T. Rowe Price Mid-Cap Growth Fund (NASDAQ:RPMGX) (https://finance.yahoo.com/quote/RPMGX?p=RPMGX) seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in a diversified portfolio of common stocks of mid-cap companies whose earnings T. Rowe Price expects to grow at a faster rate than the average company. The advisor defines mid-cap companies as those whose market capitalization falls within the range of either the S&P MidCap 400® Index or the Russell Midcap® Growth Index. While most assets will typically be invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with the fund’s objectives.

The RPMGX portfolio management team states that its “portfolio typically has lower volatility than its benchmark and peers, and believes that it is well positioned to provide attractive long-term risk-adjusted performance over full market cycles.”In fact, Sabban calls RPMGX “a time-tested winner” that has a “highly accomplished manager, strong supporting analysts and disciplined investment approach.” Put that all together, and you’ll see why Morningstar gives RPMGX four stars. RPMGX has $27.4 billion in AUM, and it carries a 0.72% expense ratio. Therefore, RPMGX is a good fund to own by long term investors.

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