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PRGTX T. Rowe Price Global Technology

  • Fund
  • PRGTX
  • Price as of: Aug 08, 2016
  • $14.39
  • - $0.01
  • - 0.07%
  • Category
  • Global Equities

PRGTX - Profile

Vitals

  • YTD Return 6.1%
  • 3 Yr Annualized Return 24.1%
  • 5 Yr Annualized Return 19.6%
  • Net Assets $2.78 B
  • Holdings in Top 10 54.0%

52 WEEK LOW AND HIGH

$14.39
$10.47
$15.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 219.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Global Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 24.1%
  • 5 Yr Annualized Total Return 19.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Global Technology Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Sep 29, 2000
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Joshua K. Spencer

Fund Description

The T. Rowe Price Global Technology Fund (PRGTX) is a low-cost, actively managed fund that seeks long-term capital growth by focusing on global technology stocks. The fund’s primary emphasis is on leading global technology companies, and it is invested in any tech sector the managers see fit. This includes media, software, hardware, IT services, telecom and semiconductors. Further, at least 30% of PRGTX’s portfolio is placed in foreign emerging and developed markets. Managers use various growth fundamentals when choosing PRGTX’s portfolio.

For investors looking to overweight technology in a broader portfolio, PRGTX makes a prime satellite holding. The fund is internally managed by T. Rowe Price.

PRGTX - Performance

Return Ranking - Trailing

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.1% -62.4% 213.1% 25.51% 2
1 Yr 14.7% -18.8% 17.6% 0.47% 1
3 Yr 24.1% * -9.2% 24.1% 0.11% 1
5 Yr 19.6% * -8.0% 19.6% 0.14% 1
10 Yr 15.9% * -2.7% 15.9% 0.21% 1

* Annualized


Return Ranking - Calendar

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 10.1% -27.7% 17.2% 1.85% 1
2014 N/A -4.6% 1.7% N/A N/A
2013 N/A 20.2% 28.5% N/A N/A
2012 N/A 15.8% 19.5% N/A N/A
2011 N/A -18.1% -8.4% N/A N/A

Total Return Ranking - Trailing

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.1% -62.4% 213.1% 26.02% 2
1 Yr 14.7% -22.8% 17.6% 0.28% 1
3 Yr 24.1% * -10.3% 24.1% 0.11% 1
5 Yr 19.6% * -8.5% 19.6% 0.14% 1
10 Yr 15.9% * -2.8% 15.9% 0.21% 1

* Annualized


Total Return Ranking - Calendar

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 10.1% -27.7% 17.2% 1.85% 1
2014 N/A -4.6% 3.4% N/A N/A
2013 N/A 25.8% 30.6% N/A N/A
2012 N/A 20.7% 22.8% N/A N/A
2011 N/A -17.1% -6.8% N/A N/A

NAV & Total Return History

PRGTX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Net Assets 2.78 B 855 K 83.8 B 2.36% 1
Number of Holdings 59 1 7464 12.57% 4
Net Assets in Top 10 1.47 B 0 16.6 B 1.70% 1
Weighting of Top 10 54.0% 0.0% 122.5% 4.06% 1

Top 10 Holdings

  1. Liberty Global PLC C 5.95%
  2. NXP Semiconductors NV 8.07%
  3. Alphabet Inc C 4.93%
  4. ASML Holding NV 5.07%
  5. Amazon.com Inc 4.51%
  6. Workday Inc Class A 7.52%
  7. Salesforce.com Inc 4.76%
  8. Sabre Corp 3.85%
  9. Charter Communications Inc A 5.19%
  10. Fanuc Corp 4.17%

Asset Allocation

Weighting Category Low Category High PRGTX % Rank Quintile
Stocks
91.05% 0.00% 132.91% 21.08% 4
Cash
8.31% -35.60% 102.01% 4.73% 1
Other
0.41% -2.42% 40.46% 12.38% 3
Preferred Stocks
0.22% 0.00% 11.82% 3.02% 1
Convertible Bonds
0.00% 0.00% 29.88% 1.70% 2
Bonds
0.00% 0.00% 89.93% 5.10% 2

Stock Sector Breakdown

Weighting Category Low Category High PRGTX % Rank Quintile
Technology
61.43% 0.00% 64.20% 0.19% 1
Communication Services
13.34% -1.23% 84.85% 1.23% 1
Consumer Cyclical
12.11% 0.00% 45.84% 14.57% 3
Industrials
4.17% 0.00% 88.01% 27.06% 5
Financial Services
0.00% 0.00% 42.47% 28.19% 5
Healthcare
0.00% -0.02% 48.64% 26.96% 5
Energy
0.00% 0.00% 53.25% 24.98% 5
Real Estate
0.00% 0.00% 97.86% 20.06% 4
Consumer Defense
0.00% 0.00% 58.04% 28.00% 5
Utilities
0.00% 0.00% 83.58% 17.31% 4
Basic Materials
0.00% 0.00% 30.32% 24.03% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRGTX % Rank Quintile
US
60.67% 0.00% 126.77% 4.44% 1
Non US
30.38% 0.00% 97.75% 27.22% 5

PRGTX - Expenses

Operational Fees

PRGTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.91% 0.00% 323.68% 25.71% 1
Management Fee 0.74% 0.00% 1.95% 3.69% 2
12b-1 Fee 0.00% 0.00% 1.00% 3.29% 1
Administrative Fee 0.15% 0.01% 0.45% 1.85% 4

Sales Fees

PRGTX Fees (% of AUM) Category Low Category High PRGTX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

PRGTX Fees (% of AUM) Category Low Category High PRGTX Rank Quintile
Max Redemption Fee N/A 0.08% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRGTX Fees (% of AUM) Category Low Category High PRGTX Rank Quintile
Turnover 219.40% 2.00% 1876.00% 1.33% 5

PRGTX - Distributions

Dividend Yield Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.38% 81.95% 5

Dividend Distribution Analysis

PRGTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Net Income Ratio -0.47% -1.92% 6.32% 31.95% 5

Capital Gain Distribution Analysis

PRGTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRGTX - Managers

Joshua K. Spencer

Manager

Start Date

Jun 01, 2012

Tenure

4.17

Tenure Rank

5.7%

Mr. Spencer joined T. Rowe Associates, Inc. in 2004 and his investment experience dates from 1998. Since joining the Firm, he has served as an equity research analyst covering the technology industry. Spencer has been employed at Fidelity Investments since August 2000 as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.0

Category High

33.9

Category Average

5.53

Category Mode

1.6