State of Michigan 401(k) and 457 Plans

T. Rowe Price Mid-Cap Value Fund

Manager: T. Rowe Price

Category: Mid Cap Value

Objective: Provide long-term capital appreciation.

Strategy: Invests at least 80% of assets in companies whose market capitalization falls within the range of the companies in the S&P Mid Cap 400 index or the Russell Mid Cap Value index. While the fund invests most assets in U.S. common stocks, it may also purchase other securities in foreign stocks, futures, and options.

Note: The T. Rowe Price Mid-Cap Value fund structure was modified from a mutual fund to a separate account on Sept. 15, 2023. The Fund Fact Sheet for the new separate account will be available after the first full quarter of performance.

Fund fact sheet