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PRMTX T. Rowe Price Comm & Tech Investor

  • Fund
  • PRMTX
  • Price as of: Sep 20, 2019
  • $118.55 - $0.83 - 0.70%

PRMTX - Profile

Vitals

  • YTD Return 26.7%
  • 3 Yr Annualized Return 14.7%
  • 5 Yr Annualized Return 10.4%
  • Net Assets $6.12 B
  • Holdings in Top 10 58.1%

52 WEEK LOW AND HIGH

$118.55
$87.95
$121.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover 6.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Communications

Distributions

  • YTD Total Return 26.7%
  • 3 Yr Annualized Total Return 14.7%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.18%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name T. Rowe Price Communications & Technology Fund
  • Fund Family Name T. Rowe Price
  • Inception Date Oct 13, 1993
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Paul D. Greene

Fund Description

The T. Rowe Price Media and Telecommunications Fund (PRMTX) is an actively managed fund that focuses on stocks in the media, technology and telecommunications industries. These include firms that publish books, magazines and newspapers; produce movies and TV shows; and telephone and cellular services as well as related technology equipment stocks. PRMTX will hold only large- and mid-cap stocks but can hold domestic and foreign stocks as well.

Despite its low costs, PRMTX’s narrow focus makes it suitable only for a satellite position in an already diversified portfolio. The fund is internally managed by T. Rowe Price.

PRMTX - Performance

Return Ranking - Trailing

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 26.7% 10.5% 26.8% 11.11%
1 Yr 9.6% -10.3% 9.6% 5.88%
3 Yr 14.7%* -4.8% 14.8% 12.50%
5 Yr 10.4%* -4.4% 10.4% 6.67%
10 Yr 11.9%* 0.7% 11.9% 6.67%

* Annualized


Return Ranking - Calendar

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.0% -25.2% -3.0% 11.76%
2017 29.9% -15.7% 29.9% 5.88%
2016 5.2% -4.2% 19.1% 66.67%
2015 8.5% -10.3% 8.5% 6.67%
2014 -6.3% -13.6% 1.3% 93.33%

Total Return Ranking - Trailing

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
YTD 26.7% 10.5% 26.8% 11.11%
1 Yr 9.6% -9.1% 9.6% 5.88%
3 Yr 14.7%* -3.1% 14.8% 12.50%
5 Yr 10.4%* -0.1% 10.4% 6.67%
10 Yr 11.9%* 3.8% 11.9% 6.67%

* Annualized


Total Return Ranking - Calendar

Period PRMTX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.0% -24.1% -3.0% 11.76%
2017 29.9% -9.0% 29.9% 5.88%
2016 5.2% 1.8% 22.8% 73.33%
2015 8.5% -3.1% 8.5% 6.67%
2014 -6.3% -6.3% 5.1% 100.00%

NAV & Total Return History

PRMTX - Holdings

Concentration Analysis

PRMTX Category Low Category High PRMTX % Rank
Net Assets 6.12 B 4.64 M 6.12 B 11.11%
Number of Holdings 63 33 165 38.89%
Net Assets in Top 10 3.49 B 2.82 M 3.49 B 11.11%
Weighting of Top 10 58.11% 34.9% 73.8% 77.78%

Top 10 Holdings

  1. Amazon.com Inc 14.29%

  2. Facebook Inc A 6.86%

  3. American Tower Corp 6.38%

  4. Crown Castle International Corp 5.19%

  5. Alibaba Group Holding Ltd ADR 5.01%

  6. T-Mobile US Inc 4.69%

  7. Netflix Inc 4.06%

  8. Comcast Corp Class A 4.02%

  9. Booking Holdings Inc 3.87%

  10. Tencent Holdings Ltd 3.76%


Asset Allocation

Weighting Return Low Return High PRMTX % Rank
Stocks
98.50% 90.75% 100.00% 55.56%
Cash
1.50% 0.00% 6.44% 55.56%
Preferred Stocks
0.00% 0.00% 1.26% 83.33%
Other
0.00% 0.00% 0.00% 77.78%
Convertible Bonds
0.00% 0.00% 1.71% 77.78%
Bonds
0.00% 0.00% 5.57% 77.78%

Stock Sector Breakdown

Weighting Return Low Return High PRMTX % Rank
Consumer Cyclical
29.53% 0.44% 50.79% 16.67%
Technology
28.49% 7.63% 48.52% 38.89%
Communication Services
24.43% 24.43% 91.40% 100.00%
Real Estate
9.22% 0.00% 9.22% 11.11%
Financial Services
4.54% 0.00% 5.21% 33.33%
Industrials
0.34% 0.00% 0.94% 88.89%
Consumer Defense
0.26% 0.00% 0.26% 11.11%
Utilities
0.00% 0.00% 0.01% 94.44%
Healthcare
0.00% 0.00% 0.76% 94.44%
Energy
0.00% 0.00% 0.00% 77.78%
Basic Materials
0.00% 0.00% 0.00% 77.78%

Stock Geographic Breakdown

Weighting Return Low Return High PRMTX % Rank
US
81.93% 57.36% 97.44% 50.00%
Non US
16.57% 1.38% 41.13% 38.89%

PRMTX - Expenses

Operational Fees

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.10% 2.48% 82.35%
Management Fee 0.64% 0.08% 1.00% 55.56%
12b-1 Fee 0.00% 0.00% 1.00% 20.00%
Administrative Fee 0.15% 0.10% 0.15% 100.00%

Sales Fees

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

PRMTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.90% 6.90% 84.00% 11.76%

PRMTX - Distributions

Dividend Yield Analysis

PRMTX Category Low Category High PRMTX % Rank
Dividend Yield 0.15% 0.00% 1.73% 83.33%

Dividend Distribution Analysis

PRMTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History


Net Income Ratio Analysis

PRMTX Category Low Category High PRMTX % Rank
Net Income Ratio 0.18% 0.08% 3.48% 94.12%

Capital Gain Distribution Analysis

PRMTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

PRMTX - Managers

Paul D. Greene

Manager

Start Date

Tenure

Tenure Rank

May 13, 2013

6.3

6.3%

Paul has been a member of the T.Rowe Price portfolio management team since 2006. He has a proven track record as a media and telecommunications analyst focusing on advertising, diversified media, and internet companies. Paul earned a B.S. in mechanical engineering, with a minor in economics, magna cum laude, from Rose-Hulman Institute of Technology and an M.B.A. from Stanford University Graduate School of Business.


Tenure Analysis

Category Low

0.42

Category High

25.85

Category Average

8.98

Category Mode

1.75