Fund Evaluator:

T. Rowe Price Diversified Mid Cap Gr I Overview

T. Rowe Price Diversified Mid Cap Gr I (RPTTX) is an actively managed U.S. Equity Mid-Cap Growth fund. T. Rowe Price launched the fund in 2017.

The investment seeks to provide long-term capital growth. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in a broadly diversified portfolio of common stocks of mid-cap growth companies. Stock selection is based on a combination of fundamental, bottom-up analysis and top-down quantitative strategies in an effort to identify companies with superior long-term appreciation prospects.

About T. Rowe Price Diversified Mid Cap Gr I (RPTTX)

There are 2 members of the management team with an average tenure of 11.47 years: Dante Pearson (2026), Donald Peters (2003). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap Growth TR USD index with a weighting of 100%. T. Rowe Price Diversified Mid Cap Gr I has 295 securities in its portfolio. The top 10 holdings constitute 18.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

T. Rowe Price Diversified Mid Cap Gr I is part of the Equity global asset class and is within the U.S. Equity fund group. T. Rowe Price Diversified Mid Cap Gr I has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.3%. There is 2.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). T. Rowe Price Diversified Mid Cap Gr I has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $3 billion in total assets, which is above the $658 million average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RPTTX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The T. Rowe Price Diversified Mid Cap Gr I expense ratio is above average compared to funds in the Mid-Cap Growth category. T. Rowe Price Diversified Mid Cap Gr I has an expense ratio of 0.67%, which is 39% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. T. Rowe Price Diversified Mid Cap Gr I has a portfolio turnover rate of 51%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Growth category.

Recently, in the month of July 2026, T. Rowe Price Diversified Mid Cap Gr I returned -6.1%, which earned it a grade of C, as the Mid-Cap Growth category had an average return of -5.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

T. Rowe Price Diversified Mid Cap Gr I has a trailing yield of 0.00%, which is below the 0.03% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

T. Rowe Price Diversified Mid Cap Gr I Grades

Year to date, the fund has returned 1.7%, 4.0 percentage points worse than the category, which translates into a grade of D. The fund has returned -0.6% over the past year (grade of D), 12.8% over the past three years (grade of B) and 5.3% per year over the past five years (grade of A) and 12.4% per year over the past 10 years (grade of A).

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