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PRGTX T. Rowe Price Global Technology

  • Fund
  • PRGTX
  • Price as of: Nov 15, 2018
  • $15.79
  • + $0.44
  • + 2.87%
  • Category
  • Global Equities

PRGTX - Profile

Vitals

  • YTD Return -6.2%
  • 3 Yr Annualized Return 12.7%
  • 5 Yr Annualized Return 17.9%
  • Net Assets $4.67 B
  • Holdings in Top 10 75.2%

52 WEEK LOW AND HIGH

$15.79
$14.11
$20.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

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

BROKERAGE FEES

  • Turnover 204.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2017-10-02

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 -6.2%
  • 3 Yr Annualized Total Return 12.7%
  • 5 Yr Annualized Total Return 17.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.37%
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 -6.2% -53.1% 25.1% 57.43% 4
1 Yr -11.5% -56.3% 37.9% 96.66% 5
3 Yr 12.7% * -6.3% 25.3% 3.44% 1
5 Yr 17.9% * -7.3% 19.3% 0.58% 1
10 Yr 21.4% * 0.7% 21.4% 0.17% 1

* Annualized


Return Ranking - Calendar

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 27.3% -39.6% 49.8% 10.39% 1
2016 -2.5% -73.5% 33.8% 74.37% 5
2015 10.1% -27.7% 27.0% 2.43% 1
2014 -3.2% -40.2% 39.8% 55.20% 4
2013 25.8% -33.0% 52.0% 28.39% 2

Total Return Ranking - Trailing

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -6.2% -100.0% 25.1% 56.72% 4
1 Yr -11.5% -38.6% 185.9% 94.46% 5
3 Yr 12.7% * -6.3% 35.8% 3.66% 1
5 Yr 17.9% * -7.7% 19.1% 0.46% 1
10 Yr 21.4% * 0.6% 21.4% 0.17% 1

* Annualized


Total Return Ranking - Calendar

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 27.3% -26.4% 49.8% 10.39% 1
2016 -2.5% -73.5% 33.8% 80.73% 5
2015 23.7% -25.3% 47.6% 0.53% 1
2014 35.6% -13.6% 50.0% 1.58% 1
2013 97.1% -23.9% 170.1% 0.25% 1

NAV & Total Return History

PRGTX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Net Assets 4.67 B 9.87 K 91 B 2.65% 1
Number of Holdings 28 1 8114 16.16% 5
Net Assets in Top 10 4.03 B -876 K 17.5 B 0.95% 1
Weighting of Top 10 75.2% 0.0% 323.8% 2.46% 1

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 5.09%
  2. Taiwan Semiconductor Manufacturing Co Ltd 5.05%
  3. Tencent Holdings Ltd 22.04%
  4. Microchip Technology Inc 4.69%
  5. Lam Research Corp 5.07%
  6. Altaba Inc 4.83%
  7. KLA-Tencor Corp 5.16%
  8. Samsung Electronics Co Ltd 9.63%
  9. NXP Semiconductors NV 7.85%
  10. Tesla Inc 5.81%

Asset Allocation

Weighting Category Low Category High PRGTX % Rank Quintile
Stocks
99.68% 0.00% 132.91% 1.98% 1
Cash
0.32% -35.60% 102.01% 24.95% 5
Preferred Stocks
0.00% 0.00% 4.33% 5.67% 3
Other
0.00% -7.03% 40.46% 14.08% 3
Convertible Bonds
0.00% 0.00% 29.43% 2.36% 2
Bonds
0.00% -0.01% 98.02% 6.71% 2

Stock Sector Breakdown

Weighting Category Low Category High PRGTX % Rank Quintile
Technology
81.45% 0.00% 81.45% 0.09% 1
Consumer Cyclical
12.61% 0.00% 54.45% 13.25% 3
Financial Services
4.83% 0.00% 47.04% 28.86% 5
Industrials
0.79% 0.00% 85.98% 31.60% 5
Utilities
0.00% -0.45% 90.80% 19.77% 4
Real Estate
0.00% -0.56% 84.93% 20.62% 4
Healthcare
0.00% 0.00% 48.64% 29.71% 5
Energy
0.00% 0.00% 51.20% 27.72% 5
Communication Services
0.00% -1.23% 77.90% 24.50% 5
Consumer Defense
0.00% -1.09% 44.27% 28.95% 5
Basic Materials
0.00% 0.00% 29.27% 26.30% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRGTX % Rank Quintile
Non US
57.38% 0.00% 100.00% 6.24% 1
US
42.30% 0.00% 128.53% 24.29% 4

PRGTX - Expenses

Operational Fees

PRGTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.89% 0.01% 323.68% 25.80% 1
Management Fee 0.74% 0.00% 1.96% 3.69% 3
12b-1 Fee 0.00% 0.00% 1.00% 3.14% 1
Administrative Fee 0.15% 0.01% 0.45% 1.82% 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 204.30% 0.00% 1856.00% 1.23% 5

PRGTX - Distributions

Dividend Yield Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Dividend Yield 0.0% 0.00% 3.94% 76.59% 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 -0.37% -23.00% 7.02% 31.85% 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

6.42

Tenure Rank

6.0%

oshua Spencer is a portfolio manager and research analyst in the U.S. Equity Division of T. Rowe Price. He is the lead portfolio manager for the Global Technology Strategy. Mr. Spencer also has portfolio management responsibilities in the firm's U.S. Structured Research Strategy. As an analyst, he covers semiconductors and equipment under the technology industry.


Tenure Analysis

Category Low

0.1

Category High

36.2

Category Average

6.31

Category Mode

0.5