RRMVX Fees and Costs — T. Rowe Price Mid-Cap Value Fund, Inc., R Class
Data updated: 2026-08-27
The net expense ratio is 1.38%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7.2M in broker commissions, 0.0472% of average net assets, and portfolio turnover was 55%.
RRMVX Fees and Expenses
Annual operating expenses and sales charges of RRMVX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.38% |
| Fee waiver | — |
| Net expense ratio | 1.38% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RRMVX Costs Over Time
On $10,000 invested in RRMVX, assuming 5% a year before costs, total costs come to $885 over 5 years, cutting the return by 1.50% 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 1.38%) | $145 | $450 | $777 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $150 | $489 | $885 |
| Value after costs | $10,350 | $11,088 | $11,878 |
| Impact on return, per year | 1.50% | 1.50% | 1.50% |
RRMVX 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): 0.0472%
- Total broker commissions: $7.2M
- Bought from dealers (principal trades, not a cost): $158.8M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $156.3M
- Net income from securities lending: $2.3M (0.015% of average net assets)
RRMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $726K | 14.53% |
| MORGAN STANLEY & CO. LLC | $679K | 13.58% |
| JEFFERIES LLC | $670K | 13.41% |
| BOFA SECURITIES, INC. | $581K | 11.62% |
| GOLDMAN SACHS & CO. LLC | $503K | 10.06% |
| RBC Capital Markets, LLC | $438K | 8.77% |
| Citigroup Inc. | $436K | 8.73% |
| Virtu ITG Hong Kong Limited | $339K | 6.79% |
| WELLS FARGO SECURITIES, LLC | $315K | 6.31% |
| BMO Capital Markets Corp. | $311K | 6.22% |
RRMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $75.7M | 53.97% |
| MORGAN STANLEY & CO. LLC | $19.0M | 13.58% |
| BARCLAYS CAPITAL INC. | $15.2M | 10.83% |
| MIZUHO SECURITIES USA LLC | $6.8M | 4.86% |
| BOFA SECURITIES, INC. | $6.3M | 4.47% |
| Citigroup Inc. | $6.2M | 4.39% |
| RBC Capital Markets, LLC | $3.4M | 2.43% |
| KEEFE, BRUYETTE & WOODS, INC. | $3.4M | 2.42% |
| UBS AG | $2.2M | 1.58% |
| CAPITAL ONE SECURITIES, INC. | $2.1M | 1.46% |
T. Rowe Price Mid-Cap Value Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRTZX | Z Class | 0.06% | — |
| TRMIX | I Class | 0.72% | — |
| TRMCX | T. Rowe Price Mid-Cap Value Fund, Inc. | 0.87% | — |
| TAMVX | Advisor Class | 1.11% | — |
| RRMVX | R Class | 1.38% | — |
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.