PMEGX Performance — T. Rowe Price Institutional Mid-Cap Equity Growth Fund
Data updated: 2026-08-27
PMEGX returned +5.02% year to date and +7.71% over one year to Jun 2026. Annualised returns are +8.40% over 3 years and +3.06% over 5 years. The fund trailed its US Mid-Cap Growth category average: $100 invested three years ago grew to $127, against $152 for the category, and to $108 over one year, against $118. Volatility over the past three years was 14.61% a year. In the 12 months to Jun 2026 the fund lost a net $1.1B, and assets reached $2.58B.
PMEGX Growth of $100
What $100 invested in T. Rowe Price Institutional Mid-Cap Equity Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | PMEGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $127 | $152 |
| 5 years (Jul 2021 – Jun 2026) | $116 | $129 |
| Since data start (Jul 2019 – Jun 2026) | $168 | $203 |
PMEGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.02% |
| 1 year | +7.71% |
| 3 years (annualised) | +8.40% |
| 5 years (annualised) | +3.06% |
PMEGX Annual Returns
Calendar-year total returns of T. Rowe Price Institutional Mid-Cap Equity Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.02% |
| 2025 | +3.79% |
| 2024 | +9.70% |
| 2023 | +20.61% |
| 2022 | −23.16% |
| 2021 | +15.52% |
| 2020 | +23.87% |
| 2019 (Jul–Dec) | +6.12% |
PMEGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +2.5% | −6.7% | +5.5% | +1.2% | +2.5% | — | — | — | — | — | — |
| 2025 | +4.3% | −5.7% | −5.7% | −0.5% | +5.2% | +4.2% | +0.7% | +1.2% | −0.2% | −0.1% | +1.2% | −0.4% |
| 2024 | −0.1% | +5.9% | +2.6% | −5.9% | +1.5% | −0.1% | +3.0% | +1.7% | +1.2% | −1.8% | +7.4% | −5.3% |
| 2023 | +8.3% | −2.2% | +1.4% | −1.1% | −0.9% | +7.5% | +3.6% | −3.1% | −5.1% | −5.7% | +10.4% | +7.4% |
| 2022 | −11.0% | −1.7% | +1.1% | −9.2% | −1.1% | −7.1% | +9.7% | −4.6% | −8.3% | +6.4% | +7.2% | −4.9% |
| 2021 | −0.4% | +2.4% | +1.2% | +4.5% | −1.1% | +3.3% | +2.0% | +2.4% | −4.1% | +4.5% | −2.5% | +2.9% |
| 2020 | −0.4% | −7.9% | −17.3% | +15.8% | +9.2% | +1.7% | +5.7% | +3.7% | −1.1% | −0.4% | +12.2% | +4.7% |
| 2019 | — | — | — | — | — | — | +1.6% | −2.1% | −0.2% | +0.2% | +4.4% | +2.2% |
PMEGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.61%
- 3-year Sharpe ratio: 0.27 (vs 4.5% risk-free rate)
- Best month: +10.45% (Nov 2023)
- Worst month: −6.72% (Mar 2026)
PMEGX Fund Flows
Monthly money in and out of T. Rowe Price Institutional Mid-Cap Equity Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.1B
- 12-month gross sales (incl. reinvestments): $1.3B
- Sales ÷ redemptions: 0.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $17.2M | $202.0M | −$184.8M |
| May 2026 | $68.8M | $269.0M | −$200.2M |
| Apr 2026 | $8.0M | $39.2M | −$31.2M |
| Mar 2026 | $17.2M | $67.3M | −$50.1M |
| Feb 2026 | $30.5M | $96.1M | −$65.6M |
| Jan 2026 | $17.6M | $52.6M | −$34.9M |
| Dec 2025 | $635.6M | $395.3M | $240.3M |
| Nov 2025 | $90.3M | $173.1M | −$82.8M |
| Oct 2025 | $119.5M | $367.2M | −$247.6M |
| Sep 2025 | $71.4M | $174.8M | −$103.4M |
| Aug 2025 | $128.0M | $278.9M | −$151.0M |
| Jul 2025 | $77.8M | $276.4M | −$198.6M |
PMEGX Assets Under Management
Net assets of T. Rowe Price Institutional Mid-Cap Equity Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.58B |
| 2026-03-31 | $2.75B |
| 2025-12-31 | $3.02B |
| 2025-09-30 | $3.66B |
| 2025-06-30 | $4.04B |
| 2025-03-31 | $4.15B |
| 2024-12-31 | $4.90B |
| 2024-09-30 | $5.26B |
| 2024-06-30 | $5.00B |
| 2024-03-31 | $5.42B |
| 2023-12-31 | $5.28B |
| 2023-09-30 | $4.95B |
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.