end sales load fee. The current shares price is $24.04 (1/1/2013).

As per November 2012, the quarter-end top holdings of this fund are CIT Group Inc, Exterran Holdings, First American Financial, Kroger, Marsh & McLennan Cos, Northern Trust, Southwest Airlines, Sysco, Textron and White Mountains Insurance Group. The top sector diversification as per October 2012 is 24.8% in Financials, 9.8% in Consumer Discretionary and 9.8% in Consumer Staples.

According to the fund prospectus, the principal risks for investing in this fund are active management risk, risks of stock investing, market capitalization risk, investment style risk, foreign investing risk, etc.

Disclosure: No Position

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