T. Rowe Price Mid-Cap Value Fund, Inc.
Actively managed U.S. stock fund
The fund seeks to provide long-term capital appreciation by investing primarily in mid-sized companies that appear to be undervalued.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TRPGRIAT. Rowe Price Government Reserve Fund | 3.92% | $642.63M | — | — |
1.63% | $266.78M | 4.3M | $62.22 | |
MIDDMIDDLEBY CORP | 1.60% | $262.48M | 1.5M | $172.01 |
SAROSTANDARDAERO INC | 1.58% | $259.56M | 8.7M | $29.91 |
CPAYCORPAY INC | 1.46% | $239.85M | 719.7K | $333.27 |
HXLHEXCEL CORP | 1.44% | $235.77M | 2.4M | $100.06 |
FTVFORTIVE CORP | 1.41% | $231.32M | 3.8M | $61.09 |
1.41% | $230.88M | 2.6M | $90.53 | |
1.34% | $219.77M | 7.4M | $29.75 | |
MKSIMKS Inc | 1.32% | $216.36M | 486.4K | $444.80 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 130 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 95.43% |
| Cash & short-term | 4.53% |
| Bonds | 0.56% |
By sector
- Industrials
- 19.4%
- Financials
- 16.0%
- Information Technology
- 12.8%
- Real Estate
- 7.9%
- 9 other sectors
- 43.8%
- Industrials
- 19.4%
- Financials
- 16.0%
- Information Technology
- 12.8%
- Real Estate
- 7.9%
- Energy
- 6.7%
- Health Care
- 6.6%
- Utilities
- 6.6%
- Consumer Discretionary
- 6.1%
- International
- 5.9%
- Cash
- 4.5%
- Consumer Staples
- 3.3%
- Materials
- 2.7%
- Other
- 1.3%
How it has done
TRMCX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.92%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.84% | +30.36% | +57.95% | +64.29% | -14.81% | |
| 1.10% | +30.04% | +56.83% | +62.28% | -14.88% | |
| 1.35% | +29.70% | +55.60% | +60.16% | -14.97% | |
| 0.71% | +30.56% | +58.67% | +65.38% | -14.78% | |
| 0.05% | +31.42% | +61.81% | +70.96% | -14.51% |
These classes hold the same portfolio, so the 10.80pp spread over 5 years is the cost difference between them — roughly 2.16pp a year — not a difference in what they own.
Fees & fund details
T. Rowe Price Mid-Cap Value Fund, Inc. is an actively managed U.S. equity fund. 12% of TRMCX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.05% – 1.35%· TRMCX 0.84%
- Portfolio turnover
- 55.30% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
10 new· the largest 8
13 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 100.0% |
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 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/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.
Understand how this fund fits with the rest.
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