PMEGX Fees and Costs — T. Rowe Price Institutional Mid-Cap Equity Growth Fund
Data updated: 2026-08-27
The net expense ratio is 0.61%: a 0.60% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $785K in broker commissions, 0.0196% of average net assets, and portfolio turnover was 29%.
PMEGX Fees and Expenses
Annual operating expenses and sales charges of PMEGX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PMEGX Costs Over Time
On $10,000 invested in PMEGX, assuming 5% a year before costs, total costs come to $397 over 5 years, cutting the return by 0.66% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $397 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
PMEGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0196%
- Total broker commissions: $785K
- Bought from dealers (principal trades, not a cost): $37.8M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
PMEGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $108K | 18.47% |
| GOLDMAN SACHS & CO. LLC | $106K | 18.13% |
| MORGAN STANLEY & CO. LLC | $70K | 11.90% |
| Citigroup Inc. | $66K | 11.31% |
| JEFFERIES LLC | $48K | 8.24% |
| BOFA SECURITIES, INC. | $46K | 7.78% |
| WELLS FARGO SECURITIES, LLC | $38K | 6.48% |
| UBS AG | $36K | 6.11% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $35K | 6.01% |
| TD Securities Ltd. | $33K | 5.57% |
PMEGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $14.9M | 47.63% |
| GOLDMAN SACHS & CO. LLC | $4.5M | 14.24% |
| MORGAN STANLEY & CO. LLC | $4.4M | 13.95% |
| JEFFERIES LLC | $2.1M | 6.58% |
| BMO Capital Markets Corp. | $1.2M | 3.73% |
| TD Securities Ltd. | $1.1M | 3.56% |
| Citigroup Inc. | $926K | 2.96% |
| MACQUARIE CAPITAL (USA) INC. | $855K | 2.73% |
| Deutsche Bank Securities Inc. | $739K | 2.36% |
| BOFA SECURITIES, INC. | $710K | 2.27% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.