T. Rowe Price Mid-Cap Value Fund Z Class TRTZX

Medalist Rating as of | See T. Rowe Price Investment Hub
  • NAV / 1-Day Return 36.82  /  +0.74 %
  • Total Assets 14.7B
  • Adj. Expense Ratio
    0.060%
  • Expense Ratio 0.000
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Mid-Cap Value
  • Investment Style Mid Blend
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.88%
  • Turnover 55%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TRTZX

Will TRTZX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

On the right track.

Associate Analyst Indira Fisher

Indira Fisher

Associate Analyst

Summary

Increased confidence in T. Rowe Price Mid-Cap Value’s unique and assertive approach merits a Process Pillar upgrade to Above Average from Average, while its People Pillar remains at Above Average. Vincent DeAugustino faced a high bar when he took over this strategy from longtime steward David Wallack in 2022. Wallack had led with a contrarian approach, seeking value in companies others were quick to dismiss. It’s a strategy that demanded a great deal of focus, patience, and conviction, but four years in, DeAugustino has shown he can carry it forward. While his background is that of a financial analyst, DeAugustino has demonstrated sharp stock-picking abilities across a range of sectors, including technology, energy, and consumer discretionary. Much of that is because of his close relationship with members of the analyst team, whom he readily credits as core ingredients to his success. Even with his early achievements, he remains humble, reflecting on past mistakes and looking for areas of improvement.

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Portfolio Holdings TRTZX

  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Corpay Inc

1.83 283M
Technology

Aggregate Miscellaneous Equity

1.67 258M
—

Phillips 66

1.65 257M
Energy

Lamb Weston Holdings Inc

1.58 245M
Consumer Defensive

Voya Financial Inc

1.52 236M
Financial Services

Fortive Corp

1.40 217M
Technology

T. Rowe Price Gov. Reserve

1.37 212M
Cash and Equivalents

StandardAero Inc

1.35 210M
Industrials

Concentra Group Holdings Parent Inc

1.31 204M
Healthcare

Baker Hughes Co Class A

1.30 202M
Energy

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