T. Rowe Price Mid-Cap Value Fund, Inc.

T. ROWE PRICE MID-CAP VALUE FUND, INC. · Series S000002103 · 5 share classes

Equity fund · 98% stocks· rate + credit risk filed
One fund, 5 share classes:TRMCXTAMVXRRMVXTRMIXTRTZX
$14.78B NAV
133 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

The fund seeks to provide long-term capital appreciation by investing primarily in mid-sized companies that appear to be undervalued.

Strategy · summarised

The fund invests at least 80% of assets in mid-cap stocks with value characteristics, selecting companies whose stock prices appear to undervalue their earnings, cash flow, assets, or private market value, and favoring those with sound balance sheets, strong management ownership, and attractive margins or cash generation. The fund defines mid-cap by reference to the Russell Midcap Index and MSCI mid-cap indexes, with the market capitalization range as of December 2025 spanning $1.8 billion to $98 billion. Because the indexes are periodically reconstituted, the fund's holdings and the mid-cap range will change over time. The fund may concentrate significantly in a single economic sector.

Expenses
0.05% 1.35%across 5 share classes
Share classGrossNetAs of
TRMCX0.84%0.84%2025 Q1
TAMVX1.10%1.10%2025 Q1
RRMVX1.35%1.35%2025 Q1
TRMIX0.71%0.71%2025 Q1
TRTZX0.69%0.05%2025 Q1

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 55.30% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

101.44%
of net assets
Stocks97.62%
Cash & short-term3.38%
Bonds0.44%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 17 new12 exited

Largest new: CL, CENOVUS ENERGY INC, PCOR, ARC RESOURCES LTD, ENTG, RDNT, ZS, NOVT

Largest exited: CLEARWATER ANALYTICS HDS-A, SEM, EXE, WBS, VFC, NBIX, CRBG, XYL

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
2.91%
Avg maturity
4.25 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate82.2%
Zero-coupon or unclassified17.8%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y5-10y
<1y17.8%
3-5y26.5%
5-10y55.7%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: 13.05% · $8.51M · 1 positions

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
Investment grade: +0.00 yrHigh yield: +0.00 yr
Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.00+0.00+0.00$0$0
1 yr+0.00+0.00+0.00$0$0
5 yr+0.00+0.00+0.00$0$0
10 yr+0.00+0.00+0.00$0$0
30 yr+0.00+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
T. Rowe Price Government Reserve Fund2.23%$329.43M
CORNING INCGLW1.83%$271.14M
ADVANCE AUTO PARTS INCAAP1.53%$225.48M
STANDARDAERO INCSARO1.51%$223.31M
PHILLIPS 66PSX1.44%$213.39M
FORTIVE CORPFTV1.44%$213.09M
CORPAY INCCPAY1.44%$213.18M
MIDDLEBY CORPMIDD1.41%$208.56M
AMEREN CORPORATIONAEE1.40%$206.32M
The COOPER COS INCCOO1.38%$204.14M
Showing 10 of 133Sign in to see more

Top 10 positions are 15.62% of net assets, top 25 33.75%, across 132 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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