Morningstar Rating

Fund Research and Analysis

by Harry Milling
Consider T. Rowe Price Mid-Cap Value while you can.

After the 2008 market meltdown, the fund re-opened earlier in 2009. The fund has since staged a sharp recovery in 2009 thanks to the proven skill of its manager David Wallack, and assets are above   Read more 

Kudos

Fine long-term record earned with below-average volatility.
The fund is one of the least expensive in its category. Read more 

Risks

Focus on out-of-favor stocks can backfire. Read more 

Strategy

Manager Dave Wallack looks for reasonably priced companies with experienced management teams that are market leaders in their industries. He is also drawn to firms with the financial flexibility to invest   Read more 

Management

Prior to taking charge in January 2001, Dave Wallack was the firm's natural-resources stock analyst. He has also been on its investment committee, which oversees and supervises the portfolio manager, since the fund's 1996 inception. Wallack is assisted   Read more 

Inside Scoop

Like any value fund, this one searches for companies trading below their intrinsic worth, but turnaround plays also abound. Manager David Wallack served as a T. Rowe analyst   Read more 

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