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PRGTX T. Rowe Price Global Technology

  • Fund
  • PRGTX
  • Price as of: Sep 22, 2017
  • $18.39
  • - $0.01
  • - 0.05%
  • Category
  • Global Equities

PRGTX - Profile

Vitals

  • YTD Return 39.1%
  • 3 Yr Annualized Return 22.0%
  • 5 Yr Annualized Return 25.5%
  • Net Assets $5.53 B
  • Holdings in Top 10 57.8%

52 WEEK LOW AND HIGH

$18.39
$13.22
$18.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

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

BROKERAGE FEES

  • Turnover 170.80%

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 39.1%
  • 3 Yr Annualized Total Return 22.0%
  • 5 Yr Annualized Total Return 25.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.49%
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 39.1% -31.9% 40.0% 0.58% 1
1 Yr 36.7% -56.3% 40.1% 0.76% 1
3 Yr 22.0% * -15.2% 22.0% 0.11% 1
5 Yr 25.5% * -5.4% 25.5% 0.12% 1
10 Yr 16.4% * -5.0% 16.4% 0.19% 1

* Annualized


Return Ranking - Calendar

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.5% -73.5% 33.8% 76.37% 5
2015 10.1% -27.7% 17.2% 1.78% 1
2014 -3.2% -40.2% 27.0% 52.12% 3
2013 25.8% -23.4% 52.0% 29.60% 2
2012 13.1% -33.0% 30.2% 60.15% 4

Total Return Ranking - Trailing

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 39.1% -31.9% 40.0% 0.58% 1
1 Yr 36.7% -38.6% 185.9% 0.67% 1
3 Yr 22.0% * -16.2% 35.8% 0.54% 1
5 Yr 25.5% * -5.8% 25.5% 0.12% 1
10 Yr 16.4% * -5.0% 16.4% 0.19% 1

* Annualized


Total Return Ranking - Calendar

Period PRGTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.5% -73.5% 33.8% 81.06% 5
2015 23.7% -25.3% 23.7% 0.10% 1
2014 35.6% -13.6% 47.6% 0.33% 1
2013 97.1% -4.2% 170.1% 0.25% 1
2012 72.6% -23.9% 350.8% 0.73% 1

NAV & Total Return History

PRGTX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Net Assets 5.53 B 9.87 K 92.5 B 1.89% 1
Number of Holdings 45 1 7794 14.27% 4
Net Assets in Top 10 2.9 B -8.68 M 16.8 B 1.04% 1
Weighting of Top 10 57.8% 0.0% 194.9% 3.69% 1

Top 10 Holdings

  1. Salesforce.com Inc 14.29%
  2. Alibaba Group Holding Ltd ADR 4.63%
  3. Alphabet Inc C 8.42%
  4. Workday Inc Class A 4.43%
  5. Electronic Arts Inc 4.71%
  6. Liberty Global PLC C 4.64%
  7. Taiwan Semiconductor Manufacturing Co Ltd 4.74%
  8. Intuit Inc 4.73%
  9. The Ultimate Software Group Inc 3.74%
  10. Microsoft Corp 3.43%

Asset Allocation

Weighting Category Low Category High PRGTX % Rank Quintile
Stocks
96.51% -0.01% 132.91% 10.11% 2
Cash
3.47% -35.60% 102.01% 11.72% 2
Other
0.02% -2.01% 40.46% 18.62% 4
Preferred Stocks
0.00% 0.00% 4.06% 4.91% 3
Convertible Bonds
0.00% 0.00% 29.86% 1.89% 2
Bonds
0.00% -0.05% 96.05% 6.90% 3

Stock Sector Breakdown

Weighting Category Low Category High PRGTX % Rank Quintile
Technology
74.41% 0.00% 78.66% 0.19% 1
Consumer Cyclical
14.09% 0.00% 43.16% 10.60% 2
Communication Services
5.35% -1.23% 79.04% 8.04% 2
Financial Services
2.17% 0.00% 40.61% 29.04% 5
Real Estate
0.48% 0.00% 90.65% 18.26% 4
Utilities
0.00% 0.00% 85.64% 18.45% 4
Industrials
0.00% 0.00% 76.28% 30.94% 5
Healthcare
0.00% 0.00% 48.64% 29.23% 5
Energy
0.00% 0.00% 50.57% 25.64% 5
Consumer Defense
0.00% 0.00% 53.17% 27.34% 5
Basic Materials
0.00% 0.00% 31.18% 24.88% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRGTX % Rank Quintile
US
68.76% -8.72% 126.77% 1.61% 1
Non US
27.75% 0.00% 99.30% 29.87% 5

PRGTX - Expenses

Operational Fees

PRGTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.90% 0.00% 323.68% 25.52% 1
Management Fee 0.74% 0.00% 1.95% 3.50% 2
12b-1 Fee 0.00% 0.00% 1.00% 3.01% 1
Administrative Fee 0.15% 0.01% 0.45% 1.83% 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 170.80% 0.00% 2311.00% 1.42% 5

PRGTX - Distributions

Dividend Yield Analysis

PRGTX Category Low Category High PRGTX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.38% 79.51% 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 -0.49% -1.92% 6.75% 32.99% 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

5.25

Tenure Rank

6.1%

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

35.0

Category Average

6

Category Mode

2.7